Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
6 Months Ended
Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The following table summarizes acquired intangible assets as follows: 
 
 
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:
 
 
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