| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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October 2, 2021 |
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December 31, 2020 |
| (In thousands) |
Weighted
Average Life
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Gross Carrying
Amount
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Accumulated
Amortization
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Gross Carrying
Amount
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Accumulated
Amortization
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| Patents |
11 years |
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$ |
2,146 |
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$ |
1,957 |
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$ |
2,146 |
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$ |
1,891 |
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| Non-compete Agreement |
4 years |
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11,082 |
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10,465 |
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11,082 |
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10,085 |
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| Trade Names |
10 years |
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11,465 |
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8,278 |
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11,512 |
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7,537 |
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| Completed and Unpatented Technology |
9 years |
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47,962 |
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29,285 |
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48,043 |
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25,766 |
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| Customer Relationships |
15 years |
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142,330 |
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66,810 |
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142,478 |
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60,096 |
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| Total Intangible Assets |
12 years |
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$ |
214,985 |
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$ |
116,795 |
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$ |
215,261 |
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$ |
105,375 |
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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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Nine Months Ended |
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Three Months Ended |
(In thousands) |
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October 2, 2021 |
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September 26, 2020 |
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October 2, 2021 |
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September 26, 2020 |
Amortization Expense |
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$ |
11,565 |
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$ |
13,024 |
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$ |
3,853 |
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$ |
4,382 |
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Amortization expense for acquired intangible assets expected for 2021 and for each of the next five years is summarized as follows:
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(In thousands) |
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| 2021 |
$ |
15,382 |
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| 2022 |
$ |
14,911 |
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| 2023 |
$ |
13,878 |
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| 2024 |
$ |
12,856 |
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| 2025 |
$ |
10,935 |
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| 2026 |
$ |
9,533 |
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