Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.2.0.727
Intangible Assets, Net
 6 Months Ended
Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
Intangible Assets, Net
Intangible assets consisted of the following at July 4, 2015 and January 3, 2015 (in thousands):
 
 
 
 
July 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

 
$
(2,232
)
 
$
518

 
$
2,750

 
$
(2,102
)
 
$
648

Patent license agreements
3 - 5 years
 
562

 
(156
)
 
$
406

 
537

 
(94
)
 
$
443

Domain and trade names
10 years
 
1,199

 
(621
)
 
$
578

 
1,199

 
(583
)
 
$
616

Total
 
 
$
4,511

 
$
(3,009
)
 
$
1,502

 
$
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 July 4, 2015 and June 28, 2014 was $115 and $126, respectively. Amortization expense relating to intangible assets for the twenty-six weeks ended July 4, 2015 and June 28, 2014 was $230 and $210, respectively.
The following table summarizes the future estimated annual amortization expense for these assets over the next five years:
 
2015
$
229

2016
461

2017
324

2018
165

2019
80

Thereafter
243

Total
$
1,502