Intangible Assets

12 Months Ended

Oct. 25, 2013

NOTE 4: Intangible Assets

Intangible assets at the end of fiscal 2013 and 2012 were as follows:


In Thousands			2013				2012
	Weighted Average Years Useful Life		Gross Carrying Amount		Accum. Amort.		Gross Carrying Amount		Accum. Amort.

Amortized Intangible Assets:
Programs		15	$	726,049	$	251,437	$	701,396	$	202,333
Core technology		16		9,589		6,711		9,589		6,112
Patents and other		12		93,291		37,024		96,721		38,140

Total			$	828,929	$	295,172	$	807,706	$	246,585


Indefinite-lived Intangible Assets:
Trademark			$	47,192			$	47,924

Programs represent the valuation of systems or components sold under long-term supply agreements with aerospace companies, military contractors, and OEM manufacturers using similar technology. The valuation of the program includes the values of the program-specific technology, the backlog of contracts, and the relationship with customers which lead to potential future contracts. The valuation of the program is based upon its discounted cash flow at a market-based discount rate.

Amortization of intangible assets was $54,998,000, $53,523,000, and $40,539,000 in fiscal years 2013, 2012, and 2011, respectively.

Estimated amortization expense related to intangible assets for each of the next five fiscal years is as follows:

In Thousands


Fiscal Year

2014	$	57,495
2015		56,286
2016		55,686
2017		54,511
2018		53,847