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Capital Assets
9 Months Ended
Jun. 29, 2013
Capital Assets [Abstract]  
Capital Assets

3. Capital Assets

 

Property and Equipment

Property and equipment at June 29, 2013 and September 29, 2012 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 29,

 

 

September 29,

 

 

2013

 

 

2012

 

(expressed in thousands)

Land and improvements

$

1,711 

 

$

1,711 

Buildings and improvements

 

53,956 

 

 

53,545 

Machinery and equipment

 

139,450 

 

 

118,838 

Total

 

195,117 

 

 

174,094 

Less accumulated depreciation

 

(120,220)

 

 

(112,441)

Property and equipment, net

$

74,897 

 

$

61,653 

 

 

 

 

 

 

 

Goodwill

 

Goodwill at June 29, 2013 and September 29, 2012 was $16.6 million and $16.2 million, respectively. The increase in goodwill during the nine-fiscal month period ended June 29, 2013 was due to currency translation.

 

Other Intangible Assets

Other intangible assets at June 29, 2013 and September 29, 2012 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 29, 2013

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts expressed in thousands)

Software development costs

$

15,860 

 

$

(8,194)

 

$

7,666 

 

5.7 

Patents

 

10,305 

 

 

(3,489)

 

 

6,816 

 

15.3 

Trademarks and trade names

 

6,149 

 

 

(1,194)

 

 

4,955 

 

30.2 

Land-use rights

 

1,270 

 

 

(120)

 

 

1,150 

 

47.8 

Total

$

33,584 

 

$

(12,997)

 

$

20,587 

 

14.3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 29, 2012

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts expressed in thousands)

Software development costs

$

15,860 

 

$

(6,125)

 

$

9,735 

 

5.7 

Patents

 

10,073 

 

 

(2,871)

 

 

7,202 

 

15.3 

Trademarks and trade names

 

6,020 

 

 

(1,024)

 

 

4,996 

 

30.2 

Land-use rights

 

1,241 

 

 

(97)

 

 

1,144 

 

47.8 

Total

$

33,194 

 

$

(10,117)

 

$

23,077 

 

14.3 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense recognized during each of the three-fiscal month periods ended June 29, 2013 and June 30, 2012 was $0.9 million. Amortization expense recognized during the nine-fiscal month periods ended June 29, 2013 and June 30, 2012 was $2.8 million and $2.6 million, respectively.