GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

6.	GOODWILL AND OTHER INTANGIBLE ASSETS

Included on the Company’s Consolidated Balance Sheets at March 31, 2018 and September 30, 2017 are the following intangible assets gross carrying amounts and accumulated amortization:

(Dollars in thousands)	March 31, 2018		September 30, 2017
Goodwill	$	382,141		377,879

Intangible assets with determinable lives:
Patents
Gross carrying amount	$	972		928
Less: accumulated amortization		764		750
Net	$	208		178

Capitalized software
Gross carrying amount	$	66,349		63,007
Less: accumulated amortization		37,910		34,382
Net	$	28,439		28,625

Customer relationships
Gross carrying amount	$	186,002		181,891
Less: accumulated amortization		42,490		37,364
Net	$	143,512		144,527

Other
Gross carrying amount	$	5,276		5,373
Less: accumulated amortization		1,725		1,383
Net	$	3,551		3,990
Intangible assets with indefinite lives:
Trade names	$	173,921		173,813

The changes in the carrying amount of goodwill attributable to each business segment for the six months ended March 31, 2018 is as follows:

(Dollars in millions)	USG		Test		Filtration		Packaging		Total
Balance as of September 30, 2017		250.2		34.1		73.7		19.9		377.9
Acquisition activity		3.7		-		-		-		3.7
Foreign currency translation		(0.2)		-		-		0.7		0.5
Balance as of March 31, 2018	$	253.7		34.1		73.7		20.6		382.1

- 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.

+ References + Details