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Acquisitions & Divestitures
12 Months Ended
Oct. 01, 2016
Business Combinations [Abstract]  
Acquisitions and Divestitures
Acquisitions and Divestitures
In 2016, we acquired a 70% ownership in Linear Mold and Engineering, a Livonia, Michigan-based company specializing in metal additive manufacturing that provides engineering, manufacturing and production consulting services to customers across a wide range of industries, including aerospace, defense, energy and industrial. The purchase price, net of acquired cash, was $22,765 consisting of $11,016 in cash, issuance of a $1,280 unsecured note and assumption of $10,469 of debt. The acquisition also includes a redeemable noncontrolling interest in the remaining 30%, which is exercisable beginning three years from the date of acquisition. This acquisition is included in our Space and Defense Controls segment. Purchase price allocations for the acquisition are complete.

In 2015, we sold the Rochester, New York and Erie, Pennsylvania life sciences operations of our Components segment for $2,988 in cash.
On November 3, 2016, we sold our Bradford Engineering B.V. operation located in the Netherlands for approximately $1,300 in cash. This operation was included in our Space and Defense Controls segment. This transaction will be recorded in our financial statements in the first quarter of 2017. We are currently evaluating the financial statement impact, which potentially includes an income tax benefit associated with this transaction.