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Note 2 - Goodwill and Purchased Intangible Assets | 6 Months Ended
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Jun. 25, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
2. | Goodwill and Purchased Intangible Assets
Goodwill and Intangible Assets Changes in the carrying value of goodwill during the year ended December 25, 2021, and the six-month period ended June 25, 2022, by segment, were as follows (in thousands):
|  | Semiconductor Test |  |  |  |  |  |  |  |  |
|  | & Inspection |  |  | PCB Test |  |  | Total |
Balance, December 26, 2020 |  | $ | 230,724 |  |  | $ | 21,580 |  |  | $ | 252,304 |
Sale of PCB Test Business (1) |  |  | - |  |  |  | (21,899 | ) |  |  | (21,899 | )
Impact of currency exchange |  |  | (10,933 | ) |  |  | 319 |  |  |  | (10,614 | )
Balance, December 25, 2021 |  |  | 219,791 |  |  |  | - |  |  |  | 219,791 |
Impact of currency exchange |  |  | (8,257 | ) |  |  | - |  |  |  | (8,257 | )
Balance, June 25, 2022 |  | $ | 211,534 |  |  | $ | - |  |  | $ | 211,534 |
| (1) | On June 24, 2021, we completed the sale of our PCB Test business. See Note 12, “Business Divestitures” for additional information.
Purchased intangible assets, subject to amortization are as follows (in thousands):
|  | June 25, 2022 |  |  | December 25, 2021 |
|  |  |  |  |  |  |  |  |  | Remaining |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  |
|  | Gross |  |  |  |  |  |  | Average |  |  | Gross |  |  |  |  |
|  | Carrying |  |  | Accum. |  |  | Amort. |  |  | Carrying |  |  | Accum. |
|  | Amount |  |  | Amort. |  |  | Period (in years) |  |  | Amount |  |  | Amort. |
Developed technology |  | $ | 222,240 |  |  | $ | 114,503 |  |  |  | 4 |  |  | $ | 229,131 |  |  | $ | 104,855 |
Customer relationships |  |  | 64,027 |  |  |  | 27,939 |  |  |  | 7 |  |  |  | 65,916 |  |  |  | 26,189 |
Trade names |  |  | 20,220 |  |  |  | 8,366 |  |  |  | 6.8 |  |  |  | 20,877 |  |  |  | 7,714 |
Covenant not-to-compete |  |  | 261 |  |  |  | 143 |  |  |  | 4.5 |  |  |  | 308 |  |  |  | 154 |
Total intangible assets |  | $ | 306,748 |  |  | $ | 150,951 |  |  |  |  |  |  | $ | 316,232 |  |  | $ | 138,912 |
Changes in the carrying values of purchased intangible assets presented above are a result of the impact of fluctuation in currency exchange rates. Amortization expense related to intangible assets was approximately $8.3 million in the second quarter of fiscal 2022 and $16.9 million in the first six months of fiscal 2022. Amortization expense related to intangible assets was approximately $9.0 million in the second quarter of fiscal 2021 and $18.3 million in the first six months of fiscal 2021.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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