| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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July 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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11,544 |
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10,633 |
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11,565 |
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10,541 |
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| Completed and Unpatented Technology |
9 years |
|
47,944 |
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46,260 |
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47,980 |
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45,207 |
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| Backlog |
4 years |
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3,888 |
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|
602 |
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3,991 |
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177 |
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| Customer Relationships |
15 years |
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145,623 |
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108,352 |
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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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520 |
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6,760 |
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260 |
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| Total Intangible Assets |
13 years |
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$ |
228,987 |
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$ |
179,595 |
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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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Six Months Ended |
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Three Months Ended |
(In thousands) |
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July 4, 2026 |
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June 28, 2025 |
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July 4, 2026 |
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June 28, 2025 |
Amortization Expense |
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$ |
5,771 |
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$ |
5,920 |
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$ |
2,884 |
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$ |
2,945 |
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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 |
$ |
11,312 |
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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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