AMORTIZABLE INTANGIBLE ASSETS

9 Months Ended

Oct. 01, 2016

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

9.    Identifiable amortizable intangible assets as of October 1, 2016 include a restrictive land covenant and customer relationships. At October 1, 2016, these assets were collectively carried at  zero, net of $720,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended October 1, 2016 was zero compared to $11,000 for the quarter ended October 3, 2015 and $21,000 and $34,000 for the nine months ended October 1, 2016 and October 3, 2015, respectively.

Based upon the intangible assets recorded on the balance sheet at October 1, 2016, amortization expense after the third quarter of 2016 will be zero.