| Intangible Assets |
4. Intangible Assets
Intangible assets are carried at cost, less accumulated amortization, as disclosed in the following table (in thousands):
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September 24, 2011 |
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|
December 31, 2010 |
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|
Gross Carrying Amount |
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Accumulated Amortization |
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Net |
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|
Gross Carrying Amount |
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Accumulated Amortization |
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Net |
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|
Existing and core developed technologies |
|
$ |
52,694 |
|
|
$ |
(30,173 |
) |
|
$ |
22,521 |
|
|
$ |
27,200 |
|
|
$ |
(26,747 |
) |
|
$ |
453 |
|
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Customer relationships |
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|
54,740 |
|
|
|
(9,656 |
) |
|
|
45,084 |
|
|
|
3,700 |
|
|
|
(3,638 |
) |
|
|
62 |
|
|
Purchase order backlog |
|
|
4,260 |
|
|
|
(3,492 |
) |
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|
768 |
|
|
|
1,700 |
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(1,700 |
) |
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|
— |
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Trade name |
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|
2,290 |
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(2,290 |
) |
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— |
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— |
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— |
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— |
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Total amortizable intangible assets |
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|
113,984 |
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(45,611 |
) |
|
|
68,373 |
|
|
|
32,600 |
|
|
|
(32,085 |
) |
|
|
515 |
|
|
In- process technology |
|
|
16,270 |
|
|
|
— |
|
|
|
16,270 |
|
|
|
— |
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|
— |
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— |
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Total intangible assets, excluding goodwill |
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$ |
130,254 |
|
|
$ |
(45,611 |
) |
|
$ |
84,643 |
|
|
$ |
32,600 |
|
|
$ |
(32,085 |
) |
|
$ |
515 |
|
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The amortization expense was $5.4 million, and $1.6 million for the three months ended September 24, 2011 and September 25, 2010, respectively, and $13.5 million and $4.6 million for the nine months ended September 24, 2011and September 25, 2010, respectively. Expected future amortization for the fiscal years indicated is as follows (in thousands):
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2011(Remaining months) |
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$ |
4,595 |
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2012 |
|
|
15,307 |
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2013 |
|
|
15,307 |
|
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2014 |
|
|
15,307 |
|
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2015 |
|
|
15,306 |
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Thereafter |
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|
2,551 |
|
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Total |
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$ |
68,373 |
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