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Capital Assets
 3 Months Ended
Dec. 27, 2014
Capital Assets [Abstract]  
Capital Assets

4. Capital Assets

 

Property and Equipment

Property and equipment at December 27, 2014 and September 27, 2014 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 27,

 

 

September 27,

 

 

2014

 

 

2014

 

(expressed in thousands)

Land and improvements

$
1,708 

 

$
1,710 

Buildings and improvements

 
53,606 

 

 
54,271 

Machinery and equipment

 
153,465 

 

 
150,917 

Total

 
208,779 

 

 
206,898 

Less accumulated depreciation

 
(127,912)

 

 
(125,323)

Property and equipment, net

$
80,867 

 

$
81,575 

 

 

 

 

 

 

 

Goodwill

 

Goodwill at December 27, 2014 and September 27,  2014 was $27.6 million and $26.1 million, respectively. During the First Quarter of Fiscal year 2015, the Company recognized an adjustment of $1.7 million related to a deferred tax liability as part of the provisional allocation of the Roehrig Engineering, Inc.  (“REI”) purchase price assigned to the assets acquired and liabilities assumed. Refer to footnote 14 for details regarding this acquisition.

 

Other Intangible Assets

Other intangible assets at December 27,  2014 and September 27, 2014 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 27, 2014

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts expressed in thousands)

Software development costs

$
17,312 

 

$
(12,244)

 

$
5,068 

 
6.4 

Patents

 
12,151 

 

 
(4,643)

 

 
7,508 

 
14.5 

Trademarks and trade names

 
6,303 

 

 
(1,509)

 

 
4,794 

 
29.4 

Customer List

 
2,562 

 

 
(274)

 

 
2,288 

 
8.1 

Land-use rights

 
1,258 

 

 
(158)

 

 
1,100 

 
47.8 

Total

$
39,586 

 

$
(18,828)

 

$
20,758 

 
14.0 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 27, 2014

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts expressed in thousands)

Software development costs

$
16,713 

 

$
(11,644)

 

$
5,069 

 
5.7 

Patents

 
12,204 

 

 
(4,453)

 

 
7,751 

 
14.4 

Trademarks and trade names

 
6,349 

 

 
(1,458)

 

 
4,891 

 
29.3 

Customer List

 
2,485 

 

 
(134)

 

 
2,351 

 
8.1 

Land-use rights

 
1,269 

 

 
(153)

 

 
1,116 

 
47.8 

Total

$
39,020 

 

$
(17,842)

 

$
21,178 

 
13.4 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense recognized during the first quarter ended December 27, 2014 and December 28, 2013 was $1.0 million and $0.9 million, respectively.