Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.7.0.1
Intangible Assets, Net
 3 Months Ended
Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at April 1, 2017 and December 31, 2016 (in thousands):
 
 
 
 
April 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

 
$
(2,686
)
 
$
64

 
$
2,750

 
$
(2,620
)
 
$
130

Patent license agreements
3 - 5 years
 
462

 
(291
)
 
$
171

 
562

 
(368
)
 
$
194

Domain and trade names
10 years
 
1,407

 
(785
)
 
$
622

 
1,407

 
(762
)
 
$
645

Total
 
 
$
4,619

 
$
(3,762
)
 
$
857

 
$
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 for both the thirteen weeks ended April 1, 2017 and April 2, 2016.
The following table summarizes the future estimated annual amortization expense for these assets:
 
2017
$
207

2018
185

2019
100

2020
100

2021
100

Thereafter
165

Total
$
857