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Capital Assets
6 Months Ended
Mar. 29, 2014
Capital Assets [Abstract]  
Capital Assets

4. Capital Assets

 

Property and Equipment

Property and equipment at March 29, 2014 and September 28, 2013 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 29,

 

 

September 28,

 

 

2014

 

 

2013

 

(expressed in thousands)

Land and improvements

$

1,713 

 

$

1,713 

Buildings and improvements

 

53,886 

 

 

54,823 

Machinery and equipment

 

154,026 

 

 

145,785 

Total

 

209,625 

 

 

202,321 

Less accumulated depreciation

 

(128,321)

 

 

(123,922)

Property and equipment, net

$

81,304 

 

$

78,399 

 

 

 

 

 

 

 

Goodwill

 

Goodwill at March 29, 2014 and September 28, 2013 was $16.5 million and $16.6 million, respectively. The change in goodwill during the six fiscal months ended March 29, 2014 was due to currency translation.

 

Other Intangible Assets

Other intangible assets at March 29,  2014 and September 28, 2013 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 29, 2014

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts expressed in thousands)

Software development costs

$

15,859 

 

$

(10,264)

 

$

5,595 

 

5.7 

Patents

 

10,194 

 

 

(4,001)

 

 

6,193 

 

15.3 

Trademarks and trade names

 

6,085 

 

 

(1,335)

 

 

4,750 

 

30.2 

Land-use rights

 

1,256 

 

 

(138)

 

 

1,118 

 

47.8 

Total

$

33,394 

 

$

(15,738)

 

$

17,656 

 

14.3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense recognized during each of the three fiscal months ended March 29, 2014 and March 30, 2013 was $0.9 million. Amortization expense recognized during each of the six fiscal months ended March 29, 2014 and March 30, 2013 was $1.9 million.