Goodwill And Intangible Assets

6 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill are as follows:



	Balance as of October 1, 2011		Acquisitions		Adjustment To Prior Year Acquisitions			Foreign Currency Translation			Balance as of June 30, 2012
Aircraft Controls	$	194,052	$	—	$	(3,865	)	$	431		$	190,618
Space and Defense Controls	121,416		5,374		—			(593		)	126,197
Industrial Systems	120,834		—		—			(2,673		)	118,161
Components	172,531		7,055		(147		)	862			180,301
Medical Devices	126,188		—		—			(636		)	125,552
Total	$	735,021	$	12,429	$	(4,012	)	$	(2,609	)	$	740,829

The components of acquired intangible assets are as follows:



		June 30, 2012					October 1, 2011
	Weighted - Average Life (years)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer-related	9	$	165,585	$	(76,105	)	$	159,861	$	(64,420	)
Program-related	18	65,375		(12,443		)	64,887		(9,163		)
Technology-related	9	64,862		(33,743		)	61,276		(28,876		)
Marketing-related	9	24,113		(15,511		)	23,669		(13,828		)
Contract-related	3	3,263		(2,989		)	3,238		(2,156		)
Artistic-related	10	25		(25		)	25		(25		)
Acquired intangible assets	11	$	323,223	$	(140,816	)	$	312,956	$	(118,468	)

All acquired intangible assets other than goodwill are being amortized. Customer-related intangible assets primarily consist of customer relationships. Program-related intangible assets consist of long-term programs. Technology-related intangible assets primarily consist of technology, patents, intellectual property and engineering drawings. Marketing-related intangible assets primarily consist of trademarks, trade names and non-compete agreements. Contract-related intangible assets consist of favorable operating lease terms.

Amortization of acquired intangible assets was $7,925 and $23,218 for the three and nine months ended June 30, 2012 and $7,252 and $21,207 for the three and nine months ended July 2, 2011. Based on acquired intangible assets recorded at June 30, 2012, amortization is expected to be approximately $30,901 in 2012, $27,348 in 2013, $24,486 in 2014, $21,473 in 2015 and $19,764 in 2016.

- 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