Goodwill, Other Intangible Assets and Other Assets

6 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Other Intangible Assets and Other Assets

Goodwill and Other Intangible Assets

The following table summarizes the activity in the carrying amount of goodwill for the six months ended June 27, 2020 (in thousands):

Balance as of December 28, 2019	$	118,732
Effect of foreign currency translation	789
Balance as of June 27, 2020	$	119,521

Intangible assets consisted of the following (in thousands):

	June 27, 2020						December 28, 2019
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Completed technology	$	28,100	$	26,075	$	2,025	$	28,100	$	24,605	$	3,495
Tradename	100		100		—		100		100		—
Customer relationships	11,165		2,787		8,378		11,095		2,302		8,793
Reacquired distribution rights	31,972		31,972		—		31,680		31,680		—
Non-competition agreements	258		237		21		256		192		64
Total	$	71,595	$	61,171	$	10,424	$	71,231	$	58,879	$	12,352

Amortization expense related to acquired intangible assets was $1.4 million and $3.4 million for the three months ended June 27, 2020 and June 29, 2019, respectively. Amortization expense related to acquired intangible assets was $2.0 million and $6.7 million for the six months ended June 27, 2020 and June 29, 2019, respectively.

The estimated future amortization expense related to current intangible assets in each of the five succeeding fiscal years is expected to be as follows (in thousands):

	Cost of Revenue		Operating Expenses		Total
Remainder of 2020	$	450	$	493	$	943
2021	900		786		1,686
2022	675		786		1,461
2023	—		786		786
2024	—		786		786
Thereafter	—		4,762		4,762
Total	$	2,025	$	8,399	$	10,424