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Intangible Assets (Tables) | 3 Months Ended
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Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Acquired Intangible Assets | The following table summarizes acquired intangible assets as follows:
|  | April 1, 2023 |  | December 31, 2022
(In thousands) | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Patents | 11 years |  | $ | 2,146 |  |  | $ | 2,088 |  |  | $ | 2,146 |  |  | $ | 2,066 |
Non-compete Agreement | 4 years |  | 11,082 |  |  | 11,057 |  |  | 11,082 |  |  | 11,052 |
Trade Names | 10 years |  | 11,412 |  |  | 9,550 |  |  | 11,402 |  |  | 9,350 |
Completed and Unpatented Technology | 9 years |  | 47,872 |  |  | 35,970 |  |  | 47,855 |  |  | 34,877 |
Customer Relationships | 15 years |  | 142,166 |  |  | 80,316 |  |  | 142,133 |  |  | 77,996 |
Total Intangible Assets | 12 years |  | $ | 214,678 |  |  | $ | 138,981 |  |  | $ | 214,618 |  |  | $ | 135,341 |
Schedule of Amortization Expense for Acquired Intangibles | All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
|  |  |  | Three Months Ended
(In thousands) |  |  |  |  |  | April 1, 2023 |  | April 2, 2022
Amortization Expense |  |  |  |  |  | $ | 3,597 |  |  | $ | 3,765 |
Schedule of Amortization Expense for Intangible Assets for Each of Next Five Years | Amortization expense for acquired intangible assets expected for 2023 and for each of the next five years is summarized as follows:
(In thousands) |
2023 | $ | 13,882 |
2024 | $ | 12,856 |
2025 | $ | 10,935 |
2026 | $ | 9,533 |
2027 | $ | 7,825 |
2028 | $ | 7,037 |

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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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