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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 30, 2024
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):

 

 

March 30, 2024

 

 

 

 

December 30, 2023

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Useful Lives
Remaining

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Customer relations

 

$

340

 

 

$

267

 

 

$

73

 

 

3.27 Years

 

$

340

 

 

$

260

 

 

$

80

 

Developed technology

 

 

1,899

 

 

 

611

 

 

 

1,288

 

 

4.88 Years

 

 

1,899

 

 

 

543

 

 

 

1,356

 

Trade names

 

 

300

 

 

 

103

 

 

 

197

 

 

5.92 Years

 

 

300

 

 

 

94

 

 

 

206

 

Patents

 

 

600

 

 

 

600

 

 

 

 

 

Varies

 

 

600

 

 

 

600

 

 

 

 

 

 

$

3,139

 

 

$

1,581

 

 

$

1,558

 

 

 

 

$

3,139

 

 

$

1,497

 

 

$

1,642

 

 

Estimated Future Amortization Expense for Purchased Intangible Assets Estimated future amortization expense for purchased intangible assets is as follows (in thousands):

 

Fiscal Year:

 

 

 

Remainder of 2024 (nine months)

 

$

251

 

2025

 

 

323

 

2026

 

 

319

 

2027

 

 

319

 

2028

 

 

200

 

Thereafter

 

 

146

 

Total

 

$

1,558