Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Other Intangible Assets

v3.24.0.1
Note 10 - Other Intangible Assets
9 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 Other Intangible Assets

 

Other intangible assets as of December 31, 2023 and April 2, 2023 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 31, 2023 and April 2, 2023 and the amortization expense for the three- and nine-month periods ended December 31, 2023 and January 1, 2023, the entirety of which has been included in marketing and administrative expenses in 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 31,

   

April 2,

   

December 31,

   

April 2,

   

December 31,

   

January 1,

   

December 31,

   

January 1,

 
   

2023

   

2023

   

2023

   

2023

   

2023

   

2023

   

2023

   

2023

 

Tradename and trademarks

  $ 2,867     $ 2,867     $ 2,145     $ 2,025     $ 42     $ 35     $ 120     $ 105  

Non-compete covenants

    98       98       98       98       -       -       -       -  

Patents

    1,601       1,601       1,094       1,055       13       13       39       39  

Customer relationships

    8,174       8,174       6,566       6,289       92       72       277       217  

Licensing relationships

    200       200       15       -       5       -       15       -  

Total other intangible assets

  $ 12,940     $ 12,940     $ 9,918     $ 9,467     $ 152     $ 120     $ 451     $ 361