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Intangible Assets
9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table summarizes acquired intangible assets as follows:
September 28, 2024December 31, 2023
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents11 years$2,146 $2,146 $2,146 $2,146 
Non-compete Agreement4 years11,082 11,082 11,082 11,072 
Trade Names10 years11,435 10,257 11,426 9,973 
Completed and Unpatented Technology9 years47,911 41,710 47,896 38,961 
Customer Relationships15 years142,236 93,913 142,208 87,186 
Total Intangible Assets13 years$214,810 $159,108 $214,758 $149,338 
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
Nine Months EndedThree Months Ended
(In thousands)
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Amortization Expense
$9,728 $10,577 $3,189 $3,381 
Amortization expense for acquired intangible assets expected for 2024 and for each of the next five years is summarized as follows:
(In thousands)
2024$12,868 
2025$10,935 
2026$9,533 
2027$7,825 
2028$7,037 
2029$5,664