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Purchased Intangible Assets
6 Months Ended
Jul. 02, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Purchased Intangible Assets

NOTE 6. Purchased Intangible Assets

Intangible Assets

Purchased intangible assets as of July 2, 2022 and January 1, 2022 are as follows:

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

July 2, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

378,097

 

 

$

180,678

 

 

$

197,419

 

Customer and distributor relationships

 

 

73,321

 

 

 

27,902

 

 

 

45,419

 

Trademarks and trade names

 

 

14,171

 

 

 

7,267

 

 

 

6,904

 

Total identifiable intangible assets

 

$

465,589

 

 

$

215,847

 

 

$

249,742

 

January 1, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

377,997

 

 

$

155,976

 

 

$

222,021

 

Customer and distributor relationships

 

 

73,321

 

 

 

25,608

 

 

 

47,713

 

Trademarks and trade names

 

 

14,171

 

 

 

6,624

 

 

 

7,547

 

Total identifiable intangible assets

 

$

465,489

 

 

$

188,208

 

 

$

277,281

 

 

Assuming no change in the gross carrying value of identifiable intangible assets and estimated lives, future estimated amortization expenses are:

 

Expected Amortization

 

Fiscal Year:

Expense

 

2022 (remainder)

$

27,642

 

2023

 

54,810

 

2024

 

49,125

 

2025

 

32,575

 

2026

 

31,382

 

2027

 

23,160

 

Thereafter

 

31,048

 

Total

$

249,742