Goodwill, Other Intangible Assets and Other Assets

3 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Other Intangible Assets and Other Assets

Goodwill and Other Intangible Assets

The following table summarizes the activity in the carrying amount of goodwill for the three months ended March 28, 2020 (in thousands):

Balance as of December 28, 2019	$	118,732
Effect of foreign currency translation	(355		)
Balance as of March 28, 2020	$	118,377

Intangible assets consisted of the following (in thousands):

	March 28, 2020						December 28, 2019
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Completed technology	$	28,100	$	24,890	$	3,210	$	28,100	$	24,605	$	3,495
Tradename	100		100		—		100		100		—
Customer relationships	11,064		2,529		8,535		11,095		2,302		8,793
Reacquired distribution rights	31,549		31,549		—		31,680		31,680		—
Non-competition agreements	254		212		42		256		192		64
Total	$	71,067	$	59,280	$	11,787	$	71,231	$	58,879	$	12,352

Amortization expense related to acquired intangible assets was $0.5 million and $3.3 million for the three months ended March 28, 2020 and March 30, 2019, respectively.

The estimated future amortization expense related to current intangible assets in each of the five succeeding fiscal years is expected to be as follows (in thousands):

	Cost of Revenue		Operating Expenses		Total
Remainder of 2020	$	855	$	743	$	1,598
2021	1,140		779		1,919
2022	915		779		1,694
2023	240		779		1,019
2024	60		779		839
Thereafter	—		4,718		4,718
Total	$	3,210	$	8,577	$	11,787