Goodwill, Other Intangible Assets and Other Assets

9 Months Ended

Sep. 26, 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 nine months ended September 26, 2020 (in thousands):

Balance as of December 28, 2019	$	118,732
Effect of foreign currency translation	3,843
Balance as of September 26, 2020	$	122,575

Intangible assets consisted of the following (in thousands):

	September 26, 2020						December 28, 2019
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Completed technology	$	28,100	$	26,300	$	1,800	$	28,100	$	24,605	$	3,495
Tradename	100		100		—		100		100		—
Customer relationships	11,436		3,090		8,346		11,095		2,302		8,793
Reacquired distribution rights	33,100		33,100		—		31,680		31,680		—
Non-competition agreements	268		268		—		256		192		64
Total	$	73,004	$	62,858	$	10,146	$	71,231	$	58,879	$	12,352

Amortization expense related to acquired intangible assets was $0.5 million and $3.4 million for the three months ended September 26, 2020 and September 28, 2019, respectively. Amortization expense related to acquired intangible assets was $2.5 million and $10.1 million for the nine months ended September 26, 2020 and September 28, 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	$	225	$	242	$	467
2021	900		804		1,704
2022	675		804		1,479
2023	—		804		804
2024	—		804		804
Thereafter	—		4,888		4,888
Total	$	1,800	$	8,346	$	10,146