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Intangible Assets
9 Months Ended
Sep. 28, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. All other intangible assets with finite useful lives are being amortized on a straight-line basis over their estimated useful lives.
The following table sets forth the gross amount and accumulated amortization of the Company's intangible assets at September 28, 2013 and December 29, 2012:
In thousands
September 28,
2013
 
December 29, 2012
Technology
$
31,900

 
$
31,900

Customer relationships
17,051

 
16,869

Loan acquisition costs
19,472

 
19,472

Other
8,010

 
446

Total gross finite-lived intangible assets
76,433

 
68,687

Accumulated amortization
(23,233
)
 
(16,524
)
Total net finite-lived intangible assets
53,200

 
52,163

Tradenames (indefinite-lived)
23,500

 
23,500

Total
$
76,700

 
$
75,663


As of September 28, 2013, the Company had recorded intangible assets of $76.7 million. Included in this amount are loan acquisition costs incurred in association with the Merger. These expenditures represent the cost of obtaining financings that are capitalized in the balance sheet and amortized to Interest expense over the term of the loans to which such costs relate.
The following table presents amortization of the Company's intangible assets for the following periods:
In thousands
Three Months
Ended
September 28,
2013
 
Three Months
Ended
September 29,
2012
 
Nine Months
Ended
September 28,
2013
 
Nine Months
Ended
September 29,
2012
Intangible assets
$
1,677

 
$
1,486

 
$
4,910

 
$
4,415

Loan acquisition costs
607

 
686

 
1,821

 
2,056

Total amortization
$
2,284

 
$
2,172

 
$
6,731

 
$
6,471


Estimated amortization expense on existing intangible assets for each of the next five years, including fiscal year 2013, is expected to approximate $8 million in 2013, $7 million in 2014, $7 million in 2015, $7 million in 2016 and $7 million in 2017.