Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.25.2
Intangible Assets (Tables)
 6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The following table summarizes acquired intangible assets as follows:
June 28, 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 11,473  10,448  11,380  10,351 
Completed and Unpatented Technology 9 years 47,977  44,154  47,818  42,617 
Customer Relationships 15 years 142,357  100,518  142,065  95,818 
Total Intangible Assets 13 years $ 215,035  $ 168,348  $ 214,491  $ 162,014 
Schedule of Amortization Expense for Acquired Intangibles Amortization expense for acquired intangibles is summarized as follows:
Six Months Ended Three Months Ended
(In thousands)
 June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024
Amortization Expense
 $ 5,920  $ 6,539  $ 2,945  $ 3,269 
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 $ 10,944 
2026 $ 9,533 
2027 $ 7,825 
2028 $ 7,037 
2029 $ 5,664 
2030 $ 3,583