Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Other Intangible Assets

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Note 4 - Other Intangible Assets
9 Months Ended
Dec. 29, 2019
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
Note
4
– Other Intangible Assets
 
Other intangible assets as of
December 29, 2019
and
March 31, 2019
consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of
December 29, 2019
and
March 31, 2019,
the amortization expense for the
three
and
nine
-month periods ended
December 29, 2019
and
December 30, 2018
and the classification of such amortization expense within the accompanying unaudited condensed consolidated statements of income are as follows (in thousands):
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization Expense
 
   
Gross Amount
   
Accumulated
Amortization
   
Three-Month
Periods Ended
   
Nine-Month
Periods Ended
 
   
December 29,
   
March 31,
   
December 29,
   
March 31,
   
December 29,
   
December 30,
   
December 29,
   
December 30,
 
   
2019
   
2019
   
2019
   
2019
   
2019
   
2018
   
2019
   
2018
 
Tradename and trademarks
  $
3,667
    $
3,667
    $
1,685
    $
1,501
    $
62
    $
62
    $
184
    $
171
 
Developed technology
   
1,100
     
1,100
     
266
     
183
     
28
     
28
     
83
     
83
 
Non-compete covenants
   
458
     
458
     
258
     
200
     
19
     
19
     
58
     
58
 
Patents
   
1,601
     
1,601
     
862
     
781
     
27
     
27
     
81
     
81
 
Customer relationships
   
7,374
     
7,374
     
5,338
     
5,103
     
78
     
78
     
235
     
235
 
Total other intangible assets
  $
14,200
    $
14,200
    $
8,409
    $
7,768
    $
214
    $
214
    $
641
    $
628
 
                                                                 
Classification within the accompanying unaudited condensed consolidated statements of income:
     
 
     
 
     
 
     
 
 
Cost of products sold
   
 
     
 
     
 
     
 
    $
2
    $
2
    $
5
    $
5
 
Marketing and administrative expenses
     
 
     
 
     
 
     
212
     
212
     
636
     
623
 
Total amortization expense
   
 
     
 
     
 
     
 
    $
214
    $
214
    $
641
    $
628