XML 26 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
License Fee Income
6 Months Ended
Mar. 30, 2018
Revenues [Abstract]  
License Fee Income

Note 8 – License Fee Income

On January 4, 2018, the Company granted an exclusive license to a third party to manufacture, repair and sell certain legacy avionics components for $4.5 million.  In addition, the Company sold $0.4 million in inventory.  The Company will be paid a 15% royalty on future sales of the licensed product.  The Company recorded $2.3 million in license fee income, net of the write-off of the related intangible assets of $2.2 million.  On December 22, 2017, the Company granted an exclusive license to a third party to manufacture, repair and sell certain legacy control devices for $3.0 million.  Additionally, the Company sold certain inventory and manufacturing equipment to the licensee for $1.0 million.  The Company will be paid a 15% royalty on future sales of the licensed product.  The license fee income is reported as a separate line item on the Consolidated Statement of Operations and Comprehensive Income (Loss) and is included in Avionics & Controls segment earnings.