| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2018 |
|
December 31, 2017 |
(In thousands) |
Weighted
Average Life
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
Patents |
11 Years |
|
$ |
2,146 |
|
|
$ |
1,651 |
|
|
$ |
2,146 |
|
|
$ |
1,629 |
|
Non-compete Agreement |
4 Years |
|
10,900 |
|
|
2,435 |
|
|
10,900 |
|
|
1,687 |
|
Trade Names |
10 Years |
|
11,516 |
|
|
4,381 |
|
|
11,492 |
|
|
4,114 |
|
Completed and Unpatented Technology |
10 Years |
|
38,155 |
|
|
12,938 |
|
|
38,114 |
|
|
11,931 |
|
Backlog |
2 Years |
|
14,424 |
|
|
13,864 |
|
|
14,424 |
|
|
12,184 |
|
Customer Relationships |
15 Years |
|
138,043 |
|
|
32,323 |
|
|
137,967 |
|
|
30,005 |
|
Total Intangible Assets |
12 Years |
|
$ |
215,184 |
|
|
$ |
67,592 |
|
|
$ |
215,043 |
|
|
$ |
61,550 |
|
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) |
|
March 31,
2018 |
|
April 1,
2017 |
Amortization Expense |
|
$ |
6,001 |
|
|
$ |
2,618 |
|
Amortization expense for acquired intangible assets expected for 2018 and for each of the next five years is summarized as follows:
|
|
|
|
|
(In thousands) |
|
2018 |
$ |
19,372 |
|
2019 |
16,700 |
|
2020 |
15,975 |
|
2021 |
14,065 |
|
2022 |
13,631 |
|
2023 |
12,463 |
|
|