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Purchased Intangible Assets
 3 Months Ended
Mar. 30, 2018
Vencore Holding Corp. and KGS Holding Corp.  
Finite-Lived Intangible Assets [Line Items]  
Purchased Intangible Assets
Purchased Intangible Assets

Intangible assets consisted of the following (in thousands):
 
As of December 31, 2016
 
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Contracts/Customer relationships
$
357,840

$
(123,305
)
$
234,535

Backlog
25,300

(4,118
)
21,182

Technology
24,900

(21,107
)
3,793

Favorable leasehold interest
372

(179
)
193

PhaseOne trademark
300

(290
)
10

 
$
408,712

$
(148,999
)
$
259,713


 
As of December 31, 2017
 
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Contracts / customer relationships
$
357,840

$
(137,573
)
$
220,267

Backlog
25,300

(5,698
)
19,602

Technology
24,900

(24,235
)
665

PhaseOne trademark
300

(300
)
—

 
$
408,340

$
(167,806
)
$
240,534


 
As of March 30, 2018
(Unaudited)
 
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Contracts/Customer relationships
$
357,840

$
(141,078
)
$
216,762

Backlog
25,300

(6,094
)
19,206

Technology
24,900

(24,275
)
625

PhaseOne trademark
300

(300
)
—

 
$
408,340

$
(171,747
)
$
236,593



The customer relationship (customer contract) intangible asset represents the fair value of future projected cash flows that are expected to be derived from sales of services to existing customers. The asset is primarily amortized over a period ranging from 8 to 24 years. The weighted average period of amortization for customer contracts and related customer relationships as of March 30, 2018 was 24 years, and the weighted‑average remaining period of amortization was 17 years.

Backlog represents acquired backlog resulting from business combinations and includes the funded economic value of predominantly long‑term contracts, less the amount of revenue already recognized on those contracts. The asset is being amortized over a period of 16 years and the remaining period is 12 years.

The technology intangible asset represents a suite of technological capabilities and offerings that have been acquired throughout prior years in conjunction with business combinations and are used by customers in support of their missions. Technology is amortized straight‑line over its estimated useful life of between 7 to 10 years. The weighted average period of amortization for acquired technologies as of March 30, 2018 was 7 years, and the weighted-average remaining period of amortization was 4 years.

Favorable leasehold interests with gross carrying value of $0.4 million represent the step up evaluation of QNA SSG leases booked related to the acquisition. This asset was fully amortized and written off in 2017.

PhaseOne trademark is a renewable intangible asset that was amortized on a straight‑line basis over five years.

Amortization expense for the years ended December 31, 2015, 2016 and 2017 was $25.5 million, $24.0 million and $19.2 million, respectively. Amortization expense for the three months ended March 31, 2017 and March 30, 2018 was $4.9 million and $3.9 million, respectively. We estimate that we will have the following amortization expense for the future periods indicated below as of March 30, 2018 (in thousands):
2018
$
11,820

2019
14,985

2020
14,985

2021
14,985

2022
14,852

Thereafter
164,966

Total intangible assets, net
$
236,593