Acquisitions (Tables)

6 Months Ended

Mar. 31, 2015

Acquisitions

Schedule of activity of non-controlling interest

	(in thousands)
Balance as of September 30, 2014	$	13,252
Net income attributable to non-controlling interest	504
Dividends paid to non-controlling interest	(927		)
Balance as of March 31, 2015	$	12,829

Entegra

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	8,261
Current liabilities	(3,422		)
Property, plant and equipment	10,589
Intangible assets:
Customer relationships (15 year life)	20,600
Trade name (indefinite life)	6,600
Goodwill	28,156
Net assets acquired	70,784
Less redeemable non-controlling interest	(13,252		)
Net assets attributable to Headwaters	$	57,532

Gerard

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date

	(in thousands)
Current assets	$	9,236
Current liabilities	(1,691		)
Property, plant and equipment	8,314
Intangible assets:
Customer relationships (15 year life)	4,000
Trade name (indefinite life)	3,900
Goodwill	7,719
Long-term liabilities	(3,906		)
Net assets acquired	$	27,572