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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Components of Gross and Net Intangible Asset

The following table summarizes the components of gross and net of intangible assets carrying amounts (in thousands):

 

 

 

July 2, 2022

 

 

 

 

January 1, 2022

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Remaining
Amortization Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer relationships

 

$

340

 

 

$

215

 

 

$

125

 

 

4.64 Years

 

$

340

 

 

$

200

 

 

$

140

 

Developed technology

 

 

900

 

 

 

171

 

 

 

729

 

 

5.67 Years

 

 

900

 

 

 

107

 

 

 

793

 

Trade names

 

 

300

 

 

 

45

 

 

 

255

 

 

7.67 Years

 

 

300

 

 

 

28

 

 

 

272

 

In-process R&D

 

 

1,000

 

 

 

 

 

 

1,000

 

 

Not applicable

 

 

1,000

 

 

 

-

 

 

 

1,000

 

Patents

 

 

600

 

 

 

600

 

 

 

-

 

 

None

 

 

600

 

 

 

600

 

 

 

-

 

 

 

$

3,140

 

 

$

1,031

 

 

$

2,109

 

 

 

 

$

3,140

 

 

$

935

 

 

$

2,205

 

Future Estimated Amortization Expense Future estimated amortization expense excluding in-process R&D (in thousands):

Fiscal Year:

 

 

 

2022 (six months)

 

$

96

 

2023

 

 

192

 

2024

 

 

192

 

2025

 

 

180

 

2026

 

 

176

 

Thereafter

 

 

273

 

Total

 

$

1,109