| Intangible Assets |
7. INTANGIBLE
ASSETS
Intangible
assets include an indefinite-lived trade name with a carrying value
of $3.4 million and the following amortizable intangible assets (in
thousands):
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Total |
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Acquired
Technology |
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Customer
Relationships |
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As of December 28,
2012:
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Intangible
assets
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$ |
26,154 |
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|
$ |
13,754 |
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$ |
12,400 |
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Less accumulated
amortization
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|
(11,567 |
) |
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|
(6,832 |
) |
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|
(4,735 |
) |
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Intangible
assets—net
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$ |
14,587 |
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|
$ |
6,922 |
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|
$ |
7,665 |
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As of September 28,
2012:
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Intangible
assets
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|
$ |
26,154 |
|
|
$ |
13,754 |
|
|
$ |
12,400 |
|
|
Less accumulated
amortization
|
|
|
(10,778 |
) |
|
|
(6,358 |
) |
|
|
(4,420 |
) |
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Intangible
assets—net
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$ |
15,376 |
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$ |
7,396 |
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$ |
7,980 |
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Amortization
expense related to the Company’s amortized intangible assets
is as follows (in thousands):
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Three Months Ended |
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|
December 28,
2012 |
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|
December 30,
2011 |
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Cost of revenue
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|
$ |
474 |
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|
$ |
382 |
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Selling, general and
administrative
|
|
|
315 |
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|
258 |
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Total
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$ |
789 |
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$ |
640 |
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Estimated
amortization of the intangible assets in future fiscal years as of
December 28, 2012 (in thousands):
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2013 (rest of fiscal
year)
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|
$ |
2,366 |
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2014
|
|
|
3,155 |
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2015
|
|
|
3,155 |
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2016
|
|
|
2,391 |
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2017
|
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|
1,627 |
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Thereafter
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|
1,893 |
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Total
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$ |
14,587 |
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