NOTE 6CAPITAL ASSETS

Property and Equipment

Property and equipment was as follows:


		April 2,		October 3,
(in thousands)		2016		2015
Land and improvements	$	1,706	$	1,705
Buildings and improvements		53,528		53,097
Machinery and equipment		171,599		162,472
Property and equipment, gross		226,833		217,274

Less accumulated depreciation		(144,247)		(136,820)
Property and equipment, net	$	82,586	$	80,454

Goodwill

Changes to the carrying value of goodwill were as follows:


(in thousands)		Test		Sensors		Total
Balance, October 3, 2015	$	26,243	$	1,434	$	27,677
Adjustment related to finalization
of purchase accounting1		(530)		-		(530)
Currency translation gain (loss)		(244)		14		(230)
Balance, April 2, 2016	$	25,469	$	1,448	$	26,917

1 Goodwill from our acquisition of Instrument and Calibration Sweden AB (ICS) was determined to be customer lists and reclassified to intangible assets. Refer to Note 16 for information related to our acquisition of ICS.

Intangible Assets

Intangible assets were as follows:


		April 2, 2016
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
(in thousands)		Amount		Amortization		Value	(in Years)
Software development costs	$	21,235	$	(14,492)	$	6,743	6.1
Patents		11,677		(5,503)		6,174	14.5
Trademarks and trade names		6,073		(1,755)		4,318	29.4
Customer lists		3,116		(792)		2,324	7.5
Land-use rights		1,207		(183)		1,024	47.8
Total	$	43,308	$	(22,725)	$	20,583	12.9


		October 3, 2015
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
(in thousands)		Amount		Amortization		Value	(in Years)
Software development costs	$	19,546	$	(14,046)	$	5,500	6.2
Patents		11,838		(5,141)		6,697	14.5
Trademarks and trade names		6,163		(1,659)		4,504	29.4
Customer lists		2,561		(610)		1,951	8.1
Land-use rights		1,227		(173)		1,054	47.8
Total	$	41,335	$	(21,629)	$	19,706	13.4

Amortization expense recognized during the three months ended April 2, 2016 and March 28, 2015 was $596 and $1,051, respectively. Amortization expense recognized during the six months ended April 2, 2016 and March 28, 2015 was $1,197 and $2,090, respectively. The estimated future amortization expense related to intangible assets for the next five fiscal years is as follows:


Fiscal Year	Amortization Expense (in thousands)
Remainder of 2016	$	1,199
2017	$	2,398
2018	$	1,537
2019	$	1,276
2020	$	1,245
2021	$	1,134

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.