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INTANGIBLE ASSETS
3 Months Ended
Mar. 30, 2013
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6                         INTANGIBLE ASSETS

 

Intangible assets were as follows:

 

(In thousands)

 

March 30,

 

December 29,

 

 

2013

 

2012

Intangible assets subject to amortization:

 

 

 

 

Developed technology, net of accumulated amortization of $11,638 and $10,885 as of March 30, 2013 and December 29, 2012, respectively

 

  $

28,797

 

  $

29,742

Customer relationships, net of accumulated amortization of $27,827 and $26,255 as of March 30, 2013 and December 29, 2012, respectively

 

18,487

 

20,100

In-process research and development, net of accumulated amortization of $280 and $158 as of March 30, 2013 and December 29, 2012, respectively

 

7,611

 

7,746

Other, net of accumulated amortization of $5,916 and $5,915 as of March 30, 2013 and December 29, 2012, respectively

 

1,451

 

1,553

 

 

56,346

 

59,141

Intangible assets not subject to amortization:

 

 

 

 

Trademarks and trade names

 

18,305

 

18,305

Intangible assets, net

 

  $

74,651

 

  $

77,446

 

Developed technology is amortized on a straight line basis over 10 to 20 years, depending on the life of the product technology.  Intangible assets related to customer relationships are generally amortized over a period of up to 10 years on an accelerated basis.  In-process research and development is amortized on a straight line basis over the product’s estimated useful life upon completion of the technology.  Other intangible assets include acquired backlog, product trademarks and trade names, non-competition agreements and defensible assets.  With the exception of product trademarks and trade names, such assets are amortized on a straight line basis over a period of three months to 10 years, depending on the asset.  Trademarks and trade names associated with products are amortized on a straight line basis over the estimated remaining life of the product technology, which ranges from 10 to 20 years.  Trademarks and trade names associated with a business have indefinite lives and are not amortized.

 

Amortization expense related to intangible assets totaled $2.6 million for the three months ended March 30, 2013 and $5.2 million for the three months ended March 31, 2012.

 

Estimated aggregate amortization expense for future fiscal years is as follows:

 

 

 

(In thousands)

 

Estimated

Aggregate

Amortization

Expense

2013 (remaining)

 

  $

7,751

2014

 

8,344

2015

 

6,712

2016

 

6,337

2017

 

5,371

Thereafter

 

19,863

 

 

  $

54,378

 

The Company has excluded $2.0 million of amortization expense related to certain in-process research and development projects from the table above, as it was uncertain as of March 30, 2013 when the technology will be completed and when the amortization will begin.