Goodwill and Other Intangible Assets

9 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

9.   Goodwill and Other Intangible Assets

In connection with the acquisition of all the intellectual property and related assets of the OptoSeis^® fiber optic sensing technology business from PGS Americas, Inc. in November 2018, the Company recorded goodwill of $0.7 million and other intangible assets of $3.7 million.  As a result of this acquisition and the acquisition of Quantum Technologies Sciences, Inc. (“Quantum”) in July 2018, the Company’s consolidated intangible assets consisted of the following (in thousands):        

	Weighted-
	Average
	Remaining Useful
	Lives (in years)	June 30, 2019			September 30, 2018
Goodwill		$	5,007		$	4,343
Other intangible assets:
Developed technology	17.4		5,919			4,200
Customer relationships	3.4		3,900			2,500
Trade names	4.5		1,930			1,400
Non-compete agreements	3.5		170			100
Total other intangible assets	10.5		11,919			8,200
Accumulated amortization			(1,422	)		(194	)
		$	10,497		$	8,006

Intangible assets amortization expense was $1.2 million for the nine months ended June 30, 2019.  The Company had no intangible asset amortization expense for the nine months ended June 30, 2018.

As of June 30, 2019, future estimated amortization expense of other intangible assets is as follows (in thousands):

For fiscal years ending September 30,
Three months ending September 30, 2019	$	433
2020		1,732
2021		1,732
2022		1,624
2023		714
Thereafter		4,262
	$	10,497