GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Included on the Company’s Consolidated Balance Sheets at June 30, 2017 and September 30, 2016 are the following intangible assets gross carrying amounts and accumulated amortization:

(Dollars in thousands)	June 30, 2017		September 30, 2016
Goodwill	$	365,965		323,616

Intangible assets with determinable lives:
Patents
Gross carrying amount	$	927		917
Less: accumulated amortization		742		726
Net	$	185		191

Capitalized software
Gross carrying amount	$	60,216		54,003
Less: accumulated amortization		32,136		26,737
Net	$	28,080		27,266

Customer relationships
Gross carrying amount	$	163,331		111,887
Less: accumulated amortization		35,005		28,633
Net	$	128,325		83,254

Other
Gross carrying amount	$	5,255		2,777
Less: accumulated amortization		1,220		859
Net	$	4,035		1,918
Intangible assets with indefinite lives:
Trade names	$	167,920		119,128

The changes in the carrying amount of goodwill attributable to each business segment for the nine months ended June 30, 2017 is as follows:

(Dollars in millions)	USG		Test		Filtration		Packaging		Total
Balance as of September 30, 2016		226.2		34.1		43.9		19.4		323.6
Acquisition activity		12.3		-		30.1		-		42.4
Foreign currency translation and other		0.2		-		(0.5)		0.3		-
Balance as of June 30, 2017	$	238.7		34.1		73.5		19.7		366.0

- 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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