Note 7 - Intangible Assets

12 Months Ended

Oct. 01, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)	Weighted-Average Useful Life (Years)		Gross		Accumulated Amortization			Net Book Value
Year ended October 1, 2016:
Customer relationships		20.0	$	6,500	$	(693	)	$	5,807
Developed technology and know-how		20.0		1,800		(192	)		1,608
Non-competition agreements		4.8		3,577		(1,929	)		1,648
			$	11,877	$	(2,814	)	$	9,063
Year ended October 3, 2015:
Customer relationships		20.0	$	6,500	$	(369	)	$	6,131
Developed technology and know-how		20.0		1,800		(102	)		1,698
Non-competition agreements		4.8		3,577		(1,186	)		2,391
			$	11,877	$	(1,657	)	$	10,220

Amortization expense for intangibles was $1.2 million in 2016, $1.1 million in 2015 and $438,000 in 2014. Amortization expense for the next five years, assuming no change in the estimated useful lives of identified intangible assets, is $1.1 million in 2017, $918,000 in 2018, $705,000 in 2019, $537,000 in 2020 and $414,000 in 2021.