XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Jun. 30, 2024
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, 2023 | $ | 366,015 |  |  | $ | 115,073 |  |  | $ | 217,021 |  |  | $ | 698,109 |
Additions during period | 2,551 |  |  | — |  |  | — |  |  | 2,551 |
Translation and other adjustments | 3,272 |  |  | 383 |  |  | 1,904 |  |  | 5,559 |
Net goodwill at June 30, 2024 | $ | 371,838 |  |  | $ | 115,456 |  |  | $ | 218,925 |  |  | $ | 706,219 |
The net goodwill balances at June 30, 2024 and September 30, 2023 included $261,186 of accumulated impairment losses. Accumulated impairment losses at June 30, 2024 and September 30, 2023 were $5,000, $23,946 and $232,240 for the Memorialization, Industrial Technologies and SGK Brand Solutions segments, respectively. Note 16. Goodwill and Other Intangible Assets (continued) The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2024 (January 1, 2024) and determined that the estimated fair values for all goodwill reporting units exceeded their carrying values, therefore no impairment charges were necessary. The results of this review indicated that 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 7%. The fair value for the reporting unit was determined using level 3 inputs (including estimates of revenue growth, EBITDA contribution and the discount rates) and a combination of the income approach using the estimated discounted cash flows and a market-based valuation methodology. 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 June 30, 2024 and September 30, 2023, respectively.
| Carrying Amount |  | Accumulated Amortization |  | Net
June 30, 2024: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 151,296 |  |  | (126,231) |  |  | 25,065 |
Customer relationships | 379,300 |  |  | (303,219) |  |  | 76,081 |
Copyrights/patents/other | 19,240 |  |  | (16,125) |  |  | 3,115 |
| $ | 580,376 |  |  | $ | (445,575) |  |  | $ | 134,801 |
September 30, 2023: |  |  |  |  |
Indefinite-lived trade names | $ | 30,540 |  |  | $ | — |  |  | $ | 30,540 |
Definite-lived trade names | 151,185 |  |  | (122,474) |  |  | 28,711 |
Customer relationships | 378,161 |  |  | (280,910) |  |  | 97,251 |
Copyrights/patents/other | 19,375 |  |  | (15,399) |  |  | 3,976 |
| $ | 579,261 |  |  | $ | (418,783) |  |  | $ | 160,478 |
The net change in intangible assets during the nine months ended June 30, 2024 included the impact of foreign currency fluctuations during the period, additional amortization, and additions related to a small acquisition within the Memorialization segment. Amortization expense on intangible assets was $9,037 and $10,640 for the three-month periods ended June 30, 2024 and 2023, respectively. Amortization expense on intangible assets was $27,791 and $31,499 for the nine-month periods ended June 30, 2024 and 2023, respectively. Amortization expense is estimated to be $9,126 for the remainder of fiscal 2024, $21,195 in 2025, $14,116 in 2026, $13,023 in 2027 and $10,959 in 2028.

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration