XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Dec. 31, 2022
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:
| Memorialization |  | Industrial Technologies |  | SGK Brand Solutions |  | Consolidated
Net goodwill at September 30, 2022 | $ | 361,782 |  |  | $ | 107,022 |  |  | $ | 206,617 |  |  | $ | 675,421 |
Additions during period | — |  |  | — |  |  | 410 |  |  | 410 |
Translation and other adjustments | 2,253 |  |  | 4,507 |  |  | 9,424 |  |  | 16,184 |
Net goodwill at December 31, 2022 | $ | 364,035 |  |  | $ | 111,529 |  |  | $ | 216,451 |  |  | $ | 692,015 |
The net goodwill balances at December 31, 2022 and September 30, 2022 included $261,186 of accumulated impairment losses. Accumulated impairment losses at December 31, 2022 and September 30, 2022 were $5,000, $23,946 and $232,240 for the Memorialization, Industrial Technologies and SGK Brand Solutions segments, respectively. The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2022 (January 1, 2022) and determined that the estimated fair values for all goodwill reporting units exceeded their carrying values, therefore no impairment charges were necessary. The Company performed an interim assessment of its SGK Brand Solutions goodwill reporting unit as of September 1, 2022 and recorded a goodwill write-down totaling $82,454 during the fiscal 2022 fourth quarter. Subsequent to this write-down, the fair value of the SGK Brand Solutions reporting unit approximated its carrying value at September 1, 2022. If current projections are not achieved or specific valuation factors outside the Company's control (such as discount rates and continued economic and industry challenges) significantly change, additional goodwill write-downs may be necessary in future periods. The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2022 and September 30, 2022, respectively.
| Carrying Amount |  | Accumulated Amortization |  | Net
December 31, 2022: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 151,064 |  |  | (119,029) |  |  | 32,035 |
Customer relationships | 383,983 |  |  | (259,161) |  |  | 124,822 |
Copyrights/patents/other | 21,389 |  |  | (15,030) |  |  | 6,359 |
| $ | 586,976 |  |  | $ | (393,220) |  |  | $ | 193,756 |
September 30, 2022: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 150,528 |  |  | (117,572) |  |  | 32,956 |
Customer relationships | 380,593 |  |  | (248,464) |  |  | 132,129 |
Copyrights/patents/other | 20,878 |  |  | (14,349) |  |  | 6,529 |
| $ | 582,539 |  |  | $ | (380,385) |  |  | $ | 202,154 |
The net change in intangible assets during the three months ended December 31, 2022 included the impact of foreign currency fluctuations during the period and additional amortization. Amortization expense on intangible assets was $10,342 and $21,546 for the three-month periods ended December 31, 2022 and 2021, respectively. Amortization expense is estimated to be $31,072 for the remainder of fiscal 2023, $39,203 in 2024, $16,158 in 2025, $14,357 in 2026 and $13,364 in 2027.

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 https://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