Capital Assets (Tables)

9 Months Ended

Jun. 29, 2019

Capital Assets [Abstract]

Property and Equipment

Property and equipment, net are as follows: 

	June 29, 2019			September 29, 2018
Land and improvements	$	3,924		$	2,881
Buildings and improvements	59,949			58,880
Machinery and equipment	217,728			203,647
Assets held under capital leases	2,796			2,815
Total property and equipment	284,397			268,223
Less: Accumulated depreciation	(191,504		)	(177,954		)
Total property and equipment, net	$	92,893		$	90,269

Goodwill

Changes to the carrying amount of goodwill are as follows:  

	Test & Simulation			Sensors			Total
Balance, September 29, 2018	$	24,631		$	344,644		$	369,275
Acquisitions 1	34,423			—			34,423
Currency translation	(230		)	(20		)	(250		)
Balance, June 29, 2019	$	58,824		$	344,624		$	403,448

¹    See Note 16 for additional information regarding acquisitions.

Intangible Assets

Intangible assets are as follows: 

	June 29, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in Years)
Software development costs 2	$	37,265	$	(15,969	)	$	21,296	6.4
Technology and patents	59,362		(14,934		)	44,428		14.9
Trademarks and trade names	12,658		(3,641		)	9,017		20.6
Customer lists	180,147		(31,692		)	148,455		15.7
Land-use rights	2,334		(914		)	1,420		26.0
Other	3,754		(571		)	3,183		4.0
Trade names	57,500		—			57,500		Indefinite
Total intangible assets	$	353,020	$	(67,721	)	$	285,299	14.5

 

	September 29, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in Years)
Software development costs 2	$	31,251	$	(15,860	)	$	15,391	6.5
Technology and patents	46,405		(12,188		)	34,217		14.9
Trademarks and trade names	6,754		(2,987		)	3,767		25.4
Customer lists	156,971		(23,314		)	133,657		15.8
Land-use rights	2,336		(730		)	1,606		26.0
Trade names	57,500		—			57,500		Indefinite
Total intangible assets	$	301,217	$	(55,079	)	$	246,138	14.8

 

² 

The gross carrying amount of software development costs as of June 29, 2019 and September 29, 2018 includes $19,560 and $15,391, respectively, of intangible assets not yet placed in service.

Amortization Expense

Amortization expense recognized related to finite-lived intangible assets is as follows:

	Three Months Ended				Nine Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Amortization expense	$	4,449	$	3,453	$	12,668	$	10,388

Estimated Future Amortization Expense on Finite-Lived Intangible Assets

Estimated future amortization expense related to finite-lived intangible assets is as follows: 

	Amortization Expense
Remainder of 2019	$	4,356
2020	17,420
2021	18,527
2022	19,450
2023	18,543
2024	18,172
Thereafter	131,331