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Goodwill and Intangible Assets

9 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets Disclosure

11. GOODWILL AND INTANGIBLE ASSETS

The following is a progression of goodwill by segment for the nine months ended June 30, 2016:

			Commercial &		Infrastructure
	Residential		Industrial		Solutions		Total
Goodwill at September 30, 2015	$	8,631	$	-	$	8,618	$	17,249
Acquisitions "Note 13"		-		3,676		19,281		22,957
Divestitures "Note 13"		-		-		(577)		(577)
Goodwill at June 30, 2016	$	8,631	$	3,676	$	27,322	$	39,629

Goodwill

We evaluate goodwill for potential impairment at least annually at year end, however, if impairment indicators exist, we will evaluate as needed. Events affecting the composition of a reporting unit, such as a sale or disposal, can be an indication of a potential impairment. As such, after allocating $577 of goodwill to a disposal group within our Infrastructure Solutions reporting unit, we considered whether it was more likely than not that the fair value of the reporting unit was less than its carrying amount. Based on the results of this analysis, no impairment was indicated.

Intangible assets consist of the following:

		June 30, 2016
	Estimated
	Useful Lives		Gross Carrying		Accumulated
	(in Years)		Amount		Amortization	Net
Trademarks/trade names	8 - Indefinite	$	3,845	$	80	$	3,765
Technical library	20		400		56		344
Customer relationships	8 - 15		27,314		1,487		25,827
Covenants not to compete	3		140		140		-
Developed technology	4		400		333		67
Backlog	1		1,571		257		1,314
Construction contracts	1		2,191		555		1,636
Total		$	35,861	$	2,908	$	32,953

		September 30, 2015
	Estimated
	Useful Lives		Gross Carrying		Accumulated
	(in Years)		Amount		Amortization	Net
Trademarks/trade names	8 - Indefinite	$	1,400	$	9	$	1,391
Technical library	20		400		41		359
Customer relationships	8 - 12		3,600		788		2,812
Covenants not to compete	3		140		121		19
Developed technology	4		400		258		142
Total		$	5,940	$	1,217	$	4,723

- 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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