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Other Intangible Assets
3 Months Ended
Mar. 29, 2015
Other Intangible Assets.  
Other Intangible Assets

NOTE 5 – Other Intangible Assets

 

Intangible assets consist of the following components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

   

   

March 29, 2015

 

($ in thousands)

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Amount

 

Amortized intangible assets:

   

 

 

 

 

 

 

 

 

 

Customer lists/relationships

 

$

51,804 

 

$

(25,082)

 

$

26,722 

 

Patents

 

 

10,319 

 

 

(10,319)

 

 

 —

 

Other intangibles

 

 

12,270 

 

 

(4,063)

 

 

8,207 

 

Other intangible assets, net

 

$

74,393 

 

$

(39,464)

 

$

34,929 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense for the three months ended March 29, 2015

 

 

 

 

$

973 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

   

   

December 31, 2014

 

($ in thousands)

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Amount

 

Amortized intangible assets:

   

 

 

 

 

 

 

 

 

 

Customer lists/relationships

 

$

51,804 

 

$

(24,415)

 

$

27,389 

 

Patents

 

 

10,319 

 

 

(10,319)

 

 

 —

 

Other intangibles

 

 

12,270 

 

 

(3,757)

 

 

8,513 

 

Other intangible assets, net

 

$

74,393 

 

$

(38,491)

 

$

35,902 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense for the three months ended March 30, 2014

 

 

 

 

$

1,034 

 

 

 

 

 

Amortization expense remaining for other intangible assets is as follows:

 

 

 

 

 

 

 

($ in thousands)

    

Amortization
expense

 

2015

 

$

2,976 

 

2016

 

 

3,647 

 

2017

 

 

3,569 

 

2018

 

 

3,484 

 

2019

 

 

3,475 

 

Thereafter

 

 

17,778 

 

Total amortization expense

 

$

34,929