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Goodwill and Other Intangible Assets | 12 Months Ended
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Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets Goodwill and other intangible assets consisted of the following (in thousands):
|  | September 30, |
|  | 2017 |  |  | 2016 |
Indefinite useful lives: |  |  |  |  |  |  |  |
Goodwill |  | $ | 43,866 |  |  | $ | 45,847 |
Licenses |  |  | 70,644 |  |  |  | 51,849 |
Tradename |  |  | 2,215 |  |  |  | - |
|  | Amortization |  |  |  |  |  |
|  | Period |  |  |  |  |  |
Definite useful lives: |  |  |  |  |  |  |  |  |  |
Discounted leases |  | 18 & 6 years |  |  | 116 |  |  |  | 123 |
Non-compete agreements |  | 5 years |  |  | 681 |  |  |  | 291 |
Software |  | 5 years |  |  | 768 |  |  |  | 503 |
|  |  |  |  | 1,565 |  |  |  | 917 |
Total goodwill and other intangible assets |  |  |  | $ | 118,290 |  |  | $ | 98,613 |
|  | 2017 |  |  | 2016 |
|  | Definite- Lived Intangibles |  |  | Indefinite-Lived Intangibles |  |  | Goodwill |  |  | Definite- Lived Intangibles |  |  | Indefinite-Lived Intangibles |  |  | Goodwill |
Beginning balance |  | $ | 917 |  |  | $ | 51,849 |  |  | $ | 45,847 |  |  | $ | 5,176 |  |  | $ | 55,902 |  |  | $ | 52,567 |
Intangibles acquired |  |  | 865 |  |  |  | 22,411 |  |  |  | 2,716 |  |  |  | 496 |  |  |  | - |  |  |  | - |
Impairment |  |  | - |  |  |  | (1,401 | ) |  |  | (4,697 | ) |  |  | - |  |  |  | (2,092 | ) |  |  | - |
Sale/closure of reporting units |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4,003 | ) |  |  | (1,961 | ) |  |  | (6,720 | )
Amortization |  |  | (217 | ) |  |  | - |  |  |  | - |  |  |  | (752 | ) |  |  | - |  |  |  | - |
Ending balance |  | $ | 1,565 |  |  | $ | 72,859 |  |  | $ | 43,866 |  |  | $ | 917 |  |  | $ | 51,849 |  |  | $ | 45,847 |
Future amortization expense related to definite-lived intangible assets that are subject to amortization at September 30, 2017 is: 2018 - $352,000; 2019 - $321,000; 2020 - $305,000; 2021 - $281,000; 2022 - $228,000; and thereafter - $78,000. Indefinite-lived intangible assets consist of sexually oriented business licenses and tradename, which were obtained as part of acquisitions. These licenses are the result of zoning ordinances, thus are valid indefinitely, subject to filing annual renewal applications, which are done at minimal costs to the Company. The discounted cash flow method of income approach was used in calculating the value of these licenses in a business combination, while the relief from royalty method was used in calculating the value of tradenames. During the year ended September 30, 2017, the Company recognized an impairment loss of $4.7 million related to the goodwill of four reporting units, including one held for sale, as well as an impairment loss of $1.4 million related to two locations’ SOB licenses. The Company impaired one reporting unit during the year ended September 30, 2016 amounting to $2.1 million for indefinite-lived intangibles. The Company impaired two reporting units during the year ended September 30, 2015 in the aggregate amount of $1.7 million for indefinite-lived intangible and zero for goodwill. See Note 16.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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