Note 6 - Intangible Assets

9 Months Ended

Jul. 03, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(6) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)	Gross Amount		Accumulated Amortization			Net Book Value
As of July 3, 2021:
Customer relationships	$	9,870	$	(3,320	)	$	6,550
Developed technology and know-how		1,800		(617	)		1,183
Non-competition agreements		400		(264	)		136
Trade name		250		(237	)		13
	$	12,320	$	(4,438	)	$	7,882
As of October 3, 2020:
Customer relationships	$	9,870	$	(2,837	)	$	7,033
Developed technology and know-how		1,800		(551	)		1,249
Non-competition agreements		1,860		(1,663	)		197
Trade name		250		(162	)		88
	$	13,780	$	(5,213	)	$	8,567

Amortization expense for intangibles was $213,000 and $240,000 for the three-month periods ended July 3, 2021 and June 27, 2020, respectively, and $685,000 and $770,000 for the nine-month periods ended July 3, 2021 and June 27, 2020, respectively.