Goodwill and Intangible Assets, Net

6 Months Ended

Jul. 02, 2022

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 July 2, 2022 and January 1, 2022. Indefinite-lived trade name/trademarks totaled $1.4 million at July 2, 2022 and January 1, 2022.

Definite-lived Intangible Assets

The gross carrying amount of our developed technologies was $19 million at July 2, 2022 and January 1, 2022. Accumulated amortization was $17 million and $16 million at July 2, 2022 and January 1, 2022. Amortization expense for both the three months ended July 2, 2022 and July 3, 2021, was $0.5 million. Amortization expense for both the six months ended July 2, 2022 and July 3, 2021, was $1.1 million.

The gross carrying amount of our patents was $2 million at July 2, 2022 and January 1, 2022. Accumulated amortization was $0.5 million and $0.3 million at July 2, 2022 and January 1, 2022, respectively. Amortization expense for both the three months ended July 2, 2022 and July 3, 2021, was $55 thousand. Amortization expense for both the six months ended July 2, 2022 and July 3, 2021, was $0.1 million.

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

2022 (excluding the six months ended July 2, 2022)	$	1,201
2023	1,431
2024	222
2025	226
2026	222
2027	222
Thereafter	300
Total future amortization for definite-lived intangible assets	$	3,824