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Property, Plant And Equipment | 12 Months Ended
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Oct. 01, 2016
Property, Plant and Equipment [Abstract] |
Property, Plant And Equipment | Property, Plant and Equipment Property, plant and equipment as of October 1, 2016 and October 3, 2015 consisted of the following (in thousands):
|  | 2016 |  | 2015
Land, buildings and improvements |  | $ | 247,806 |  |  | $ | 278,637 |
Machinery and equipment |  | 336,378 |  |  | 334,257 |
Computer hardware and software |  | 107,239 |  |  | 102,763 |
Construction in progress |  | 4,298 |  |  | 9,175 |
Total property, plant and equipment, gross |  | 695,721 |  |  | 724,832 |
Less: accumulated depreciation |  | (404,496 | ) |  | (407,481 | )
Total property, plant and equipment, net |  | $ | 291,225 |  |  | $ | 317,351 |
Assets held under capital leases and included in property, plant and equipment as of October 1, 2016 and October 3, 2015 consisted of the following (in thousands):
|  | 2016 |  | 2015
Buildings and improvements |  | $ | 4,801 |  |  | $ | 22,953 |
Machinery and equipment |  | 6,070 |  |  | 3,757 |
Total property, plant and equipment held under capital leases, gross |  | 10,871 |  |  | 26,710 |
Less: accumulated amortization |  | (7,375 | ) |  | (22,201 | )
Total property, plant and equipment held under capital leases, net |  | $ | 3,496 |  |  | $ | 4,509 |
As of October 3, 2015, the building and improvements category in the table above included a subleased manufacturing facility in San Diego, California recorded at a gross and net book value of approximately $17.9 million and $1.9 million, respectively. The lease expired during the year and the related asset had no value at the end of fiscal 2016. Amortization of assets held under capital leases totaled $1.9 million, $0.5 million and $0.6 million for fiscal 2016, 2015 and 2014, respectively. Capital lease additions totaled $2.9 million, $1.2 million, and $1.4 million for fiscal 2016, 2015 and 2014, respectively. As of October 1, 2016, October 3, 2015 and September 27, 2014, accounts payable included approximately $3.5 million, $2.7 million and $7.0 million, respectively, related to the purchase of property, plant and equipment, which have been treated as non-cash transactions for purposes of the Consolidated Statements of Cash Flows. The Company’s lease agreement for the building shell and land of its facility in Guadalajara, Mexico, includes a 10-year base lease term that commenced upon the completion of construction during the fourth quarter of fiscal 2014, with two 5-year renewal options. This lease did not qualify as a sale-leaseback transaction, and was accounted for as a non-cash financing transaction. Since the Company believes that it will exercise both renewal options, the lease is being accounted for using a 20 year lease term. During the third quarter of fiscal 2014, the Company capitalized the building shell in Guadalajara as a non-cash financing obligation of approximately $8.0 million, which will be increased by interest expense and land rent expense, and reduced by contractual payments. As of October 1, 2016 and October 3, 2015, the balance of the related financing obligation totaled $8.4 million and $8.2 million, respectively. The Company capitalized related leasehold improvements of $1.4 million during fiscal 2015, which are included in "Property, plant and equipment" in the Consolidated Balance Sheets, and depreciated accordingly; no leasehold improvements were capitalized during fiscal 2016. At the end of the 20-year lease term, the net book value of the assets will approximate the balance of the financing obligation. If the Company does not exercise both renewal options or exercises the first but not the second, it would record a loss related to the disposal of the underlying assets in operating results of $4.1 million in fiscal 2024 or $0.8 million in fiscal 2029. The future minimum payments under the remainder of the ten-year base lease agreement, as well as the two five-year renewal options, are as follows (in thousands):
2017 | $ | 1,476 |
2018 | 1,513 |
2019 | 1,550 |
2020 | 1,589 |
2021 | 1,629 |
2022 through 2024 | 5,135 |
| $ | 12,892 |
2025 through 2029 | $ | 9,451 |
2030 through 2034 | $ | 10,870 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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