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Intangible Assets
12 Months Ended
Sep. 30, 2014
Intangible Assets  
Intangible Assets

7. Intangible Assets

        Intangible assets at September 30, 2014 and September 30, 2013 consisted of the following:

                                                                                                                                                                                    

 

 

 

 

September 30, 2014

 

September 30, 2013

 

 

 

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

 

 

2 - 5

 

$

33,300

 

$

(21,796

)

$

11,504

 

$

37,236

 

$

(16,696

)

$

20,540

 

Brand and technology

 

 

3 - 5

 

 

5,947

 

 

(2,852

)

 

3,095

 

 

5,965

 

 

(1,666

)

 

4,299

 

Covenants not to compete

 

 

3 - 5

 

 

4,330

 

 

(2,245

)

 

2,085

 

 

4,440

 

 

(1,439

)

 

3,001

 

Patent and trademarks

 

 

3 - 10

 

 

672

 

 

(257

)

 

415

 

 

509

 

 

(144

)

 

365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets, net

 

 

 

 

 

 

 

 

 

 

$

17,099

 

 

 

 

 

 

 

$

28,205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Future expected amortization of intangible assets at September 30, 2014 was as follows:

                                                                                                                                                                                    

Years ending September 30,

 

Amortization

 

 

 

(in thousands)

 

2015

 

$

8,378 

 

2016

 

 

6,278 

 

2017

 

 

1,435 

 

2018

 

 

875 

 

2019 and after

 

 

133 

 

 

 

 

 

Total

 

$

17,099 

 

 

 

 

 

 

 

 

 

        Amortization expense related to intangible assets for the years ended September 30, 2014, 2013 and 2012 was $10,972,000, $11,678,000, and $9,451,000, respectively.