Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.1.9
Intangible Assets
3 Months Ended
Apr. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
  

 

 

    

 

 

 

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

       April 4, 2015      December 31, 2014  
(In thousands)    Weighted
Average Life
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Patents

     6 Years       $ 2,146       $ 1,124       $ 2,146       $ 1,077   

Trade Names

     9 Years         8,217         1,472         8,304         1,288   

Completed and Unpatented Technology

     7 Years         17,957         4,852         18,107         4,396   

Backlog and Customer Relationships

     12 Years         113,539         22,378         93,448         20,253   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total Intangible Assets

  8 Years    $ 141,859    $ 29,826    $ 122,005    $ 27,014   
     

 

 

    

 

 

    

 

 

    

 

 

 

All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:

 

     Three Months Ended  
(In thousands)    April 4,
2015
     March 29,
2014
 

Amortization Expense

   $ 2,852       $ 2,467   
  

 

 

    

 

 

 

Amortization expense for intangible assets expected for 2015 and for each of the next five years is summarized as follows:

 

(In thousands)       

2015

   $ 11,100   

2016

     10,710   

2017

     10,293   

2018

     9,980   

2019

     9,579   

2020

     9,524