Note 8 - Intangible Assets

6 Months Ended

Jul. 01, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 8 - Intangible Assets

In connection with our acquisition of Mirametrix, Inc. in November 2021, we recorded identifiable intangible assets during fiscal year 2021. On our Consolidated Balance Sheets at July 1, 2023 and December 31, 2022, Intangible assets, net are shown net of accumulated amortization of $142.6 million and $140.3 million, respectively. In prior years, we entered into license agreements for third-party technology 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				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
(In thousands)	2023		2022		2023		2022
Research and development	$	271	$	262	$	541	$	525
Amortization of acquired intangible assets		869		870		1,739		2,039
	$	1,140	$	1,132	$	2,280	$	2,564