Nature of Business, Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 29, 2018

Estimated useful lives of property, plant and equipment

Depreciation and amortization is computed using the straight–line method over the following estimated useful lives of the assets:

Building and Improvements	5-40 years
Machinery and equipment	3-10 years
Furniture and fixtures	3-10 years
Software	3-7 years

Estimated Useful Lives of Intangible Assets

Amortization of intangible assets with finite lives is computed using the straight-line method over the following estimated useful lives of the assets:

Developed technology	9-10 years
Customer relationships	9 years
Trade name	15 years
Backlog	< 1 year

Accounting Standards Update 2014-09 [Member]

Schedule of New Accounting Standards Adoption Impacts

The following tables summarize the impacts of Topic 606 adoption on the Company’s financial statements for the twelve months ended December 29, 2018 (in thousands, except per share data):

	Twelve Months Ended December 29, 2018
	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
Net Revenue	$	324,523	$	320,968	$	3,555
Net Income	$	57,648	$	55,413	$	2,235
Net income per share:
Basic	$	2.39	$	2.30	$	0.09
Diluted	$	2.34	$	2.25	$	0.09