Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.25.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The following table summarizes acquired intangible assets as follows:
March 29, 2025 December 31, 2024
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 2,146  $ 2,146  $ 2,146 
Non-compete Agreement 4 years 11,082  11,082  11,082  11,082 
Trade Names 10 years 11,411  10,404  11,380  10,351 
Completed and Unpatented Technology 9 years 47,871  43,398  47,818  42,617 
Customer Relationships 15 years 142,162  98,096  142,065  95,818 
Total Intangible Assets 13 years $ 214,672  $ 165,126  $ 214,491  $ 162,014 
Schedule of Amortization Expense for Acquired Intangibles Amortization expense for acquired intangibles is summarized as follows:
Three Months Ended
(In thousands)
 March 29, 2025 March 30, 2024
Amortization Expense
 $ 2,975  $ 3,270 
Schedule of Amortization Expense for Intangible Assets for Each of Next Five Years
Amortization expense for acquired intangible assets expected for 2025 and for each of the next five years is summarized as follows:
(In thousands)
2025 $ 10,938 
2026 $ 9,533 
2027 $ 7,825 
2028 $ 7,037 
2029 $ 5,664 
2030 $ 3,583