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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Included on the Company’s Consolidated Balance Sheets at September 30, 2017 and 2016 are the following intangible assets gross carrying amounts and accumulated amortization:
 
(Dollars in millions)
 
2017
 
2016
 
Goodwill
 
$
377.9
 
 
323.6
 
 
 
 
 
 
 
 
 
Intangible assets with determinable lives:
 
 
 
 
 
 
 
Patents
 
 
 
 
 
 
 
Gross carrying amount
 
$
1.0
 
 
1.0
 
Less: accumulated amortization
 
 
0.8
 
 
0.8
 
Net
 
$
0.2
 
 
0.2
 
 
 
 
 
 
 
 
 
Capitalized software
 
 
 
 
 
 
 
Gross carrying amount
 
$
63.0
 
 
54.0
 
Less: accumulated amortization
 
 
34.4
 
 
26.7
 
Net
 
$
28.6
 
 
27.3
 
 
 
 
 
 
 
 
 
Customer Relationships
 
 
 
 
 
 
 
Gross carrying amount
 
$
181.9
 
 
111.9
 
Less: accumulated amortization
 
 
37.4
 
 
28.6
 
Net
 
$
144.5
 
 
83.3
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
Gross carrying amount
 
$
5.4
 
 
2.8
 
Less: accumulated amortization
 
 
1.4
 
 
0.9
 
Net
 
$
4.0
 
 
1.9
 
Intangible assets with indefinite lives:
 
 
 
 
 
 
 
Trade names
 
$
173.8
 
 
119.1
 
Schedule of Goodwill
The changes in the carrying amount of goodwill attributable to each business segment for 2017 and 2016 are as follows:
 
 
 
 
 
 
 
 
 
Technical
 
 
 
(Dollars in millions)
 
Filtration
 
Test
 
USG
 
Packaging
 
Total
 
Balance as of September 30, 2015
 
$
26.0
 
 
34.2
 
 
226.2
 
 
4.8
 
 
291.2
 
Acquisition activity
 
 
17.9
 
 
 
 
 
 
14.5
 
 
32.4
 
Foreign currency translation and other
 
 
 
 
(0.1)
 
 
 
 
0.1
 
 
 
Balance as of September 30, 2016
 
 
43.9
 
 
34.1
 
 
226.2
 
 
19.4
 
 
323.6
 
Acquisition activity
 
 
29.8
 
 
 
 
23.6
 
 
 
 
53.4
 
Foreign currency translation and other
 
 
 
 
 
 
0.4
 
 
0.5
 
 
0.9
 
Balance as of September 30, 2017
 
$
73.7
 
 
34.1
 
 
250.2
 
 
19.9
 
 
377.9