| Intangible Assets |
8. Intangible Assets
Intangible assets at September 30, 2013 and September 30, 2012 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2013 |
|
September 30, 2012 |
|
|
|
Useful
Life
(in years) |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
|
|
(dollars in thousands)
|
|
|
Contract intangibles |
|
|
5 - 7 |
|
$ |
37,236 |
|
$ |
(16,696 |
) |
$ |
20,540 |
|
$ |
33,300 |
|
$ |
(7,266 |
) |
$ |
26,034 |
|
|
Brand and technology |
|
|
3 - 5 |
|
|
5,965 |
|
|
(1,666 |
) |
|
4,299 |
|
|
6,325 |
|
|
(1,023 |
) |
|
5,302 |
|
|
Covenants not to compete |
|
|
3 - 5 |
|
|
4,440 |
|
|
(1,439 |
) |
|
3,001 |
|
|
4,400 |
|
|
(1,770 |
) |
|
2,630 |
|
|
Patent and trademarks |
|
|
3 - 10 |
|
|
509 |
|
|
(144 |
) |
|
365 |
|
|
374 |
|
|
(136 |
) |
|
238 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets, net |
|
|
|
|
|
|
|
|
|
|
$ |
28,205 |
|
|
|
|
|
|
|
$ |
34,204 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Future expected amortization of intangible assets at September 30, 2013 was as follows:
|
|
|
|
|
|
Years ending September 30, |
|
Amortization |
|
|
|
(in thousands)
|
|
|
2014 |
|
$ |
11,143 |
|
|
2015 |
|
|
9,367 |
|
|
2016 |
|
|
6,281 |
|
|
2017 |
|
|
1,265 |
|
|
2018 and after |
|
|
149 |
|
| |
|
|
|
|
Total |
|
$ |
28,205 |
|
| |
|
|
|
Amortization expense related to intangible assets for the years ended September 30, 2013, 2012 and 2011 was $11,678,000, $9,451,000, and $1,514,000, respectively. |