| Schedule of Acquired 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
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
| Patents |
11 years |
|
$ |
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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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| Schedule of Amortization Expense for Acquired Intangibles |
Amortization expense for acquired intangibles is summarized as follows:
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Six Months Ended |
|
Three Months Ended |
(In thousands) |
|
July 4, 2026 |
|
June 28, 2025 |
|
July 4, 2026 |
|
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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| Schedule of Amortization Expense for Intangible Assets for Each of Next Five Years |
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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