XML 53 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTANGIBLE ASSETS
6 Months Ended
Jun. 28, 2014
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 7INTANGIBLE ASSETS

 

Intangible assets were as follows:

 

(In thousands)

 

June 28,

 

December 28,

 

 

2014

 

2013

Intangible assets subject to amortization:

 

 

 

 

 

Developed technology, net of accumulated amortization of $15,647 and $14,079 as of June 28, 2014 and December 28, 2013, respectively

 

$

25,195 

 

$

26,805 

 

Customer relationships, net of accumulated amortization of $35,401 and $32,614 as of June 28, 2014 and December 28, 2013, respectively

 

10,998 

 

13,795 

 

In-process research and development, net of accumulated amortization of $1,123 and $759 as of June 28, 2014 and December 28, 2013, respectively

 

6,794 

 

7,162 

 

Other, net of accumulated amortization of $6,461 and $6,324 as of June 28, 2014 and December 28, 2013, respectively

 

1,114 

 

1,275 

 

 

 

44,101 

 

49,037 

 

Intangible assets not subject to amortization:

 

 

 

 

 

Trademarks and trade names

 

18,305 

 

18,305 

 

Intangible assets, net

 

$

62,406 

 

$

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 $2.4 million and $4.9 million for the three and six months ended June 28, 2014, respectively, and $2.6 million and $5.1 million for the three and six months ended June 29, 2013, respectively.

 

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

 

 

 

(In thousands)

 

Estimated
Aggregate
Amortization
Expense

2014 (remaining)

 

$

3,665 

 

2015

 

6,937 

 

2016

 

6,552 

 

2017

 

5,569 

 

2018

 

3,445 

 

Thereafter

 

17,499 

 

 

 

$

43,667 

 

 

The Company has excluded $0.4 million of estimated amortization expense related to certain in-process research and development from the table above, as it was uncertain as of June 28, 2014 when the technology will be completed and when the amortization will begin.