XML 44 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | 11. GOODWILL AND INTANGIBLE ASSETS Goodwill The following summarizes changes in the carrying value of goodwill by segment for the six months ended March 31, 2020:
|  | Commercial & Industrial |  |  |  | Communications |  |  | Infrastructure Solutions |  |  |  | Residential |  |  | Total |
Goodwill at September 30, 2019 |  |  | $ | 6,976 |  |  |  | $ |  | 2,816 |  |  | $ |  | 30,812 |  |  |  | $ |  | 10,018 |  |  | $ |  | 50,622 |
Acquisitions |  |  | — |  |  |  |  | — |  |  |  | 3,906 |  |  |  |  | 6,014 |  |  |  | 9,920 |
Divestitures |  |  | — |  |  |  |  | — |  |  |  | — |  |  |  |  | — |  |  |  | — |
Adjustments |  |  | — |  |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  | — |
Goodwill at March 31, 2020 |  |  | $ | 6,976 |  |  |  | $ |  | 2,816 |  |  | $ |  | 34,718 |  |  |  | $ |  | 16,032 |  |  | $ |  | 60,542 |
As a result of recent operating losses within our Commercial and Industrial business, we determined that an indicator of a potential goodwill impairment was present. As a result of this indicator, we performed a quantitative goodwill impairment assessment as of March 31, 2020. Based on the results of this assessment, we concluded that the fair value of our Commercial and Industrial reporting unit remains in excess of its carrying value, and therefore, we have not recorded an impairment charge for the quarter ended March 31, 2020. Our estimate of implied fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions, including the impact of COVID-19 on our business, that might directly impact the future performance of our business, and are therefore uncertain. As of March 31, 2020, it is reasonably possible that judgments and estimates of certain key assumptions, including our internal forecasts or the external market conditions, could change in future periods and may result in a reduction in fair value. Significant adverse changes in future periods to these key assumptions, if any, could reasonably be expected to negatively affect our estimate of implied fair value, and may result in future goodwill impairment charges. Intangible Assets Intangible assets consist of the following:
|  |  | Estimated Useful Lives (in Years) |  | March 31, 2020 |  |  |  |  |  |  |
|  |  |  |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  | Net |
Trademarks/trade names |  |  | 5-20 |  | $ | 7,854 |  |  | $ |  | (1,446) |  |  | $ |  | 6,408 |
Technical library |  |  | 20 |  |  | 400 |  |  |  | (131) |  |  |  | 269 |
Customer relationships |  |  | 6-15 |  |  | 46,189 |  |  |  | (12,779) |  |  |  | 33,410 |
Non-competition arrangements |  |  | 5 |  |  | 1,300 |  |  |  | (34) |  |  |  | 1,266 |
Backlog and construction contracts |  |  | 1 |  |  | 3,274 |  |  |  | (817) |  |  |  | 2,457 |
Total intangible assets |  |  |  |  | $ | 59,017 |  |  | $ |  | (15,207) |  |  | $ |  | 43,810 |
|  |  | Estimated Useful Lives (in Years) |  | September 30, 2019 |  |  |  |  |  |  |
|  |  |  |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  | Net |
Trademarks/trade names |  |  | 5-20 |  | $ | 5,084 |  |  | $ |  | (1,267) |  |  | $ |  | 3,817 |
Technical library |  |  | 20 |  |  | 400 |  |  |  | (121) |  |  |  | 279 |
Customer relationships |  |  | 6-15 |  |  | 33,539 |  |  |  | (11,051) |  |  |  | 22,488 |
Non-competition arrangements |  |  | 5 |  |  | 40 |  |  |  | (9) |  |  |  | 31 |
Backlog and construction contracts |  |  | 1 |  |  | 599 |  |  |  | (591) |  |  |  | 8 |
Total intangible assets |  |  |  |  | $ | 39,662 |  |  | $ |  | (13,039) |  |  | $ |  | 26,623 |
The weighted average useful life of our intangible assets at March 31, 2020, was 10.4 years.

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