Note 7 - Intangible Assets

12 Months Ended

Oct. 03, 2020

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)	Weighted- Average Useful Life (Years)		Gross		Accumulated Amortization			Net Book Value
As of October 3, 2020:
Customer relationships		17.1	$	9,870	$	(2,837	)	$	7,033
Developed technology and know-how		20.0		1,800		(551	)		1,249
Non-competition agreements		5.0		1,860		(1,663	)		197
Trade name		2.7		250		(162	)		88
			$	13,780	$	(5,213	)	$	8,567
As of September 28, 2019:
Customer relationships		16.9	$	9,070	$	(2,207	)	$	6,863
Developed technology and know-how		20.0		1,800		(461	)		1,339
Non-competition agreements		5.0		1,800		(1,466	)		334
Trade name		4.0		140		(66	)		74
			$	12,810	$	(4,200	)	$	8,610

Amortization expense for intangibles was $1.0 million in 2020, $1.1 million in 2019 and $1.3 million in 2018. Amortization expense for the next five years, assuming no change in the estimated useful lives of identified intangible assets, is $910,000 in 2021, $822,000 in 2022, $757,000 in 2023, $751,000 in 2024 and $744,000 in 2025.