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

8.              Identifiable amortizable intangible assets as of March 30, 2013 include a restrictive land covenant and customer relationships. Collectively, these assets were carried at $162,000, net of $558,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended March 30, 2013 was $15,000 compared to $17,000 for the quarter ended March 31, 2012.

 

Based upon the intangible assets recorded on the balance sheet at March 30, 2013, amortization expense for the next five years is estimated to be as follows: 2013 — $59,000; 2014 — $52,000; 2015 — $45,000, 2016 — $21,000.