XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.21.4

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets A summary of the carrying amount of goodwill attributable to each segment as well as the changes in such amounts are as follows:
| SGK Brand Solutions |  | Memorialization |  | Industrial Technologies |  | Consolidated
Net goodwill at September 30, 2021 | $ | 314,850 |  |  | $ | 366,360 |  |  | $ | 92,577 |  |  | $ | 773,787 |
Translation and other adjustments | (1,422) |  |  | (479) |  |  | 97 |  |  | (1,804) |
Net goodwill at December 31, 2021 | $ | 313,428 |  |  | $ | 365,881 |  |  | $ | 92,674 |  |  | $ | 771,983 |
The net goodwill balances at December 31, 2021 and September 30, 2021 included $178,732 of accumulated impairment losses. Accumulated impairment losses at December 31, 2021 and September 30, 2021 were $149,786, $5,000, and $23,946 for the SGK Brand Solutions, Memorialization, and Industrial Technologies segments, respectively. The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2021 (January 1, 2021) and determined that the estimated fair values for all goodwill reporting units exceeded their carrying values, therefore no impairment charges were necessary. The estimated fair value of the Company's Graphics Imaging reporting unit, within the SGK Brand Solutions segment, exceeded the carrying value (expressed as a percentage of carrying value) by approximately 5%. If current projections are not achieved or specific valuation factors outside the Company’s control (such as discount rates and continued economic and industry impacts of COVID-19) significantly change, goodwill write-downs may be necessary in future periods. Note 14. Goodwill and Other Intangible Assets (continued) The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2021 and September 30, 2021, respectively.
| Carrying Amount |  | Accumulated Amortization |  | Net
December 31, 2021: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 148,794 |  |  | (114,714) |  |  | 34,080 |
Customer relationships | 388,112 |  |  | (220,667) |  |  | 167,445 |
Copyrights/patents/other | 23,485 |  |  | (15,826) |  |  | 7,659 |
| $ | 590,931 |  |  | $ | (351,207) |  |  | $ | 239,724 |
September 30, 2021: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 148,867 |  |  | (104,211) |  |  | 44,656 |
Customer relationships | 388,699 |  |  | (210,361) |  |  | 178,338 |
Copyrights/patents/other | 23,584 |  |  | (15,576) |  |  | 8,008 |
| $ | 591,690 |  |  | $ | (330,148) |  |  | $ | 261,542 |
The net change in intangible assets during the three months ended December 31, 2021 included the impact of foreign currency fluctuations during the period and additional amortization. Amortization expense on intangible assets was $21,546 and $15,221 for the three-month periods ended December 31, 2021 and 2020, respectively. Amortization expense is estimated to be $35,988 for the remainder of fiscal 2022, $41,064 in 2023, $35,505 in 2024, $19,770 in 2025 and $14,686 in 2026.

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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration