Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.3.1.900
Goodwill and Other Intangible Assets
 3 Months Ended
Dec. 31, 2015
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets
Note 13.   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
    
Consolidated
  
                 
Goodwill
  
$
466,647
    
$
346,946
    
$
52,887
    
$
866,480
  
Accumulated impairment losses
    
(5,752
)
    
(5,000
)
    
-
      
(10,752
)
Balance at September 30, 2015
    
460,895
      
341,946
      
52,887
      
855,728
  
                                 
Additions during period
    
-
      
-
      
-
      
-
  
Translation and other  adjustments
    
(4,995
)
    
904
      
(163
)
    
(4,254
)
Goodwill
    
461,652
      
347,850
      
52,724
      
862,226
  
Accumulated impairment losses
    
(5,752
)
    
(5,000
)
    
-
      
(10,752
)
Balance at December 31, 2015
  
$
455,900
    
$
342,850
    
$
52,724
    
$
851,474
  

The Company performed its annual impairment review in the second quarter of fiscal 2015 and has determined that estimated fair value for all reporting units exceeded carrying value, therefore no adjustments to the carrying value of goodwill were necessary.

The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2015 and September 30, 2015, respectively.

   
Carrying
    
Accumulated
      
   
Amount
    
Amortization
    
Net
  
December 31, 2015:
            
Trade names
  
$
168,467
    
$
-
*
  
$
168,467
  
Trade names
    
1,781
      
(1,707
)
    
74
  
Customer relationships
    
285,909
      
(46,667
)
    
239,242
  
Copyrights/patents/other
    
11,315
      
(10,356
)
    
959
  
   
$
467,472
    
$
(58,730
)
  
$
408,742
  
                         
September 30, 2015:
                        
Trade names
  
$
168,467
    
$
-
*
  
$
168,467
  
Trade names
    
1,815
      
(1,718
)
    
97
  
Customer relationships
    
296,689
      
(51,393
)
    
245,296
  
Copyrights/patents/other
    
11,389
      
(10,249
)
    
1,140
  
   
$
478,360
    
$
(63,360
)
  
$
415,000
  
* Not subject to amortization
                  
 
The net change in intangible assets during the three months ended December 31, 2015 included the impact of foreign currency fluctuations during the period and additional amortization.

Amortization expense on intangible assets was $5,216 and $4,650 for the three-month periods ended December 31, 2015 and 2014, respectively.  Amortization expense is estimated to be $16,081 for the rest of 2016, $20,315 in 2017, $19,020 in 2018, $17,985 in 2019 and $16,866 in 2020.