Goodwill and Intangible Assets

12 Months Ended

Oct. 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

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 27, 2013	$	132.0	$	33.2	$	60.1		$	225.3
Business combinations	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
Business combinations	10.5		38.7		—			49.2
Foreign currency translation adjustments	—		—		(6.3		)	(6.3		)
Balance at October 2, 2015	$	158.8	$	74.7	$	50.0		$	283.5

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



	October 2,			September 26,
(In millions)	2015			2014
Finite-lived intangible assets:
Acquired existing technology	$	71.7		$	54.6
Patents, licenses and other	35.3			28.8
Customer contracts and supplier relationship	20.1			12.4
Accumulated amortization	(65.1		)	(56.9		)
Net carrying amount	$	62.0		$	38.9

As of October 2, 2015 and September 26, 2014, the Company also had $10.6 million and $2.0 million, respectively, of IPR&D assets acquired as part of the Company’s business acquisitions. See Note 15, "Business Combinations" for additional information. Amortization expense for intangible assets was $8.4 million, $4.8 million and $4.3 million for fiscal years 2015, 2014 and 2013, respectively. The Company estimates that the amortization expense for intangible assets for fiscal years 2016 through 2020, and thereafter, will be as follows (in millions): $13.1, $13.4, $9.6, $9.0, $7.7, and $9.2, 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.

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