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Goodwill and Other Intangible Assets
3 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 5. Goodwill and Other Intangible Assets

(a) Goodwill

The changes in the carrying amount of goodwill as of December 31, 2019 are as follows (dollars in thousands):

 

 

 

Total

 

Balance as of October 1, 2019

 

$

1,119,329

 

Acquisitions

 

 

 

Effect of foreign currency translation

 

 

3,536

 

Balance as of December 31, 2019

 

$

1,122,865

 

 

(b) Intangible Assets, Net

The following tables summarizes the gross carrying amounts and accumulated amortization of intangible assets by major class (dollars in thousands):

 

 

 

December 31, 2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted Average

Remaining Life

(Years)

 

Customer relationships

 

$

108,863

 

 

$

(65,369

)

 

$

43,494

 

 

 

3.7

 

Technology and patents

 

 

90,174

 

 

 

(72,955

)

 

 

17,219

 

 

 

2.3

 

Total

 

$

199,037

 

 

$

(138,324

)

 

$

60,713

 

 

 

 

 

 

 

 

September 30, 2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted Average

Remaining Life

(Years)

 

Customer relationships

 

$

104,783

 

 

$

(58,568

)

 

$

46,215

 

 

 

4.0

 

Technology and patents

 

 

116,757

 

 

 

(97,411

)

 

 

19,346

 

 

 

2.5

 

Total

 

$

221,540

 

 

$

(155,979

)

 

$

65,561

 

 

 

 

 

 

Amortization expense related to intangible assets in the aggregate was $5.2 million and $5.3 million for the three months ended December 31, 2019 and 2018, respectively. We expect amortization of intangible assets to be $15.5 million for the remainder of 2020.