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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of finite-lived intangible assets

Intangible assets are recorded at cost, less accumulated amortization. Certain of the Company’s intangible assets are denominated in foreign currencies. The aggregate $50,000 increase in the adjusted cost basis of the Company’s intangible assets as of March 30, 2019, as compared with December 29, 2018, was due to foreign currency movements. Such foreign currency movements also increased the March 30, 2019 balance of accumulated amortization of the intangibles assets by $50,000 as compared with December 29, 2018. Intangible assets as of March 30, 2019 and December 29, 2018 consisted of the following (in thousands):

 

 

 

March 30, 2019

 

 

 

Adjusted cost

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Developed technology

 

$

35,997

 

 

$

(17,040

)

 

$

18,957

 

Customer relationships

 

 

6,538

 

 

 

(1,790

)

 

 

4,748

 

In-process research and development

 

 

1,400

 

 

 

 

 

 

1,400

 

Trade name

 

 

1,500

 

 

 

(33

)

 

 

1,467

 

Total

 

$

45,435

 

 

$

(18,863

)

 

$

26,572

 

 

 

 

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

 

Estimated future amortization expense

The estimated future amortization expense of finite intangible assets as of March 30, 2019 is as follows (in thousands):

 

Fiscal Years

 

Amounts

 

2019 (remaining nine months)

 

$

2,099

 

2020

 

 

2,905

 

2021

 

 

2,905

 

2022

 

 

2,905

 

2023

 

 

2,905

 

Thereafter

 

 

11,453

 

Total future amortization expense

 

$

25,172