Note 5 - Intangible Assets

3 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(5) 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 December 31, 2022:
Customer relationships		17.1	$	9,870	$	(4,292	)	$	5,578
Developed technology and know-how		20.0		1,800		(751	)		1,049
Non-competition agreements		5.0		400		(374	)		26
			$	12,070	$	(5,417	)	$	6,653
As of October 1, 2022:
Customer relationships		17.1	$	9,870	$	(4,130	)	$	5,740
Developed technology and know-how		20.0		1,800		(729	)		1,071
Non-competition agreements		5.0		400		(364	)		36
			$	12,070	$	(5,223	)	$	6,847

Amortization expense for intangibles was $194,000 and $208,000 for the three-month periods ended December 31, 2022 and January 1, 2022, respectively. Amortization expense for the next five years is $562,000 in 2023, $750,000 in 2024, $743,000 in 2025, $752,000 in 2026, $480,000 in 2027 and $3.4 million thereafter.