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Goodwill and Other Intangible Assets
3 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
 
The following is a summary of the changes in the carrying value of goodwill, by reportable segment, for the three months ended December 31, 2018:
(in thousands)
 
Pharmaceutical
Distribution
Services
 
Other
 
Total
Goodwill as of September 30, 2018
 
$
4,852,775

 
$
1,811,497

 
$
6,664,272

Goodwill recognized in connection with acquisitions
 

 
35,871

 
35,871

Purchase price accounting adjustments
 
(512
)
 

 
(512
)
Foreign currency translation
 

 
(2,084
)
 
(2,084
)
Goodwill as of December 31, 2018
 
$
4,852,263

 
$
1,845,284

 
$
6,697,547



The following is a summary of other intangible assets:
 
 
December 31, 2018
 
September 30, 2018
(in thousands)
 
Weighted Average Remaining Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Indefinite-lived trade names
 
 
 
$
685,260

 
$

 
$
685,260

 
$
685,380

 
$

 
$
685,380

Finite-lived:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Customer relationships
 
14 years
 
2,550,198

 
(592,800
)
 
1,957,398

 
2,549,245

 
(555,440
)
 
1,993,805

   Trade names and other
 
12 years
 
418,568

 
(136,528
)
 
282,040

 
397,946

 
(129,303
)
 
268,643

Total other intangible assets
 
 
 
$
3,654,026

 
$
(729,328
)
 
$
2,924,698

 
$
3,632,571

 
$
(684,743
)
 
$
2,947,828


 
Amortization expense for finite-lived intangible assets was $47.1 million and $40.2 million in the three months ended December 31, 2018 and 2017, respectively. Amortization expense for finite-lived intangible assets is estimated to be $185.8 million in fiscal 2019, $178.7 million in fiscal 2020, $174.8 million in fiscal 2021, $173.2 million in fiscal 2022, $172.2 million in fiscal 2023, and $1,402.0 million thereafter.
As a result of the continued suspension of production activities at PharMEDium Healthcare Holdings, Inc.'s ("PharMEDium") largest compounding facility located in Memphis, Tennessee (see Note 13), the Company updated its recoverability assessment of PharMEDium's long-lived assets as of December 31, 2018. The recoverability assessment was based upon comparing its undiscounted cash flows to the carrying value of the PharMEDium asset group, excluding goodwill. The carrying value of the asset group was $849 million as of December 31, 2018. The Company concluded that PharMEDium's long-lived assets are recoverable as of December 31, 2018; however, the forecasted undiscounted cash flows used to perform the recoverability assessment are inherently uncertain and include assumptions, such as the timing of resumed production activities and profitability, that could differ from actual results in future periods.