Note 8 - Intangible Assets

6 Months Ended

Jun. 29, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 8 - Intangible Assets

In connection with our past acquisitions, we have recorded identifiable intangible assets. On our Consolidated Balance Sheets at June 29, 2024 and December 30, 2023, Intangible assets, net are shown net of accumulated amortization of $147.1 million and $144.9 million, respectively. Additionally, we enter into license agreements for third-party technology and record them as intangible assets. These licenses are being amortized to Research and development expense over their estimated useful lives.

We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table:

	Three Months Ended				Six Months Ended
	June 29,		July 1,		June 29,		July 1,
(In thousands)	2024		2023		2024		2023
Research and development	$	247	$	271	$	513	$	541
Amortization of acquired intangible assets		869		869		1,739		1,739
	$	1,116	$	1,140	$	2,252	$	2,280