Software and Other Intangible Assets

8 Months Ended

Sep. 12, 2015

Intangible Assets Disclosure [Abstract]

SOFTWARE AND OTHER INTANGIBLE ASSETS

Following is a summary of software and other intangible assets (in thousands):



	September 12, 2015						January 3, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer & supplier relationships^(a)	$	20,332	$	2,799	$	17,533	$	20,361	$	2,007	$	18,354
Software	5,089		3,279		1,810		5,199		3,074		2,125
Non-compete agreements^(a)	2,936		1,562		1,374		2,973		1,221		1,752
Patents, formulae, and licenses^(a)	1,769		490		1,279		1,829		443		1,386
Other ^(a)	1,116		1,074		42		1,406		248		1,158
Total software and intangible assets	$	31,242	$	9,204	$	22,038	$	31,768	$	6,993	$	24,775

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^(a) Numbers include preliminary fair values of assets acquired in the acquisition described in Note 3 that may be adjusted as additional information becomes known.

Amortization expense was $0.7 million for the third quarter ended September 12, 2015 and $0.5 million for third quarter ended September 6, 2014. Amortization expense was $1.9 million for the first three quarters ended September 12, 2015 and $1.4 million for first three quarters ended September 6, 2014. The weighted average useful lives of software; customer & supplier relationships; patents, formulae, and licenses; non-compete agreements, and other intangibles were 10 years, 11 years, 15 years, 5 years, and 7 years, respectively.

The expected amortization expense for the remainder of fiscal 2015 and for fiscal years 2016, 2017, 2018, and 2019 is $0.7 million, $3.1 million, $2.8 million, $2.5 million, and $2.2 million, respectively. The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, disposal of intangible assets, accelerated amortization of intangible assets, and other events.