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Intangible Assets
6 Months Ended
Jun. 29, 2014
Intangible Assets

K. Intangible Assets

Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheet:

 

     June 29, 2014  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Carrying
Amount
     Weighted
Average
Useful Life
 
     (in thousands)  

Developed technology

   $ 342,933       $ 200,154       $ 142,779         6.2 years   

Customer relationships

     141,497         86,145         55,352         8.0 years   

Trade names and trademarks

     30,034         12,417         17,617         9.1 years   

Customer backlog

     1,000         1,000         —           0.4 years   
  

 

 

    

 

 

    

 

 

    

Total intangible assets

   $ 515,464       $ 299,716       $ 215,748         6.9 years   
  

 

 

    

 

 

    

 

 

    

 

     December 31, 2013  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Carrying
Amount
     Weighted
Average
Useful Life
 
     (in thousands)  

Developed technology

   $ 342,933       $ 174,563       $ 168,370         6.2 years   

Customer relationships

     141,497         76,963         64,534         8.0 years   

Trade names and trademarks

     30,034         10,647         19,387         9.1 years   

Customer backlog

     1,000         1,000         —          0.4 years   
  

 

 

    

 

 

    

 

 

    

Total intangible assets

   $ 515,464       $ 263,173       $ 252,291         6.9 years   
  

 

 

    

 

 

    

 

 

    

 

Aggregate intangible asset amortization expense was $18.3 million and $36.5 million, respectively, for the three and six months ended June 29, 2014 and $18.1 million and $36.1 million, respectively, for the three and six months ended June 30, 2013. Estimated intangible asset amortization expense for each of the five succeeding fiscal years is as follows:

 

Year

   Amortization Expense  
     (in thousands)  

2014 (remainder)

   $ 33,598   

2015

     53,391   

2016

     53,391   

2017

     47,232   

2018

     22,691