Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
 9 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets The following table summarizes acquired intangible assets as follows:
October 2, 2021 December 31, 2020
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 1,957  $ 2,146  $ 1,891 
Non-compete Agreement 4 years 11,082  10,465  11,082  10,085 
Trade Names 10 years 11,465  8,278  11,512  7,537 
Completed and Unpatented Technology 9 years 47,962  29,285  48,043  25,766 
Customer Relationships 15 years 142,330  66,810  142,478  60,096 
Total Intangible Assets 12 years $ 214,985  $ 116,795  $ 215,261  $ 105,375 
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)
 October 2, 2021 September 26, 2020 October 2, 2021 September 26, 2020
Amortization Expense
 $ 11,565  $ 13,024  $ 3,853  $ 4,382 
Summary of Amortization Expense for Intangible Assets for Each of Next Five Years Amortization expense for acquired intangible assets expected for 2021 and for each of the next five years is summarized as follows:
(In thousands)
2021 $ 15,382 
2022 $ 14,911 
2023 $ 13,878 
2024 $ 12,856 
2025 $ 10,935 
2026 $ 9,533