XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.19.2

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the purchase price over the fair values of the assets acquired and liabilities assumed in a business combination, at the date of acquisition. Goodwill is not amortized but is tested for potential impairment at the reporting unit level, at a minimum on an annual basis, or when indications of potential impairment exist. All of our goodwill is within our H&P Technologies reportable segment. The following is a summary of changes in goodwill (in thousands):
Balance at September 30, 2018 | $ | 64,777 |
Additions (Note 1) | 3,125 |
Balance at June 30, 2019 | $ | 67,902 |
Intangible Assets Finite-lived intangible assets are amortized using the straight-line method over the period in which these assets contribute to our cash flows and are evaluated for impairment in accordance with our policies for valuation of long-lived assets. Intangible assets arising from business acquisitions consisted of the following:
|  |  | June 30, 2019 |  | September 30, 2018
(in thousands) | Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible asset: |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 15 years |  | $ | 70,200 |  |  | $ | 9,089 |  |  | $ | 61,111 |  |  | $ | 70,000 |  |  | $ | 5,589 |  |  | $ | 64,411 |
Trade name | 20 years |  | 5,700 |  |  | 451 |  |  | 5,249 |  |  | 5,700 |  |  | 237 |  |  | 5,463 |
Customer relationships | 5 years |  | 4,000 |  |  | 1,267 |  |  | 2,733 |  |  | 4,000 |  |  | 667 |  |  | 3,333 |
|  |  | $ | 79,900 |  |  | $ | 10,807 |  |  | $ | 69,093 |  |  | $ | 79,700 |  |  | $ | 6,493 |  |  | $ | 73,207 |
Amortization expense in the Unaudited Condensed Consolidated Statements of Operations was $1.4 million for each of the three months ended June 30, 2019 and 2018 and $4.2 million and $3.9 million for the nine months ended June 30, 2019 and 2018, respectively. Estimated intangible amortization is estimated to be approximately $5.8 million for each of the next three succeeding fiscal years and approximately $5.1 million for fiscal year 2023.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration