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Capital Assets
 12 Months Ended
Sep. 29, 2012
Capital Assets [Abstract]  
Capital Assets

3. Capital Assets:

 

Property and Equipment

Property and equipment at September 29, 2012 and October 1, 2011 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

(expressed in thousands)

Land and improvements

$
1,711 

 

$
1,713 

Buildings and improvements

 
53,545 

 

 
52,764 

Machinery and equipment

 
118,838 

 

 
108,143 

Total

 
174,094 

 

 
162,620 

Less accumulated depreciation

 
(112,441)

 

 
(106,368)

Property and equipment, net

$
61,653 

 

$
56,252 

 

 

 

 

 

 

 

 

Goodwill

Goodwill at September 29, 2012 and October 1, 2011 was $16.2 million and $16.0 million, respectively. The increase in goodwill during each of the years ended September 29, 2012 and October 1, 2011 was due to currency translation.

 

Other Intangible Assets

Other intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 29, 2012

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

 

(expressed in thousands)

 

 

Software development costs

$
15,860 

 

$
(6,125)

 

$
9,735 

 
5.7 

Patents

 
10,073 

 

 
(2,871)

 

 
7,202 

 
15.3 

Trademarks and trade names

 
6,020 

 

 
(1,024)

 

 
4,996 

 
30.2 

Land-use rights

 
1,241 

 

 
(97)

 

 
1,144 

 
47.8 

Total

$
33,194 

 

$
(10,117)

 

$
23,077 

 
14.3 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 1, 2011

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

 

(expressed in thousands)

 

 

Software development costs

$
15,370 

 

$
(3,574)

 

$
11,796 

 
5.8 

Patents

 
9,903 

 

 
(2,114)

 

 
7,789 

 
15.3 

Trademarks and trade names

 
5,924 

 

 
(815)

 

 
5,109 

 
30.2 

Land-use rights

 
1,219 

 

 
(70)

 

 
1,149 

 
47.8 

Total

$
32,416 

 

$
(6,573)

 

$
25,843 

 
14.5 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense recognized during the fiscal years ended September 29, 2012, October 1, 2011, and October 2, 2010 was $3.5 million,  $3.3 million, and $3.0 million, respectively. The estimated future amortization expense related to other intangible assets for the next five fiscal years is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

Fiscal Year

 

 

Expense

 

 

 

(expressed in

 

 

 

thousands)

2013

 

$
3,705 

2014

 

$
3,704 

2015

 

$
3,693 

2016

 

$
2,181 

2017

 

$
916 

 

 

Future amortization amounts presented above are estimates. Actual future amortization expense may be different, due to future acquisitions, impairments, changes in amortization periods, or other factors.