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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE 7 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. During the three months ended December 31, 2019, we had no additions or impairments to goodwill. As of December 31, 2019, and September 30, 2019, the goodwill balance was $82.8 million. 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:
|  |  | December 31, 2019 |  | September 30, 2019
(in thousands) | Weighted Average Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible asset: |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 15 years |  | $ | 89,096 |  |  | $ | 11,841 |  |  | $ | 77,255 |  |  | $ | 89,096 |  |  | $ | 10,256 |  |  | $ | 78,840 |
Intellectual property | 13 years |  | 1,500 |  |  | 19 |  |  | 1,481 |  |  | — |  |  | — |  |  | — |
Trade name | 20 years |  | 5,865 |  |  | 605 |  |  | 5,260 |  |  | 5,865 |  |  | 522 |  |  | 5,343 |
Customer relationships | 5 years |  | 4,000 |  |  | 1,667 |  |  | 2,333 |  |  | 4,000 |  |  | 1,467 |  |  | 2,533 |
|  |  | $ | 100,461 |  |  | $ | 14,132 |  |  | $ | 86,329 |  |  | $ | 98,961 |  |  | $ | 12,245 |  |  | $ | 86,716 |
Amortization expense in the Unaudited Condensed Consolidated Statements of Operations was $1.9 million and $1.4 million for the three months ended December 31, 2019 and 2018, respectively. I ntangible amortization is estimated to be approximately $7.1 million for fiscal year 2020, approximately $7.2 million for each of fiscal year 2021 and 2022, approximately $6.5 million for fiscal year 2023 and approximately $6.4 million for fiscal year 2024.

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- 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
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