Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.6.0.2
Goodwill and Intangible Assets
3 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Components of intangible assets consist of the following (in thousands):
 
December 31, 2016
 
October 1, 2016
 
 
 
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
$
17,620

$
(2,670
)
$
14,950

 
$
17,620

$
(2,514
)
$
15,106

 
20 – 30 yrs
Customer relationships
7,220

(4,106
)
3,114

 
7,220

(4,016
)
3,204

 
20 yrs
Technology
1,220

(856
)
364

 
1,220

(826
)
394

 
10 yrs
License agreements
2,100

(346
)
1,754

 
2,100

(320
)
1,780

 
15 – 30 yrs
Non-compete agreements
1,287

(882
)
405

 
1,287

(849
)
438

 
4 – 8.5 yrs
Total intangibles
$
29,447

$
(8,860
)
$
20,587

 
$
29,447

$
(8,525
)
$
20,922

 
 


Amortization expense for intangible assets was $0.3 million for each of the three-month periods ended December 31, 2016, and January 2, 2016. Amortization expense is estimated to be approximately $1.3 million for fiscal years 2017, 2018, and 2019, $1.2 million for fiscal year 2020 and $1.1 million for fiscal year 2021.