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Intangible Assets
3 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. Intangible Assets

Intangible assets consist principally of acquired patents and technology, customer lists and relationships, licenses and trademarks. The Company recorded amortization expense of $0.7 million for both the three months ended December 31, 2019 and 2018. 

Intangible assets consisted of the following:

 

 

 

December 31, 2019

 

(Dollars in thousands)

 

Weighted Average Original Life (Years)

 

 

Gross

Carrying

Amount

 

 

Accumulated Amortization

 

 

Net

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

 

8.9

 

 

$

17,684

 

 

$

(11,177

)

 

$

6,507

 

Developed technology

 

 

11.5

 

 

$

9,562

 

 

$

(3,453

)

 

$

6,109

 

Non-compete

 

 

5.0

 

 

$

230

 

 

$

(207

)

 

$

23

 

Patents and other

 

 

16.5

 

 

$

2,321

 

 

$

(1,755

)

 

$

566

 

Subtotal

 

 

 

 

 

 

29,797

 

 

 

(16,592

)

 

 

13,205

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total

 

 

 

 

 

$

30,377

 

 

$

(16,592

)

 

$

13,785

 

 

 

 

September 30, 2019

 

(Dollars in thousands)

 

Weighted Average Original Life (Years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

 

8.9

 

 

$

17,374

 

 

$

(10,661

)

 

$

6,713

 

Developed technology

 

 

11.5

 

 

 

9,490

 

 

 

(3,196

)

 

 

6,294

 

Non-compete

 

 

5.0

 

 

 

230

 

 

 

(196

)

 

 

34

 

Patents and other

 

 

16.5

 

 

 

2,321

 

 

 

(1,716

)

 

 

605

 

Subtotal

 

 

 

 

 

 

29,415

 

 

 

(15,769

)

 

 

13,646

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total

 

 

 

 

 

$

29,995

 

 

$

(15,769

)

 

$

14,226

 

 

Based on the intangible assets in service as of December 31, 2019, estimated amortization expense for the remainder of fiscal 2020 and each of the next five fiscal years is as follows (in thousands):

 

Remainder of 2020

 

$

1,799

 

2021

 

 

2,319

 

2022

 

 

2,279

 

2023

 

 

1,668

 

2024

 

 

1,610

 

2025

 

 

1,553

 

 

Future amortization amounts presented above are estimates. Actual future amortization expense may be different as a result of future acquisitions, impairments, changes in amortization periods, foreign currency translation rates, or other factors.