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Intangible Assets (Tables)
9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The following table summarizes acquired intangible assets as follows:
September 28, 2024December 31, 2023
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents11 years$2,146 $2,146 $2,146 $2,146 
Non-compete Agreement4 years11,082 11,082 11,082 11,072 
Trade Names10 years11,435 10,257 11,426 9,973 
Completed and Unpatented Technology9 years47,911 41,710 47,896 38,961 
Customer Relationships15 years142,236 93,913 142,208 87,186 
Total Intangible Assets13 years$214,810 $159,108 $214,758 $149,338 
Schedule of Amortization Expense for Acquired Intangibles
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
Nine Months EndedThree Months Ended
(In thousands)
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Amortization Expense
$9,728 $10,577 $3,189 $3,381 
Schedule of Amortization Expense for Intangible Assets for Each of Next Five Years
Amortization expense for acquired intangible assets expected for 2024 and for each of the next five years is summarized as follows:
(In thousands)
2024$12,868 
2025$10,935 
2026$9,533 
2027$7,825 
2028$7,037 
2029$5,664