Goodwill and Intangibles, net

6 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles, including DAC and VOBA, net

mmary of the changes in the carrying amounts of Spectrum Brands’ goodwill and intangible assets are as follows:



			Intangible Assets
	Goodwill		Indefinite Lived		Definite Lived			Total
Balance at September 30, 2017	$	2,277.1	$	1,024.3	$	587.7		$	1,612.0
Periodic amortization	—		—		(29.4		)	(29.4		)
Effect of translation	3.1		4.7		2.2			6.9
Balance at March 31, 2018	$	2,280.2	$	1,029.0	$	560.5		$	1,589.5

Goodwill and indefinite lived tradename intangibles are not amortized.

Definite Lived Intangible Assets

The carrying value and accumulated amortization for intangible assets subject to amortization as of March 31, 2018 and September 30, 2017 are as follows:



	March 31, 2018							September 30, 2017
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Customer relationships	$	675.1	$	(243.1	)	$	432.0	$	671.7	$	(222.3	)	$	449.4
Technology assets	194.7		(68.7		)	126.0		194.6		(59.7		)	134.9
Tradenames	5.5		(3.0		)	2.5		18.5		(15.1		)	3.4
	$	875.3	$	(314.8	)	$	560.5	$	884.8	$	(297.1	)	$	587.7

The range and weighted average useful lives for definite-lived intangible assets are as follows:



Asset Type	Range	Weighted Average
Customer relationships	2 to 20 years	17.9 years
Technology assets	6 to 18 years	11.4 years
Tradenames	5 to 13 years	6.2 years

Certain tradename intangible assets have an indefinite life and are not amortized. The balance of tradenames not subject to amortization was $1,029.0 and $1,024.3 as of March 31, 2018 and September 30, 2017, respectively. During the three and six months ended March 31, 2018 and 2017, the Company did not recognize an impairment on indefinite-lived intangible assets.

Amortization expense for the three months ended March 31, 2018 and 2017 was $14.4 and $15.1, respectively, and $29.4 and $30.5 for the six months ended March 31, 2018, and 2017, respectively. Excluding the impact of any future acquisitions or change in foreign currency, the Company estimates annual amortization expense of amortizable intangible assets for the next five fiscal years will be as follows:



Fiscal Year	Estimated Amortization Expense
2018	$	57.5
2019	57.4
2020	55.0
2021	49.7
2022	48.0

- 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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