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Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

GoodwillAndIntangibleAssetsDisclosureTextBlock

18. GOODWILL AND INTANGIBLE ASSETS

The following is a progression of goodwill by segment for the years ended September 30, 2013, 2012 and 2011:


	Residential		Infrastructure Solutions		Total
Balance at September 30, 2011	$	4,446	$	-	$	4,446
Balance at September 30, 2012		4,446		-		4,446
Acquisition		4,185		5,293		9,478
Balance at September 30, 2013	$	8,631	$	5,293	$	13,924

Goodwill

Based upon the results of our annual impairment analysis, the fair value of our Residential segment significantly exceeded the book value, and warrants no impairment. We evaluated goodwill attributable to Infrastructure Solutions qualitatively, and have concluded no impairment is necessary. We recorded goodwill impairment of $142 during the year ended September 30, 2011, bringing the goodwill balance attributable to our Commercial & Industrial segment to zero.

Intangible assets consist of the following:

		Year Ended September 30, 2013
	Estimated
	Useful Lives		Gross Carrying		Accumulated
	(in Years)		Amount		Amortization	Net
Trademarks/trade names	Indefinite	$	1,200	$	-	$	1,200
Technical Library	20		400		1		399
Customer Relationships	6.3		2,100		16		2,084
Order backlog	0.4		350		350		-
Covenants not to compete	3.0		140		27		113
Developed Technology	4.0		400		58		342
Total		$	4,590	$	452	$	4,138

Amortization of intangible assets was $452 for the year ended September 30, 2013. Our future amortization expense for years ended September 30, is as follows:

Year Ended September 30,
2014	$	499
2015		499
2016		471
2017		398
2018		358
Thereafter		713
Total	$	2,938

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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