AMORTIZABLE INTANGIBLE ASSETS

9 Months Ended

Oct. 03, 2015

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

9.Identifiable amortizable intangible assets as of October 3, 2015 include a restrictive land covenant and customer relationships. At October 3, 2015, these assets were collectively carried at $32,000, net of $688,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended October 3, 2015 was $11,000 compared to $13,000 for the quarter ended September 27, 2014, and was $34,000 for the nine months ended October 3, 2015 as compared to $39,000 for the nine months ended September 27, 2014.

Based upon the intangible assets recorded on the balance sheet at October 3, 2015, amortization expense for the next five years is estimated to be as follows: 2015 — $45,000; 2016 — $21,000 and zero thereafter.