Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.4.0.3
Intangible Assets, Net
 3 Months Ended
Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at April 2, 2016 and January 2, 2016 (in thousands):
 
 
 
 
April 2, 2016
 
January 2, 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

 
$
(2,426
)
 
$
324

 
$
2,750

 
$
(2,361
)
 
$
389

Patent license agreements
3 - 5 years
 
562

 
(250
)
 
$
312

 
562

 
(219
)
 
$
343

Domain and trade names
10 years
 
1,407

 
(687
)
 
$
720

 
1,407

 
(663
)
 
$
744

Total
 
 
$
4,719

 
$
(3,363
)
 
$
1,356

 
$
4,719

 
$
(3,243
)
 
$
1,476


Intangible assets subject to amortization are amortized on a straight-line basis. Amortization expense relating to intangible assets for the thirteen weeks ended April 2, 2016 and April 4, 2015 was $120 and $115, respectively.
The following table summarizes the future estimated annual amortization expense for these assets over the next five years:
 
2016
$
361

2017
344

2018
185

2019
100

2020
100

Thereafter
266

Total
$
1,356