Note 7 - Intangible Assets

12 Months Ended

Oct. 02, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

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

(In thousands)	Weighted- Average Useful Life (Years)	Gross		Accumulated Amortization			Net Book Value
As of October 2, 2021:
Customer relationships	17.1	$	9,870	$	(3,482	)	$	6,388
Developed technology and know-how	20.0		1,800		(639	)		1,161
Non-competition agreements	5.0		400		(284	)		116
Trade name	2.7		250		(247	)		3
		$	12,320	$	(4,652	)	$	7,668
As of October 3, 2020:
Customer relationships	17.1	$	9,870	$	(2,837	)	$	7,033
Developed technology and know-how	20.0		1,800		(551	)		1,249
Non-competition agreements	5.0		1,860		(1,663	)		197
Trade name	2.7		250		(162	)		88
		$	13,780	$	(5,213	)	$	8,567

Amortization expense for intangibles was $899,000 in 2021, $1.0 million in 2020 and $1.1 million in 2019. Amortization expense for the next five years is $822,000 in 2022, $757,000 in 2023, $751,000 in 2024, $744,000 in 2025 and $752,000 in 2026.