MTS Systems (MTSC) 10-Q 9 Feb 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 02, 2016	Feb. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	MTS SYSTEMS CORP
Entity Central Index Key	68,709
Current Fiscal Year End Date	--10-01
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		14,762,120
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 2, 2016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015
Current assets
Cash and cash equivalents	$ 59,287	$ 51,768
Accounts receivable, net of allowance for doubtful accounts of $3,433 and $3,411, respectively	106,163	89,829
Unbilled accounts receivable	66,580	77,519
Inventories	90,604	86,303
Prepaid expenses and other current assets	13,061	8,104
Deferred income taxes	14,432	14,190
Total current assets	350,127	327,713
Property and equipment, net	82,228	80,454
Goodwill	26,831	27,677
Intangible assets, net	20,198	19,706
Other assets	2,715	2,010
Deferred income taxes	3,111	3,271
Total assets	485,210	460,831
Current liabilities
Short-term borrowings	40,941	21,183
Accounts payable	32,967	32,994
Accrued payroll and related costs	25,393	27,938
Advance payments from customers	78,957	65,734
Accrued warranty costs	4,302	4,695
Accrued income taxes	2,683	3,273
Deferred income taxes	974	990
Other accrued liabilities	16,526	19,845
Total current liabilities	202,743	176,652
Deferred income taxes	9,317	8,154
Non-current accrued income taxes	6,898	5,649
Defined benefit pension plan obligation	7,426	7,784
Other long-term liabilities	4,829	4,450
Total liabilities	231,213	202,689
Shareholders' Equity
Common stock, $0.25 par; 64,000 shares authorized: 14,800 and 14,932 shares issued and outstanding as of January 2, 2016 and October 3, 2015, respectively	3,700	3,733
Additional paid-in capital		4,275
Retained earnings	257,878	255,711
Accumulated other comprehensive income	(7,581)	(5,577)
Total shareholders' equity	253,997	258,142
Total liabilities and shareholders' equity	$ 485,210	$ 460,831

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 3,433	$ 3,411
Common stock, par value	$ 0.25	$ 0.25
Common stock, shares authorized	64,000,000	64,000,000
Common stock, shares issued	14,800,000	14,932,000
Common stock, shares outstanding	14,800,000	14,932,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Revenue
Product	$ 119,301	$ 124,481
Service	21,200	18,103
Total Revenue	140,501	142,584
Cost of Sales
Product	74,664	75,532
Service	13,326	10,221
Total Cost of Sales	87,990	85,753
Gross Profit	52,511	56,831
Operating Expenses
Selling and marketing	20,654	21,254
General and administrative	12,962	14,202
Research and development	5,294	5,564
Total Operating Expenses	38,910	41,020
Income From Operations	13,601	15,811
Interest income (expense), net	(201)	(167)
Other income (expense), net	(310)	(759)
Income Before Income Taxes	13,090	14,885
Provision for income taxes	1,316	1,099
Net Income	$ 11,774	$ 13,786
Basic
Earnings per share	$ 0.79	$ 0.91
Weighted average common shares outstanding	14,861	15,108
Diluted
Earnings per share	$ 0.78	$ 0.90
Weighted average common shares outstanding	14,999	15,270
Dividends declared per share	$ 0.30	$ 0.30

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 11,774	$ 13,786
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss) adjustments	(2,418)	(4,812)
Derivative instruments:
Unrealized net gain (loss)	135	1,444
Net (gain) loss reclassified to earnings	(95)	(1,082)
Defined benefit pension plan:
Unrealized net gain (loss)	123	386
Net (gain) loss reclassified to earnings	101	95
Currency exchange rate gain (loss)	150	318
Other comprehensive income (loss)	(2,004)	(3,651)
Comprehensive income	$ 9,770	$ 10,135

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Cash Flows from Operating Activities:
Net income	$ 11,774	$ 13,786
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation	1,718	2,196
Excess tax benefits for stock-based compensation	(68)	(119)
Net periodic pension benefit cost	280	268
Depreciation and amortization	4,945	5,195
Deferred income taxes	989	4,850
Bad debt provision (recovery), net	89	325
Changes in operating assets and liabilities:
Accounts and unbilled contracts receivable	(6,735)	(10,727)
Inventories	(4,924)	(6,745)
Prepaid expenses	(2,349)	(3,887)
Accounts payable	343	2,901
Accrued payroll and related costs	(2,222)	(3,098)
Advance payments from customers	13,272	8,405
Accrued warranty costs	(390)	918
Contributions to pension benefit plan	(149)	(158)
Other assets and liabilities	(5,727)	(1,165)
Net Cash Provided by (Used in) Operating Activities	10,846	12,945
Cash Flows from Investing Activities:
Purchases of property and equipment	(6,662)	(4,474)
Net Cash Provided by (Used in) Investing Activities	(6,662)	(4,474)
Cash Flows from Financing Activities:
Receipts under short-term borrowings	19,758	5,000
Payments under short-term borrowings		(26)
Excess tax benefits from stock-based compensation	68	119
Cash dividends	(4,450)	(4,561)
Proceeds from exercise of stock options and employee stock purchase plan	1,199	969
Payments to purchase and retire common stock	(12,356)	(12,804)
Net Cash Provided by (Used in) Financing Activities	4,219	(11,303)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(884)	(2,220)
Cash and Cash Equivalents:
Increase (decrease) during the period	7,519	(5,052)
Balance, beginning of period	51,768	60,397
Balance, end of period	59,287	55,345
Cash paid during the period for:
Interest	154	176
Income taxes	$ 2,681	3,414
Non-cash financing activities:
Dividends declared not yet paid		$ 4,439

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jan. 02, 2016
Basis of Presentation [Abstract]
Basis of Presentation	NOTE 1 BASIS OF PRESENTATION The Consolidated Financial S tatements include the accounts of MTS Systems Corporation an d its wholly owned subsidiaries . S ignificant intercompany account balances and transactions have been eliminated. We have prepared the interim unaudited consolidated financial statements included herein pursuant to the rules and regulations of the United States (U.S. ) Secur ities and Exchange Commission (SEC ). The information furnished in these consolidated financial statements includes normal recurring adjustments and reflects all adjustments that are, in our opinion , necessary for a fair presentation of such financial statements. The consolidated financial statements are prepared in accordance with U.S. g enerally accepted a ccounting p rinciples (U.S. GAAP ) . U.S. GAAP requires us to make estimates and assumptions that affect amounts reported. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to SEC rules and regulations. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 3, 2015 filed with the SEC. Interim results of operations for the first fiscal quarter ended January 2, 201 6 are not necessarily indicative of the results to be expected for the full fiscal year. We have a 5-4-4 week accounting cycle with the fiscal year ending on the Saturday closest to Septemb er 30. Fiscal year 201 6 ending on October 1, 2016 will consist of 52 weeks. Fiscal year 201 5 ended on October 3, 2015 consisted of 53 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jan. 02, 2016
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	NOTE 2 RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) , and in August 2015, issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date , which amended ASU No. 2014-09 as to the effective date of the standard. This update , as amended, clarifies the principles for revenue recognition in transactions involving contracts with customers. The new revenue recognition guidance provides a five-step analysis to determine when and how revenue is recognized. The new guidance will require revenue recognition to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The update, as amended, defers the mandatory effective date of its revenue recognition standard by one year. The standard is required to be adopted for annual periods beginning after December 15, 2017, including interim periods within that annual period, which is our fiscal year 2019. Early adoption is permitted for annual reporting periods beginning after December 15, 2016, and interim periods within that annual period, which is our fiscal year 2018. We are currently evaluating the impact the adoption of this guidance may have on our financial condition, results of operations and disclosures. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory , which modifies existing requirements regarding measuring inventory at the lower of cost or market. Under current inventory standards, the market value requires consideration of replacement cost, net realizable value and net realizable value less an approximately normal profit margin. The new guidance replaces market with net realizable value defined as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This eliminates the need to determine and consider replacement cost or net realizable value less an approximately normal profit margin when measuring inventory. The standard is required to be adopted for annual periods beginning after December 15, 2016, including interim periods within that annual period, which is our fiscal year 2018. The amendment is to be applied prospectively with early adoption permitted. We have not yet evaluated what impact, if any, the adoption of this guidance may have on our financial condition, results of operations or disclosures. In July 2015, the FASB issued ASU No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient (consensuses of the FASB Emerging Issues Task Force) . The update allows for a plan with a fiscal year end that does not coincide with the end of the calendar month to measure its investments and investment-related accounts using the month end closest to its fiscal year end. In previous guidance, the measurement date was required to coincide with the fiscal year end. The standard is required to be adopted for periods beginning after December 15, 2015, which is our fiscal year 2017. The measurement date practical expedient is to be applied prospectively with early adoption permitted . We have not yet evaluated what impact, if any, the adoption of this guidance may have on our financial condition, results of operations or disclosures. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments , which eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Under the existing business combination standard, an acquirer reports provisional amounts with respect to acquired assets and liabilities when their measurements are incomplete as of the end of the reporting period. Prior to this update, an acquirer is required to adjust provisional amounts and the related impact on earnings by restating prior period financial statements during the measurement period which cannot exceed one year from the date of acquisition. The new guidance requires that the cumulative impact of a measurement-period adjustment, including the impact on prior periods, be recognized in the reporting period in which the adjustment is identified eliminating the requirement to restate prior period financial statements. The new standard requires disclosure of the nature and amount of measurement-period adjustments as well as information with respect to the portion of the adjustments recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustments to provisional amounts had been recognized as of the acquisition date. The standard is required to be adopted for annual periods beginning after December 15, 2015, including interim periods within that annual period, which is our fiscal year 2017. The amendment is to be applied prospectively to measurement-period adjustments that occur after the effective date with earlier adoption permitted. We have not yet evaluated what impact, if any, the adoption of this guidance may have on our financial condition, results of operations or disclosures. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes , which requires deferred tax liabilities and assets to be classified as noncurrent in the Consolidated Balance Sheet. The standard is required to be adopted for annual periods beginning after December 15, 2016, including interim periods within that annual period, which is our fiscal year 2018. The amendment may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented with early adoption permitted . We are currently evaluating the impact the adoption of this guidance may have on our financial condition, results of operations and disclosures.

Inventories

Inventories	3 Months Ended
	Jan. 02, 2016
Inventories [Abstract]
Inventories	NOTE 3 INVENTORIES Inventories consist of material, labor and overhead costs and are stated at the lower of cost or market value, determined under the first-in, first-out accounting method. Inventories as of January 2, 2016 and October 3, 2015 were as follows: January 2, October 3, (in thousands) 2016 2015 Customer projects in various stages of completion $ 27,530 $ 24,571 Components, assemblies and parts 63,074 61,732 Total $ 90,604 $ 86,303

Warranty Obligations

Warranty Obligations	3 Months Ended
	Jan. 02, 2016
Warranty Obligations [Abstract]
Warranty Obligations	NOTE 4 WARRANTY OBLIGATIONS Sales of our products and systems are subject to limited warranty obligations that are included in customer contracts. For sales that include installation services, warranty obligations generally extend for a period of twelve months from the date of either shipment or acceptance based on the contract terms. Product obligations generally extend for a period of twelve months from the date of purchase. Under the terms of these warranties, we are obligated to repair or replace any components or assemblies deemed defective due to workmanship or materials. We reserve the right to reject warranty claims where it is determined that failure is due to normal wear, customer modifications, improper maintenance or misuse. We record general warranty provisions based on an estimated warranty expense percentage applied to current period revenue. The percentage applied reflects our historical warranty claims experience over the preceding twelve -month period. Both the experience percentage and the warranty liability are evaluated on an ongoing basis for adequacy. W arranty provisions are also recognized for certain unanticipated product claims that are individually significant . Warranty provisions and claims for the three months ended January 2, 201 6 and December 2 7 , 2014 were as follows : Three Months Ended January 2, December 27, (in thousands) 2016 2014 Beginning balance $ 4,695 $ 4,286 Warranty claims (1,435) (1,496) Warranty provisions 1,045 2,135 Adjustments to preexisting warranties - 279 Currency translation (3) (16) Ending balance $ 4,302 $ 5,188

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jan. 02, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	NOTE 5 STOCK-BASED COMPENSATION We compensate our officers, directors and employees with stock-based compensation under the 2011 Stock Incentive Plan (2011 Plan) approved by our shareholders in 2011 and administered under the supervision of our Board of Directors. During fiscal year 2013, our shareholders approved a 1,300 share increase in the number of shares that may be issued under the 2011 Plan, bringing the aggregate total to 2,300 . During the three months ended January 2, 2016 and December 27, 2014 , we awarded stock options and restricted stock units under the 2011 Plan. At January 2, 2016, a total of 515 shares were available for future grant under the 2011 Plan. These shares will be available for issuance under the 2011 Plan until January 31, 2018 . In fiscal year 2011, our shareholders approved a 2012 Employee Stock Purchase Plan (2012 ESPP) that was effective on January 1, 2012. During the three months ended January 2, 2016 and December 27, 2014 , we issued shares of our common stock to participants under the 2012 ESPP. At January 2, 2016, a total of 678 shares were available for issuance under the 2012 ESPP. Shares will be available for issuance under the 2012 ESPP until December 31, 2021 . Our annual stock option and restricted stock grant is typically made in December of each fiscal year. During the three months ended January 2, 2016, we granted approximately 312 stock options, 58 restricted stock units and 21 performance restricted stock units to officers and employees. During the three months ended December 27, 2014, we granted approximately 162 stock options , 42 restricted stock units and 16 performance restricted stock units to officers and employees. Stock Options S tock options are granted at an exercise price equal to the closing market price of our stock on the date of grant. The fair value of stock options granted under our stock-based compensation programs are estimated as of the date of each grant using the multiple option form of the Black-Scholes valuation model, based on the grant price and assumptions regarding the expected grant life, stock price volatility, dividends and risk-free interest rates. Each vesting period of an option award is valued separately, with this value being recognized evenly over the vesting period. Generally, stock options vest proportionally on the first three anniversaries of the grant date and expire five or seven years from the grant date. The weighted average per share fair value of the stock options granted during the three months ended January 2, 2016 and December 27, 2014 was $11.74 and $12.12 , respectively. The weighted average assumptions used to determine the fair value of these stock options were as follows: Three Months Ended January 2, December 27, 2016 2014 Expected life (in years) 4.1 3.5 Risk-free interest rate 1.5 % 1.1 % Expected volatility 26.6 % 27.4 % Dividend yield 1.9 % 1.8 % The expected life represents the period that the stock option awards are expected to be outstanding and was determined based on historical and anticipated future exercise and expiration patterns. The risk-free interest rate used is based on the yield of constant maturity U.S. Treasury bonds on the grant date with a remaining term equal to the expected life of the grant. We estimate stock price volatility based on a historical weekly price observation. The dividend yield assumption is based on the annualized current dividend divided by the share price on the grant date. Restricted Stock We award directors restricted stock units. Directors vest in the restricted stock units over one year and are entitled to cash dividend equivalents on unvested shares, but do not receive voting rights on the unvested shares. The sale and transfer of these units is restricted during the vesting period. Additionally, in fiscal year 2013, we awarded restricted stock to our directors with a vesting period of three years. For restricted stock awarded to directors, participants are entitled to cash dividends and voting rights on unvested shares, but the sale and transfer of these shares is restricted during the vesting period. R estricted stock and restricted stock units are valued based on the market value of the shares at the date of grant with t he value allocated to expense evenly over the restricted period . We award key employees restricted stock units and performance restricted stock units. Restricted stock units vest proportionally on the first three anniversaries of the grant date, and performance restricted stock units vest based on attainment of return on invested capital performance targets at the end of one, two and three year performance periods . Participants awarded restricted stock units and performance restricted stock units are not entitled to cash dividends or voting rights on unvested units. P erformance restricted stock units are valued based on the market value of the shares at the date of grant with the value recognized to expense once the performance criteria has been met. The fair value of the restricted stock units and performance restricted stock units granted during the three months ended January 2, 2016 and December 27, 2014 was $59.74 and $64.65 , respectively , representing the market value of our shares at the date of grant less the present value of estimated foregone dividends over the vesting period .

Capital Assets

Capital Assets	3 Months Ended
	Jan. 02, 2016
Capital Assets [Abstract]
Capital Assets	NOTE 6 CAPITAL ASSETS Property and Equipment Property and equipment as of January 2, 201 6 and Octob er 3 , 201 5 consist of the following: January 2, October 3, (in thousands) 2016 2015 Land and improvements $ 1,704 $ 1,705 Buildings and improvements 52,840 53,097 Machinery and equipment 168,010 162,472 Total 222,554 217,274 Less accumulated depreciation (140,326) (136,820) Property and equipment, net $ 82,228 $ 80,454 Goodwill Changes to the carrying value of goodwill during the three months ended January 2, 2016 were as follows: (in thousands) Test Sensors Total Balance, October 3, 2015 $ 26,243 $ 1,434 $ 27,677 Adjustment related to finalization of purchase accounting 1 (530) - (530) Currency translation gain (loss) (299) (17) (316) Balance, January 2, 2016 $ 25,414 $ 1,417 $ 26,831 1 Goodwill from our acquisition of Instrument and Calibration Sweden AB (ICS) was determined to be customer lists and reclassified to intangible assets. Refer to Note 16 for information related to our acquisition. Intangible Assets I ntangible assets as of January 2, 2016 and October 3, 2015 consist of the following: January 2, 2016 Weighted Average Gross Carrying Accumulated Net Carrying Useful Life (in thousands) Amount Amortization Value (in Years) Software development costs $ 20,305 $ (14,269) $ 6,036 6.2 Patents 11,639 (5,263) 6,376 14.5 Trademarks and trade names 6,052 (1,692) 4,360 29.4 Customer lists 3,100 (700) 2,400 7.5 Land-use rights 1,202 (176) 1,026 47.8 Total $ 42,298 $ (22,100) $ 20,198 13.1 October 3, 2015 Weighted Average Gross Carrying Accumulated Net Carrying Useful Life (in thousands) Amount Amortization Value (in Years) Software development costs $ 19,546 $ (14,046) $ 5,500 6.2 Patents 11,838 (5,141) 6,697 14.5 Trademarks and trade names 6,163 (1,659) 4,504 29.4 Customer lists 2,561 (610) 1,951 8.1 Land-use rights 1,227 (173) 1,054 47.8 Total $ 41,335 $ (21,629) $ 19,706 13.4 Amortization expense recognized during the three months ended January 2, 201 6 and December 2 7 , 2014 was $601 and $1,039 , respectively . The estimated future amortization expense related to intangible assets for the next five fiscal years is as follows: Fiscal Year Amortization Expense (in thousands) Remainder of 2016 $ 1,793 2017 $ 2,390 2018 $ 1,530 2019 $ 1,270 2020 $ 1,239 2021 $ 1,131 Future amortization amounts presented above are estimates. Actual future amortization expense may be different due to future acquisitions, impairments, changes in amortization periods or other factors.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Jan. 02, 2016
Earnings Per Common Share [Abstract]
Earnings Per Common Share	NOTE 7 EARINGS PER COMMON SHARE Basic earnings per share is computed by dividing net income by the daily weighted average number of common shares outstanding during the applicable period. Using the treasury stock method, diluted earnings per share includes the potentially dilutive effect of common shares issued in connection with outstanding stock-based compensation options and grants. Under the treasury stock method, shares associated with certain stock options have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options would lead to a net reduction in common shares outstanding. As a result, stock options to acquire 528 and 91 weighted common shares have been excluded from the diluted weighted average common shares outstanding calculation for the three months ended January 2, 2016 and December 27, 2014, respectively. The potentially dilutive effect of common shares issued in connection with outstanding stock options is determined based on net income. A reconciliation of these amounts is as follows: Three Months Ended January 2, December 27, (in thousands, except per share data) 2016 2014 Net income $ 11,774 $ 13,786 Weighted average common shares outstanding 14,861 15,108 Dilutive potential common shares 138 162 Weighted average dilutive common shares outstanding 14,999 15,270 Earnings per share Basic $ 0.79 $ 0.91 Diluted $ 0.78 $ 0.90

Business Segment Information

Business Segment Information	3 Months Ended
	Jan. 02, 2016
Business Segment Information [Abstract]
Business Segment Information	NOTE 8 BUSINESS SEGMENT INFORMATION Our Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews financial information for our two operating segments, Test and Sensors. Test provides testing equipment, systems and services to the ground vehicles, materials and structures markets. Sensors provides high-performance position sensors for a variety of industrial and mobile hydraulic applications. In evaluating each segment's performance, our Chief Executive Officer focuses on income from operations. This measure excludes interest income and expense, income taxes and other non-operating items. Corporate expenses, including costs associated with various support functions such as human resources, information technology, legal, finance and accounting and general and administrative costs are allocated to the reportable segments on the basis of revenue. The accounting policies of the reportable segments are the same as those described in Note 1 to the Consolidated Financial Statements found in our Annual Report on Form 10-K for the fiscal year ended Octob er 3 , 201 5 . Financial information by reportable segment for the three months ended January 2 , 201 6 and December 2 7 , 2014 was as follows: Three Months Ended January 2, December 27, (in thousands) 2016 2014 Revenue Test $ 118,810 $ 118,085 Sensors 21,691 24,499 Total revenue $ 140,501 $ 142,584 Income from Operations Test $ 10,387 $ 11,976 Sensors 3,214 3,835 Total income from operations $ 13,601 $ 15,811

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jan. 02, 2016
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	NOTE 9 DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Our currency exchange contracts are designated as cash flow hedges and qualify as hedging instruments. We also have derivatives that are not designated as cash flow hedges and, therefore, are accounted for and reported under foreign currency guidance. Regardless of designation for accounting purposes, we believe all of our derivative instruments are hedges of transactional risk exposures. The fair value of our outstanding designated and undesignated derivative assets and liabilities are reported in the Consolidated Balance Sheets as follows: January 2, 2016 Prepaid Expenses and Other Other Accrued (in thousands) Current Assets Liabilities Designated hedge derivatives Foreign exchange cash flow hedges $ 725 $ 135 Derivatives not designated as hedges Foreign exchange balance sheet derivatives - 17 Total hedge and other derivatives $ 725 $ 152 October 3, 2015 Prepaid Expenses and Other Other Accrued (in thousands) Current Assets Liabilities Designated hedge derivatives Foreign exchange cash flow hedges $ 841 $ 353 Derivatives not designated as hedges Foreign exchange balance sheet derivatives - 286 Total hedge and other derivatives $ 841 $ 639 A reconciliation of the net fair value of foreign exchange cash flow hedge assets and liabilities subject to master netting arrangements recorded in the January 2, 2016 and October 3, 2015 Consolidated Balance Sheets to the net fair value that could have been reported in the respective Consolidated Balance Sheets is as follows: Gross Gross Net Derivatives Cash Recognized Offset Amount Subject to Collateral Net (in thousands) Amount Amount Presented Offset Received Amount 1 January 2, 2016 Assets $ 725 $ - $ 725 $ - $ - $ 725 Liabilities 135 - 135 - - 135 October 3, 2015 Assets $ 841 $ - $ 841 $ - $ - $ 841 Liabilities 353 - 353 - - 353 1 Net fair value of foreign exchange cash flow hedge assets / liabilities that could have been reported in the Consolidated Balance Sheet. Cash Flow Hedging – Currency Risks Currency exchange contracts utilized to maintain the functional currency value of expected financial transactions denominated in foreign currencies are designated as cash flow hedges. Qualifying gains and losses related to changes in the market value of these contracts are reported as a component of accumulated other comprehensive income (loss) (AOCI) within shareholders’ equity on the Consolidated Balance Sheets and reclassified into earnings in the same period during which the underlying hedged transaction affects earnings. The effective portion of the cash flow hedges represents the change in fair value of the hedge that offsets the change in the functional currency value of the hedged item. We periodically assess whether our currency exchange contracts are effective and, when a contract is determined to be no longer effective as a hedge, we discontinue hedge accounting prospectively. Subsequent changes in the market value of ineffective currency exchange contracts are recognized as an increase or decrease in revenue on the Consolidated Statements of Income as that is the same line item in which the underlying hedged transaction is reported. A s of January 2, 2016 and December 27, 2014 , we had outstanding cash flow hedge currency exchange contracts with gross notional U.S. dollar equivalent amounts of $39,441 and $40,920 , respectively. Upon netting offsetting contracts to sell foreign currencies against contracts to purchase foreign currencies, irrespective of contract maturity dates, the net notional U.S. dollar equivalent amount of contracts outstanding was $36,258 and $37,162 a s of January 2, 2016 and December 27, 2014 , respectively. As of January 2, 2016, the net market value of the foreign currency exchange contracts was a net asset of $590 , consisting of $725 in assets and $135 in liabilities . A s of December 27, 2014 , the net market value of the foreign currency exchange contracts was a net asset of $2,124 , consisting of $2,362 in assets and $238 in liabilities. The pretax amounts recognized in AOCI on currency exchange contracts for the three months ended January 2, 2016 and December 27, 2014 , including (gains) losses reclassified into earnings in the Consolidated Statements of Income and gains (losses) recognized in other comprehensive income (loss) (OCI), are as follows: Three Months Ended January 2, December 27, (in thousands) 2016 2014 Beginning unrealized net gain (loss) in AOCI $ 608 $ 1,414 Net (gain) loss reclassified into revenue (effective portion) (150) (1,698) Net gain (loss) recognized in OCI (effective portion) 211 2,262 Ending unrealized net gain (loss) in AOCI $ 669 $ 1,978 The amount recognized in earnings as a result of the ineffectiveness of cash flow hedges was less than $1 in both of the three months ended J anuary 2, 201 6 and December 2 7 , 2014. As of J anuary 2, 201 6 and December 2 7 , 201 4 , the amount projected to be reclassified from AOCI into earnings in the next twelve months w as a net gain of $624 and $1,966 , respectively. The maximum remaining maturity of any forward or optional contract as of J anuary 2, 201 6 and December 2 7 , 2014 was 1.5 and 2.5 years , respectively. Foreign Currency Balance Sheet Derivatives We also use foreign currency derivative contracts to maintain the functional currency value of monetary assets and liabilities denominated in non-functional foreign currencies. The gains and losses related to the changes in the market value of these derivative contracts are included in other income (expense) , net on the Consolidated Statements of Income. As of January 2, 201 6 and December 2 7 , 2014 , we had outstanding foreign currency balance sheet derivative contracts with gross notional U.S. dollar equivalent amo unts of $63,777 and $88,337 , respectively. Upon netting offsetting contracts by counterparty banks to sell foreign currencies against contracts to purchase foreign currencies, irrespective of contract maturity dates, the net notional U.S. dollar equivalent amount of contracts outstanding as of J anuary 2, 201 6 and December 2 7 , 2014 was $16,233 and $26,948 , respectively. As of January 2, 2016 and December 27, 2014 , the net market value of the foreign exchange balance sheet derivative contracts w as a net liability of $17 and a net asset of $63 , respectively. The net gain (loss) recognized in the Consolidated Statements of Income on foreign exchange balance sheet derivative contracts for the three months en ded January 2, 201 6 and December 2 7 , 2014 was as follows: Three Months Ended January 2, December 27, (in thousands) 2016 2014 Net (loss) gain recognized in other (expense) income, net $ (91) $ 338

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jan. 02, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	NOTE 10 FAIR VALUE MEASUREMENTS In determining the fair value of financial assets and liabilities, we currently utilize market data or other assumptions that we believe market participants would use in pricing the asset or liability in the principal or most advantageous market and adjust for non-performance and/or other risk associated with the c ompany as well as counterparties, as appropriate. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: · Level 1: Unadjusted quoted prices which are available in active markets for identical assets or liabilities accessible to us at the measurement date. · Level 2: Inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. · Level 3: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. The hierarchy gives the highest priority to Level 1, as this level provides the most reliable measure of fair value, while giving the lowest priority to Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities subject to fair value measurements on a recurring basis are as follows: January 2, 2016 (in thousands) Level 1 Level 2 Level 3 Total Assets Currency contracts 1 $ - $ 725 $ - $ 725 Total assets $ - $ 725 $ - $ 725 Liabilities Currency contracts 1 $ - $ 152 $ - $ 152 Total liabilities $ - $ 152 $ - $ 152 October 3, 2015 (in thousands) Level 1 Level 2 Level 3 Total Assets Currency contracts 1 $ - $ 841 $ - $ 841 Total assets $ - $ 841 $ - $ 841 Liabilities Currency contracts 1 $ - $ 639 $ - $ 639 Total liabilities $ - $ 639 $ - $ 639 1 Based on observable market transactions of spot currency rates and forward currency rates on equivalently-termed instruments. See Note 9 for additional information on derivative financial instruments. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We measure certain financial instruments at fair value on a nonrecurring basis. These assets primarily include goodwill, intangible assets and other long-lived assets acquired either as part of a business acquisition, individually or with a group of other assets, as well as property and equipment. These assets were initially, and are currently, measured and recognized at amounts equal to the fair value determined as of the date of acquisition or purchase subject to changes in value only for foreign currency translation . Periodically, these assets are tested for impairment by comparing their respective carrying values to the estimated fair value of the reporting unit or asset group in which they reside. In the event any of these assets were to become impaired, we would recognize an impairment loss equal to the amount by which the carrying value of the reporting unit, impaired asset or asset group exceeds its estimated fair value. Fair value measurements of reporting units are estimated using an income approach involving discounted or undiscounted cash flow models that contain certain Level 3 inputs requiring management judgment, including projections of economic conditions and customer demand, revenue and margins, changes in competition, operating costs, working capital requirements and new product introductions. Fair value measurements of the reporting units associated with our goodwill balances are estimated at least annually in the fourth quarter of each fiscal year for purposes of impairment testing. Fair value measurements associated with our intangible assets, other long-lived assets and property and equipment are estimated when events or changes in circumstances such as market value, asset utilization, physical change, legal factors or other matters indicate that the carrying value may not be recoverable. See Note 6 for additional information on goodwill, intangible assets, other long-lived assets and property and equipment. Assets and Liabilities Not Measured at Fair Value Certain financial instruments are not measured at fair value but are recorded at carrying amounts approximating fair value based on their short-term nature or variable interest rate. These financial instruments include cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings.

Other Comprehensive Income

Other Comprehensive Income	3 Months Ended
	Jan. 02, 2016
Other Comprehensive Income (Loss) [Abstract]
Other Comprehensive Income	NOTE 11 OTHER COMPREHENSIVE INCOME (LOSS) Other comprehensive income (loss), a component of shareholders’ equity, consists of foreign currency translation adjustments, gains or losses on derivative instruments and defined benefit pension plan adjustments. I ncome tax expense or benefit allocated to each component of o ther c omprehensive i ncome (loss) for the three months ended January 2, 201 6 and December 2 7 , 2014 was as follows: Three Months Ended January 2, 2016 (in thousands) Pretax Tax Net Foreign currency translation gain (loss) adjustments $ (2,418) $ - $ (2,418) Derivative instruments Unrealized net gain (loss) 211 (76) 135 Net (gain) loss reclassified to earnings (150) 55 (95) Defined benefit pension plan Unrealized net gain (loss) 176 (53) 123 Net (gain) loss reclassified to earnings 145 (44) 101 Currency exchange rate gain (loss) 150 - 150 Other comprehensive income (loss) $ (1,886) $ (118) $ (2,004) Three Months Ended December 27, 2014 (in thousands) Pretax Tax Net Foreign currency translation gain (loss) adjustments $ (4,812) $ - $ (4,812) Derivative instruments Unrealized net gain (loss) 2,262 (818) 1,444 Net (gain) loss reclassified to earnings (1,698) 616 (1,082) Defined benefit pension plan Unrealized net gain (loss) 553 (167) 386 Net (gain) loss reclassified to earnings 136 (41) 95 Currency exchange rate gain (loss) 318 - 318 Other comprehensive income (loss) $ (3,241) $ (410) $ (3,651) The changes in the net-of-tax balances of each component of AOCI during the three months ended January 2, 201 6 and December 2 7 , 2014 were as follows: Three Months Ended January 2, 2016 Foreign Unrealized Defined Currency Derivative Benefit Translation Instrument Pension Plan (in thousands) Adjustments Adjustments Adjustments Total Beginning balance $ 1,005 $ 386 $ (6,968) $ (5,577) Other comprehensive net gain (loss) reclassifications (2,418) 135 273 (2,010) Net (gain) loss reclassified to earnings - (95) 101 6 Other comprehensive income (loss) (2,418) 40 374 (2,004) Ending balance $ (1,413) $ 426 $ (6,594) $ (7,581) Three Months Ended December 27, 2014 Foreign Unrealized Defined Currency Derivative Benefit Translation Instrument Pension Plan (in thousands) Adjustments Adjustments Adjustments Total Beginning balance $ 12,220 $ 898 $ (7,294) $ 5,824 Other comprehensive net gain (loss) reclassifications (4,812) 1,444 704 (2,664) Net (gain) loss reclassified to earnings - (1,082) 95 (987) Other comprehensive income (loss) (4,812) 362 799 (3,651) Ending balance $ 7,408 $ 1,260 $ (6,495) $ 2,173 The effect on certain line items in the Consolidated Statements of Income of amounts reclassified out of AOC I for the three months ended January 2, 201 6 and December 2 7 , 2014 were as follows: Three Months Ended Affected Line Item in the January 2, December 27, Consolidated Statements (in thousands) 2016 2014 of Income Derivative instruments Currency exchange contracts gain (loss) $ 150 $ 1,698 Revenue Income tax benefit (expense) (55) (616) Provision for income taxes Total net gain (loss) on derivative instruments 95 1,082 Net income Defined benefit pension plan Actuarial gain (loss) (79) (75) Cost of sales Actuarial gain (loss) (41) (38) Selling and marketing Actuarial gain (loss) (25) (23) General and administrative Total actuarial gain (loss) (145) (136) Income before income taxes Income tax benefit (expense) 44 41 Provision for income taxes Total net gain (loss) on pension plan (101) (95) Net income Total net-of-tax reclassifications out of AOCI included in net income $ (6) $ 987

Financing

Financing	3 Months Ended
	Jan. 02, 2016
Financing [Abstract]
Financing	NOTE 12 FINANCING Short-term borrowings as of January 2, 2016 and Octob er 3, 2015 consisted of the following: January 2, October 3, (in thousands) 2016 2015 Bank line of credit, monthly U.S. LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016 , with optional month-to-month term renewal and loan repricing until September 2019 $ 25,000 $ 10,000 Swingline loan, 3.50% p.a., in effect January 2, 2016, with optional renewal and loan repricing until September 2019 $ 5,000 - Bank line of credit, monthly Euro LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016 , with optional month-to-month term renewal and loan repricing until September 2019 $ 10,941 11,183 Total short-term borrowings $ 40,941 $ 21,183 Our credit facility provides up to $200,000 for working capital financing, permitted acquisitions, share purchases and other general corporate purposes. The credit facility expires in September 2019 . As of January 2, 2016 and October 3, 2015, outstanding borrowings under the credit facility were $40,941 and $21 ,183 , respectively. As of January 2, 2016, the interest rate applicable to outstanding variable rate credit facility borrowings was 0.61% . As of October 3, 2015, the inter est rate applicable to outstanding variable rate credit facility borrowings was 1.20% , the monthly U.S. LIBOR plus 100 basis points. As of January 2, 2016, we had outstanding letters of credit drawn from the credit facility totaling $17,864 , leaving $141,195 of unused borrowing capacity. As of October 3, 2015, we had outstanding letters of credit drawn from the credit facility totaling $12,008 , leaving approximately $166,809 of unused borrowing capacity.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 02, 2016
Income Taxes [Abstract]
Income Taxes	NOTE 13 INCOME TAXES As of January 2, 2016, our liability for unrecognized tax benefits was $6 ,898 , of which $3,467 would favorably affect our effective tax rate, if recognized. As of October 3, 2015, our liability for unrecognized tax benefits was $5,649 , of which $2,265 would favorably affect our effective tax rate, if recognized. As of January 2, 2016, we do not expect significant changes in the amount of unrecognized tax benefits during the next twelve months. On December 18, 2015, the Protecting Americans from Tax Hikes Act of 2015 was signed into law, which made the United States Research and Development (R&D) tax credit permanent as of January 1, 2015. As a result of this legislation, we recognized a discrete tax benefit of $2,283 during the three months ended January 2, 2016.

Retirement Benefit Plan

Retirement Benefit Plan	3 Months Ended
	Jan. 02, 2016
Retirement Benefit Plan [Abstract]
Retirement Benefit Plan	NOTE 14 EMPLOYEE BENEFIT PLANS One of our German subsidiaries has a non-contributory, defined benefit retirement plan for eligible employees. This plan provides benefits based on the employee's years of service and compensation during the years immediately preceding retirement, termination, disability or death, as defined in the plan. We use a September 30 measurement date for this defined benefit retirement plan. We recognize the funded status of the defined benefit pension in our Consolidated Balance Sheet s , recognize changes in that funded status in the year in which the changes occur through comprehensive income and measure the plan’s assets and obligations that determine the plan’s funded status as of the end of our fiscal year. Net periodic benefit costs for our defined benefit retirement plan for the three months ended January 2, 2016 and December 27, 2014 included the following components: Three Months Ended January 2, December 27, (in thousands) 2016 2014 Service cost $ 239 $ 233 Interest cost 150 172 Expected return on plan assets (253) (273) Net amortization and deferral 144 136 Net periodic benefit cost $ 280 $ 268 The weighted average expected long-term rate of return on plan assets used to determine the net periodic benefit cost for each of the three months ended January 2, 2016 and December 27, 2014 was 5.5% and 5.5% , respectively.

Severance and Related Costs

Severance and Related Costs	3 Months Ended
	Jan. 02, 2016
Severance and Related Costs [Abstract]
Severance and Related Costs	NOTE 15 SEVERANCE AND RELATED COSTS During the third quarter of fiscal year 2014, we initiated workforce and other cost reduction actions at certain of our locations in the U.S. and Europe. No severance and related costs were recognized during the three months ended January 2, 2016 or December 27, 2014. The following table summarizes the severance and related costs included in our Consolidated Balance Sheet s as of January 2, 2016 and October 3, 2015. January 2, October 3, (in thousands) 2016 2015 Accrued payroll and related costs $ 380 $ 497 Other long-term liabilities 944 1,051 Total severance and related costs $ 1,324 $ 1,548

Business Acquisition

Business Acquisition	3 Months Ended
	Jan. 02, 2016
Business Acquisition [Abstract]
Business Acquisition	NOTE 16 BUSINESS ACQUSITION S On June 29, 2015, we acquired Instrument and Calibration Sweden AB (ICS), a supplier of testing equipment and calibration services located in Sweden, for a purchase price of $667 . An allocation of the purchase price has been completed. The assets, liabilities and operating results have been included in our financial statements within Test from the date of acquisition. The acquisition of ICS’s assets and liabilities does not constitute a material business combination and accordingly, pro forma results have not been included.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jan. 02, 2016
Inventories [Abstract]
Inventories	January 2, October 3, (in thousands) 2016 2015 Customer projects in various stages of completion $ 27,530 $ 24,571 Components, assemblies and parts 63,074 61,732 Total $ 90,604 $ 86,303

Warranty Obligations (Tables)

Warranty Obligations (Tables)	3 Months Ended
	Jan. 02, 2016
Warranty Obligations [Abstract]
Warranty Provisions And Claims	Three Months Ended January 2, December 27, (in thousands) 2016 2014 Beginning balance $ 4,695 $ 4,286 Warranty claims (1,435) (1,496) Warranty provisions 1,045 2,135 Adjustments to preexisting warranties - 279 Currency translation (3) (16) Ending balance $ 4,302 $ 5,188

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jan. 02, 2016
Stock-Based Compensation [Abstract]
Weighted Average Assumptions Used To Determine Fair Value Of Stock Options	Three Months Ended January 2, December 27, 2016 2014 Expected life (in years) 4.1 3.5 Risk-free interest rate 1.5 % 1.1 % Expected volatility 26.6 % 27.4 % Dividend yield 1.9 % 1.8 %

Capital Assets (Tables)

Capital Assets (Tables)	3 Months Ended
	Jan. 02, 2016
Capital Assets [Abstract]
Property And Equipment	January 2, October 3, (in thousands) 2016 2015 Land and improvements $ 1,704 $ 1,705 Buildings and improvements 52,840 53,097 Machinery and equipment 168,010 162,472 Total 222,554 217,274 Less accumulated depreciation (140,326) (136,820) Property and equipment, net $ 82,228 $ 80,454
Goodwill	(in thousands) Test Sensors Total Balance, October 3, 2015 $ 26,243 $ 1,434 $ 27,677 Adjustment related to finalization of purchase accounting 1 (530) - (530) Currency translation gain (loss) (299) (17) (316) Balance, January 2, 2016 $ 25,414 $ 1,417 $ 26,831 1 Goodwill from our acquisition of Instrument and Calibration Sweden AB (ICS) was determined to be customer lists and reclassified to intangible assets. Refer to Note 16 for information related to our acquisition.
Other Intangible Assets	January 2, 2016 Weighted Average Gross Carrying Accumulated Net Carrying Useful Life (in thousands) Amount Amortization Value (in Years) Software development costs $ 20,305 $ (14,269) $ 6,036 6.2 Patents 11,639 (5,263) 6,376 14.5 Trademarks and trade names 6,052 (1,692) 4,360 29.4 Customer lists 3,100 (700) 2,400 7.5 Land-use rights 1,202 (176) 1,026 47.8 Total $ 42,298 $ (22,100) $ 20,198 13.1 October 3, 2015 Weighted Average Gross Carrying Accumulated Net Carrying Useful Life (in thousands) Amount Amortization Value (in Years) Software development costs $ 19,546 $ (14,046) $ 5,500 6.2 Patents 11,838 (5,141) 6,697 14.5 Trademarks and trade names 6,163 (1,659) 4,504 29.4 Customer lists 2,561 (610) 1,951 8.1 Land-use rights 1,227 (173) 1,054 47.8 Total $ 41,335 $ (21,629) $ 19,706 13.4
Estimated Future Amortization Expense On Other Intangible Assets	Fiscal Year Amortization Expense (in thousands) Remainder of 2016 $ 1,793 2017 $ 2,390 2018 $ 1,530 2019 $ 1,270 2020 $ 1,239 2021 $ 1,131

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Jan. 02, 2016
Earnings Per Common Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Three Months Ended January 2, December 27, (in thousands, except per share data) 2016 2014 Net income $ 11,774 $ 13,786 Weighted average common shares outstanding 14,861 15,108 Dilutive potential common shares 138 162 Weighted average dilutive common shares outstanding 14,999 15,270 Earnings per share Basic $ 0.79 $ 0.91 Diluted $ 0.78 $ 0.90

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Jan. 02, 2016
Business Segment Information [Abstract]
Financial Information By Reportable Segment	Three Months Ended January 2, December 27, (in thousands) 2016 2014 Revenue Test $ 118,810 $ 118,085 Sensors 21,691 24,499 Total revenue $ 140,501 $ 142,584 Income from Operations Test $ 10,387 $ 11,976 Sensors 3,214 3,835 Total income from operations $ 13,601 $ 15,811

Derivative Instruments and He29

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Jan. 02, 2016
Derivative Instruments and Hedging Activities [Abstract]
Fair Value Of Outstanding Designated And Undesignated Derivative Assets And Liabilities	January 2, 2016 Prepaid Expenses and Other Other Accrued (in thousands) Current Assets Liabilities Designated hedge derivatives Foreign exchange cash flow hedges $ 725 $ 135 Derivatives not designated as hedges Foreign exchange balance sheet derivatives - 17 Total hedge and other derivatives $ 725 $ 152 October 3, 2015 Prepaid Expenses and Other Other Accrued (in thousands) Current Assets Liabilities Designated hedge derivatives Foreign exchange cash flow hedges $ 841 $ 353 Derivatives not designated as hedges Foreign exchange balance sheet derivatives - 286 Total hedge and other derivatives $ 841 $ 639
Reconciliation Of The Net Fair Value Of Foreign Exchange Cash Flow Hedge Assets And Liabilities	Gross Gross Net Derivatives Cash Recognized Offset Amount Subject to Collateral Net (in thousands) Amount Amount Presented Offset Received Amount 1 January 2, 2016 Assets $ 725 $ - $ 725 $ - $ - $ 725 Liabilities 135 - 135 - - 135 October 3, 2015 Assets $ 841 $ - $ 841 $ - $ - $ 841 Liabilities 353 - 353 - - 353 1 Net fair value of foreign exchange cash flow hedge assets / liabilities that could have been reported in the Consolidated Balance Sheet.
Pretax Amounts Recognized In Accumulated Other Comprehensive Income On Currency Contracts	Three Months Ended January 2, December 27, (in thousands) 2016 2014 Beginning unrealized net gain (loss) in AOCI $ 608 $ 1,414 Net (gain) loss reclassified into revenue (effective portion) (150) (1,698) Net gain (loss) recognized in OCI (effective portion) 211 2,262 Ending unrealized net gain (loss) in AOCI $ 669 $ 1,978
Net Gains (Losses) Recognized In Income For Derivative Contracts	Three Months Ended January 2, December 27, (in thousands) 2016 2014 Net (loss) gain recognized in other (expense) income, net $ (91) $ 338

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jan. 02, 2016
Fair Value Measurements [Abstract]
Financial Assets And Liabilities Subject To Fair Value Measurements On A Recurring Basis	January 2, 2016 (in thousands) Level 1 Level 2 Level 3 Total Assets Currency contracts 1 $ - $ 725 $ - $ 725 Total assets $ - $ 725 $ - $ 725 Liabilities Currency contracts 1 $ - $ 152 $ - $ 152 Total liabilities $ - $ 152 $ - $ 152 October 3, 2015 (in thousands) Level 1 Level 2 Level 3 Total Assets Currency contracts 1 $ - $ 841 $ - $ 841 Total assets $ - $ 841 $ - $ 841 Liabilities Currency contracts 1 $ - $ 639 $ - $ 639 Total liabilities $ - $ 639 $ - $ 639 1 Based on observable market transactions of spot currency rates and forward currency rates on equivalently-termed instruments. See Note 9 for additional information on derivative financial instruments.

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Jan. 02, 2016
Other Comprehensive Income (Loss) [Abstract]
Schedule Of Other Comprehensive Income (Loss)	Three Months Ended January 2, 2016 (in thousands) Pretax Tax Net Foreign currency translation gain (loss) adjustments $ (2,418) $ - $ (2,418) Derivative instruments Unrealized net gain (loss) 211 (76) 135 Net (gain) loss reclassified to earnings (150) 55 (95) Defined benefit pension plan Unrealized net gain (loss) 176 (53) 123 Net (gain) loss reclassified to earnings 145 (44) 101 Currency exchange rate gain (loss) 150 - 150 Other comprehensive income (loss) $ (1,886) $ (118) $ (2,004) Three Months Ended December 27, 2014 (in thousands) Pretax Tax Net Foreign currency translation gain (loss) adjustments $ (4,812) $ - $ (4,812) Derivative instruments Unrealized net gain (loss) 2,262 (818) 1,444 Net (gain) loss reclassified to earnings (1,698) 616 (1,082) Defined benefit pension plan Unrealized net gain (loss) 553 (167) 386 Net (gain) loss reclassified to earnings 136 (41) 95 Currency exchange rate gain (loss) 318 - 318 Other comprehensive income (loss) $ (3,241) $ (410) $ (3,651)
Schedule Of Changes In Each Component Of Accumulated Other Comprehensive Income	Three Months Ended January 2, 2016 Foreign Unrealized Defined Currency Derivative Benefit Translation Instrument Pension Plan (in thousands) Adjustments Adjustments Adjustments Total Beginning balance $ 1,005 $ 386 $ (6,968) $ (5,577) Other comprehensive net gain (loss) reclassifications (2,418) 135 273 (2,010) Net (gain) loss reclassified to earnings - (95) 101 6 Other comprehensive income (loss) (2,418) 40 374 (2,004) Ending balance $ (1,413) $ 426 $ (6,594) $ (7,581) Three Months Ended December 27, 2014 Foreign Unrealized Defined Currency Derivative Benefit Translation Instrument Pension Plan (in thousands) Adjustments Adjustments Adjustments Total Beginning balance $ 12,220 $ 898 $ (7,294) $ 5,824 Other comprehensive net gain (loss) reclassifications (4,812) 1,444 704 (2,664) Net (gain) loss reclassified to earnings - (1,082) 95 (987) Other comprehensive income (loss) (4,812) 362 799 (3,651) Ending balance $ 7,408 $ 1,260 $ (6,495) $ 2,173
Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income	Three Months Ended Affected Line Item in the January 2, December 27, Consolidated Statements (in thousands) 2016 2014 of Income Derivative instruments Currency exchange contracts gain (loss) $ 150 $ 1,698 Revenue Income tax benefit (expense) (55) (616) Provision for income taxes Total net gain (loss) on derivative instruments 95 1,082 Net income Defined benefit pension plan Actuarial gain (loss) (79) (75) Cost of sales Actuarial gain (loss) (41) (38) Selling and marketing Actuarial gain (loss) (25) (23) General and administrative Total actuarial gain (loss) (145) (136) Income before income taxes Income tax benefit (expense) 44 41 Provision for income taxes Total net gain (loss) on pension plan (101) (95) Net income Total net-of-tax reclassifications out of AOCI included in net income $ (6) $ 987

Financing (Tables)

Financing (Tables)	3 Months Ended
	Jan. 02, 2016
Financing [Abstract]
Schedule Of Short-Term Borrowings	January 2, October 3, (in thousands) 2016 2015 Bank line of credit, monthly U.S. LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016 , with optional month-to-month term renewal and loan repricing until September 2019 $ 25,000 $ 10,000 Swingline loan, 3.50% p.a., in effect January 2, 2016, with optional renewal and loan repricing until September 2019 $ 5,000 - Bank line of credit, monthly Euro LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016 , with optional month-to-month term renewal and loan repricing until September 2019 $ 10,941 11,183 Total short-term borrowings $ 40,941 $ 21,183

Retirement Benefit Plan (Tables

Retirement Benefit Plan (Tables)	3 Months Ended
	Jan. 02, 2016
Retirement Benefit Plan [Abstract]
Schedule Of Costs For The Retirement Benefit Plan	Three Months Ended January 2, December 27, (in thousands) 2016 2014 Service cost $ 239 $ 233 Interest cost 150 172 Expected return on plan assets (253) (273) Net amortization and deferral 144 136 Net periodic benefit cost $ 280 $ 268

Severance and Related Costs (Ta

Severance and Related Costs (Tables)	3 Months Ended
	Jan. 02, 2016
Severance and Related Costs [Abstract]
Summary Of Severance Charges On Balance Sheet	January 2, October 3, (in thousands) 2016 2015 Accrued payroll and related costs $ 380 $ 497 Other long-term liabilities 944 1,051 Total severance and related costs $ 1,324 $ 1,548

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015
Inventories [Abstract]
Customer projects in various stages of completion	$ 27,530	$ 24,571
Components, assemblies and parts	63,074	61,732
Total	$ 90,604	$ 86,303

Warranty Obligations (Narrative

Warranty Obligations (Narrative) (Details)	3 Months Ended
	Jan. 02, 2016
Warranty Obligations [Abstract]
Life of warranty obligations for sales that include installation services, maximum	12 months
Product obligation period, maximum	12 months
Number of previous months historical warranty claims used to calculate warranty expense percentage	12 months

Warranty Obligations (Warranty

Warranty Obligations (Warranty Provisions And Claims) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Warranty Obligations [Abstract]
Beginning balance	$ 4,695	$ 4,286
Warranty claims	(1,435)	(1,496)
Warranty provisions	1,045	2,135
Adjustments to preexisting warranties		279
Currency translation	(3)	(16)
Ending balance	$ 4,302	$ 5,188

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - $ / shares shares in Thousands	3 Months Ended		12 Months Ended
	Jan. 02, 2016	Dec. 27, 2014	Sep. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	312	162
Stock options vesting period	3 years
Weighted average per share fair value of the stock options granted	$ 11.74	$ 12.12
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiration period	5 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiration period	7 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	58	42
Weighted average per share fair value of the stock options granted	$ 59.74	$ 64.65
Performance Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average per share fair value of the stock options granted	$ 59.74	$ 64.65
2011 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in shares issued			1,300
Shares issued			2,300
Shares available for grant	515
2012 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	678
Expiration date	Dec. 31, 2021
Directors [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period	1 year		3 years
Officers And Employees [Member] | Performance Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	21	16
Key Employees [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period	3 years
Key Employees [Member] | Performance Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option vesting description	based on attainment of return on invested capital performance targets at the end of one, two and three year performance periods

Stock-Based Compensation (Weigh

Stock-Based Compensation (Weighted Average Assumptions Used To Determine Fair Value Of Stock Options) (Details)	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Stock-Based Compensation [Abstract]
Expected life (in years)	4 years 1 month 6 days	3 years 6 months
Risk-free interest rate	1.50%	1.10%
Expected volatility	26.60%	27.40%
Dividend yield	1.90%	1.80%

Capital Assets (Narrative) (Det

Capital Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Capital Assets [Abstract]
Amortization expense	$ 601	$ 1,039

Capital Assets (Property and Eq

Capital Assets (Property and Equipment) (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 222,554	$ 217,274
Less accumulated depreciation	(140,326)	(136,820)
Property and equipment, net	82,228	80,454
Land and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,704	1,705
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	52,840	53,097
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 168,010	$ 162,472

Capital Assets (Goodwill) (Deta

Capital Assets (Goodwill) (Details) $ in Thousands	3 Months Ended
	Jan. 02, 2016USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 27,677
Adjustment related to finalization of purchase accounting	(530)	[1]
Currency translation gain (loss)	(316)
Goodwill, Ending Balance	26,831
Test [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	26,243
Adjustment related to finalization of purchase accounting	(530)	[1]
Currency translation gain (loss)	(299)
Goodwill, Ending Balance	25,414
Sensors [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	1,434
Currency translation gain (loss)	(17)
Goodwill, Ending Balance	$ 1,417
[1]	Goodwill from our acquisition of Instrument and Calibration Sweden AB (ICS) was determined to be customer lists and reclassified to intangible assets. Refer to Note 16 for information related to our acquisition.

Capital Assets (Other Intangibl

Capital Assets (Other Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 42,298	$ 41,335
Accumulated Amortization	(22,100)	(21,629)
Net Carrying Value	$ 20,198	$ 19,706
Weighted Average Useful Life (in Years)	13 years 1 month 6 days	13 years 4 months 24 days
Software development costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 20,305	$ 19,546
Accumulated Amortization	(14,269)	(14,046)
Net Carrying Value	$ 6,036	$ 5,500
Weighted Average Useful Life (in Years)	6 years 2 months 12 days	6 years 2 months 12 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,639	$ 11,838
Accumulated Amortization	(5,263)	(5,141)
Net Carrying Value	$ 6,376	$ 6,697
Weighted Average Useful Life (in Years)	14 years 6 months	14 years 6 months
Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,052	$ 6,163
Accumulated Amortization	(1,692)	(1,659)
Net Carrying Value	$ 4,360	$ 4,504
Weighted Average Useful Life (in Years)	29 years 4 months 24 days	29 years 4 months 24 days
Customer List [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,100	$ 2,561
Accumulated Amortization	(700)	(610)
Net Carrying Value	$ 2,400	$ 1,951
Weighted Average Useful Life (in Years)	7 years 6 months	8 years 1 month 6 days
Land-use rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,202	$ 1,227
Accumulated Amortization	(176)	(173)
Net Carrying Value	$ 1,026	$ 1,054
Weighted Average Useful Life (in Years)	47 years 9 months 18 days	47 years 9 months 18 days

Capital Assets (Estimated Futur

Capital Assets (Estimated Future Amortization Expense On Other Intangible Assets) (Details) $ in Thousands	Jan. 02, 2016USD ($)
Capital Assets [Abstract]
Remainder of 2016	$ 1,793
2,017	2,390
2,018	1,530
2,019	1,270
2,020	1,239
2,021	$ 1,131

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Earnings Per Common Share [Abstract]
Net income	$ 11,774	$ 13,786
Weighted average common shares outstanding	14,861	15,108
Dilutive potential common shares	138	162
Weighted average dilutive common shares outstanding	14,999	15,270
Earnings per share, Basic	$ 0.79	$ 0.91
Earnings per share, Diluted	$ 0.78	$ 0.90
Antidilutive securities excluded from computation of earnings per share, Amount	528	91

Business Segment Information (D

Business Segment Information (Details) $ in Thousands	3 Months Ended
	Jan. 02, 2016USD ($)segment	Dec. 27, 2014USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	2
Revenue	$ 140,501	$ 142,584
Income from operations	13,601	15,811
Test [Member]
Segment Reporting Information [Line Items]
Revenue	118,810	118,085
Income from operations	10,387	11,976
Sensors [Member]
Segment Reporting Information [Line Items]
Revenue	21,691	24,499
Income from operations	$ 3,214	$ 3,835

Derivative Instruments and He47

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014	Oct. 03, 2015
Derivative [Line Items]
Gross notional amount of foreign exchange derivatives outstanding	$ 39,441	$ 40,920
Net notional amount of foreign exchange derivatives	36,258	37,162
Recognized in earnings as a result of the ineffectiveness of cash flow hedges	1	1
Amount projected to be reclassified from Accumulated Other Comprehensive Income into earnings, within twelve months	$ 624	$ 1,966
Maximum remaining maturity of any forward or optional contract derivatives (in years)	1 year 6 months	2 years 6 months
Foreign Exchange Balance Sheet Derivative Contracts [Member]
Derivative [Line Items]
Gross notional amount of foreign exchange derivatives outstanding	$ 63,777	$ 88,337
Net notional amount of foreign exchange derivatives	16,233	26,948
Foreign currency exchange contract, net asset market value		63
Foreign currency exchange contract, net liability market value	17
Foreign Exchange Cash Flow Hedges [Member]
Derivative [Line Items]
Foreign currency exchange contract, net asset market value	590	2,124
Foreign currency exchange contract, net asset value	725	2,362	$ 841
Foreign currency exchange contract, net liability value	$ 135	$ 238	$ 353

Derivative Instruments and He48

Derivative Instruments and Hedging Activities (Fair Value Of Outstanding Designated And Undesignated Derivative Assets And Liabilities) (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015	Dec. 27, 2014
Foreign Exchange Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 725	$ 841	$ 2,362
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	725	725
Other Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	152	152
Designated Hedge Derivatives[Member] | Prepaid Expenses and Other Current Assets [Member] | Foreign Exchange Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	725	725
Designated Hedge Derivatives[Member] | Other Accrued Liabilities [Member] | Foreign Exchange Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	135	135
Derivatives Not Designated As Hedges [Member] | Other Accrued Liabilities [Member] | Foreign Exchange Balance Sheet Derivative Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 17	$ 17

Derivative Instruments and He49

Derivative Instruments and Hedging Activities (Reconciliation Of The Net Fair Value Of Foreign Exchange Cash Flow Hedge Assets And Liabilities) (Details) - Foreign Exchange Cash Flow Hedges [Member] - USD ($) $ in Thousands		Jan. 02, 2016	Oct. 03, 2015	Dec. 27, 2014
Offsetting Assets And Liabilities [Line Items]
Gross Amount of Recognized Assets		$ 725	$ 841	$ 2,362
Net Amount of Assets Presented in the Consolidated Balance Sheet		725	841
Net Amount Of Assets	[1]	725	841
Gross Amount of Recognized Liabilities		135	353	$ 238
Net Amount of Liabilities Presented in the Consolidated Balance Sheet		135	353
Net Amount Of Liabilities	[1]	$ 135	$ 353
[1]	Net fair value of foreign exchange cash flow hedge assets / liabilities that could have been reported in the Consolidated Balance Sheet.

Derivative Instruments and He50

Derivative Instruments and Hedging Activities (Pretax Amounts Recognized In Accumulated Other Comprehensive Income On Currency Contracts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Derivative [Line Items]
Net gain (loss) recognized in OCI (effective portion)	$ 211	$ 2,262
Foreign Exchange Cash Flow Hedges [Member]
Derivative [Line Items]
Beginning unrealized net gain (loss) in AOCI	608	1,414
Net (gain) loss reclassified into revenue (effective portion)	(150)	(1,698)
Net gain (loss) recognized in OCI (effective portion)	211	2,262
Ending unrealized net gain (loss) in AOCI	$ 669	$ 1,978

Derivative Instruments and He51

Derivative Instruments and Hedging Activities (Net Gains (Losses) Recognized in Income for Derivative Contracts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Derivative Instruments and Hedging Activities [Abstract]
Net (loss) gain recognized in other (expense) income, net	$ (91)	$ 338

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Jan. 02, 2016	Oct. 03, 2015
Assets:
Currency contracts	[1]	$ 725	$ 841
Total assets		725	841
Liabilities:
Currency contracts	[1]	152	639
Total liabilities		152	639
Fair Value, Inputs, Level 2 [Member]
Assets:
Currency contracts	[1]	725	841
Total assets		725	841
Liabilities:
Currency contracts	[1]	152	639
Total liabilities		$ 152	$ 639
[1]	Based on observable market transactions of spot currency rates and forward currency rates on equivalently-termed instruments. See Note 9 for additional information on derivative financial instruments.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) (Schedule Of Other Comprehensive Income (Loss) Allocated To Each Component Of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Other Comprehensive Income (Loss) [Abstract]
Foreign currency translatoin gain (loss) adjustments, Pretax	$ (2,418)	$ (4,812)
Derivative instruments: Unrealized net gain (loss), Pretax	211	2,262
Derivative instruments: Net (gain) loss reclassified to earnings, Pretax	(150)	(1,698)
Defined benefit pension plan: Unrealized net gain (loss), Pretax	176	553
Defined benefit pension plan: Net (gain) loss reclassified to earnings, Pretax	145	136
Defined benefit pension plan: Currency exchange rate gain (loss), Pretax	150	318
Other comprehensive income (loss), Pretax	(1,886)	(3,241)
Derivative instruments: Unrealized net gain (loss), Tax	(76)	(818)
Derivative instruments: Net (gain) loss reclassified to earnings, Tax	55	616
Defined benefit pension plan: Unrealized net gain (loss), Tax	(53)	(167)
Defined benefit pension plan: Net (gain) loss reclassified to earnings, Tax	(44)	(41)
Other comprehensive income (loss), Tax	(118)	(410)
Foreign currency translation gain (loss) adjustments, Net	(2,418)	(4,812)
Derivative instruments: Unrealized net gain (loss), Net	135	1,444
Derivative instruments: Net (gain) loss reclassified to earnings, Net	(95)	(1,082)
Defined benefit pension plan: Unrealized net gain (loss), Net	123	386
Defined benefit pension plan: Net (gain) loss reclassified to earnings, Net	101	95
Defined benefit pension plan: Currency exchange rate gain (loss), Net	150	318
Other comprehensive income (loss)	$ (2,004)	$ (3,651)

Other Comprehensive Income (L54

Other Comprehensive Income (Loss) (Schedule Of Changes In Each Component Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014	Jan. 02, 2016	Dec. 27, 2014
Other Comprehensive Income (Loss) [Abstract]
Foreign Currency Translation Adjustments, Beginning balance	$ 1,005	$ 12,220
Foreign Currency Translation Adjustments, Other comprehensive net gain (loss) reclassifications	(2,418)	(4,812)
Foreign Currency Translation Adjustments, Other comprehensive income (loss)	(2,418)	(4,812)
Foreign Currency Translation Adjustments, Ending balance	(1,413)	7,408
Unrealized Unrealized Derivative Instrument Adjustments, Beginning balance	386	898
Unrealized Derivative Instrument Adjustments, Other comprehensive net gain (loss) reclassifications	135	1,444
Unrealized Derivative Instrument Adjustments, Net (gain) loss reclassified to earnings	(95)	(1,082)
Unrealized Derivative Instrument Adjustments, Other comprehensive income (loss)	40	362
Unrealized Gain (Loss) on Derivative Instruments, Ending balance	426	1,260
Defined Benefit Pension Plan Adjustments, Beginning balance	(6,968)	(7,294)
Defined Benefit Pension Plan Adjustments, Other comprehensive net gain (loss) reclassifications	273	704
Defined Benefit Pension Plan Adjustments, Net (gain) loss reclassified to earnings	101	95
Defined Benefit Pension Plan Adjustments, Other comprehensive income (loss)	374	799
Defined Benefit Pension Plan Adjustments, Ending balance	(6,594)	(6,495)
Total, Beginning balance	(5,577)	5,824
Other comprehensive net gain (loss) reclassifications, Total	(2,010)	(2,664)
Net (gain) loss reclassified to earnings, Total	6	(987)
Other comprehensive income (loss)	(2,004)	(3,651)
Total, Ending balance	$ (5,577)	$ 5,824	$ (7,581)	$ 2,173

Other Comprehensive Income (L55

Other Comprehensive Income (Loss) (Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 140,501	$ 142,584
Interest income (expense), net	(201)	(167)
Actuarial gain (loss)	(145)	(136)
Provision for income taxes	1,316	1,099
Accumulated Net Gain (Loss) From Designated Or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total net gain (loss) included in net income	95	1,082
Accumulated Defined Benefit Plans Adjustment [Member] | Cost Of Sales [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gain (loss)	79	75
Accumulated Defined Benefit Plans Adjustment [Member] | Selling And Marketing [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gain (loss)	41	38
Accumulated Defined Benefit Plans Adjustment [Member] | General And Administrative [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gain (loss)	(25)	(23)
Reclassification Out Of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total net gain (loss) included in net income	(6)	987
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) From Designated Or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Provision for income taxes	(55)	(616)
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) From Designated Or Qualifying Cash Flow Hedges [Member] | Foreign Exchange Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	150	1,698
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total actuarial gain (loss) included in income before income taxes	(145)	(136)
Provision for income taxes	44	41
Total net gain (loss) included in net income	$ (101)	$ (95)

Financing (Narrative) (Details)

Financing (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015
Line of Credit Facility [Abstract]
Line of credit facility, maximum borrowing capacity	$ 200,000
Line of credit facility, outstanding borrowings	$ 40,941	$ 21,183
Line of credit facility, expiration date	Sep. 1, 2019
Letters of credit outstanding, amount	$ 17,864	12,008
Line of credit facility, remaining borrowing capacity	$ 141,195	$ 166,809
Variable Rate Credit Facility [Member]
Line of Credit Facility [Abstract]
Line of credit facility, interest rate	0.61%
Variable Rate Credit Facility [Member] | Bank Line Of Credit, Monthly U.S. LIBOR Plus 100 Basis Points [Member]
Line of Credit Facility [Abstract]
Line of credit facility, interest rate		1.20%
Variable Rate Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Abstract]
LIBOR plus, basis points		1.00%

Financing (Schedule Of Short-Te

Financing (Schedule Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Oct. 03, 2015
Short-term Debt [Line Items]
Total short-term borrowings	$ 40,941	$ 21,183
Bank line of credit, monthly U.S. LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016, with optional month-to-month term renewal and loan repricing until September 2019
Short-term Debt [Line Items]
Bank line of credit	$ 25,000	10,000
Maturity date	Jan. 1, 2016
Swingline loan, 3.50% p.a., in effect January 2, 2016, with optional renewal and loan repricing until September 2019 [Member]
Short-term Debt [Line Items]
Bank line of credit	$ 5,000
Interest rate	3.50%
Maturity date	Sep. 1, 2019
Bank line of credit, monthly Euro LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016, with optional month-to-month term renewal and loan repricing until September 2019
Short-term Debt [Line Items]
Bank line of credit	$ 10,941	$ 11,183
Maturity date	Jan. 1, 2016
London Interbank Offered Rate (LIBOR) [Member] | Bank line of credit, monthly U.S. LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016, with optional month-to-month term renewal and loan repricing until September 2019
Short-term Debt [Line Items]
Bank line of credit facility, basis spread on U.S. LIBOR	1.00%
London Interbank Offered Rate (LIBOR) [Member] | Bank line of credit, monthly Euro LIBOR plus 100 basis points, in effect at January 2, 2016, maturing January 2016, with optional month-to-month term renewal and loan repricing until September 2019
Short-term Debt [Line Items]
Bank line of credit facility, basis spread on U.S. LIBOR	1.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Oct. 03, 2015
Income Taxes [Abstract]
Unrecognized tax benefits	$ 6,898	$ 5,649
Unrecognized tax benefits that would favorably impact the effective tax rate on continuing operations	3,467	$ 2,265
Tax benefit through R&D legislation	$ 2,283

Retirement Benefit Plan (Narrat

Retirement Benefit Plan (Narrative) (Details)	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Retirement Benefit Plan [Abstract]
Expected rate of return on plan assets	5.50%	5.50%

Retirement Benefit Plan (Schedu

Retirement Benefit Plan (Schedule Of Costs For The Retirement Benefit Plan) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Retirement Benefit Plan [Abstract]
Service cost	$ 239	$ 233
Interest cost	150	172
Expected return on plan assets	(253)	(273)
Net amortization and deferral	144	136
Net periodic benefit cost	$ 280	$ 268

Severance And Related Costs (Na

Severance And Related Costs (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 02, 2016	Dec. 27, 2014
Severance and Related Costs [Abstract]
Severance and related costs	$ 0	$ 0

Severance and Related Costs (Su

Severance and Related Costs (Summary Of Severance Charges On Balance Sheet) (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Oct. 03, 2015
Restructuring Cost and Reserve [Line Items]
Total severance and related costs	$ 1,324	$ 1,548
Accrued Payroll And Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total severance and related costs	380	497
Other Long-Term Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Total severance and related costs	$ 944	$ 1,051

Business Acquisition (Narrative

Business Acquisition (Narrative) (Details) $ in Thousands	Jun. 29, 2015USD ($)
Instrument And Calibration Sweden AB (ICS) [Member]
Business Acquisition [Line Items]
Total estimated purchase price	$ 667