Goodwill and Intangible Assets

6 Months Ended

Jul. 01, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7. Goodwill and Intangible Assets

The following table summarizes the activity in the Company’s goodwill during the six months ended July 1, 2017:

	(in thousands)
Balance as of December 31, 2016	$	8,940
Foreign currency movements		816
Balance as of July 1, 2017	$	9,756

Finite-lived intangible assets are recorded at cost, less accumulated amortization. Finite-lived intangible assets as of July 1, 2017 and December 31, 2016 consisted of the following (in thousands):

	July 1, 2017
	Adjusted cost		Accumulated amortization			Net carrying amount
Developed technology	$	16,491	$	(16,215	)	$	276
Customer relationships		9,395		(9,395	)		—
Brand names		1,927		(1,927	)		—
Patented technology		2,252		(2,219	)		33
Trademark		80		(80	)		—
Total	$	30,145	$	(29,836	)	$	309

	December 31, 2016
	Adjusted cost		Accumulated amortization			Net carrying amount
Developed technology	$	15,726	$	(15,380	)	$	346
Customer relationships		9,322		(9,322	)		—
Brand names		1,927		(1,927	)		—
Patented technology		2,252		(2,186	)		66
Trademark		80		(80	)		—
Total	$	29,307	$	(28,895	)	$	412

The amortization of finite-lived intangibles is computed using the straight-line method. Estimated lives of finite-lived intangibles range from two to ten years. The total amortization expense for the three months ended July 1, 2017 and June 25, 2016 was $0.1 million and $0.4 million, respectively. Total amortization expense for the six months ended July 1, 2017 and June 25, 2016 was $0.1 million and $0.9 million, respectively.

There were no impairment charges related to intangible assets recorded during the three and six months ended July 1, 2017 and June 25, 2016.

The estimated future amortization expense of finite intangible assets as of July 1, 2017 is as follows (in thousands):

Fiscal Years	Amounts
2017 (remaining six months)		103
2018		140
2019		66
Thereafter		—
Total future amortization expense	$	309

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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