Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.5.0.2
Goodwill and Intangible Assets
9 Months Ended
Jul. 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):
 
July 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

$
(2,359
)
$
15,171

 
$
17,530

$
(1,896
)
$
15,634

 
20 – 30 yrs
Customer relationships
7,220

(3,928
)
3,292

 
7,220

(3,664
)
3,556

 
20 yrs
Technology
1,220

(795
)
425

 
1,220

(703
)
517

 
10 yrs
License agreements
2,100

(294
)
1,806

 
2,100

(216
)
1,884

 
15 – 30 yrs
Non-compete agreements
1,287

(816
)
471

 
1,287

(716
)
571

 
4 – 8.5 yrs
Total intangibles
$
29,357

$
(8,192
)
$
21,165

 
$
29,357

$
(7,195
)
$
22,162

 
 


Amortization expense for intangible assets was $0.3 million for each of the three-month periods ended July 2, 2016, and June 27, 2015, and $1.0 million for each of the nine month periods ended July 2, 2016, and June 27, 2015. 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.