Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired 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

Summary of Amortization Expense for Acquired Intangibles
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

Summary of Amortization Expense for Intangible Assets for Each of Next Five Years
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