Goodwill and Intangible Assets, Net

9 Months Ended

Oct. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill and Indefinite-lived Intangible Assets

Goodwill was $64 million at October 2, 2021 and January 2, 2021. Indefinite-lived trade name/trademarks totaled $1.4 million at October 2, 2021 and January 2, 2021.

Definite-lived Intangible Assets

The gross carrying amount of our developed technologies was $19 million at October 2, 2021 and January 2, 2021. Accumulated amortization was $15 million and $13 million at October 2, 2021 and January 2, 2021, respectively. Amortization expense for the three months ended October 2, 2021 and September 26, 2020, was $0.5 million and $0.6 million, respectively. Amortization expense for the nine months ended October 2, 2021 and September 26, 2020, was $1.6 million and $1.7 million, respectively.

The gross carrying amount of our patents, which were acquired in June 2020, was $2.0 million at both October 2, 2021 and January 2, 2021. Accumulated amortization was $0.3 million and $0.1 million at October 2, 2021 and January 2, 2021, respectively. Amortization expense for the three and nine months ended October 2, 2021 was $55 thousand and $0.2 million, respectively. Amortization expense for the three and nine months ended September 26, 2020 was $55 thousand.

Annual amortization for definite-lived intangible assets for subsequent years are as follows (in thousands):

2021 (excluding the nine months ended October 2, 2021)	$	600
2022	2,403
2023	1,431
2024	222
2025	226
2026	222
Thereafter	522
Total future amortization for definite-lived intangible assets	$	5,626