Intangible Assets

12 Months Ended

Dec. 28, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

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 December 28, 2013 and December 29, 2012:



In thousands	December 28, 2013			December 29, 2012
Technology	$	41,029		$	31,900
Customer relationships	86,155			16,869
Loan acquisition costs	30,067			19,472
Other	6,929			446
Total gross finite-lived intangible assets	164,180			68,687
Accumulated amortization	(26,515		)	(16,524		)
Total net finite-lived intangible assets	137,665			52,163
Tradenames (indefinite-lived)	30,514			23,500
Total	$	168,179		$	75,663

As of December 28, 2013, the Company had recorded intangible assets of $168.2 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 over the term of the loans to which such costs relate.

As a result of the acquisition of Fiberweb, the Company preliminarily allocated $83.0 million to finite-lived intangible assets, including $69.0 million associated with a customer list and $9.0 million associated with technology. The intangible assets each had a useful life of 15 years. In addition, the Company allocated $2.0 million to an indefinite-lived intangible assets. See Note 4 for additional information regarding the Acquisition.

The following table presents amortization of the Company's intangible assets for the following periods:



	Successor						Predecessor
In thousands	Fiscal Year Ended December 28, 2013		Fiscal Year Ended December 29, 2012		Eleven Months Ended December 31, 2011		One Month Ended January 28, 2011
Intangible assets	$	7,318	$	5,906	$	5,485	$	66
Loan acquisition costs	2,623		2,665		2,530		51
Total	$	9,941	$	8,571	$	8,015	$	117

Estimated amortization expense on existing intangible assets for each of the next five years is expected to approximate $17 million in 2014, $15 million in 2015, $15 million in 2016, $15 million in 2017 and $15 million in 2018.