Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
6 Months Ended
Jun. 29, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

       June 29, 2013      December 31, 2012  
(In thousands)    Weighted
Average Life
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Patents

     12 Years       $ 1,271       $ 834       $ 1,271       $ 784   

Trade Names

     10 Years         2,453         258         2,453         162   

Completed and Unpatented Technology

     11 Years         6,377         2,034         6,377         1,749   

Backlog and Customer Relationships

     12 Years         12,772         4,159         13,085         3,968   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total Intangible Assets

     11 Years       $ 22,873       $ 7,285       $ 23,186       $ 6,663   
     

 

 

    

 

 

    

 

 

    

 

 

 

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 29,
2013
     June 30,
2012
     June 29,
2013
     June 30,
2012
 

Amortization Expense

   $ 935       $ 653       $ 468       $ 304   
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense for intangible assets expected for 2013 and for each of the next five years is as follows:

 

(In thousands)       

2013

   $ 1,727   

2014

     1,518   

2015

     1,474   

2016

     1,470   

2017

     1,462   

2018

     1,371