| INTANGIBLE ASSETS |
7. INTANGIBLE ASSETS
Intangible assets include an indefinite-lived trade name with a carrying value of $3.4 million and the following
amortizable intangible assets (in thousands):
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|
|
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Total |
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|
Acquired
Technology |
|
|
Customer
Relationships |
|
|
Weighted-
Average
Amortization
Period
(Years) |
|
|
Intangible assets - at September 30, 2011
|
|
$ |
26,154 |
|
|
$ |
13,754 |
|
|
$ |
12,400 |
|
|
|
|
|
|
Less accumulated amortization
|
|
|
(7,473 |
) |
|
|
(4,371 |
) |
|
|
(3,102 |
) |
|
|
|
|
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|
|
|
|
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|
|
|
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Intangible assets - net at September 30, 2011
|
|
$ |
18,681 |
|
|
$ |
9,383 |
|
|
$ |
9,298 |
|
|
|
6.2 |
|
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|
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|
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Intangible assets - at June 29, 2012
|
|
$ |
26,154 |
|
|
$ |
13,754 |
|
|
$ |
12,400 |
|
|
|
|
|
|
Less accumulated amortization
|
|
|
(9,392 |
) |
|
|
(5,518 |
) |
|
|
(3,874 |
) |
|
|
|
|
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|
|
|
|
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|
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Intangible assets - net at June 29, 2012
|
|
$ |
16,762 |
|
|
$ |
8,236 |
|
|
$ |
8,526 |
|
|
|
5.5 |
|
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|
|
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|
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Amortization expense
related to the Company’s amortized intangible assets is as follows (in thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
June 29,
2012 |
|
|
July 1,
2011 |
|
|
June 29,
2012 |
|
|
July 1,
2011 |
|
|
Cost of revenue
|
|
$ |
383 |
|
|
$ |
443 |
|
|
$ |
1,147 |
|
|
$ |
1,207 |
|
|
Selling, general and administrative
|
|
|
257 |
|
|
|
296 |
|
|
|
772 |
|
|
|
811 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
640 |
|
|
$ |
739 |
|
|
$ |
1,919 |
|
|
$ |
2,018 |
|
| |
|
|
|
|
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|
|
|
|
|
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|
|
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Estimated amortization of the intangible assets in future fiscal years as of June 29, 2012 (in thousands):
| |
|
|
|
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|
2012 (rest of fiscal year)
|
|
$ |
640 |
|
|
2013
|
|
|
3,272 |
|
|
2014
|
|
|
3,277 |
|
|
2015
|
|
|
3,439 |
|
|
2016
|
|
|
2,850 |
|
|
Thereafter
|
|
|
3,284 |
|
| |
|
|
|
|
|
Total
|
|
$ |
16,762 |
|
| |
|
|
|
|
|