Note 8 - Intangible Assets

3 Months Ended

Apr. 03, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

On our Consolidated Balance Sheets at April 3, 2021 and January 2, 2021, Intangible assets, net are shown net of accumulated amortization of $132.8 million and $132.0 million, respectively. During the first quarter of fiscal 2021, we entered into license agreements for third-party technology totaling approximately $1.8 million and have recorded them as intangible assets. These licenses are being amortized to Research and development expense over their estimated useful lives.

We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table:

	Three Months Ended
	April 3,		March 28,
(In thousands)	2021		2020
Research and development	$	198	$	14
Amortization of acquired intangible assets		603		2,640
	$	801	$	2,654