Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.2.0.727
Goodwill and Intangible Assets
9 Months Ended
Jun. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Components of intangible assets consist of the following (in thousands):
 
June 27, 2015
 
September 27, 2014
 
 
 
Cost
Accumulated Amortization
Net Value
 
Cost
Accumulated Amortization
Net Value
 
Economic Life
 
 
 
 
 
 
 
 
 
 
Goodwill
$
36,729

$

$
36,729

 
$
36,729

$

$
36,729

 
N/A
 
 
 
 
 
 
 
 
 
 
Intangibles:
 
 
 
 
 
 
 
 
 
Tradename/trademarks
$
17,530

$
(1,741
)
$
15,789

 
$
17,530

$
(1,281
)
$
16,249

 
20 – 30 yrs
Customer relationships
7,220

(3,567
)
3,653

 
7,220

(3,298
)
3,922

 
20 yrs
Technology
1,220

(674
)
546

 
1,220

(582
)
638

 
10 yrs
License agreements
2,100

(191
)
1,909

 
2,100

(113
)
1,987

 
15 – 30 yrs
Non-compete agreements
1,287

(681
)
606

 
1,287

(583
)
704

 
4 – 8.5 yrs
Total intangibles
$
29,357

$
(6,854
)
$
22,503

 
$
29,357

$
(5,857
)
$
23,500

 
 


Amortization expense for intangible assets was $0.3 million for the three months ended June 27, 2015, and $0.4 million for the three months ended June 28, 2014. Amortization expense for intangible assets was $1.0 million for the nine months ended June 27, 2015, and $1.1 million for the nine months ended June 28, 2014. Amortization expense is estimated to be approximately $1.4 million for fiscal year 2015 and $1.3 million for each of fiscal years 2016, 2017, 2018 and 2019.