Note 17 Acquisition

12 Months Ended

Oct. 01, 2011

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisition

In 2010, the Company completed its purchase of all outstanding stock of BreconRidge Corporation, a design, engineering and manufacturing services provider for RF/microwave and micro/opto-electronics products for the networking/communications, medical, industrial, aerospace and defense markets. The acquisition provides advanced broadband technology and strengthens the Company's optical technology and research and development capabilities.

The fair value of consideration transferred in connection with the acquisition was $33.7 million, of which the last payment of $2.0 million is expected to be paid by December 31, 2011. Under ASC Topic 805, Business Combinations, which the Company adopted effective at the beginning of 2010, purchase consideration was allocated to identifiable assets acquired and liabilities assumed based on their estimated fair values as follows:

	(In thousands)
Current assets	$	52,730
Non-current assets, including identifiable intangible assets of $7.6 million and goodwill of $21.8 million	42,033
Current liabilities	(60,304		)
Non-current liabilities	(721		)
Total	$	33,738

Goodwill is recorded in other non-current assets on the consolidated balance sheet and is primarily attributable to expected synergies from combining the operations of the two companies as well as the technical know-how of BreconRidge's assembled workforce and is not deductible for tax purposes. Identifiable intangible assets of $7.6 million consist of customer relationships and order backlog and are being amortized over periods ranging from 18 months to 60 months.