GOODWILL AND OTHER INTANGIBLES

9 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 6 – GOODWILL AND OTHER INTANGIBLES

The following table provides the changes in carrying value of goodwill by segment during the nine months ended June 30, 2012:

	At September 30, 2011		Goodwill from 2012 acquisitions		Other adjustments including currency translations			At June 30, 2012
Home & Building Products	$	265,147	$	4,655	$	—		$	269,802
Telephonics		18,545		—		—			18,545
Plastics		74,196		—		(4,627	)		69,569
Total	$	357,888	$	4,655	$	(4,627	)	$	357,916

The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets:

	At June 30, 2012						At September 30, 2011
	Gross Carrying Amount		Accumulated Amortization		Average Life (Years)		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	165,576	$	19,126		25	$	155,602	$	13,862
Unpatented technology		6,495		2,188		11		6,534		1,749
Total amortizable intangible assets		172,071		21,314				162,136		15,611
Trademarks		79,419		—				76,664		—
Total intangible assets	$	251,490	$	21,314			$	238,800	$	15,611

Amortization expense for intangible assets subject to amortization was $2,006 and $1,987 for the quarters ended June 30, 2012 and 2011, respectively, and $6,071 and $5,905 for the nine months ended June 30, 2012 and 2011, respectively. The amortizable intangibles acquired in the Southern Patio acquisition will increase amortization in 2012 and forward by approximately $440 per year.

During the nine months ended June 30, 2012, there were changes in management at both Plastics and Telephonics. Management performed a qualitative assessment as to whether these changes affected these reporting units’ carrying value and concluded that it was more likely than not that the fair value of the units continue to be greater than their respective carrying values.