Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.3.0.814
Intangible Assets, Net
9 Months Ended
Oct. 03, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at October 3, 2015 and January 3, 2015 (in thousands):
 
 
 
 
October 3, 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

 
$
(2,296
)
 
$
454

 
$
2,750

 
$
(2,102
)
 
$
648

Patent license agreements
3 - 5 years
 
562

 
(187
)
 
$
375

 
537

 
(94
)
 
$
443

Domain and trade names
10 years
 
1,199

 
(641
)
 
$
558

 
1,199

 
(583
)
 
$
616

Total
 
 
$
4,511

 
$
(3,124
)
 
$
1,387

 
$
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 October 3, 2015 and September 27, 2014 was $115 and $106, respectively. Amortization expense relating to intangible assets for the thirty-nine weeks ended October 3, 2015 and September 27, 2014 was $345 and $316, respectively.
The following table summarizes the future estimated annual amortization expense for these assets over the next five years:
 
2015 (fourth quarter)
$
115

2016
460

2017
323

2018
165

2019
80

Thereafter
244

Total
$
1,387