Property and Equipment, net

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following at September 30:



	2014			2013
	(in thousands)
Machinery and equipment	$	66,629		$	56,144
Furniture and fixtures	3,708			3,717
Land, buildings and improvements	48,891			40,665
	119,228			100,526
Less accumulated depreciation and amortization	(60,381		)	(54,022		)
	$	58,847		$	46,504

During the fourth quarter of fiscal 2012, the Company recorded a $1.2 million impairment charge, which was included in operating expenses, to write-down certain assets to their estimated fair value.

The Company rents certain floors in its office building in Hsinchu, Taiwan to third parties. These leases are cancelable with two months to four months notice. The value of the assets leased to others is included in property and equipment, net in the Company’s balance sheet. Rental income and the depreciation of the assets are included in other income (expense), net. Rental income was approximately $1.0 million, $1.2 million and $1.3 million, in fiscal 2014, fiscal 2013 and fiscal 2012, respectively. Depreciation of the assets was approximately $0.1 million in each of fiscal 2014, fiscal 2013 and fiscal 2012.

The assets leased consisted of the following at September 30:



	2014			2013
	(in thousands)
Buildings and improvements	$	7,406		$	9,441
Less accumulated depreciation	(4,623		)	(5,650		)
	$	2,783		$	3,791

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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