Goodwill and Intangible Assets

12 Months Ended

Sep. 26, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

5. GOODWILL AND INTANGIBLE ASSETS

The following table reflects the activity of goodwill by reportable operating segment:

(In millions)	Oncology Systems		Imaging Components		Other			Total
Balance at September 28, 2012	$	132.0	$	33.2	$	57.0		$	222.2
Foreign currency translation adjustments		-		-		3.1			3.1
Balance at September 27, 2013		132.0		33.2		60.1			225.3
Acquisition of business		16.3		2.8		-			19.1
Foreign currency translation adjustments		-		-		(3.8	)		(3.8	)
Balance at September 26, 2014	$	148.3	$	36.0	$	56.3		$	240.6

The following table reflects the gross carrying amount and accumulated amortization of the Company’s finite-lived intangible assets included in other assets in the Consolidated Balance Sheets:

	September 26,			September 27,
(In millions)	2014			2013
Intangible Assets:
Acquired existing technology	$	54.6		$	36.6
Patents, licenses and other		28.8			29.0
Customer contracts and supplier relationship		12.4			10.9
Accumulated amortization		(56.9	)		(53.1	)
Net carrying amount	$	38.9		$	23.4

As of September 26, 2014, the Company also had $2.0 million of in-process research and development asset acquired as part of the Company’s acquisition of Transpire, Inc. See Note 15 “Business Combinations” for additional information. Amortization expense for intangible assets was $4.8 million, $4.3 million and $4.9 million for fiscal years 2014, 2013 and 2012, respectively. The Company estimates that the amortization expense for fiscal years 2015 through 2019, and thereafter, will be as follows (in millions): $8.7, $8.1, $5.2, $5.0, $5.0, and $6.9, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details