Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
6 Months Ended
Jun. 30, 2012
Intangible Assets/Goodwill [Abstract]  
Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

                                     
    June 30, 2012     December 31, 2011  
(In thousands)   Weighted
Average Life
  Gross Carrying
Amount
    Accumulated
Amortization
    Gross Carrying
Amount
    Accumulated
Amortization
 

Patents

  12 Years   $ 1,271     $ 735     $ 1,271     $ 685  

Trade Names

  0 - 10 Years     1,853       72       1,853       7  

Completed and Unpatented Technology

  10 - 15 Years     5,277       1,472       5,277       1,242  

Backlog and Customer Relationships

  3 - 20 Years     9,985       2,760       9,985       2,452  
       

 

 

   

 

 

   

 

 

   

 

 

 

Total Intangible Assets

      $ 18,386     $ 5,039     $ 18,386     $ 4,386  
       

 

 

   

 

 

   

 

 

   

 

 

 

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)   June 30,
2012
    July 2,
2011
    June 30,
2012
    July 2,
2011
 
         

Amortization Expense

  $ 653     $ 217     $ 304     $ 103  
   

 

 

   

 

 

   

 

 

   

 

 

 

Amortization expense for intangible assets for each of the next five years is summarized as follows:

 

         
(In thousands)      
   

2012

  $ 1,261  

2013

    1,215  

2014

    1,215  

2015

    1,170  

2016

    1,166