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INTANGIBLE ASSETS
3 Months Ended
Mar. 29, 2014
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 7        INTANGIBLE ASSETS

 

Intangible assets were as follows:

 

(In thousands)

 

March 29,

 

December 28,

 

 

 

2014

 

2013

 

Intangible assets subject to amortization:

 

 

 

 

 

Developed technology, net of accumulated amortization of $14,870 and $14,079 as of March 29, 2014 and December 28, 2013, respectively

 

  $

26,016

 

  $

26,805

 

Customer relationships, net of accumulated amortization of $34,011 and $32,614 as of March 29, 2014 and December 28, 2013, respectively

 

12,398

 

13,795

 

In-process research and development, net of accumulated amortization of $941 and $759 as of March 29, 2014 and December 28, 2013, respectively

 

6,981

 

7,162

 

Other, net of accumulated amortization of $6,404 and $6,324 as of March 29, 2013 and December 28, 2013, respectively

 

1,197

 

1,275

 

 

 

46,592

 

49,037

 

Intangible assets not subject to amortization:

 

 

 

 

 

Trademarks and trade names

 

18,305

 

18,305

 

Intangible assets, net

 

  $

64,897

 

  $

67,342

 

 

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 $2.5 million for the three months ended March 29, 2014, and $2.6 million for the three months ended March 30, 2013.

 

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

 

(In thousands)

 

 

Estimated
Aggregate
Amortization
Expense

 

2014 (remaining)

 

  $

6,109

 

2015

 

6,925

 

2016

 

6,539

 

2017

 

5,553

 

2018

 

3,429

 

Thereafter

 

17,399

 

 

 

  $

45,954

 

 

The Company has excluded $0.6 million of estimated amortization expense related to certain in-process research and development from the table above, as it was uncertain as of March 29, 2014 when the technology will be completed and when the amortization will begin.