Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

12.

Goodwill and Other Intangible Assets

Goodwill and intangible assets that have indefinite useful lives are recorded at cost and are not amortized but, instead, tested at least annually for impairment. The Company assesses the impairment of goodwill on an annual basis or whenever events or changes in circumstances indicate that the fair value of these assets is less than the carrying value.

The Company performs annual goodwill impairment test as of July 1, and tested goodwill recognized in connection with the acquisitions of Mediasite, MediaMission and Mediasite KK and determined it was not impaired. For purposes of the test, goodwill on the Company’s books is evaluated within three separate reporting units.

The changes in the carrying amount of goodwill for the years ended September 30, 2015 and 2014, respectively, are as follows:


Balance as of September 30, 2013	$	7,576
Goodwill acquired during year:
Mediasite KK		2,906
MediaMission		933
Foreign currency translation adjustment		(230	)

Balance as of September 30, 2014		11,185

Foreign currency translation adjustment		(332	)

Balance as of September 30, 2015	$	10,853

The following tables present details of the Company’s total intangible assets at September 30, 2015 and 2014:


(in thousands)	Life (years)		Gross		Accumulated Amortization at September 30, 2015		Balance at September 30, 2015
Amortizable:
Loan origination fees		3	$	302	$	190	$	112
Customer relationships		10		2,329		457		1,872
Software development costs		3		533		429		104
Product rights		6		672		164		508

				3,836		1,240		2,596

Non-amortizable goodwill				10,853		—		10,853

Total			$	14,689	$	1,240	$	13,449


(in thousands)	Life (years)		Gross		Accumulated Amortization at September 30, 2014		Balance at September 30, 2014
Amortizable:
Loan origination fees		3	$	199	$	162	$	37
Customer relationships		10		2,662		191		2,471
Software development costs		3		533		252		281
Product rights		6		672		41		631

				4,066		646		3,420

Non-amortizable goodwill				11,185		—		11,185

Total			$	15,251	$	646	$	14,605

Estimated amortization expense for each of the five subsequent fiscal years is expected to be (in thousands):


Fiscal Year (in thousands)
2016	$	563
2017		432
2018		390
2019		362
2020		302
Thereafter		547

Total	$	2,596

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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