Intangible Assets

3 Months Ended

Sep. 27, 2015

Intangible Assets

Intangible Assets

NOTE 6 —Intangible Assets

The following table summarizes the Company’s intangible assets as follows (in thousands):

	As of September 27, 2015							As of June 30, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets:
Patents and tradenames	$	3,773	$	(587	)	$	3,186	$	3,773	$	(527	)	$	3,246
Customer relationships	24,077		(4,215		)	19,862		24,077		(3,613		)	20,464
Non-compete agreements and other	3,642		(1,093		)	2,549		3,642		(911		)	2,731
Total	$	31,492	$	(5,895	)	$	25,597	$	31,492	$	(5,051	)	$	26,441

Intangible assets are being amortized using the straight-line method over estimated useful lives ranging from five to fifteen years.  Amortization expense totaled $844 thousand and $842 thousand for identifiable intangible assets for the three months ended September 27, 2015 and September 28, 2014, respectively.  Patents and tradenames, customer relationships, and non-compete agreements and other are amortized over their weighted average useful life of approximately 13.5 years, 10.8 years, and 5.0 years, respectively.  Estimated future amortization expense for the next five years as of September 27, 2015, is as follows (in thousands):

Fiscal Years	Amount
2016 (1)	$	2,531
2017	3,375
2018	3,375
2019	3,191
2020	2,643
Thereafter	10,482
Total	$	25,597

(1) Represents estimated amortization for the nine month period ended June 30, 2016.