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Goodwill and Other Intangible Assets
9 Months Ended
Jun. 30, 2011
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets
Note H — Goodwill and Other Intangible Assets
     The Company records as goodwill the excess of purchase price over the fair value of the identifiable net assets acquired. Goodwill and intangibles with indefinite useful lives are not amortized but the Company is required to perform, at a minimum, an annual assessment of the carrying value of goodwill and other intangibles with indefinite useful lives. If the carrying value of goodwill or an intangible asset exceeds its fair value, an impairment loss will be recognized. The Company has $4,271,000 of goodwill carrying value as of June 30, 2011 resulting from our acquisition in the UK of Rochester Medical Ltd in 2006 and $6,158,000 of goodwill carrying value resulting from our acquisition in the Netherlands of Laprolan B.V. in 2011. The Company tests annually for impairment of goodwill, which is currently on June 2nd of each fiscal year for the goodwill associated with the Company’s 2006 UK acquisition and for the goodwill related to the 2011 Netherlands acquisition, or more frequently if events and circumstances indicate that the asset might be impaired. The recoverability of other long-lived assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge would be recognized by the amount that the carrying amount of the asset exceeds the fair value of the asset. The Company performed its most recent annual goodwill impairment testing on June 2, 2011, and concluded that goodwill was not impaired. The increase in value of goodwill as of June 30, 2011 is entirely related to the goodwill recorded during the purchase of Laprolan, offset by a decrease due to a change in foreign currency exchange rates in the United Kingdom and a final purchase price adjustment per the Mentor/Coloplast purchase agreement.