XML 50 R26.htm IDEA: XBRL DOCUMENT
v3.20.1

GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
--- | ---
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the Company's recorded goodwill by reporting segments as of March 28, 2020 and September 28, 2019:
| As of
(in thousands) | March 28, 2020 |  | September 28, 2019
Capital Equipment | $ | 29,681 |  |  | $ | 29,480 |
Aftermarket Products and Services ("APS") | 26,265 |  |  | 26,211 |
Total goodwill | $ | 55,946 |  |  | $ | 55,691 |
Net intangible assets | The following table reflects net intangible assets as of March 28, 2020 and September 28, 2019:
| As of |  | Average estimated
(dollar amounts in thousands) | March 28, 2020 |  | September 28, 2019 |  | useful lives (in years)
Developed technology | $ | 88,184 |  |  | $ | 87,209 |  |  | 7.0 to 15.0
Accumulated amortization | (51,124 | ) |  | (48,718 | ) |  |
Net developed technology | $ | 37,060 |  |  | $ | 38,491 |  |  |
Customer relationships | $ | 35,466 |  |  | $ | 35,180 |  |  | 5.0 to 6.0
Accumulated amortization | (33,435 | ) |  | (31,862 | ) |  |
Net customer relationships | $ | 2,031 |  |  | $ | 3,318 |  |  |
Trade and brand names | $ | 7,265 |  |  | $ | 7,219 |  |  | 7.0 to 8.0
Accumulated amortization | (6,599 | ) |  | (6,377 | ) |  |
Net trade and brand names | $ | 666 |  |  | $ | 842 |  |  |
Other intangible assets | $ | 2,500 |  |  | $ | 2,500 |  |  | 1.9
Accumulated amortization | (2,500 | ) |  | (2,500 | ) |  |
Net other intangible assets | $ | — |  |  | $ | — |  |  |
Net intangible assets | $ | 39,757 |  |  | $ | 42,651 |  |  |
Estimated annual amortization expense related to intangible assets | The following table reflects estimated annual amortization expense related to intangible assets as of March 28, 2020:
| As of
(in thousands) | March 28, 2020
Remaining fiscal 2020 | $ | 3,663 |
Fiscal 2021 | 5,306 |
Fiscal 2022 | 4,348 |
Fiscal 2023 | 4,252 |
Fiscal 2024 | 4,252 |
Thereafter | 17,936 |
Total amortization expense | $ | 39,757 |

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 Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration