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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Mar. 31, 2018
Schedule of Goodwill and Intangible Assets

The following table presents the changes in the carrying amount of goodwill and indefinite lived intangibles (in thousands):







 



 



Amount



 

Balance as of September 30, 2017

$           6,685

Goodwill acquired during the year

11,509 

Indefinite lived trade names acquired during the year

3,200 

Balance as of March 31, 2018

$         21,394



Schedule of Acquired Intellectual Property, Net

Acquired intellectual property, net, were comprised of the following at March 31, 2018 and September 30, 2017 (in thousands):





 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

Identified

 

Weighted

 

 

Gross

 

 

 

 

Intangible

 

Average

 

 

Carrying

 

Accumulated

 

Net Carrying

Asset

 

Useful Life

 

 

Amount

 

Amortization

 

Amount



 

(In years)

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Intellectual property

 

8

 

$

15,020 

 

$

(10,935)

 

$

4,085 



 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

Identified

 

Weighted

 

 

Gross

 

 

 

 

 

 

Intangible

 

Average

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

Asset

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Amount



 

(In years)

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Intellectual property

 

8

 

$

11,621 

 

$

(10,734)

 

$

887 



Schedule of Ohter Intangible Assets, Net

Other intangible assets, net, were comprised of the following at March 31, 2018 and September 30, 2017 (in thousands):







 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

Identified

 

Weighted

 

 

Gross

 

 

 

 

Intangible

 

Average

 

 

Carrying

 

Accumulated

 

Net Carrying

Asset

 

Useful Life

 

 

Amount

 

Amortization

 

Amount



 

(In years)

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Patents

 

20

 

$

160 

 

$

(109)

 

$

51 

Customer relationships

 

8

 

 

8,075 

 

 

(2,854)

 

 

5,221 

Trade names

 

-

 

 

120 

 

 

(120)

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

8,355 

 

$

(3,083)

 

$

5,272 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

Identified

 

Weighted

 

 

Gross

 

 

 

 

Intangible

 

Average

 

 

Carrying

 

Accumulated

 

Net Carrying

Asset

 

Useful Life

 

 

Amount

 

Amortization

 

Amount



 

(In years)

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Patents

 

20

 

$

160 

 

$

(105)

 

$

55 

Customer relationships

 

14

 

 

3,574 

 

 

(2,660)

 

 

914 

Trade names

 

3

 

 

120 

 

 

(120)

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

3,854 

 

$

(2,885)

 

$

969 



Intellectual Property [Member]  
Schedule of Estimated Future Amortization Expense

The future amortization expense as of March 31, 2018 related to the acquired intellectual property is as follows (in thousands):





 

 

 



 

 

 

Fiscal Years Ending September 30,

 

 

 



 

 

 

2018

 

$

342 

2019

 

 

684 

2020

 

 

684 

2021

 

 

533 

2022

 

 

425 

Thereafter

 

 

1,417 

Total future amortization expense 

 

$

4,085 



Other Intangible Assets [Member]  
Schedule of Estimated Future Amortization Expense

The future amortization expense as of March 31, 2018 related to other intangible assets is as follows (in thousands):







 

 

 

Fiscal Years Ending September 30,

 

 

 



 

 

 

2018

 

$

496 

2019

 

 

992 

2020

 

 

992 

2021

 

 

992 

2022

 

 

992 

Thereafter

 

 

808 

Total future amortization expense 

 

$

5,272