XML 60 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Other Assets Intangible Assets (Tables)
 3 Months Ended
Apr. 02, 2020
Finite-Lived Intangible Assets [Line Items]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Intangible assets are summarized as follows:
 
April 2,
2020
 
December 31,
2019
Intangible assets
 

 
 

Patents
$
2.0

 
$
2.0

Favorable leasehold interests
2.8

 
2.8

Developed technology asset(1)
30.0

 
—

Total intangible assets
34.8

 
4.8

Less: Accumulated amortization - patents
(2.0
)
 
(1.9
)
    Accumulated amortization - favorable leasehold interest
(1.7
)
 
(1.7
)
         Accumulated amortization - developed technology asset
(0.5
)
 
—

Intangible assets, net
30.6

 
1.2


(1) The acquisition of FMI on January 10, 2020 resulted in the establishment of a $30.0 intangible asset for developed technology as of April 2, 2020. Management used its best judgment to assess the potential impact of COVID-19 pandemic on the valuation of this intangible asset.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The amortization for each of the five succeeding years relating to intangible assets currently recorded in the condensed consolidated balance sheet and the weighted average amortization is estimated to be the following as of April 2, 2020:
Year
Patents
Favorable leasehold interest
Developed Technology
Total
remaining in 2020
—

0.1

1.5

1.6

2021
—

0.1

2.0

2.1

2022
—

0.1

2.0

2.1

2023
—

0.1

2.0

2.1

2024
—

0.1

2.0

2.1

2025
—

0.1

2.0

2.1

 
 
 
 
 
Weighted average amortization period
—

9.5

15.0

14.8