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Intangible Assets

12 Months Ended

Sep. 30, 2012

5. Intangible Assets

Intangible assets were as follows:

		September 30, 2012						September 30, 2011

	Estimated Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Trademarks	8 to 15	$	6,168,758	$	2,736,004	$	3,432,754	$	5,958,480	$	2,187,663	$	3,770,817
Supply agreement	5 to 6.5		762,579		634,050		128,529		767,870		628,357		139,513
Customer relationships	15 to 20		6,888,864		1,258,420		5,630,444		7,017,938		866,613		6,151,325

Totals		$	13,820,201	$	4,628,474	$	9,191,727	$	13,744,288	$	3,682,633	$	10,061,655

Amortization expense related to these assets was as follows:


Year ended September 30, 2012	$	945,841
Year ended September 30, 2011		934,890
Year ended September 30, 2010		633,335

Estimated annual amortization expense for these assets over the next five years is as follows:


2013	$	899,000
2014		868,000
2015		805,000
2016		805,000
2017		800,000

- 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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