Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Other Intangible Assets

v3.20.4
Note 4 - Other Intangible Assets
9 Months Ended
Dec. 27, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
Note
4
– Other Intangible Assets
 
Other intangible assets as of
December 27, 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
December 27, 2020
and
March 29, 2020,
the amortization expense for the
three
and
nine
-month periods ended
December 27, 2020
and
December 29, 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
   
Nine-Month Periods Ended
 
   
December 27,
   
March 29,
   
December 27,
   
March 29,
   
December 27,
   
December 29,
   
December 27,
   
December 29,
 
   
2020
   
2020
   
2020
   
2020
   
2020
   
2019
   
2020
   
2019
 
Tradename and trademarks
  $
3,667
    $
3,667
    $
1,930
    $
1,747
    $
61
    $
62
    $
183
    $
184
 
Developed technology
   
1,100
     
1,100
     
376
     
293
     
28
     
28
     
83
     
83
 
Non-compete covenants
   
458
     
458
     
337
     
278
     
19
     
19
     
59
     
58
 
Patents
   
1,601
     
1,601
     
937
     
889
     
13
     
27
     
48
     
81
 
Customer relationships
   
7,374
     
7,374
     
5,639
     
5,416
     
72
     
78
     
223
     
235
 
Total other intangible assets
  $
14,200
    $
14,200
    $
9,219
    $
8,623
    $
193
    $
214
    $
596
    $
641
 
                                                                 
Classification within the accompanying unaudited condensed consolidated statements of income:
     
 
     
 
     
 
     
 
 
Cost of products sold
   
 
     
 
     
 
     
 
    $
2
    $
2
    $
5
    $
5
 
Marketing and administrative expenses
     
 
     
 
     
 
     
191
     
212
     
591
     
636
 
Total amortization expense
   
 
     
 
     
 
     
 
    $
193
    $
214
    $
596
    $
641