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Intangible Assets | 6 Months Ended
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Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets The following table summarizes acquired intangible assets as follows:
|  | July 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 |  |  | $ | 2,110 |  |  | $ | 2,146 |  |  | $ | 2,066 |
Non-compete Agreement | 4 years |  | 11,082 |  |  | 11,062 |  |  | 11,082 |  |  | 11,052 |
Trade Names | 10 years |  | 11,417 |  |  | 9,749 |  |  | 11,402 |  |  | 9,350 |
Completed and Unpatented Technology | 9 years |  | 47,880 |  |  | 37,063 |  |  | 47,855 |  |  | 34,877 |
Customer Relationships | 15 years |  | 142,180 |  |  | 82,613 |  |  | 142,133 |  |  | 77,996 |
Total Intangible Assets | 12 years |  | $ | 214,705 |  |  | $ | 142,597 |  |  | $ | 214,618 |  |  | $ | 135,341 |
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
|  | Six Months Ended |  | Three Months Ended
(In thousands) |  | July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Amortization Expense |  | $ | 7,196 |  |  | $ | 7,526 |  |  | $ | 3,599 |  |  | $ | 3,761 |
Amortization expense for acquired intangible assets expected for 2023 and for each of the next five years is summarized as follows:
(In thousands) |
2023 | $ | 13,888 |
2024 | $ | 12,856 |
2025 | $ | 10,935 |
2026 | $ | 9,533 |
2027 | $ | 7,825 |
2028 | $ | 7,037 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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