9. Intangible Assets, Net

Intangible assets, net consists of the following:

	June 25, 2017			June 26, 2016
Customer lists	$	23,615		$	23,615
Non-compete agreements		4,050			4,293
Trademarks, licenses and other		505			891
Total intangible assets, gross		28,170			28,799

Accumulated amortization – customer lists		(21,685	)		(20,665	)
Accumulated amortization – non-compete agreements		(3,903	)		(3,860	)
Accumulated amortization – trademarks, licenses and other		(424	)		(533	)
Total accumulated amortization		(26,012	)		(25,058	)
Total intangible assets, net	$	2,158		$	3,741

In fiscal 2007, UNIFI purchased certain texturing operations that are included in the Polyester Segment. The valuation of the customer list acquired was determined by estimating the discounted net earnings attributable to the customer relationships that were purchased after considering items such as possible customer attrition. Based on the length and trend of the projected cash flows, an estimated useful life of 13 years was determined. The customer list is amortized through December 2019, in a manner which reflects the expected economic benefit that will be received over its 13-year life. The non-compete agreement is amortized through December 2017, using the straight-line method over the period currently covered by the agreement.

A customer list and a non-compete agreement were recorded in connection with a business combination in fiscal 2014, utilizing similar valuation methods as described above for the fiscal 2007 transaction. The customer list is amortized over a nine-year estimated useful life based on the expected economic benefit. The non-compete agreement is amortized using the straight line method over the five-year term of the agreement.

In fiscal 2012, UNIFI acquired a controlling interest in Renewables, an agricultural company focused on the development, production and commercialization of miscanthus grass for use in the animal bedding, bio energy and bio-based products markets. The acquisition and operations of such enterprise resulted in the capitalization of certain intangible assets. The non-compete agreement for Renewables was amortized using the straight-line method over the five-year term of the agreement. The license was amortized using the straight-line method over its estimated useful life of eight years. As described in Note 4, “Sale of Renewables,” UNIFI sold such controlling interest in fiscal 2017, deconsolidating all of the related assets, liabilities and non-controlling interest.

UNIFI capitalizes costs incurred to register trademarks for REPREVE^® and other PVA products in various countries. UNIFI has determined that these trademarks have varying useful lives of up to three years and are being amortized using the straight-line method.

Amortization expense for intangible assets consists of the following:

	For the Fiscal Year Ended
	June 25, 2017		June 26, 2016		June 28, 2015
Customer lists	$	1,020	$	1,233	$	1,594
Non-compete agreements		287		323		323
Trademarks, licenses and other		74		145		163
Total amortization expense	$	1,381	$	1,701	$	2,080

The following table presents the expected intangible asset amortization for the next five fiscal years:

		2018				2019				2020				2021				2022
Expected amortization		$	1,032			$	678			$	327			$	60			$	47