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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 7. Goodwill and Intangible Assets

The following table summarizes the activity in the Company’s goodwill during the six months ended June 30, 2018:

 

 

 

(in thousands)

 

Balance as of December 30, 2017

 

$

10,232

 

Foreign currency movements

 

 

379

 

Balance as of June 30, 2018

 

$

10,611

 

 

Finite-lived intangible assets are recorded at cost, less accumulated amortization. Finite-lived intangible assets as of June 30, 2018 and December 30, 2017 consisted of the following (in thousands):

 

 

 

June 30, 2018

 

 

 

Adjusted cost

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Developed technology

 

$

20,887

 

 

$

(16,751

)

 

$

4,136

 

Customer relationships

 

 

9,438

 

 

 

(9,438

)

 

 

 

Brand names

 

 

1,927

 

 

 

(1,927

)

 

 

 

Patented technology

 

 

2,252

 

 

 

(2,252

)

 

 

 

Trademark

 

 

80

 

 

 

(80

)

 

 

 

Total

 

$

34,584

 

 

$

(30,448

)

 

$

4,136

 

 

 

 

December 30, 2017

 

 

 

Adjusted cost

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Developed technology

 

$

18,887

 

 

$

(16,681

)

 

$

2,206

 

Customer relationships

 

 

9,438

 

 

 

(9,438

)

 

 

 

Brand names

 

 

1,927

 

 

 

(1,927

)

 

 

 

Patented technology

 

 

2,252

 

 

 

(2,252

)

 

 

 

Trademark

 

 

80

 

 

 

(80

)

 

 

 

Total

 

$

32,584

 

 

$

(30,378

)

 

$

2,206

 

 

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 June 30, 2018 and July 1, 2017 was $35.0 thousand and $52.0 thousand, respectively, and $70.0 thousand and $104.0 thousand for the six months ended June 30, 2018 and July 1, 2017, respectively.

 

There were no impairment charges related to intangible assets recorded during the six months ended June 30, 2018 and July 1, 2017.

The estimated future amortization expense of finite intangible assets as of June 30, 2018 is as follows (in thousands):

 

Fiscal Years

 

Amounts

 

2018 (remaining six months)

 

 

70

 

2019

 

 

209

 

2020

 

 

571

 

2021

 

 

571

 

2022

 

 

571

 

Thereafter

 

 

2,144

 

Total future amortization expense

 

$

4,136