Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v2.4.1.9
Intangible Assets, Net
 3 Months Ended
Apr. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at April 4, 2015 and January 3, 2015 (in thousands):
 
 
 
 
April 4, 2015
 
January 3, 2015
 
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

 
$
(2,167
)
 
$
583

 
$
2,750

 
$
(2,102
)
 
$
648

Patent license agreements
3 - 5 years
 
562

 
(125
)
 
$
437

 
537

 
(94
)
 
$
443

Domain and trade names
10 years
 
1,199

 
(602
)
 
$
597

 
1,199

 
(583
)
 
$
616

Total
 
 
$
4,511

 
$
(2,894
)
 
$
1,617

 
$
4,486

 
$
(2,779
)
 
$
1,707


Intangible assets subject to amortization are amortized on a straight-line basis. Amortization expense relating to intangible assets for the thirteen weeks ended April 4, 2015 and March 29, 2014 was $115 and $84, respectively.
The following table summarizes the future estimated annual amortization expense for these assets over the next five years:
 
2015
$
348

2016
463

2017
326

2018
167

2019
82

Thereafter
231

Total
$
1,617