Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Other Intangible Assets

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Note 10 - Other Intangible Assets
3 Months Ended
Jun. 27, 2021
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 Other Intangible Assets

 

Other intangible assets as of June 27, 2021 and March 28, 2021 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 27, 2021 and March 28, 2021, the amortization expense for the three-month periods ended June 27, 2021 and June 28, 2020, 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 27,

   

March 28,

   

June 27,

   

March 28,

   

June 27,

   

June 28,

 
   

2021

   

2021

   

2021

   

2021

   

2021

   

2020

 

Tradename and trademarks

  $ 2,567     $ 2,567     $ 1,765     $ 1,722     $ 43     $ 61  

Developed technology

    -       -       -       -       -       28  

Non-compete covenants

    98       98       94       93       1       20  

Patents

    1,601       1,601       963       950       13       22  

Customer relationships

    7,374       7,374       5,784       5,712       72       78  

Total other intangible assets

  $ 11,640     $ 11,640     $ 8,606     $ 8,477     $ 129     $ 209  
                                                 
Classification within the accompanying unaudited condensed consolidated statements of income:                                                

Cost of products sold

                                  $ 1     $ 2  
Marketing and administrative expenses                                     128       207  

Total amortization expense

                                  $ 129     $ 209