Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.4.0.3
Goodwill and Other Intangible Assets
6 Months Ended
Mar. 31, 2016
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 Technologies
   
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
   
-
     
-
     
3,958
     
3,958
 
Translation and other  adjustments
   
4,096
     
1,907
     
(71
)
   
5,932
 
Goodwill
   
470,743
     
348,853
     
56,774
     
876,370
 
Accumulated impairment losses
   
(5,752
)
   
(5,000
)
   
-
     
(10,752
)
Balance at March 31, 2016
 
$
464,991
   
$
343,853
   
$
56,774
   
$
865,618
 

The Company performed its annual impairment review in the second quarter of fiscal 2016 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 March 31, 2016 and September 30, 2015, respectively.

   
Carrying
   
Accumulated
       
   
Amount
   
Amortization
   
Net
 
March 31, 2016:
                 
Trade names
 
$
168,467
   
$
-
*
 
$
168,467
 
Trade names
   
1,830
     
(1,778
)
   
52
 
Customer relationships
   
289,530
     
(51,905
)
   
237,625
 
Copyrights/patents/other
   
11,292
     
(10,494
)
   
798
 
   
$
471,119
   
$
(64,177
)
 
$
406,942
 
                         
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 six months ended March 31, 2016 included the impact of foreign currency fluctuations during the period, additional amortization, and additions related to the DDI acquisition.

Amortization expense on intangible assets was $5,190 and $4,571 for the three-month periods ended March 31, 2016 and 2015, respectively.  For the six-month periods ended March 31, 2016 and 2015, amortization expense was $10,406 and $9,221, respectively. Amortization expense is estimated to be $10,817 for the remainder of 2016, $20,489 in 2017, $19,189 in 2018, $18,146 in 2019 and $17,020 in 2020.