NOTE 3CAPITAL ASSETS

Property and Equipment

Property and equipment at October 3, 2015 and September 27, 2014 consist of the following:



(in thousands)		2015		2014
Land and improvements	$	1,705	$	1,710
Buildings and improvements		53,097		54,271
Machinery and equipment		162,472		150,917
Total		217,274		206,898

Less accumulated depreciation		(136,820)		(125,323)
Property and equipment, net	$	80,454	$	81,575

Goodwill

Changes to the carrying amount of goodwill are as follows:


(in thousands)		Test		Sensors		Total
Balance, September 28, 2013	$	15,028	$	1,596	$	16,624
Acquisitions1		9,563		-		9,563
Currency translation gain (loss)		(7)		(57)		(64)
Balance, September 27, 2014	$	24,584	$	1,539	$	26,123
Acquisitions1		533		-		533
Adjustment related to finalization
of purchase accounting1		1,619		-		1,619
Currency translation gain (loss)		(493)		(105)		(598)
Balance, October 3, 2015	$	26,243	$	1,434	$	27,677

1 Refer to Note 11 for information related to our acquisitions.

During the fourth quarter of fiscal years 2015 and 2014, we completed our annual goodwill impairment test with no impairments to the reporting unit carrying values identified.

Other Intangible Assets

Other intangible assets consist of the following:



		October 3, 2015
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
(in thousands)		Amount		Amortization		Value	(in Years)
Software development costs	$	19,546	$	(14,046)	$	5,500	6.2
Patents		11,838		(5,141)		6,697	14.5
Trademarks and trade names		6,163		(1,659)		4,504	29.4
Customer lists		2,561		(610)		1,951	8.1
Land-use rights		1,227		(173)		1,054	47.8
Total	$	41,335	$	(21,629)	$	19,706	13.4


		September 27, 2014
							Weighted
							Average
		Gross Carrying		Accumulated		Net Carrying	Useful Life
(in thousands)		Amount		Amortization		Value	(in Years)
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

Amortization expense recognized during fiscal years 2015, 2014 and 2013 was $4,058, $3,918 and $3,719, respectively. The estimated future amortization expense related to other intangible assets for the next five fiscal years is as follows:



Fiscal Year	Amortization Expense (in thousands)
2016	$	2,302
2017	$	2,302
2018	$	1,219
2019	$	1,177
2020	$	1,146

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.