| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 26, 2020 |
|
December 31, 2019 |
| (In thousands) |
Weighted
Average Life
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
| Patents |
11 years |
|
$ |
2,146 |
|
|
$ |
1,869 |
|
|
$ |
2,146 |
|
|
$ |
1,804 |
|
| Non-compete Agreement |
4 years |
|
11,091 |
|
|
9,627 |
|
|
11,318 |
|
|
7,696 |
|
| Trade Names |
10 years |
|
11,467 |
|
|
7,290 |
|
|
11,438 |
|
|
6,550 |
|
| Completed and Unpatented Technology |
9 years |
|
48,250 |
|
|
24,633 |
|
|
48,201 |
|
|
21,196 |
|
| Customer Relationships |
15 years |
|
142,528 |
|
|
57,708 |
|
|
142,212 |
|
|
50,776 |
|
| Total Intangible Assets |
12 years |
|
$ |
215,482 |
|
|
$ |
101,127 |
|
|
$ |
215,315 |
|
|
$ |
88,022 |
|
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
Three Months Ended |
(In thousands) |
|
September 26, 2020 |
|
September 28, 2019 |
|
September 26, 2020 |
|
September 28, 2019 |
Amortization Expense |
|
$ |
13,024 |
|
|
$ |
12,746 |
|
|
$ |
4,382 |
|
|
$ |
4,394 |
|
Amortization expense for acquired intangible assets expected for 2020 and for each of the next five years is summarized as follows:
|
|
|
|
|
|
(In thousands) |
|
| 2020 |
$ |
17,220 |
|
| 2021 |
$ |
15,404 |
|
| 2022 |
$ |
14,973 |
|
| 2023 |
$ |
13,939 |
|
| 2024 |
$ |
12,917 |
|
| 2025 |
$ |
10,996 |
|
|