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Goodwill and Other Intangible Assets
12 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

11. Goodwill and Other Intangible Assets

In connection with the acquisition of Quantum in July 2018, the Company recorded goodwill of $4.3 million and other intangible assets of $8.2 million.  Intangible assets consisted of the following (in thousands):

 

 

Weighted-Average Remaining Useful Lives (in years)

 

AS OF SEPTEMBER 30, 2018

 

Goodwill

 

 

$

4,343

 

Other intangible assets:

 

 

 

 

 

Developed technology

17.8

 

 

4,200

 

Customer relationships

4.8

 

 

2,500

 

Trade names

3.8

 

 

1,400

 

Non-compete agreements

3.8

 

 

100

 

Total other intangible assets

11.3

 

 

8,200

 

Accumulated amortization

 

 

 

(194

)

 

 

 

$

8,006

 

 

Other intangible assets amortization expense was $0.2 million in fiscal year 2018.  The aggregate amortization expense on other intangible assets for the succeeding five fiscal years ending September 2023 is estimated to be $1.2 million, $1.2 million, $1.2 million, $1.1 million and $0.5 million, respectively.  The Company had no other intangible assets in fiscal years 2017 and 2016.