Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 145

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 145
---
261,669
        )
         
        $
        236,711

       Definite-lived intangibles are amortized using the straight-line method of amortization over the useful life. Amortization expense was $44,892, $61,576, and $42,631 for the years ended December 30, 2024, January 1, 2024, and January 2, 2023, respectively. For the years ended December 30, 2024, January 1, 2024, and January 2, 2023, $9,342, $12,901, and $5,534, respectively, of amortization expense is included in cost of goods sold.In connection with the finalization of acquired identifiable intangible asset valuation during the second quarter of 2023 related to the Company's acquisition in 2022 of Telephonics, the Company recorded amortization expense of $24,877 related to the acquired identifiable intangible assets during the year ended January 1, 2024 (of which $5,627 corresponded to the year ended January 2, 2023 due to the change in amortization period). For the year ended January 1, 2024, $8,850 of amortization expense related to the acquired identifiable intangible assets was included in cost of goods sold (of which $2,950 corresponded to the year ended January 2, 2023).Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows: 

        (In thousands)

        2025
         
        $
        36,897

        2026

        36,897

        2027

        34,543

        2028

        30,997

        2029

        22,355

        Thereafter

        30,130

        Total
         
        $
        191,819

79

TTM TECHNOLOGIES, INC. Notes to Consolidated Financial Statements — (Continued)

(8)Long-term Debt and Letters of CreditLong-term debt was as follows: 

        As of December 30, 2024

        As of January 1, 2024

        Interest Rate
         
        Principal Outstanding

        Interest Rate
         
        Principal Outstanding

        (In thousands, except interest rates)

        Senior Notes due March 2029