Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
 3 Months Ended
Dec. 31, 2020
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
Net goodwill at September 30, 2020 $ 311,737  $ 361,682  $ 91,969  $ 765,388 
Translation and other adjustments 11,041  1,308  704  13,053 
Net goodwill at December 31, 2020 $ 322,778  $ 362,990  $ 92,673  $ 778,441 
The net goodwill balances at December 31, 2020 and September 30, 2020 included $178,732 of accumulated impairment losses. Accumulated impairment losses at December 31, 2020 and September 30, 2020 were $173,732 and $5,000 for the SGK Brand Solutions and Memorialization segments, respectively.
The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2020 (January 1, 2020) and determined that the estimated fair values for all goodwill reporting units exceeded their carrying values. The Company performed an interim assessment of its goodwill reporting units within the SGK Brand Solutions segment (Graphics Imaging and Cylinders, Surfaces and Engineered Products) as of March 31, 2020 and recorded a $90,408 goodwill write-down during the second quarter of fiscal 2020. Subsequent to this write-down, the fair values of the two reporting units within the SGK Brand Solutions segment (Graphics Imaging and Cylinders, Surfaces and Engineered Products) approximated their carrying values at March 31, 2020. If current projections are not achieved or specific valuation factors outside the Company’s control (such as discount rates and continued economic and industry impacts of COVID-19) significantly change, additional goodwill write-downs may be necessary in future periods.
Note 14.   Goodwill and Other Intangible Assets (continued)
The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2020 and September 30, 2020, respectively.
Carrying
Amount		 Accumulated
Amortization		 Net
December 31, 2020:        
Indefinite-lived trade names $ 30,540  $ —  $ 30,540 
Definite-lived trade names 149,094  (72,658) 76,436 
Customer relationships 382,733  (174,811) 207,922 
Copyrights/patents/other 21,023  (14,939) 6,084 
  $ 583,390  $ (262,408) $ 320,982 
September 30, 2020:
     
Indefinite-lived trade names $ 30,540  $ —  $ 30,540 
Definite-lived trade names 148,867  (64,462) 84,405 
Customer relationships 379,246  (166,892) 212,354 
Copyrights/patents/other 20,704  (14,505) 6,199 
$ 579,357  $ (245,859) $ 333,498 
The net change in intangible assets during the three months ended December 31, 2020 included the impact of foreign currency fluctuations during the period and additional amortization.

Amortization expense on intangible assets was $15,221 and $17,942 for the three-month periods ended December 31, 2020 and 2019, respectively. Amortization expense is estimated to be $45,270 for the remainder of fiscal 2021, $47,046 in 2022, $28,165 in 2023, $26,458 in 2024 and $24,471 in 2025.