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Goodwill and Other Intangible Assets
 12 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
3.
Goodwill and Other Intangible Assets
 
Included on the Company’s Consolidated Balance Sheets at September 30, 2018 and 2017 are the following intangible assets gross carrying amounts and accumulated amortization:
 
(Dollars in millions)
 
2018
 
 
2017
 
Goodwill
 
$
381.7
 
 
 
377.9
 
 
 
 
 
 
 
 
 
 
Intangible assets with determinable lives:
 
 
 
 
 
 
 
 
Patents
 
 
 
 
 
 
 
 
Gross carrying amount
 
$
1.8
 
 
 
1.0
 
Less: accumulated amortization
 
 
0.8
 
 
 
0.8
 
Net
 
$
1.0
 
 
 
0.2
 
 
 
 
 
 
 
 
 
 
Capitalized software
 
 
 
 
 
 
 
 
Gross carrying amount
 
$
71.3
 
 
 
63.0
 
Less: accumulated amortization
 
 
41.6
 
 
 
34.4
 
Net
 
$
29.7
 
 
 
28.6
 
 
 
 
 
 
 
 
 
 
Customer Relationships
 
 
 
 
 
 
 
 
Gross carrying amount
 
$
185.3
 
 
 
181.9
 
Less: accumulated amortization
 
 
47.8
 
 
 
37.4
 
Net
 
$
137.5
 
 
 
144.5
 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
Gross carrying amount
 
$
5.5
 
 
 
5.4
 
Less: accumulated amortization
 
 
2.0
 
 
 
1.4
 
Net
 
$
3.5
 
 
 
4.0
 
Intangible assets with indefinite lives:
 
 
 
 
 
 
 
 
Trade names
 
$
173.7
 
 
 
173.8
 
 
The Company performed its annual evaluation of goodwill and intangible assets for impairment during the fourth quarter of 2018 and concluded no impairment existed at September 30, 2018 and there are no accumulated impairment losses as of September 30, 2018.
 
The changes in the carrying amount of goodwill attributable to each business segment for 2018 and 2017 are as follows:
 
(Dollars in millions)
 
Filtration
 
 
Test
 
 
USG
 
 
Technical Packaging
 
 
Total
 
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
 
Acquisition activity
 
 
–
 
 
 
–
 
 
 
3.9
 
 
 
–
 
 
 
3.9
 
Foreign currency translation and other
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(0.1
)
 
 
(0.1
)
Balance as of September 30, 2018
 
$
73.7
 
 
 
34.1
 
 
 
254.1
 
 
 
19.8
 
 
 
381.7
 
 
Amortization expense related to intangible assets with determinable lives was $18.3 million, $16.3 million and $11.6 million in 2018, 2017 and 2016, respectively. Patents are amortized over the life of the patents, generally 17 years. Capitalized software is amortized over the estimated useful life of the software, generally three to seven years. Customer relationships are generally amortized over fifteen to twenty years. Intangible asset amortization for fiscal years 2019 through 2023 is estimated at approximately $19 million per year.