XML 97 R16.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill And Intangible Assets | 12 Months Ended
--- | ---
Sep. 30, 2023
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 3, 2020 | $ | 179,521 |  | $ | 261,726 |  | $ | 380,609 |  | $ | 821,856 |
Acquisition | 29,123 |  | — |  | — |  | 29,123 |
Divestiture | (312) |  | — |  | (3,092) |  | (3,404) |
Foreign currency translation | 2,447 |  | 41 |  | 1,542 |  | 4,030 |
Balance at October 2, 2021 | 210,779 |  | 261,767 |  | 379,059 |  | 851,605 |
Acquisition | 5,344 |  | — |  | — |  | 5,344 |
Divestitures | (6,961) |  | (2,205) |  | (4,137) |  | (13,303) |
Foreign currency translation | (9,643) |  | (155) |  | (28,528) |  | (38,326) |
Balance at October 1, 2022 | 199,519 |  | 259,407 |  | 346,394 |  | 805,320 |
Adjustments to prior year acquisitions | 122 |  | — |  | — |  | 122 |
Foreign currency translation | 4,247 |  | 68 |  | 11,544 |  | 15,859 |
Balance at September 30, 2023 | $ | 203,888 |  | $ | 259,475 |  | $ | 357,938 |  | $ | 821,301 |
Goodwill in our Space and Defense Controls segment is net of a $4,800 accumulated impairment loss at September 30, 2023. Goodwill in our Medical Devices reporting unit, included in our Industrial Systems segment, is net of a $38,200 accumulated impairment loss at September 30, 2023. The components of intangible assets are as follows:
|  | September 30, 2023 | October 1, 2022
| Weighted- Average Life (years) | Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization
Customer-related | 11 | $ | 133,269 |  | $ | (93,648) |  | $ | 135,899 |  | $ | (88,179) |
Technology-related | 9 | 69,242 |  | (56,106) |  | 69,856 |  | (52,951) |
Program-related | 23 | 37,465 |  | (21,672) |  | 35,305 |  | (18,817) |
Marketing-related | 8 | 21,890 |  | (18,995) |  | 21,925 |  | (17,833) |
Other | 10 | 1,773 |  | (1,581) |  | 1,693 |  | (1,488) |
Intangible assets | 12 | $ | 263,639 |  | $ | (192,002) |  | $ | 264,678 |  | $ | (179,268) |
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. In 2023, we recorded $4,409 in impairment charges on long-lived assets in our Aircraft Controls and Industrial Systems segments. These charges relate to a decline in value with the associated business and the retirement of a trade name intangible. In 2022, we recorded $2,125 in impairment charges on long-lived assets in our Industrial Systems segment. These charges relate to intangibles assets associated with a product line we are no longer pursuing. In 2021, we recorded $1,144 in impairment charges on long-lived assets in our Space and Defense Controls segment, relating to intangibles assets that experienced a decline in value. Amortization of acquired intangible assets is as follows:
| 2023 | 2022 | 2021
Acquired intangible asset amortization | $ | 11,514 |  | $ | 13,106 |  | $ | 13,454 |
Based on acquired intangible assets recorded at September 30, 2023, amortization is estimated to be approximately:
| 2024 | 2025 | 2026 | 2027 | 2028
Estimated future amortization of acquired intangible assets | $ | 10,400 |  | $ | 9,300 |  | $ | 9,100 |  | $ | 7,800 |  | $ | 7,000 |

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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration