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Goodwill and Purchased Intangible Assets (Tables)
9 Months Ended
Sep. 23, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Indefinite Lived Intangible Assets

Details of goodwill and other intangible assets were as follows (in thousands):

 

 

 

September 23, 2016

 

 

December 25, 2015

 

 

 

 

 

 

 

Intangible

 

 

 

 

 

 

 

 

 

 

Intangible

 

 

 

 

 

 

 

Goodwill

 

 

Assets

 

 

Total

 

 

Goodwill

 

 

Assets

 

 

Total

 

Carrying amount

 

$

85,248

 

 

$

38,464

 

 

$

123,712

 

 

$

85,248

 

 

$

42,782

 

 

$

128,030

 

 

Details of Purchased Intangible Assets

Details of purchased intangible assets were as follows (in thousands):

 

 

As of September 23, 2016

 

 

As of December 25, 2015

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Useful

 

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Life

 

AIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

19,000

 

 

$

(16,618

)

 

$

2,382

 

 

$

19,000

 

 

$

(15,298

)

 

$

3,702

 

 

 

7

 

Tradename

 

 

1,900

 

 

 

(1,900

)

 

 

 

 

 

1,900

 

 

 

(1,900

)

 

 

 

 

 

6

 

Intellectual property/know-how

 

 

1,600

 

 

 

(971

)

 

 

629

 

 

 

1,600

 

 

 

(800

)

 

 

800

 

 

 

7

 

Marchi

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

9,900

 

 

 

(1,650

)

 

 

8,250

 

 

 

9,900

 

 

 

(907

)

 

 

8,993

 

 

 

10

 

Tradename

 

 

1,170

 

 

 

(387

)

 

 

783

 

 

 

1,170

 

 

 

(217

)

 

 

953

 

 

 

6

 

Intellectual property/know-how

 

 

12,300

 

 

 

(2,298

)

 

 

10,002

 

 

 

12,300

 

 

 

(1,264

)

 

 

11,036

 

 

8-12

 

Miconex

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

8,800

 

 

 

(1,369

)

 

 

7,431

 

 

 

8,800

 

 

 

(489

)

 

 

8,311

 

 

 

7.5

 

UCT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

8,987

 

 

 

 

 

 

8,987

 

 

 

8,987

 

 

 

 

 

 

8,987

 

 

*

 

Total

 

$

63,657

 

 

$

(25,193

)

 

$

38,464

 

 

$

63,657

 

 

$

(20,875

)

 

$

42,782

 

 

 

 

 

 

*

The Company concluded that the UCT tradename intangible asset life is indefinite and is therefore not amortized but is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

Future Estimated Amortization Expense

As of September 23, 2016, future estimated amortization expense is expected to be as follows (in thousands):

 

 

 

Amortization

 

 

 

Expense

 

2016 (remaining in year)

 

$

1,439

 

2017

 

 

4,924

 

2018

 

 

4,582

 

2019

 

 

4,210

 

2020

 

 

3,682

 

Thereafter

 

 

10,640

 

Total

 

$

29,477