XML 48 R11.htm IDEA: XBRL DOCUMENT

Goodwill and Intangibles

3 Months Ended

Dec. 31, 2011

Goodwill And Intangible Assets Disclosure [Text Block]

The changes in the carrying value of goodwill are as follows:


Goodwill as of September 30, 2011		$	49,041
	Acquisition activity		5,856
	Foreign currency adjustments		(105)
Goodwill as of December 31, 2011		$	54,792

Balances of intangibles are as follows:


		December 31,		September 30,
	Useful Lives	2011		2011
Amortizing:
Customer relationships	9-20 years	$	26,978	$	24,981
Covenants not to compete	1-5 years		1,096		808
Technology	11 years		11,930		-
Other	2-7 years		1,056		455
			41,060		26,244
Accumulated amortization			(5,827)		(5,109)
			35,233		21,135
Non-Amortizing:
Trade names and patents			10,003		3,759
		$	45,236	$	24,894

Amortization expense was $738 and $407 for the three months ended December 31, 2011 and 2010, respectively. Estimated future annual amortization expense related to intangible assets as of December 31, 2011 is as follows:


	Amount
Remainder of 2012	$	2,226
2013		3,018
2014		2,845
2015		2,569
2016		2,472
Thereafter		22,103
	$	35,233

The above projection of amortization expense includes preliminary estimates of intangible assets and lives associated with the acquisition of Micro. These amounts may be adjusted during the allocation period as defined in ASC 805.

- 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.

+ References+ Details