Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.20.2
Intangible Assets (Tables)
 9 Months Ended
Sep. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired 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 
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: 
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 
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 $ 17,220 
2021 $ 15,404 
2022 $ 14,973 
2023 $ 13,939 
2024 $ 12,917 
2025 $ 10,996