Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the years ended September 30, 2015 and 2016 were as follows:



	Goodwill		Accumulated Impairment			Net
Balance as of October 1, 2014	$	64,016	$	(40,394	)	$	23,622
Goodwill attributable to fiscal 2015 acquisitions	762		—			762
Balance as of September 30, 2015	64,778		(40,394		)	24,384
Goodwill attributable to fiscal 2016 acquisitions	6,541		—			6,541
Balance as of September 30, 2016	$	71,319	$	(40,394	)	$	30,925

The carrying amounts of intangible assets at September 30, 2016 and 2015 were as follows:



	September 30, 2016							September 30, 2015							Weighted- Average Amortization Period (Years)
	Gross Carrying Amount(1)		Accumulated Amortization(1)			Net Carrying Amount		Gross Carrying Amount(1)		Accumulated Amortization(1)			Net Carrying Amount		Weighted- Average Amortization Period (Years)
Intangible assets subject to amortization:
Trademarks/trade names/licenses	$	13,904	$	(3,137	)	$	10,767	$	12,470	$	(1,966	)	$	10,504	11
Customer relationships/non-compete agreements	23,867		(12,357		)	11,510		16,836		(9,773		)	7,063		7
Developed software and technology	772		(772		)	—		772		(772		)	—		5
	38,543		(16,266		)	22,277		30,078		(12,511		)	17,567
Intangible assets not subject to amortization:
Licenses	—		—			—		38		—			38
	$	38,543	$	(16,266	)	$	22,277	$	30,116	$	(12,511	)	$	17,605

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(1)	Amounts include the impact of foreign currency translation adjustments.

Aggregate amortization expense related to intangible assets subject to amortization totaled $3,927, $2,869 and $2,667 for the years ended September 30, 2016, 2015 and 2014, respectively.

Estimated amortization expense related to intangible assets subject to amortization is as follows:



Year Ending September 30,	Estimated Amortization Expense
2017	$	3,598
2018	3,406
2019	2,979
2020	2,890
2021	2,472
Thereafter	6,932
	$	22,277

In September 2015, the Company made a decision to expand its brand consolidation plan in an effort to simplify its brand offerings and facilitate the customer ordering process. Based on this decision, the Company no longer expects that the economic benefit of any of its indefinite-lived tradenames extends beyond the foreseeable future. As a result, as of September 30, 2015, the Company determined these tradenames with an aggregate carrying value of $8,727 should be assigned finite useful lives. In accordance with ASC 350, "Intangibles—Goodwill and Other," these tradenames were first tested for impairment as indefinite-lived intangible assets resulting in non-cash intangible asset impairment charges of $1,810 ($1,112 after tax, or $0.12 per diluted share). The remaining $6,917 was reclassified to amortizable intangible assets as of September 30, 2015 with a weighted-average amortization period of 10 years.

In performing its annual impairment testing as of September 30, 2014, the Company determined that there had been an increase in the probability that certain of its indefinite-lived tradenames could be consolidated with other existing tradenames in the future. As a result, the Company determined these tradenames with an aggregate carrying value of $1,093 should be assigned finite useful lives. In accordance with ASC 350, these tradenames were first tested for impairment as indefinite-lived intangible assets resulting in a non-cash intangible asset impairment charge of $267 ($168 after tax, or $0.02 per diluted share). The remaining $826 was reclassified to amortizable intangible assets as of September 30, 2014 with a weighted-average amortization period of 15 years.

General and economic conditions may impact retail and consumer demand, as well as the market price of the Company's common stock, and could negatively impact the Company's future operating performance, cash flow and/or stock price and could result in additional goodwill and/or intangible asset impairment charges being recorded in future periods. Also, the Company periodically reviews its brands to achieve marketing, sales and operational synergies. These reviews could result in additional brands being consolidated or discontinued and could result in additional intangible asset impairment charges being recorded in future periods. Additional goodwill and/or intangible asset impairment charges could materially impact the Company's consolidated financial statements. The valuation of goodwill and intangible assets is subject to a high degree of judgment, uncertainty and complexity.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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