5. GOODWILL AND INTANGIBLE ASSETS
The following table reflects the gross carrying amount and accumulated amortization of the Company’s intangible assets included in “Other assets” in the Consolidated Balance Sheets:
|
(In millions) |
September 27, |
|
|
September 28, |
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Intangible Assets: |
|
|
|
|
|
|
|
||||||
|
Acquired existing technology |
$ | 36.6 |
|
|
$ | 36.3 |
|
||||||
|
Patents, licenses and other |
|
29.0 |
|
|
|
28.1 |
|
||||||
|
Customer contracts and supplier relationship |
|
10.9 |
|
|
|
10.9 |
|
||||||
|
Accumulated amortization |
|
(53.1 |
) |
|
|
(48.5 |
) |
||||||
|
Net carrying amount |
$ | 23.4 |
|
|
$ | 26.8 |
|
||||||
Amortization expense for intangible assets was $4.3 million, $4.9 million and $2.9 million for fiscal years 2013, 2012 and 2011, respectively. The Company estimates that the amortization expense for fiscal years 2014 through 2018, and thereafter, will be as follows (in millions): $5.3, $6.0, $2.4, $1.8, $1.8, and $6.1, respectively.
The following table reflects the activity of goodwill by reportable operating segment:
|
(In millions) |
Oncology |
|
|
X-Ray |
|
|
Other |
|
|
Total |
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Balance at September 30, 2011 |
$ | 130.5 |
|
|
$ | 6.1 |
|
|
$ | 75.9 |
|
|
$ | 212.5 |
|
||||
|
Acquisition of businesses |
|
1.5 |
|
|
|
10.9 |
|
|
|
- |
|
|
|
12.4 |
|
||||
|
Foreign currency translation adjustments |
|
- |
|
|
|
- |
|
|
|
(2.7 |
) |
|
|
(2.7 |
) |
||||
|
Balance at September 28, 2012 |
|
132.0 |
|
|
|
17.0 |
|
|
|
73.2 |
|
|
|
222.2 |
|
||||
|
Foreign currency translation adjustments |
|
- |
|
|
|
- |
|
|
|
3.1 |
|
|
|
3.1 |
|
||||
|
Balance at September 27, 2013 |
$ | 132.0 |
|
|
$ | 17.0 |
|
|
$ | 76.3 |
|
|
$ | 225.3 |
|
||||