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Intangible Assets
6 Months Ended
Mar. 31, 2015
Intangible Assets  
Intangible Assets

 

6.Intangible Assets

 

The following table summarizes the gross carrying amounts and related accumulated amortization of intangible assets as of:

 

 

 

 

 

September 30, 2014

 

March 31, 2015

 

(in thousands of dollars)

 

Estimated
useful lives

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Trade names

 

Indefinite

 

$

15,300 

 

$

 

$

15,300 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

CCP contracts

 

15 - 20 years

 

112,300 

 

64,192 

 

112,300 

 

67,033 

 

Customer relationships

 

5 - 17 years

 

107,953 

 

50,355 

 

109,299 

 

54,188 

 

Trade names

 

5 - 20 years

 

67,220 

 

33,394 

 

67,220 

 

35,104 

 

Patents and patented technologies

 

5 - 19 years

 

14,526 

 

11,686 

 

14,526 

 

12,130 

 

Other

 

5 - 17 years

 

3,935 

 

1,744 

 

4,584 

 

1,962 

 

 

 

 

 

$

321,234 

 

$

161,371 

 

$

323,229 

 

$

170,417 

 

 

Total amortization expense related to intangible assets was approximately $5.5 million and $4.6 million for the March 2014 and 2015 quarters, respectively, and approximately $10.6 million and $9.0 million for the six months ended March 31, 2014 and 2015, respectively. The primary reason for the decrease in amortization expense from 2014 to 2015 is that certain assets have been fully amortized.

 

Total estimated annual amortization expense for 2015 through 2020 is shown in the following table:

 

Year ending September 30:

 

(in thousands)

 

2015

 

$

18,166 

 

2016

 

17,957 

 

2017

 

17,079 

 

2018

 

17,030 

 

2019

 

16,001 

 

2020

 

11,762