Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Oct. 03, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Summary of changes in carrying value of goodwill |
The following table summarizes the changes in the carrying value of goodwill: | | | | | | | | | | | | | | | | | | | GSG | | CIG | | Total | | (in thousands)
| Balance at September 29, 2019 | $ | 441,802 | | | $ | 483,018 | | | $ | 924,820 | | Acquisitions | 74,882 | | | 5,294 | | | 80,176 | | Impairment | — | | | (15,800) | | | (15,800) | | Translation and other | (369) | | | 4,671 | | | 4,302 | | Balance at September 27, 2020 | 516,315 | | | 477,183 | | | 993,498 | | Acquisitions | 15,112 | | | 75,479 | | | 90,591 | | | | | | | | Translation and other | 7,006 | | | 17,483 | | | 24,489 | | Balance at October 3, 2021 | $ | 538,433 | | | $ | 570,145 | | | $ | 1,108,578 | | | | | | | | | | | | | | | | | | | |
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Summary of acquired identifiable intangible assets with finite useful lives |
The following table presents the gross amount and accumulated amortization of our acquired identifiable intangible assets with finite useful lives included in "Intangible assets, net" on the consolidated balance sheets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | | | October 3, 2021 | | September 27, 2020 | | Weighted- Average Remaining Life (in years) | | Gross Amount | | Accumulated Amortization | | Net Amount | | Gross Amount | | Accumulated Amortization | | Net Amount | | ($ in thousands) | | | | | | | | | | | | | | | | | Client relations | 7.3 | | $ | 69,455 | | | $ | (43,984) | | | $ | 25,471 | | | $ | 60,775 | | | $ | (53,392) | | | $ | 7,383 | | Backlog | 0.7 | | 34,577 | | | (30,670) | | | 3,907 | | | 37,682 | | | (32,761) | | | 4,921 | | Technology and trade names | 3.8 | | 14,939 | | | (6,327) | | | 8,612 | | | 7,964 | | | (6,325) | | | 1,639 | | Total | | | $ | 118,971 | | | $ | (80,981) | | | $ | 37,990 | | | $ | 106,421 | | | $ | (92,478) | | | $ | 13,943 | |
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Estimated amortization expense for the succeeding five years and beyond |
Estimated amortization expense for the succeeding five fiscal years and beyond is as follows: | | | | | | | Amount | | (in thousands)
| 2022 | $ | 9,664 | | 2023 | 7,591 | | 2024 | 4,983 | | 2025 | 4,348 | | 2026 | 3,967 | | Beyond | 7,437 | | Total | $ | 37,990 | | | | | |
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