| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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|
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|
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|
|
|
July 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 |
|
|
$ |
1,544 |
|
|
$ |
2,146 |
|
|
$ |
1,450 |
|
Non-compete Agreement |
3 Years |
|
2,500 |
|
|
1,229 |
|
|
2,500 |
|
|
979 |
|
Trade Names |
7 Years |
|
10,433 |
|
|
3,626 |
|
|
10,189 |
|
|
3,153 |
|
Completed and Unpatented Technology |
5 Years |
|
25,207 |
|
|
10,481 |
|
|
24,118 |
|
|
9,221 |
|
Backlog |
Less than 1 Year |
|
11,384 |
|
|
11,277 |
|
|
11,224 |
|
|
11,224 |
|
Customer Relationships |
11 Years |
|
97,245 |
|
|
26,394 |
|
|
97,046 |
|
|
23,093 |
|
Total Intangible Assets |
5 Years |
|
$ |
148,915 |
|
|
$ |
54,551 |
|
|
$ |
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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Six Months Ended |
|
Three Months Ended |
(In thousands) |
July 1,
2017 |
|
July 2,
2016 |
|
July 1,
2017 |
|
July 2,
2016 |
Amortization Expense |
$ |
5,340 |
|
|
$ |
5,607 |
|
|
$ |
2,722 |
|
|
$ |
2,799 |
|
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 |
$ |
10,756 |
|
2018 |
10,314 |
|
2019 |
9,935 |
|
2020 |
9,379 |
|
2021 |
9,333 |
|
2022 |
8,937 |
|
|