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Capital Assets
12 Months Ended
Sep. 28, 2013
Capital Assets [Abstract]  
Capital Assets

3. Capital Assets:

 

Property and Equipment

Property and equipment at September 28, 2013 and September 29, 2012 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

 

(expressed in thousands)

Land and improvements

$

1,713 

 

$

1,711 

Buildings and improvements

 

54,823 

 

 

53,545 

Machinery and equipment

 

145,785 

 

 

118,838 

Total

 

202,321 

 

 

174,094 

Less accumulated depreciation

 

(123,922)

 

 

(112,441)

Property and equipment, net

$

78,399 

 

$

61,653 

 

 

 

 

 

 

 

 

Goodwill

Goodwill at September 28, 2013 and September 29, 2012 was $16.6 million and $16.2 million, respectively. The increase in goodwill during each of the years ended September 28, 2013 and September 29, 2012 was due to currency translation.

 

Other Intangible Assets

Other intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 28, 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 

 

$

(8,885)

 

$

6,975 

 

5.7 

Patents

 

10,308 

 

 

(3,676)

 

 

6,632 

 

15.3 

Trademarks and trade names

 

6,149 

 

 

(1,244)

 

 

4,905 

 

30.2 

Land-use rights

 

1,270 

 

 

(126)

 

 

1,144 

 

47.8 

Total

$

33,587 

 

$

(13,931)

 

$

19,656 

 

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 the fiscal years ended September 28, 2013, September 29, 2012, and October 1, 2011 was $3.7 million, $3.5 million, and $3.3 million, respectively. The estimated future amortization expense related to other intangible assets for the next five fiscal years is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

Fiscal Year

 

 

Expense

 

 

 

(expressed in

 

 

 

thousands)

2014

 

$

3,725 

2015

 

$

3,714 

2016

 

$

2,202 

2017

 

$

932 

2018

 

$

724 

 

 

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