Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.5.0.2
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Oct. 01, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill

A summary of changes in goodwill at October 1, 2016 is as follows:

 

Balance at January 2, 2016

 

$

4,988

 

Acquisitions

 

 

-

 

Currency translation

 

 

(76

)

Balance at October 1, 2016

 

$

4,912

 

 
Schedule of intangible assets

At October 1, 2016 and January 2, 2016, intangible assets consisted of the following:

 

 

 

October 1, 2016

 

 

January 2,  2016

 

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Definite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name

 

$

774

 

 

$

(397

)

 

$

377

 

 

$

774

 

 

$

(340

)

 

$

434

 

Non-compete Agreement

 

 

11

 

 

 

(11

)

 

 

-

 

 

 

11

 

 

 

(11

)

 

 

-

 

Technology

 

 

935

 

 

 

(427

)

 

 

508

 

 

 

935

 

 

 

(304

)

 

 

631

 

Customer Relationships

 

 

1,751

 

 

 

(433

)

 

 

1,318

 

 

 

1,751

 

 

 

(363

)

 

 

1,388

 

Licensing Agreement

 

 

3,350

 

 

 

(315

)

 

 

3,035

 

 

 

2,500

 

 

 

(140

)

 

 

2,360

 

 

 

$

6,821

 

 

$

(1,583

)

 

$

5,238

 

 

$

5,971

 

 

$

(1,158

)

 

$

4,813

 

 
Schedule of estimated amortization expense

Total estimated amortization expense for the years 2017 through 2021 is presented below. The remaining amortization for 2016 is approximately $114.

 

Year:

 

 

 

 

2017

 

 

486

 

2018

 

 

486

 

2019

 

 

486

 

2020

 

 

486

 

2021

 

 

486

 

Total

 

$

2,430