Acquired Intangible Assets and Goodwill

12 Months Ended

Dec. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5 — Acquired Intangible Assets and Goodwill

The carrying basis and accumulated amortization of recognized intangible assets are summarized in the following table:

	2018				2017
In Thousands	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents		24,515		23,506	$	24,515	$	23,322
Non-compete agreements		2,749		2,625		2,749		2,545
Customer list		13,963		4,520		13,913		3,403
Trademarks		8,181		124		7,905		121
Developed technology		475		16		—		—
License agreements		700		7		—		—
		50,583		30,798	$	49,082	$	29,391

Amortization expense was $1.4 million, $1.6 million and $2.3 million for 2018, 2017 and 2016, respectively.

Estimated future amortization expense is summarized in the following table:

In Thousands	2019		2020		2021		2022		2023		Thereafter
Sporting Goods		1,446		1,401		1,351		1,332		1,254		5,217

All goodwill is allocated to the operating segment of the business. The changes in the carrying amount of goodwill were:

In Thousands	Sporting Goods
Balance at December 31, 2016	$	21,456
Acquisition		92
Balance at December 30, 2017	$	21,548
Acquisition		4,833
Balance at December 29, 2018	$	26,381

The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350, Intangibles – Goodwill and Other. A qualitative assessment is first performed to determine if the fair value of the reporting unit is "more likely than not" less than the carrying value. If so, we proceed to step one of the two-step goodwill impairment test, in which the fair value of the reporting unit is compared to its carrying value. If not, then performance of the second step of the goodwill impairment test is not necessary. If the carrying value of goodwill exceeds the implied estimated fair value calculated in the second step, an impairment charge to current operations is recorded to reduce the carrying value to the implied estimated fair value.