| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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|
April 1, 2017 |
|
December 31, 2016 |
(In thousands) |
Weighted
Average Life
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
Patents |
4 Years |
|
$ |
2,146 |
|
|
$ |
1,497 |
|
|
$ |
2,146 |
|
|
$ |
1,450 |
|
Non-compete Agreement |
3 Years |
|
2,500 |
|
|
1,104 |
|
|
2,500 |
|
|
979 |
|
Trade Names |
7 Years |
|
10,199 |
|
|
3,387 |
|
|
10,189 |
|
|
3,153 |
|
Completed and Unpatented Technology |
6 Years |
|
24,135 |
|
|
9,830 |
|
|
24,118 |
|
|
9,221 |
|
Backlog |
- |
|
11,224 |
|
|
11,224 |
|
|
11,224 |
|
|
11,224 |
|
Customer Relationships |
11 Years |
|
97,075 |
|
|
24,708 |
|
|
97,046 |
|
|
23,093 |
|
Total Intangible Assets |
6 Years |
|
$ |
147,279 |
|
|
$ |
51,750 |
|
|
$ |
147,223 |
|
|
$ |
49,120 |
|
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
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Three Months Ended |
(In thousands) |
April 1,
2017 |
|
April 2,
2016 |
Amortization Expense |
$ |
2,618 |
|
|
$ |
2,808 |
|
Amortization expense for acquired intangible assets expected for 2017 and for each of the next five years is summarized as follows:
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|
|
|
|
(In thousands) |
|
2017 |
$ |
10,450 |
|
2018 |
10,133 |
|
2019 |
9,754 |
|
2020 |
9,198 |
|
2021 |
9,152 |
|
2022 |
8,756 |
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