XML 57 R30.htm IDEA: XBRL DOCUMENT v3.20.1
Capital Assets (Tables)
6 Months Ended
Mar. 28, 2020
Capital Assets [Abstract]  
Property and Equipment
Property and equipment, net are as follows: 
 
 
March 28,
2020
 
September 28,
2019
Land and improvements
 
$
3,956

 
$
3,949

Buildings and improvements
 
71,333

 
64,140

Machinery and equipment
 
230,040

 
224,684

Assets held under capital leases 1
 

 
2,796

Total property and equipment
 
305,329

 
295,569

Less: Accumulated depreciation
 
(203,473
)
 
(194,486
)
Total property and equipment, net
 
$
101,856

 
$
101,083


1 
Assets held under capital leases were reclassified from property and equipment, net to other long-term assets as part of the adoption of the new lease standard. See Note 5 for additional information regarding leases.
Goodwill
Changes to the carrying amount of goodwill are as follows:  
 
 
Test & Simulation
 
Sensors
 
Total
Balance, September 28, 2019
 
$
61,153

 
$
367,886

 
$
429,039

Acquisitions 2
 
35,980

 
32

 
36,012

Currency translation
 
351

 
9

 
360

Balance, March 28, 2020
 
$
97,484

 
$
367,927

 
$
465,411


2    See Note 16 for additional information regarding acquisitions.


Intangible Assets
Intangible assets are as follows: 
 
 
March 28, 2020
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Weighted
Average
Useful Life (in Years)
Software development costs 3
 
$
46,228

 
$
(16,167
)
 
$
30,061

 
5.9
Technology and patents
 
68,155

 
(17,930
)
 
50,225

 
14.9
Trademarks and trade names
 
28,674

 
(4,497
)
 
24,177

 
17.4
Customer lists
 
216,838

 
(41,385
)
 
175,453

 
15.5
Land-use rights
 
2,303

 
(1,919
)
 
384

 
25.7
Other
 
7,788

 
(1,237
)
 
6,551

 
1.9
Trade names
 
57,500

 

 
57,500

 
Indefinite
Total intangible assets
 
$
427,486

 
$
(83,135
)
 
$
344,351

 
14.1
 
 
 
September 28, 2019
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Weighted
Average
Useful Life (in Years)
Software development costs 3
 
$
39,546

 
$
(16,035
)
 
$
23,511

 
6.2
Technology and patents
 
63,015

 
(15,739
)
 
47,276

 
14.9
Trademarks and trade names
 
20,186

 
(3,808
)
 
16,378

 
18.4
Customer lists
 
192,488

 
(34,735
)
 
157,753

 
15.6
Land-use rights
 
2,303

 
(968
)
 
1,335

 
25.7
Other
 
3,606

 
(774
)
 
2,832

 
4.0
Trade names
 
57,500

 

 
57,500

 
Indefinite
Total intangible assets
 
$
378,644

 
$
(72,059
)
 
$
306,585

 
14.4
 
3 
The gross carrying amount of software development costs as of March 28, 2020 and September 28, 2019 includes $28,522 and $21,840, respectively, of software not yet available for general release to the public.
Amortization Expense
Amortization expense recognized related to finite-lived intangible assets is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 28,
2020
 
March 30,
2019
Amortization expense
 
$
6,270

 
$
4,403

 
$
11,055

 
$
8,219


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 2020
$
12,538

2021
24,559

2022
23,952

2023
23,068

2024
22,701

2025
22,544

Thereafter
157,489