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Definite-lived Intangibles
12 Months Ended
Jan. 03, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Definite-lived Intangibles

(6)

Definite-lived Intangibles

As of January 3, 2022 and December 28, 2020, the components of definite-lived intangibles were as follows:

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted

Average

Amortization

Period

 

 

 

(In thousands)

 

 

(In years)

 

January 3, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

366,071

 

 

$

(154,461

)

 

$

211,610

 

 

 

11.3

 

Technology

 

 

47,650

 

 

 

(19,342

)

 

 

28,308

 

 

 

9.5

 

 

 

$

413,721

 

 

$

(173,803

)

 

$

239,918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 28, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

397,500

 

 

$

(150,142

)

 

$

247,358

 

 

 

10.9

 

Technology

 

 

47,650

 

 

 

(13,701

)

 

 

33,949

 

 

 

9.5

 

 

 

$

445,150

 

 

$

(163,843

)

 

$

281,307

 

 

 

 

 

Definite-lived intangibles are amortized using the straight-line method of amortization over the useful life. Amortization expense was $41,389, $44,373 and $50,598 for the years ended January 3, 2022, December 28, 2020 and December 30, 2019, respectively. For the years ended January 3, 2022, December 28, 2020 and December 30, 2019, $5,641, $5,535 and $4,822, respectively, of amortization expense is included in cost of goods sold.

Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows:

 

 

 

(In thousands)

 

2022

 

$

38,631

 

2023

 

 

36,699

 

2024

 

 

29,516

 

2025

 

 

25,397

 

2026

 

 

25,397

 

Thereafter

 

 

84,278

 

 

 

$

239,918