XML 106 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill And Intangible Assets
 6 Months Ended
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are as follows:
 
Aircraft
Controls
Space and
Defense
Controls
Industrial
Systems
Total
Balance at September 28, 2019
$
176,939

$
261,684

$
345,617

$
784,240

Acquisitions
—

—

25,034

25,034

Divestitures
—

—

(635
)
(635
)
Foreign currency translation
668

11

1,036

1,715

Balance at March 28, 2020
$
177,607

$
261,695

$
371,052

$
810,354


Goodwill in our Space and Defense Controls segment is net of a $4,800 accumulated impairment loss at March 28, 2020.
Goodwill in our Medical Devices reporting unit, included in our Industrial Systems segment, is net of a $38,200 accumulated impairment loss at March 28, 2020.
The components of intangible assets are as follows:
 
 
 
 
March 28, 2020
 
September 28, 2019
  
 
Weighted-
Average
Life (years)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Customer-related
 
11
 
$
141,843

 
$
(100,430
)
 
$
132,697

 
$
(100,091
)
Technology-related
 
9
 
77,471

 
(52,042
)
 
69,220

 
(52,192
)
Program-related
 
19
 
62,684

 
(37,937
)
 
62,015

 
(35,680
)
Marketing-related
 
8
 
25,222

 
(20,390
)
 
23,139

 
(19,899
)
Other
 
10
 
4,134

 
(3,813
)
 
4,061

 
(3,624
)
Intangible assets
 
12
 
$
311,354

 
$
(214,612
)
 
$
291,132

 
$
(211,486
)


Substantially all acquired intangible assets other than goodwill are being amortized. Customer-related intangible assets primarily consist of customer relationships. Technology-related intangible assets primarily consist of technology, patents, intellectual property and software. Program-related intangible assets consist of long-term programs represented by current contracts and probable follow on work. Marketing-related intangible assets primarily consist of trademarks, trade names and non-compete agreements.
Amortization of acquired intangible assets is as follows:
 
Three Months Ended
 
Six Months Ended
 
March 28, 2020
 
March 30, 2019
 
March 28, 2020
 
March 30, 2019
Acquired intangible asset amortization
$
3,330

 
$
3,402

 
$
6,553

 
$
7,085


Based on acquired intangible assets recorded at March 28, 2020, amortization is estimated to be approximately:
 
2020
2021
2022
2023
2024
Estimated future amortization of acquired intangible assets
$
13,200

$
12,200

$
10,800

$
9,900

$
9,500