Crown Crafts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Other Intangible Assets

Note 10 - Other Intangible Assets

6 Months Ended

Sep. 26, 2021

Intangible Assets Disclosure [Text Block]

Note 10 – Other Intangible Assets

Other intangible assets as of September 26, 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 September 26, 2021 and March 28, 2021, the amortization expense for the three and six-month periods ended September 26, 2021 and September 27, 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				Six-Month Periods Ended
	*September*		*March*		*September*		*March*		*September*		*September*		*September*		*September*
	*26, 2021*		*28, 2021*		*26, 2021*		*28, 2021*		*26, 2021*		*27, 2020*		*26, 2021*		*27, 2020*
Tradename and trademarks	$	2,567	$	2,567	$	1,807	$	1,722	$	42	$	61	$	85	$	122
Developed technology		-		-		-		-		-		27		-		55
Non-compete covenants		98		98		96		93		2		20		3		40
Patents		1,601		1,601		977		950		14		13		27		35
Customer relationships		7,374		7,374		5,856		5,712		72		73		144		151
Total other intangible assets	$	11,640	$	11,640	$	8,736	$	8,477	$	130	$	194	$	259	$	403

Classification within the accompanying unaudited condensed consolidated statements of income:
Cost of products sold									$	2	$	1	$	3	$	3
Marketing and administrative expenses										128		193		256		400
Total amortization expense									$	130	$	194	$	259	$	403