XML 74 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital Assets
9 Months Ended
Jun. 28, 2014
Capital Assets [Abstract]  
Capital Assets

4. Capital Assets

 

Property and Equipment

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 28,

 

 

September 28,

 

 

2014

 

 

2013

 

(expressed in thousands)

Land and improvements

$

1,713 

 

$

1,713 

Buildings and improvements

 

54,956 

 

 

54,823 

Machinery and equipment

 

151,008 

 

 

145,785 

Total

 

207,677 

 

 

202,321 

Less accumulated depreciation

 

(124,607)

 

 

(123,922)

Property and equipment, net

$

83,070 

 

$

78,399 

 

 

 

 

 

 

 

Goodwill

 

Goodwill at June 28, 2014 and September 28, 2013 was $33.3 million and $16.6 million, respectively. The change in goodwill during the nine fiscal months ended June 28, 2014 was $16.9 million as a result of the Roehrig Engineering, Inc. (“REI”) acquisition, partially offset by currency translation. Refer to footnote 14 for details regarding this acquisition.

 

Other Intangible Assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 28, 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 

 

$

(10,954)

 

$

4,905 

 

5.7 

Patents

 

10,184 

 

 

(4,179)

 

 

6,005 

 

15.3 

Trademarks and trade names

 

6,080 

 

 

(1,384)

 

 

4,696 

 

30.2 

Land-use rights

 

1,254 

 

 

(144)

 

 

1,110 

 

47.8 

Total

$

33,377 

 

$

(16,661)

 

$

16,716 

 

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 June 28, 2014 and June 29, 2013 was $0.9 million. Amortization expense recognized during each of the nine fiscal months ended June 28, 2014 and June 29, 2013 was $2.8 million.