| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
|
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|
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|
|
|
|
|
|
|
|
July 2, 2016 |
|
December 31, 2015 |
(In thousands) |
Weighted
Average Life
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
Patents |
5 Years |
|
$ |
2,146 |
|
|
$ |
1,357 |
|
|
$ |
2,146 |
|
|
$ |
1,264 |
|
Non-compete Agreement |
4 Years |
|
2,500 |
|
|
729 |
|
|
2,500 |
|
|
479 |
|
Trade Names |
7 Years |
|
10,232 |
|
|
2,685 |
|
|
10,217 |
|
|
2,216 |
|
Completed and Unpatented Technology |
6 Years |
|
24,083 |
|
|
8,006 |
|
|
24,056 |
|
|
6,795 |
|
Backlog |
Less than 1 Year |
|
11,627 |
|
|
11,202 |
|
|
11,202 |
|
|
10,793 |
|
Customer Relationships |
12 Years |
|
96,946 |
|
|
19,957 |
|
|
96,472 |
|
|
16,770 |
|
Total Intangible Assets |
6 Years |
|
$ |
147,534 |
|
|
$ |
43,936 |
|
|
$ |
146,593 |
|
|
$ |
38,317 |
|
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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Six Months Ended |
|
Three Months Ended |
(In thousands) |
July 2,
2016 |
|
July 4,
2015 |
|
July 2,
2016 |
|
July 4,
2015 |
Amortization Expense |
$ |
5,607 |
|
|
$ |
5,772 |
|
|
$ |
2,799 |
|
|
$ |
2,920 |
|
Amortization expense for acquired intangible assets expected for 2016 and for each of the next five years is summarized as follows:
|
|
|
|
|
(In thousands) |
|
2016 |
$ |
11,013 |
|
2017 |
10,591 |
|
2018 |
10,066 |
|
2019 |
9,664 |
|
2020 |
9,130 |
|
2021 |
9,085 |
|
|