XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.25.0.1

GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Jan. 03, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The following table reflects goodwill by reportable operating segment:
(In millions) | Medical |  | Industrial |  | Total
Balance at September 27, 2024 | $ | 173.0 |  |  | $ | 118.0 |  |  | $ | 291.0 |
Foreign currency translation adjustments | (2.2) |  |  | (1.6) |  |  | (3.8) |
Balance at January 3, 2025 | $ | 170.8 |  |  | $ | 116.4 |  |  | $ | 287.2 |
The following table reflects the gross carrying amount and accumulated amortization of the Company’s finite-lived intangible assets included in other assets in the Condensed Consolidated Balance Sheets:
| January 3, 2025 |  | September 27, 2024
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Acquired existing technology | $ | 72.3 |  |  | $ | (63.3) |  |  | $ | 9.0 |  |  | $ | 73.8 |  |  | $ | (63.5) |  |  | $ | 10.3 |
Patents, licenses, and other | 12.4 |  |  | (12.4) |  |  | — |  |  | 12.6 |  |  | (12.6) |  |  | — |
Customer contracts and supplier relationship | 52.1 |  |  | (46.9) |  |  | 5.2 |  |  | 52.8 |  |  | (47.0) |  |  | 5.8 |
Total intangible assets | $ | 136.8 |  |  | $ | (122.6) |  |  | $ | 14.2 |  |  | $ | 139.2 |  |  | $ | (123.1) |  |  | $ | 16.1 |
Amortization expense for intangible assets was $0.9 million and $3.6 million for the three months ended January 3, 2025 and December 29, 2023, respectively. In connection with the business combination discussed in Note 10. Business Combinations, during fiscal year 2024, the Company recorded additional intangible assets of $2.6 million, of which $2.1 million related to customer contracts and supplier relationships and $0.5 million related to acquired existing technology.

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration