Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
9 Months Ended
Sep. 30, 2012
Intangible Assets Goodwill [Abstract]  
Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

                                         
      September 29, 2012     December 31, 2011  
(In thousands)   Weighted
Average Life
    Gross Carrying
Amount
    Accumulated
Amortization
    Gross Carrying
Amount
    Accumulated
Amortization
 

Patents

    12 Years     $ 1,271     $ 760     $ 1,271     $ 685  

Trade Names

    10 Years       2,453       115       1,853       7  

Completed and Unpatented Technology

    11 Years       6,377       1,606       5,277       1,242  

Backlog and Customer Relationships

    5 Years       13,085       3,572       9,985       2,452  
           

 

 

   

 

 

   

 

 

   

 

 

 

Total Intangible Assets

          $ 23,186     $ 6,053     $ 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:

 

                                 
    Nine Months Ended     Three Months Ended  
(In thousands)   September 29,
2012
    October 1,
2011
    September 29,
2012
    October 1,
2011
 

Amortization Expense

  $ 1,667     $ 320     $ 1,013     $ 103  
   

 

 

   

 

 

   

 

 

   

 

 

 

Amortization expense for intangible assets for 2012 and for each of the next five years is summarized as follows:

 

         
(In thousands)      

2012

  $ 2,277  

2013

    1,727  

2014

    1,518  

2015

    1,473  

2016

    1,470  

2017

    1,462