v3.25.2
Intangible Assets
6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table summarizes acquired intangible assets as follows:
June 28, 2025December 31, 2024
(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 11,082 
Trade Names10 years11,473 10,448 11,380 10,351 
Completed and Unpatented Technology9 years47,977 44,154 47,818 42,617 
Customer Relationships15 years142,357 100,518 142,065 95,818 
Total Intangible Assets13 years$215,035 $168,348 $214,491 $162,014 
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
Six Months EndedThree Months Ended
(In thousands)
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Amortization Expense
$5,920 $6,539 $2,945 $3,269 
Amortization expense for acquired intangible assets expected for 2025 and for each of the next five years is summarized as follows:
(In thousands)
2025$10,944 
2026$9,533 
2027$7,825 
2028$7,037 
2029$5,664 
2030$3,583