Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.5.0.2
Goodwill and Other Intangible Assets
 9 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

A summary of the carrying amount of goodwill attributable to each segment as well as the changes in such amounts are as follows:
 
SGK Brand
Solutions
 
Memorialization
 
Industrial Technologies
 
Consolidated
 
 
 
 
 
 
 
 
Goodwill
$
466,647

 
$
346,946

 
$
52,887

 
$
866,480

Accumulated impairment losses
(5,752
)
 
(5,000
)
 
—

 
(10,752
)
Balance at September 30, 2015
460,895

 
341,946

 
52,887

 
855,728

 
 
 
 
 
 
 
 
Additions during period
—

 
—

 
3,958

 
3,958

Translation and other adjustments
(4,084
)
 
(977
)
 
(216
)
 
(5,277
)
Goodwill
462,563

 
345,969

 
56,629

 
865,161

Accumulated impairment losses
(5,752
)
 
(5,000
)
 
—

 
(10,752
)
Balance at June 30, 2016
$
456,811

 
$
340,969

 
$
56,629

 
$
854,409




Note 13.   Goodwill and Other Intangible Assets (continued)
The Company performed its annual impairment review in the second quarter of fiscal 2016 and determined that estimated fair value for all reporting units exceeded carrying value, therefore no adjustments to the carrying value of goodwill were necessary.
The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of June 30, 2016 and September 30, 2015, respectively.
 
Carrying
Amount
 
Accumulated
Amortization
 
Net
June 30, 2016:
 
 
 
 
 
Trade names
$
168,467

 
$
—

*
$
168,467

Trade names
1,803

 
(1,773
)
 
30

Customer relationships
287,276

 
(56,705
)
 
230,571

Copyrights/patents/other
11,123

 
(10,488
)
 
635

 
$
468,669

 
$
(68,966
)
 
$
399,703

 
 
 
 
 
 
September 30, 2015:
 

 
 

 
 

Trade names
$
168,467

 
$
—

*
$
168,467

Trade names
1,815

 
(1,718
)
 
97

Customer relationships
296,689

 
(51,393
)
 
245,296

Copyrights/patents/other
11,389

 
(10,249
)
 
1,140

 
$
478,360

 
$
(63,360
)
 
$
415,000

* Not subject to amortization
 
 

 
 



The net change in intangible assets during the nine months ended June 30, 2016 included the impact of foreign currency fluctuations during the period, additional amortization, and additions related to the DDI acquisition.

Amortization expense on intangible assets was $5,235 and $4,651 for the three-month periods ended June 30, 2016 and 2015, respectively.  For the nine-month periods ended June 30, 2016 and 2015, amortization expense was $15,641 and $13,872, respectively. Amortization expense is estimated to be $5,232 for the remainder of 2016, $20,494 in 2017, $19,189 in 2018, $18,146 in 2019 and $17,020 in 2020.