3. Capital Assets:

Property and Equipment

Property and equipment at September 27, 2014 and September 28, 2013 consist of the following:



		2014		2013
	(expressed in thousands)
Land and improvements	$	1,710	$	1,713
Buildings and improvements		54,271		54,823
Machinery and equipment		150,917		145,785
Total		206,898		202,321
Less accumulated depreciation		(125,323)		(123,922)
Property and equipment, net	$	81,575	$	78,399

Goodwill

Goodwill at September 27, 2014 and September 28, 2013 was $26.1 million and $16.6 million, respectively. The change in goodwill during the year ended September 27, 2014 was due to an increase of $9.6 million as a result of the Roehrig Engineering, Inc. (“REI”) acquisition, partially offset by currency translation. Refer to footnote 11 for details regarding this acquisition. The change in goodwill during the year ended September 28, 2013 was due to currency translation.

Other Intangible Assets

Other intangible assets consist of the following:



		September 27, 2014
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
		Amount		Amortization		Value	(in Years)
		(dollar amounts expressed in thousands)
Software development costs	$	16,713	$	(11,644)	$	5,069	5.7
Patents		12,204		(4,453)		7,751	14.4
Trademarks and trade names		6,349		(1,458)		4,891	29.3
Customer lists		2,485		(134)		2,351	8.1
Land-use rights		1,269		(153)		1,116	47.8
Total	$	39,020	$	(17,842)	$	21,178	13.4


		September 28, 2013
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
		Amount		Amortization		Value	(in Years)
		(dollar amounts expressed in thousands)
Software development costs	$	15,860	$	(8,885)	$	6,975	5.7
Patents		10,308		(3,676)		6,632	15.3
Trademarks and trade names		6,149		(1,244)		4,905	30.2
Land-use rights		1,270		(126)		1,144	47.8
Total	$	33,587	$	(13,931)	$	19,656	14.3

Amortization expense recognized during the fiscal years ended September 27, 2014, September 28, 2013, and September 29, 2012 was $3.9 million, $3.7 million, and $3.5 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)
2015	$	4,564
2016	$	2,847
2017	$	1,578
2018	$	1,370
2019	$	1,359

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.