Intangible and Other Assets

12 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible and other assets-net consisted of the following (in thousands):



		2019				2018
At Fiscal Year End	Useful Lives	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Intangibles-subject to amortization:
Trademarks	10 yrs.	$	3,612	$	2,993	$	4,293	$	3,859
Customer lists	5 - 10 yrs.	52,517		44,013		52,635		38,028
Patents	3 - 20 yrs.	2,308		1,937		2,310		2,154
Developed technology	7 yrs.	2,193		548		36,100		15,471
Trade name	6 yrs.	4,502		188		—		—
Other	7 - 20 yrs.	383		272		261		247
Total intangibles-subject to amortization		65,515		49,951		95,599		59,759
Intangibles-not subject to amortization:
Trade names		11,315				32,427
Other assets:
Other deposits		18,558				19,641
Deferred compensation plan assets		5,243				4,442
Deferred tax asset-net		38,275				23,695
Restricted cash		7,501				7,479
Tax receivable		6,507				7,060
Investments		500				500
Other		2,145				2,342
Total other assets		78,729				65,159
Total intangible and other assets		$	155,559	$	49,951	$	193,185	$	59,759
Total intangible and other assets-net				$	105,608			$	133,426

During fiscal year 2019, the Company impaired the SKAGEN trade name down to the implied fair value of $4.5 million, as a result of a continued decline in performance throughout fiscal year 2019 and a challenging market dynamic that is not expected to improve in the near-term. Concurrent with the impairment testing, the Company determined the trade name would no longer have an indefinite useful life. As a result of the change in estimate, the useful life of the trade name changed from indefinite to definite, and the trade name will be fully amortized on a straight-line basis over the estimated useful life of 6 years.

Amortization expense for intangible assets was approximately $7.1 million, $11.9 million and $13.5 million for fiscal years 2019, 2018 and 2017, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):



Fiscal Year	Amortization Expense
2020	$	6,833
2021	3,003
2022	2,127
2023	1,085
2024	1,068
Thereafter	1,448

On January 16, 2019, the Company sold intellectual property related to a smartwatch technology under development by the Company to Google, Inc. for a cash purchase price of $40.0 million. As a result of the sale, the Company reduced intangible

assets by $18.4 million and recorded a gain of $21.6 million in other income (expense) - net in the Company's consolidated statements of income (loss) and comprehensive income (loss).