Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.3.1.900
Goodwill and Intangible Assets
3 Months Ended
Jan. 02, 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):
 
January 2, 2016
 
October 3, 2015
 
 
 
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

$
(2,050
)
$
15,480

 
$
17,530

$
(1,896
)
$
15,634

 
20 – 30 yrs
Customer relationships
7,220

(3,752
)
3,468

 
7,220

(3,664
)
3,556

 
20 yrs
Technology
1,220

(734
)
486

 
1,220

(703
)
517

 
10 yrs
License agreements
2,100

(242
)
1,858

 
2,100

(216
)
1,884

 
15 – 30 yrs
Non-compete agreements
1,287

(749
)
538

 
1,287

(716
)
571

 
4 – 8.5 yrs
Total intangibles
$
29,357

$
(7,527
)
$
21,830

 
$
29,357

$
(7,195
)
$
22,162

 
 


Amortization expense for intangible assets was $0.3 million for each of the three months ended January 2, 2016, and December 27, 2014. Amortization expense is estimated to be approximately $1.3 million for fiscal years 2016, 2017, 2018, and 2019, $1.2 million for fiscal year 2020 and $1.1 million for fiscal year 2021.