XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Jun. 30, 2023
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 | 2,682 |  |  | 6,756 |  |  | 1,924 |  |  | 11,362 |
Translation and other adjustments | 2,739 |  |  | 795 |  |  | 12,599 |  |  | 16,133 |
Net goodwill at June 30, 2023 | $ | 367,203 |  |  | $ | 114,573 |  |  | $ | 221,140 |  |  | $ | 702,916 |
The net goodwill balances at June 30, 2023 and September 30, 2022 included $261,186 of accumulated impairment losses. Accumulated impairment losses at June 30, 2023 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 2023 (January 1, 2023) 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 SGK Brand Solutions reporting unit exceeded the carrying value (expressed as a percentage of carrying value) by approximately 9%. 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. Note 16. Goodwill and Other Intangible Assets (continued) The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of June 30, 2023 and September 30, 2022, respectively.
| Carrying Amount |  | Accumulated Amortization |  | Net
June 30, 2023: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 151,756 |  |  | (121,514) |  |  | 30,242 |
Customer relationships | 382,648 |  |  | (274,676) |  |  | 107,972 |
Copyrights/patents/other | 22,483 |  |  | (16,283) |  |  | 6,200 |
| $ | 587,427 |  |  | $ | (412,473) |  |  | $ | 174,954 |
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 nine months ended June 30, 2023 included the impact of foreign currency fluctuations during the period, additional amortization, and additions related to the Eagle acquisition. Amortization expense on intangible assets was $10,640 and $11,804 for the three-month periods ended June 30, 2023 and 2022, respectively. Amortization expense on intangible assets was $31,499 and $45,303 for the nine-month periods ended June 30, 2023 and 2022, respectively. Amortization expense is estimated to be $10,643 for the remainder of fiscal 2023, $39,963 in 2024, $16,393 in 2025, $14,457 in 2026 and $13,386 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration