| Intangible Assets |
4) Intangible Assets
The following table summarizes acquired intangible assets as follows:
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September 29, 2012 |
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December 31, 2011 |
|
| (In thousands) |
|
Weighted
Average Life
|
|
|
Gross Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Gross Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Patents
|
|
|
12 Years |
|
|
$ |
1,271 |
|
|
$ |
760 |
|
|
$ |
1,271 |
|
|
$ |
685 |
|
|
Trade Names
|
|
|
10 Years |
|
|
|
2,453 |
|
|
|
115 |
|
|
|
1,853 |
|
|
|
7 |
|
|
Completed and Unpatented Technology
|
|
|
11 Years |
|
|
|
6,377 |
|
|
|
1,606 |
|
|
|
5,277 |
|
|
|
1,242 |
|
|
Backlog and Customer Relationships
|
|
|
5 Years |
|
|
|
13,085 |
|
|
|
3,572 |
|
|
|
9,985 |
|
|
|
2,452 |
|
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Total Intangible Assets
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|
|
|
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$ |
23,186 |
|
|
$ |
6,053 |
|
|
$ |
18,386 |
|
|
$ |
4,386 |
|
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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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| |
|
Nine Months Ended |
|
|
Three Months Ended |
|
| (In thousands) |
|
September 29,
2012 |
|
|
October 1,
2011 |
|
|
September 29,
2012 |
|
|
October 1,
2011 |
|
|
Amortization Expense
|
|
$ |
1,667 |
|
|
$ |
320 |
|
|
$ |
1,013 |
|
|
$ |
103 |
|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Amortization expense for intangible assets for 2012 and for each of the next five years is summarized as follows:
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|
|
|
|
| (In thousands) |
|
|
|
|
2012
|
|
$ |
2,277 |
|
|
2013
|
|
|
1,727 |
|
|
2014
|
|
|
1,518 |
|
|
2015
|
|
|
1,473 |
|
|
2016
|
|
|
1,470 |
|
|
2017
|
|
|
1,462 |
|
|