XML 69 R58.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note K - Goodwill and Other Intangibles (Details Textual) - USD ($)
$ in Thousands
3 Months Ended
Jul. 02, 2018
Sep. 28, 2018
Sep. 29, 2017
Jun. 30, 2018
Goodwill, Ending Balance   $ 27,265   $ 2,692
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   10 years    
Amortization of Intangible Assets, Total   $ 665 $ 44  
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance   206   202
European Industrial [Member]        
Goodwill, Ending Balance   2,683   $ 2,692
Goodwill, Impairment Loss   0    
Veth Propulsion [Member]        
Goodwill, Ending Balance [1] $ 24,669      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles [2] $ 23,700      
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life      
Amortization of Intangible Assets, Total   $ 621    
[1] The Company is not able to deduct any of the goodwill for tax purposes.
[2] Intangible assets This consists of: Estimated fair value Estimated average useful lives Annual amortization Customer relationships $ 13,600 12 $ 1,133 Technology and know-how 8,300 7 1,186 Tradename 1,800 10 180 Total $ 23,700 $ 2,499 The preliminary fair values were determined primarily using an income method, which utilizes financial forecasts of expected future cash flows. Some of the more significant assumptions used in the development of intangible asset values include: the amount and timing of projected future cash flows, the discount rate selected to measure the risks inherent in future cash flows, and the assessment of the asset's life cycle and competitive trends impacting the asset, as well as other factors.