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Intangible Assets (Notes)
 12 Months Ended
Sep. 30, 2016
Intangible Assets [Abstract]  
Intangible Assets Disclosure [Text Block]
Intangible Assets
The gross and net carrying values of intangible assets as of the balance sheet dates, by major intangible asset class are as follows:
 
September 30, 2016
 
September 30, 2015
(in millions)
Gross Amount
 
Accumulated
Amortization
 
Net Amount
 
Gross Amount
 
Accumulated
Amortization
 
Net Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
Trade name
$
1.1

 
$
(0.6
)
 
$
0.5

 
$
—

 
$
—

 
$
—

Software programs/platforms
2.7

 
(2.4
)
 
0.3

 
2.7

 
(2.3
)
 
0.4

Customer base
14.0

 
(5.7
)
 
8.3

 
14.0

 
(4.9
)
 
9.1

 
17.8

 
(8.7
)
 
9.1

 
16.7

 
(7.2
)
 
9.5

Intangible assets not subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
Trade name
—

 
—

 
—

 
1.1

 
—

 
1.1

Total intangible assets
$
17.8

 
$
(8.7
)
 
$
9.1

 
$
17.8

 
$
(7.2
)
 
$
10.6


During the year ended September 30, 2016, as part of the periodic assessment of useful lives of the intangible assets, the
Company determined the indefinite-lived trade names, related to the Risk Management Incorporated and RMI Consulting, Inc.
(the “RMI Companies”) acquisitions, were no longer considered to be indefinite. The Company is intending to phase out the
use of those trade names in the future. The value of the RMI Companies’ trade names of $1.1 million was recorded in the
Commercial Hedging segment.
The RMI Companies’ trade names were determined to have a remaining finite useful life of approximately two years. The trade
names were not deemed to be impaired, however, the value of the trade names was transferred from the indefinite-lived
category to intangible assets subject to amortization over the estimated two year useful life. The Company recorded amortization for the trade names of $0.6 million, within ‘depreciation and amortization’ on the consolidated income statements, during the year ended September 30, 2016.
Amortization expense related to intangible assets was $1.6 million, $1.5 million, and $1.6 million for the fiscal years ended September 30, 2016, 2015, and 2014, respectively.
The estimated future amortization expense as of September 30, 2016 is as follows (in millions):
Year ending September 30,
 
2017
$
1.6

2018
1.0

2019
1.0

2020
0.8

2021 and thereafter
4.7

 
$
9.1