Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.8.0.1
Intangible Assets, Net
 3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at March 31, 2018 and December 30, 2017 (in thousands):
 
 
 
 
March 31, 2018
 
December 30, 2017
 
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

 
$
(2,750
)
 
$
—

Patent license agreements
3 - 5 years
 
462

 
(382
)
 
$
80

 
462

 
(360
)
 
$
102

Domain and trade names
10 years
 
1,407

 
(883
)
 
$
524

 
1,407

 
(858
)
 
$
549

Total
 
 
$
4,619

 
$
(4,015
)
 
$
604

 
$
4,619

 
$
(3,968
)
 
$
651


Intangible assets subject to amortization are amortized on a straight-line basis. Amortization expense relating to intangible assets held for continuing operations was $47 and $112 for the thirteen weeks ended March 31, 2018, and April 1, 2017 respectively.
The following table summarizes the future estimated annual amortization expense for these assets:
 
2018
$
138

2019
100

2020
100

2021
100

2022
100

Thereafter
66

Total
$
604