Intangible Assets

6 Months Ended

Jul. 04, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets:

In connection with our acquisitions of Silicon Image in March 2015 and SiliconBlue in December 2011 we recorded identifiable intangible assets related to developed technology, customer relationships, licensed technology, patents, and in-process research and development based on guidance for determining fair value under the provisions of ASC 820. The following table summarizes the details of our total purchased intangible assets:



(In thousands)	Weighted Average Amortization Period (in years)	Gross		Accumulated Amortization			Intangible assets, net of amortization July 4, 2015
Developed technology	4.7	$	135,700	$	(14,105	)	$	121,595
Customer relationships	5.5	37,258		(6,740		)	30,518
Licensed technology	2.5	1,852		(236		)	1,616
Patents	5	769		(49		)	720
Total identified finite-lived intangible assets		175,579		(21,130		)	154,449
In-process research and development	indefinite	35,000		—			35,000
Total identified intangible assets		$	210,579	$	(21,130	)	$	189,449

We recorded amortization expense on the Consolidated Statements of Operations as follows:



	Three Months Ended				Six Months Ended
(In thousands)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Research and development	$	223	$	—	$	284	$	—
Amortization of acquired intangible assets	8,941		737		11,883		1,474
	$	9,164	$	737	$	12,167	$	1,474

The annual expected amortization expense of acquired intangible assets with finite lives is as follows:



(In thousands)	Amount
2015 (remaining 6 months)	$	18,378
2016	36,452
2017	35,635
2018	29,752
Thereafter	34,283
Total	$	154,500