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Capital Assets
 9 Months Ended
Jun. 27, 2015
Capital Assets [Abstract]  
Capital Assets

6. Capital Assets

 

Property and Equipment

Property and equipment as of June  27, 2015 and September 27, 2014 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 27,

 

 

September 27,

 

 

2015

 

 

2014

 

(in thousands)

Land and improvements

$
1,705 

 

$
1,710 

Buildings and improvements

 
52,925 

 

 
54,271 

Machinery and equipment

 
158,727 

 

 
150,917 

Total

 
213,357 

 

 
206,898 

Less accumulated depreciation

 
(133,793)

 

 
(125,323)

Property and equipment, net

$
79,564 

 

$
81,575 

 

 

 

 

 

 

 

Goodwill

Goodwill as of June  27, 2015 and September 27, 2014 was $27.5 million and $26.1 million, respectively. During the three months ended December 27, 2014, the Company recognized an adjustment of $1.7 million related to a deferred tax liability as part of the provisional allocation of the Roehrig Engineering, Inc. (“REI”) purchase price assigned to the assets acquired and liabilities assumed. Refer to Note 16 for details regarding this acquisition.

 

Other Intangible Assets

Other intangible assets as of June  27, 2015 and September 27, 2014 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 27, 2015

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts in thousands)

Software development costs

$
18,607 

 

$
(13,446)

 

$
5,161 

 
6.3 

Patents

 
12,127 

 

 
(5,085)

 

 
7,042 

 
14.5 

Trademarks and trade names

 
6,293 

 

 
(1,628)

 

 
4,665 

 
29.4 

Customer List

 
2,562 

 

 
(548)

 

 
2,014 

 
8.1 

Land-use rights

 
1,256 

 

 
(171)

 

 
1,085 

 
47.8 

Total

$
40,845 

 

$
(20,878)

 

$
19,967 

 
13.7 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 27, 2014

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Value

 

(in Years)

 

(dollar amounts 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 List

 
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 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense recognized during the three months ended June 27, 2015 and June  28, 2014 was $1.0 million and $0.9 million, respectively. Amortization expense recognized during the nine months ended June 27, 2015 and June  28, 2014 was $3.1 million and $2.8 million, respectively.