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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 29, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill during the years ended December 29, 2018 and December 30, 2017, respectively (in thousands):

 

 

Amounts

 

Balance as of December 31, 2016

 

$

8,940

 

Foreign currency movements

 

 

1,292

 

Balance as of December 30, 2017

 

 

10,232

 

Foreign currency movements

 

 

378

 

4D acquisition

 

 

15,762

 

Balance as of December 29, 2018

 

$

26,372

 

 

Summary of finite-lived intangible assets

Intangible assets are recorded at cost, less accumulated amortization. The Company recorded $23.5 million of intangible assets in conjunction with its acquisition of 4D in 2018 (See Note 3 – Acquisition). Intangible assets as of December 29, 2018 and December 30, 2017 consisted of the following (in thousands):

 

 

 

December 29, 2018

 

 

 

Adjusted cost

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Developed technology

 

$

35,954

 

 

$

(16,532

)

 

$

19,422

 

Customer relationships

 

 

6,531

 

 

 

(1,519

)

 

 

5,012

 

In-Process research and development

 

 

1,400

 

 

 

 

 

 

1,400

 

Trade name

 

 

1,500

 

 

 

(8

)

 

 

1,492

 

Total

 

$

45,385

 

 

$

(18,059

)

 

$

27,326

 

 

 

 

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

)

 

 

 

Trade name

 

 

80

 

 

 

(80

)

 

 

 

Total

 

$

32,584

 

 

$

(30,378

)

 

$

2,206

 

Estimated future amortization expense

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

 

Fiscal Years

 

Amounts

 

2019

 

 

2,997

 

2020

 

 

2,905

 

2021

 

 

2,905

 

2022

 

 

2,905

 

2023

 

 

2,905

 

Thereafter

 

 

11,309

 

Total future amortization expense

 

 

25,926