AMORTIZABLE INTANGIBLE ASSETS

3 Months Ended

Mar. 29, 2014

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

8. Identifiable amortizable intangible assets as of March 29, 2014 include a restrictive land covenant and customer relationships. Collectively, these assets were carried at $105,000, net of $615,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended March 29, 2014 was $13,000 compared to $15,000 for the quarter ended March 30, 2013.

Based upon the intangible assets recorded on the balance sheet at March 29, 2014, amortization expense for the next five years is estimated to be as follows: 2014 — $52,000; 2015 — $45,000; 2016 — $21,000.