Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.20.2
Intangible Assets (Tables)
 6 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets
The following table summarizes acquired intangible assets as follows: 
June 27, 2020 December 31, 2019
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146    $ 1,847    $ 2,146    $ 1,804   
Non-compete Agreement 4 years 11,091    8,989    11,318    7,696   
Trade Names 10 years 11,438    7,043    11,438    6,550   
Completed and Unpatented Technology 9 years 48,200    23,450    48,201    21,196   
Customer Relationships 15 years 142,439    55,337    142,212    50,776   
Total Intangible Assets 12 years $ 215,314    $ 96,666    $ 215,315    $ 88,022   
Summary of Amortization Expense for Acquired Intangibles
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows: 
Six Months Ended Three Months Ended
(In thousands)
 June 27, 2020 June 29, 2019 June 27, 2020 June 29, 2019
Amortization Expense
 $ 8,642    $ 8,352    $ 4,377    $ 4,128   
Summary of Amortization Expense for Intangible Assets for Each of Next Five Years
Amortization expense for acquired intangible assets expected for 2020 and for each of the next five years is summarized as follows:
(In thousands)
2020 $ 17,207   
2021 $ 15,404   
2022 $ 14,973   
2023 $ 13,939   
2024 $ 12,917   
2025 $ 10,996