Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Other Intangible Assets

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Note 4 - Other Intangible Assets
3 Months Ended
Jun. 28, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
Note
4
– Other Intangible Assets
 
Other intangible assets as of
June 28, 2020
and
March 29, 2020
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
June 28, 2020
and
March 29, 2020,
the amortization expense for the
three
-month periods ended
June 28, 2020
and
June 30, 2019
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
 
   
June 28,
   
March 29,
   
June 28,
   
March 29,
   
June 28,
   
June 30,
 
   
2020
   
2020
   
2020
   
2020
   
2020
   
2019
 
Tradename and trademarks
  $
3,667
    $
3,667
    $
1,808
    $
1,747
    $
61
    $
61
 
Developed technology
   
1,100
     
1,100
     
321
     
293
     
28
     
28
 
Non-compete covenants
   
458
     
458
     
298
     
278
     
20
     
20
 
Patents
   
1,601
     
1,601
     
911
     
889
     
22
     
27
 
Customer relationships
   
7,374
     
7,374
     
5,494
     
5,416
     
78
     
78
 
Total other intangible assets
  $
14,200
    $
14,200
    $
8,832
    $
8,623
    $
209
    $
214
 
                                                 
Classification within the accompanying unaudited condensed consolidated statements of income:
     
 
     
 
 
Cost of products sold
   
 
     
 
     
 
     
 
    $
2
    $
2
 
Marketing and administrative expenses
     
 
     
 
     
 
     
207
     
212
 
Total amortization expense
     
 
     
 
     
 
    $
209
    $
214