Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.7.0.1
Intangible Assets, Net
 6 Months Ended
Jul. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at July 1, 2017 and December 31, 2016 (in thousands):
 
 
 
 
July 1, 2017
 
December 31, 2016
 
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amort. and
Impairment
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amort. and
Impairment
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Product design intellectual property
4 years
 
$
2,750

 
$
(2,750
)
 
$
—

 
$
2,750

 
$
(2,620
)
 
$
130

Patent license agreements
3 - 5 years
 
562

 
(414
)
 
$
148

 
562

 
(368
)
 
$
194

Domain and trade names
10 years
 
1,407

 
(810
)
 
$
597

 
1,407

 
(762
)
 
$
645

Total
 
 
$
4,719

 
$
(3,974
)
 
$
745

 
$
4,719

 
$
(3,750
)
 
$
969


Intangible assets subject to amortization are amortized on a straight-line basis. Amortization expense relating to intangible assets held for continuing operations was $112 and $224 for the thirteen and twenty-six weeks ended July 1, 2017, respectively, compared to $113 and $225 for the same periods in 2016.
The following table summarizes the future estimated annual amortization expense for these assets:
 
2017
$
95

2018
185

2019
100

2020
100

2021
100

Thereafter
165

Total
$
745