AMORTIZABLE INTANGIBLE ASSETS

9 Months Ended

Sep. 27, 2014

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

9.Identifiable amortizable intangible assets as of September 27, 2014 include a restrictive land covenant and customer relationships. At September 27, 2014, these assets were collectively carried at $79,000, net of $641,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended September 27, 2014 was $13,000 compared to $14,000 for the quarter ended September 28, 2013, and was $39,000 for the nine months ended September 27, 2014 as compared to $44,000 for the nine months ended September 28, 2013.

Based upon the intangible assets recorded on the balance sheet at September 27, 2014, amortization expense for the next five years is estimated to be as follows: 2014 — $52,000; 2015 — $45,000; 2016 — $21,000, and zero thereafter.