XML 26 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets
9 Months Ended
Jun. 30, 2020
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. Intangible asset amortization expense was $0.6 million and $0.7 million for the three months ended June 30, 2020 and 2019, respectively, and $1.8 million and $2.0 million for the nine months ended June 30, 2020 and 2019, respectively.

Intangible assets consisted of the following:

 

 

 

June 30, 2020

 

(Dollars in thousands)

 

Weighted Average Original Life (Years)

 

 

Gross

Carrying

Amount

 

 

Accumulated Amortization

 

 

Net

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

 

8.9

 

 

$

17,698

 

 

$

(11,847

)

 

$

5,851

 

Developed technology

 

 

11.5

 

 

 

9,565

 

 

 

(3,904

)

 

 

5,661

 

Non-compete

 

 

5.0

 

 

 

230

 

 

 

(230

)

 

 

 

Patents and other

 

 

16.5

 

 

 

2,321

 

 

 

(1,828

)

 

 

493

 

Total definite-lived intangible assets

 

 

 

 

 

 

29,814

 

 

 

(17,809

)

 

 

12,005

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total intangible assets

 

 

 

 

 

$

30,394

 

 

$

(17,809

)

 

$

12,585

 

 

 

 

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

 

Total definite-lived intangible assets

 

 

 

 

 

 

29,415

 

 

 

(15,769

)

 

 

13,646

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total intangible assets

 

 

 

 

 

$

29,995

 

 

$

(15,769

)

 

$

14,226

 

 

Based on the intangible assets in service as of June 30, 2020, 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

 

$

591

 

2021

 

 

2,321

 

2022

 

 

2,281

 

2023

 

 

1,701

 

2024

 

 

1,612

 

2025

 

 

1,575

 

 

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.