| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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April 3, 2021 |
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December 31, 2020 |
| (In thousands) |
Weighted
Average Life
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Gross Carrying
Amount
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Accumulated
Amortization
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Gross Carrying
Amount
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Accumulated
Amortization
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| Patents |
11 years |
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$ |
2,146 |
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$ |
1,913 |
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$ |
2,146 |
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$ |
1,891 |
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| Non-compete Agreement |
4 years |
|
11,082 |
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|
10,212 |
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11,082 |
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|
10,085 |
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| Trade Names |
10 years |
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11,476 |
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|
7,784 |
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|
11,512 |
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|
7,537 |
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| Completed and Unpatented Technology |
9 years |
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47,982 |
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26,939 |
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48,043 |
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25,766 |
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| Customer Relationships |
15 years |
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142,367 |
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62,275 |
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142,478 |
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|
60,096 |
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| Total Intangible Assets |
12 years |
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$ |
215,053 |
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$ |
109,123 |
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$ |
215,261 |
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$ |
105,375 |
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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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Three Months Ended |
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(In thousands) |
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April 3, 2021 |
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March 28, 2020 |
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Amortization Expense |
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$ |
3,855 |
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$ |
4,265 |
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Amortization expense for acquired intangible assets expected for 2021 and for each of the next five years is summarized as follows:
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(In thousands) |
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| 2021 |
$ |
15,356 |
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| 2022 |
$ |
14,911 |
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| 2023 |
$ |
13,878 |
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| 2024 |
$ |
12,856 |
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| 2025 |
$ |
10,935 |
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| 2026 |
$ |
9,533 |
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