XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Jun. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | 7. GOODWILL AND OTHER INTANGIBLE ASSETS Included on the Company’s Consolidated Balance Sheets at June 30, 2020 and September 30, 2019 are the following intangible assets gross carrying amounts and accumulated amortization from continuing operations: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | September 30,
(Dollars in thousands) |  | 2020 |  | 2019
Goodwill | ​ | $ | 389,942 |  | 390,256
​ | ​ |  | ​ | ​ |
Intangible assets with determinable lives: | ​ |  | ​ | ​ |
Patents | ​ |  | ​ | ​ |
Gross carrying amount | ​ | $ | 2,079 | ​ | 1,945
Less: accumulated amortization | ​ |  | 832 | ​ | 748
Net | ​ | $ | 1,247 | ​ | 1,197
​ | ​ |  | ​ | ​ |
Capitalized software | ​ |  | ​ | ​ |
Gross carrying amount | ​ | $ | 85,528 | ​ | 78,962
Less: accumulated amortization | ​ |  | 55,315 | ​ | 48,530
Net | ​ | $ | 30,213 | ​ | 30,432
​ | ​ |  | ​ | ​ |
Customer relationships | ​ |  | ​ | ​ |
Gross carrying amount | ​ | $ | 227,095 | ​ | 227,225
Less: accumulated amortization | ​ |  | 64,562 | ​ | 55,326
Net | ​ | $ | 162,533 | ​ | 171,899
​ | ​ |  | ​ | ​ |
Other | ​ |  | ​ | ​ |
Gross carrying amount | ​ | $ | 5,129 | ​ | 5,441
Less: accumulated amortization | ​ |  | 3,105 | ​ | 2,645
Net | ​ | $ | 2,024 | ​ | 2,796
Intangible assets with indefinite lives: | ​ |  | ​ | ​ |
Trade names | ​ | $ | 174,083 | ​ | 175,281
​ The changes in the carrying amount of goodwill attributable to each business segment for the nine months ended June 30, 2020 is as follows on a continuing operations basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Aerospace | ​ | ​
(Dollars in millions) |  | USG |  | Test |  | & Defense |  | Total
Balance as of September 30, 2019 | ​ | $ | 254.0 |  | 34.1 |  | 102.2 |  | 390.3
Foreign currency translation | ​ | ​ | (0.3) | ​ | (0.1) | ​ | — | ​ | (0.4)
Balance as of June 30, 2020 | ​ | $ | 253.7 | ​ | 34.0 | ​ | 102.2 | ​ | 389.9
​ The economic uncertainty, changes in the propensity for the general public to travel by air, and reductions in demand for commercial aircraft as a result of the COVID-19 pandemic have adversely impacted net sales and operating results in certain of our Aerospace and Defense reporting units and was determined to be an event and change in circumstances that required a quantitative review of goodwill and other intangible assets for impairment. The determination of the fair value of reporting units is based, among other things, on estimates of future operating performance of the reporting unit being valued. The Company's methodology includes the use of an income approach that discounts future net cash flows to their present value at a rate that reflects the Company's cost of capital. These estimated fair values are based on estimates of future cash flows of the businesses. Factors affecting these future cash flows include the continued market demand for, and acceptance of, the products and services offered by the businesses, the development of new products and services by the businesses and the underlying cost of development, the future cost structure of the businesses and future technological changes. The Company also incorporates market multiples for comparable companies in determining the fair value of its reporting units where applicable. The quantitative review determined that there was no impairment during the three and nine months ended June 30, 2020. Due to similar and other challenges in our NRG reporting unit, a quantitative review of goodwill and other intangible assets for impairment was performed. The Company determined that there was no impairment during the three and nine months ended June 30, 2020.

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