XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill And Intangible Assets | 9 Months Ended
--- | ---
Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows:
| Aircraft Controls | Space and Defense Controls | Industrial Systems | Total
Balance at October 2, 2021 | $ | 210,779 |  | $ | 261,767 |  | $ | 379,059 |  | $ | 851,605 |
Acquisition | 5,198 |  | — |  | — |  | 5,198 |
Divestiture | (6,961) |  | — |  | — |  | (6,961) |
Foreign currency translation | (5,819) |  | (94) |  | (17,622) |  | (23,535) |
Balance at July 2, 2022 | $ | 203,197 |  | $ | 261,673 |  | $ | 361,437 |  | $ | 826,307 |
Goodwill in our Space and Defense Controls segment is net of a $4,800 accumulated impairment loss at July 2, 2022. Goodwill in our Medical Devices reporting unit, included in our Industrial Systems segment, is net of a $38,200 accumulated impairment loss at July 2, 2022. The components of intangible assets are as follows:
|  |  |  | July 2, 2022 |  | October 2, 2021
|  | Weighted- Average Life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer-related |  | 12 |  | $ | 165,048 |  |  | $ | (110,892) |  |  | $ | 163,215 |  |  | $ | (108,844) |
Technology-related |  | 9 |  | 80,458 |  |  | (59,771) |  |  | 82,716 |  |  | (58,119) |
Program-related |  | 23 |  | 37,250 |  |  | (19,464) |  |  | 40,211 |  |  | (19,707) |
Marketing-related |  | 8 |  | 28,121 |  |  | (22,599) |  |  | 28,590 |  |  | (22,212) |
Other |  | 10 |  | 1,800 |  |  | (1,576) |  |  | 1,963 |  |  | (1,718) |
Intangible assets |  | 12 |  | $ | 312,677 |  |  | $ | (214,302) |  |  | $ | 316,695 |  |  | $ | (210,600) |
Substantially all acquired intangible assets other than goodwill are being amortized. Customer-related intangible assets primarily consist of customer relationships. Technology-related intangible assets primarily consist of technology, patents, intellectual property and software. Program-related intangible assets consist of long-term programs represented by current contracts and probable follow on work. Marketing-related intangible assets primarily consist of trademarks, trade names and non-compete agreements. Amortization of acquired intangible assets is as follows:
| Three Months Ended |  | Nine Months Ended
| July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Acquired intangible asset amortization | $ | 3,235 |  |  | $ | 3,555 |  |  | $ | 9,962 |  |  | $ | 9,974 |
Based on acquired intangible assets recorded at July 2, 2022, amortization is estimated to be approximately:
| 2022 | 2023 | 2024 | 2025 | 2026
Estimated future amortization of acquired intangible assets | $ | 13,200 |  | $ | 12,700 |  | $ | 12,000 |  | $ | 10,800 |  | $ | 10,600 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration