| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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April 4, 2026 |
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December 31, 2025 |
| (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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$ |
2,146 |
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$ |
2,146 |
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$ |
2,146 |
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| Non-compete Agreement |
4 years |
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11,082 |
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11,082 |
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11,082 |
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|
11,082 |
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| Trade Names |
10 years |
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11,549 |
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10,587 |
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11,565 |
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10,541 |
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| Completed and Unpatented Technology |
9 years |
|
47,953 |
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45,733 |
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47,980 |
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45,207 |
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| Backlog |
4 years |
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3,916 |
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|
390 |
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3,991 |
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|
177 |
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| Customer Relationships |
15 years |
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145,664 |
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105,845 |
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145,773 |
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104,531 |
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| Licensing Agreement |
13 years |
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6,760 |
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|
967 |
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6,760 |
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260 |
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| Total Intangible Assets |
13 years |
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$ |
229,070 |
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$ |
176,750 |
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$ |
229,297 |
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$ |
173,944 |
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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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Three Months Ended |
(In thousands) |
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April 4, 2026 |
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March 29, 2025 |
Amortization Expense |
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$ |
2,887 |
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$ |
2,975 |
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Amortization expense for acquired intangible assets expected for 2026 and for each of the next five years is summarized as follows:
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| (In thousands) |
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| 2026 |
$ |
11,261 |
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| 2027 |
$ |
9,498 |
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| 2028 |
$ |
8,711 |
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| 2029 |
$ |
7,161 |
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| 2030 |
$ |
4,406 |
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| 2031 |
$ |
4,195 |
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