| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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|
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|
September 30, 2017 |
|
December 31, 2016 |
(In thousands) |
Weighted
Average Life
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
Patents |
4 Years |
|
$ |
2,146 |
|
|
$ |
1,590 |
|
|
$ |
2,146 |
|
|
$ |
1,450 |
|
Non-compete Agreement |
3 Years |
|
2,500 |
|
|
1,354 |
|
|
2,500 |
|
|
979 |
|
Trade Names |
7 Years |
|
10,480 |
|
|
3,866 |
|
|
10,189 |
|
|
3,153 |
|
Completed and Unpatented Technology |
5 Years |
|
26,094 |
|
|
11,147 |
|
|
24,118 |
|
|
9,221 |
|
Backlog |
Less than 1 Year |
|
11,524 |
|
|
11,424 |
|
|
11,224 |
|
|
11,224 |
|
Customer Relationships |
11 Years |
|
99,831 |
|
|
28,139 |
|
|
97,046 |
|
|
23,093 |
|
Total Intangible Assets |
5 Years |
|
$ |
152,575 |
|
|
$ |
57,520 |
|
|
$ |
147,223 |
|
|
$ |
49,120 |
|
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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Nine Months Ended |
|
Three Months Ended |
(In thousands) |
September 30,
2017 |
|
October 1,
2016 |
|
September 30,
2017 |
|
October 1,
2016 |
Amortization Expense |
$ |
8,269 |
|
|
$ |
8,202 |
|
|
$ |
2,929 |
|
|
$ |
2,595 |
|
Amortization expense for acquired intangible assets expected for 2017 and for each of the next five years is summarized as follows:
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|
|
|
|
(In thousands) |
|
2017 |
$ |
11,089 |
|
2018 |
10,593 |
|
2019 |
10,214 |
|
2020 |
9,658 |
|
2021 |
9,612 |
|
2022 |
9,216 |
|
|