Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.6.0.2
Goodwill and Other Intangible Assets
 3 Months Ended
Dec. 31, 2016
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:
 
SGK Brand
Solutions
 
Memorialization
 
Industrial Technologies
 
Consolidated
 
 
 
 
 
 
 
 
Goodwill
$
458,510

 
$
347,116

 
$
56,615

 
$
862,241

Accumulated impairment losses
(5,752
)
 
(5,000
)
 
—

 
(10,752
)
Balance at September 30, 2016
452,758

 
342,116

 
56,615

 
851,489

 
 
 
 
 
 
 
 
Additions during period
—

 
—

 
7,911

 
7,911

Translation and other adjustments
(15,067
)
 
(2,944
)
 
(226
)
 
(18,237
)
Goodwill
443,443

 
344,172

 
64,300

 
851,915

Accumulated impairment losses
(5,752
)
 
(5,000
)
 
—

 
(10,752
)
Balance at December 31, 2016
$
437,691

 
$
339,172

 
$
64,300

 
$
841,163


The Company performed its annual impairment review in the second quarter of fiscal 2016 and 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, 2016 and September 30, 2016, respectively.
 
Carrying
Amount
 
Accumulated
Amortization
 
Net
December 31, 2016:
 
 
 
 
 
Trade names
$
168,467

 
$
—

*
$
168,467

Trade names
1,738

 
(1,738
)
 
—

Customer relationships
283,699

 
(66,200
)
 
217,499

Copyrights/patents/other
10,896

 
(10,585
)
 
311

 
$
464,800

 
$
(78,523
)
 
$
386,277

 
 
 
 
 
 
September 30, 2016:
 

 
 

 
 

Trade names
$
168,467

 
$
—

*
$
168,467

Trade names
1,814

 
(1,802
)
 
12

Customer relationships
286,595

 
(61,706
)
 
224,889

Copyrights/patents/other
11,066

 
(10,593
)
 
473

 
$
467,942

 
$
(74,101
)
 
$
393,841

* Not subject to amortization
 
 

 
 



The net change in intangible assets during the three months ended December 31, 2016 included the impact of foreign currency fluctuations during the period, additional amortization, and additions related to the Guidance acquisition.

Amortization expense on intangible assets was $4,941 and $5,216 for the three-month periods ended December 31, 2016 and 2015, respectively.  Amortization expense is estimated to be $15,304 for the remainder of fiscal 2017, $19,162 in 2018, $18,120 in 2019, $17,008 in 2020 and $16,252 in 2021.