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INTANGIBLE ASSETS
9 Months Ended
Sep. 27, 2014
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 7INTANGIBLE ASSETS

 

Intangible assets were as follows:

 

(In thousands)

 

September 27,

 

December 28,

 

 

 

2014

 

2013

 

Intangible assets subject to amortization:

 

 

 

 

 

Developed technology, net of accumulated amortization of $16,143 and $14,079 as of September 27, 2014 and December 28, 2013, respectively

 

$

24,227 

 

$

26,805 

 

Customer relationships, net of accumulated amortization of $36,327 and $32,614 as of September 27, 2014 and December 28, 2013, respectively

 

9,971 

 

13,795 

 

In-process research and development, net of accumulated amortization of $1,310 and $759 as of September 27, 2014 and December 28, 2013, respectively

 

6,576 

 

7,162 

 

Other, net of accumulated amortization of $6,334 and $6,324 as of September 27, 2014 and December 28, 2013, respectively

 

998 

 

1,275 

 

 

 

41,772 

 

49,037 

 

Intangible assets not subject to amortization:

 

 

 

 

 

Trademarks and trade names

 

18,305 

 

18,305 

 

Intangible assets, net

 

$

60,077 

 

$

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 $1.9 million and $6.8 million for the three and nine months ended September 27, 2014, respectively, and $2.6 million and $7.7 million for the three and nine months ended September 28, 2013, respectively.

 

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

 

(In thousands)

 

Estimated
Aggregate
Amortization
Expense

 

2014 (remaining)

 

$

1,755 

 

2015

 

6,857 

 

2016

 

6,484 

 

2017

 

5,521 

 

2018

 

3,396 

 

Thereafter

 

17,355 

 

 

 

$

41,368 

 

 

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 September 27, 2014 when the technology will be completed and when the amortization will begin.