Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Other Intangible Assets

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Note 4 - Other Intangible Assets
6 Months Ended
Sep. 27, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
Note
4
– Other Intangible Assets
 
Other intangible assets as of
September 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
September 27, 2020
and
March 29, 2020,
the amortization expense for the
three
and
six
-month periods ended
September 27, 2020
and
September 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
   
Six-Month Periods Ended
 
   
September 27,
   
March 29,
   
September 27,
   
March 29,
   
September 27,
   
September 29,
   
September 27,
   
September 29,
 
   
2020
   
2020
   
2020
   
2020
   
2020
   
2019
   
2020
   
2019
 
Tradename and trademarks
  $
3,667
    $
3,667
    $
1,869
    $
1,747
    $
61
    $
61
    $
122
    $
122
 
Developed technology
   
1,100
     
1,100
     
348
     
293
     
27
     
27
     
55
     
55
 
Non-compete covenants
   
458
     
458
     
318
     
278
     
20
     
19
     
40
     
39
 
Patents
   
1,601
     
1,601
     
924
     
889
     
13
     
27
     
35
     
54
 
Customer relationships
   
7,374
     
7,374
     
5,567
     
5,416
     
73
     
79
     
151
     
157
 
Total other intangible assets
  $
14,200
    $
14,200
    $
9,026
    $
8,623
    $
194
    $
213
    $
403
    $
427
 
                                                                 
Classification within the accompanying unaudited condensed consolidated statements of income:
     
 
     
 
     
 
     
 
 
Cost of products sold
   
 
     
 
     
 
     
 
    $
1
    $
1
    $
3
    $
3
 
Marketing and administrative expenses
     
 
     
 
     
 
     
193
     
212
     
400
     
424
 
Total amortization expense
     
 
     
 
     
 
    $
194
    $
213
    $
403
    $
427