Capital Assets

12 Months Ended

Oct. 03, 2020

CAPITAL ASSETS

Property and Equipment

Property and equipment, net are as follows:


	2020		2019
Land and improvements	$	3,963	$	3,949
Buildings and improvements	75,689		64,140
Machinery and equipment	228,155		224,684
Assets held under capital leases 1	—		2,796
Total property and equipment	307,807		295,569
Less: Accumulated depreciation	(212,697)		(194,486)
Total property and equipment, net	$	95,110	$	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 4 for additional information regarding leases.

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 2	39,181		23,292		62,473
Currency translation gain (loss)	(2,659)		(50)		(2,709)
Balance, September 28, 2019	$	61,153	$	367,886	$	429,039
Acquisitions 2	35,887		—		35,887
Impairment 3	(53,344)		(188,174)		(241,518)
Currency translation gain (loss)	5,144		88		5,232
Balance, October 3, 2020	$	48,840	$	179,800	$	228,640

2 See Note 18 for additional information regarding acquisitions.

3 See Note 1 for additional information on our goodwill impairment analysis.

Intangible Assets

Intangible assets are as follows:


	October 3, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (in Years)
Software development costs 4	$	53,171	$	(16,299)	$	36,872	6.9
Technology and patents 5	58,575		(19,033)		39,542		14.7
Trademarks and trade names 5	24,688		(4,752)		19,936		17.6
Customer lists 5	196,251		(45,079)		151,172		15.7
Land-use rights	2,345		(1,223)		1,122		26.1
Other 5	5,070		(2,719)		2,351		1.7
Trade names 5	44,100		—		44,100		Indefinite
Total intangible assets	$	384,200	$	(89,105)	$	295,095	14.1


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

4 The gross carrying amount of software development costs as of October 3, 2020 and September 28, 2019 includes $35,466 and $21,840, respectively, of software not yet available for general release to the public.

5 In fiscal year 2020, the net carrying values of these intangible assets are net of impairment charges as follows:


	Impairment charges
Technology and patents	$	9,674
Trademarks and trade names	4,470
Customer lists	20,591
Other	1,736
Trade names	13,400
Total	$	49,871

See Note 1 for additional information on impairment of long-lived assets and indefinite-lived asset.

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


	2020		2019		2018
Amortization expense	$	22,844	$	17,361	$	13,831

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


Fiscal Year	Amortization Expense
2021	$	21,977
2022	21,474
2023	21,372
2024	21,134
2025	20,947
Thereafter	144,091

Future amortization amounts presented above are estimates. Actual future amortization expense may be different due to fluctuations in foreign currency exchange rates, future acquisitions, impairments, changes in amortization periods or other factors.