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Goodwill and Intangible Assets
9 Months Ended
Sep. 29, 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 nine months ended September 29, 2018:

 

 

 

(in thousands)

 

Balance as of December 30, 2017

 

$

10,232

 

Foreign currency movements

 

 

379

 

Balance as of September 29, 2018

 

$

10,611

 

 

Finite-lived intangible assets are recorded at cost, less accumulated amortization. Finite-lived intangible assets as of September 29, 2018 and December 30, 2017 consisted of the following (in thousands):

 

 

 

September 29, 2018

 

 

 

Adjusted cost

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Developed technology

 

$

20,917

 

 

$

(16,816

)

 

$

4,101

 

Customer relationships

 

 

9,445

 

 

 

(9,445

)

 

 

 

Brand names

 

 

1,927

 

 

 

(1,927

)

 

 

 

Patented technology

 

 

2,252

 

 

 

(2,252

)

 

 

 

Trademark

 

 

80

 

 

 

(80

)

 

 

 

Total

 

$

34,621

 

 

$

(30,520

)

 

$

4,101

 

 

 

 

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 September 29, 2018 and September 30, 2017 was $35,000 and $51,000, respectively, and $105,000 and $155,000 for the nine months ended September 29, 2018 and September 30, 2017, respectively.

 

There were no impairment charges related to intangible assets recorded during the nine months ended September 29, 2018 and September 30, 2017.

The estimated future amortization expense of finite intangible assets as of September 29, 2018 is as follows (in thousands):

 

Fiscal Years

 

Amounts

 

2018 (remaining three months)

 

 

35

 

2019

 

 

209

 

2020

 

 

571

 

2021

 

 

571

 

2022

 

 

571

 

Thereafter

 

 

2,144

 

Total future amortization expense

 

$

4,101