INTANGIBLE ASSETS

6 Months Ended

Jul. 03, 2011

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6—INTANGIBLE ASSETS

        Intangible assets consist of the following (in millions):

		July 3, 2011
		Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets		Weighted Average Life (In Years)
Non-amortizable intangibles
	Trade name	$	11.4	$	—	$	11.4
Amortizable intangibles
	Product technology		5.9		1.7		4.2		7
	Customer relationships		6.0		4.0		2.0		7
	Other		6.4		5.2		1.2		17
Subtotal			18.3		10.9		7.4		11
Total		$	29.7	$	10.9	$	18.8

		January 2, 2011
		Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets		Weighted Average Life (In Years)
Non-amortizable intangibles
	Trade name	$	11.4	$	—	$	11.4
Amortizable intangibles
	Product technology		8.0		4.2		3.8		10
	Customer relationships		5.5		3.3		2.2		7
	Other		6.4		5.0		1.4		17
Subtotal			19.9		12.5		7.4		12
Total		$	31.3	$	12.5	$	18.8

        In accordance with ASC 350, "Intangibles—Goodwill and Other," the Company reviews its indefinite lived intangible assets for impairment annually at the end of each fiscal August, or more often if events or circumstances indicate that impairment may have occurred. In addition to the testing above, which is done on an annual basis, management considers whether certain impairment indicators are present in assessing whether the carrying value of its indefinite lived intangible assets may be impaired.

        Total amortization expense for each of the six months ended July 3, 2011 and July 4, 2010 was $1.1 million and $0.9 million, respectively. Of the $1.1 million of expense recorded during the six months ended July 3, 2011, $0.9 million was recorded as amortization of intangibles and $0.2 million recorded as cost of goods sold. Of the $0.9 million of expense recorded during the six months ended July 4, 2010, $0.7 million was recorded as amortization of intangibles and $0.2 million recorded as cost of goods sold. Total amortization expense for each three months ended July 3, 2011 and July 4, 2010 was $0.5 million. Of the $0.5 million of expense recorded during each of the three months ended July 3, 2011 and July 4, 2010, $0.4 million was recorded as amortization of intangibles and $0.1 million recorded as cost of goods sold.

        Estimated amortization expense related to amortizable intangibles for 2011 through 2015 is as follows (in millions):

Year Ending December 31,	Amortization Expense
2011 (six months)	$	1.1
2012		2.0
2013		1.9
2014		1.2
2015 and thereafter		1.2
Total	$	7.4