XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill And Intangible Assets
9 Months Ended
Jul. 01, 2023
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 October 1, 2022$199,519 $259,407 $346,394 $805,320 
Adjustments to prior year acquisitions122 — — 122 
Foreign currency translation6,233 100 17,445 23,778 
Balance at July 1, 2023$205,874 $259,507 $363,839 $829,220 
Goodwill in our Space and Defense Controls segment is net of a $4,800 accumulated impairment loss at July 1, 2023. Goodwill in our Medical Devices reporting unit, included in our Industrial Systems segment, is net of a $38,200 accumulated impairment loss at July 1, 2023.
The components of intangible assets are as follows:
July 1, 2023October 1, 2022
  Weighted-
Average
Life (years)
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer-related11$139,167 $(94,454)$135,899 $(88,179)
Technology-related971,541 (56,556)69,856 (52,951)
Program-related2338,476 (21,838)35,305 (18,817)
Marketing-related822,051 (18,909)21,925 (17,833)
Other101,848 (1,646)1,693 (1,488)
Intangible assets12$273,083 $(193,403)$264,678 $(179,268)
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 EndedNine Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Acquired intangible asset amortization$2,859 $3,235 $8,711 $9,962 
Based on acquired intangible assets recorded at July 1, 2023, amortization is estimated to be approximately:
20232024202520262027
Estimated future amortization of acquired intangible assets$11,800 $10,900 $9,800 $9,600 $8,300