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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill by reportable segment was as follows (in thousands):
|  | Probe Cards |  | Systems |  | Total
Goodwill, as of December 31, 2022 |  | $ | 178,424 |  |  | $ | 33,020 |  |  | $ | 211,444 |
Reduction - FRT divestiture |  | — |  |  | (10,660) |  |  | (10,660) |
Foreign currency translation |  | — |  |  | 306 |  |  | 306 |
Goodwill, as of December 30, 2023 |  | 178,424 |  |  | 22,666 |  |  | 201,090 |
Reduction - China divestiture |  | (1,055) |  |  | (62) |  |  | (1,117) |
Foreign currency translation |  | — |  |  | 164 |  |  | 164 |
Goodwill, as of September 28, 2024 |  | $ | 177,369 |  |  | $ | 22,768 |  |  | $ | 200,137 |
We have not recorded goodwill impairments for the nine months ended September 28, 2024. Intangible assets were as follows (in thousands):
|  | September 28, 2024 |  | December 30, 2023
Intangible Assets |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Existing developed technologies |  | $ | 159,724 |  |  | $ | 149,923 |  |  | $ | 9,801 |  |  | $ | 159,593 |  |  | $ | 148,445 |  |  | $ | 11,148 |
Trade name |  | 7,823 |  |  | 7,776 |  |  | 47 |  |  | 7,808 |  |  | 7,728 |  |  | 80 |
Customer relationships |  | 48,060 |  |  | 47,291 |  |  | 769 |  |  | 48,022 |  |  | 46,712 |  |  | 1,310 |
In-process research and development |  | 400 |  |  | — |  |  | 400 |  |  | 400 |  |  | — |  |  | 400 |
|  | $ | 216,007 |  |  | $ | 204,990 |  |  | $ | 11,017 |  |  | $ | 215,823 |  |  | $ | 202,885 |  |  | $ | 12,938 |
Amortization expense was included in our Condensed Consolidated Statements of Income as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Cost of revenues | $ | 449 |  |  | $ | 837 |  |  | $ | 1,347 |  |  | $ | 2,506 |
Selling, general and administrative | 191 |  |  | 440 |  |  | 573 |  |  | 3,537 |
| $ | 640 |  |  | $ | 1,277 |  |  | $ | 1,920 |  |  | $ | 6,043 |
The estimated future amortization of definite-lived intangible assets, excluding in-process research and development, is as follows (in thousands):
Fiscal Year |  | Amount
Remainder of 2024 |  | $ | 640 |
2025 |  | 2,330 |
2026 |  | 1,630 |
2027 |  | 1,630 |
2028 |  | 1,630 |
Thereafter |  | 2,757 |
|  | $ | 10,617 |

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