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Goodwill and Intangibles

3 Months Ended

Jun. 30, 2012

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		12,415
	Foreign currency adjustments		(7)
Goodwill as of June 30, 2012		$	61,449

Balances of intangibles are as follows:


		June 30,		September 30,
	Useful Lives	2012		2011
Amortizing:
Customer relationships	9-20 years	$	30,491	$	24,981
Covenants not to compete	1-5 years		897		808
Technology	11 years		5,830		-
Other	2-7 years		1,050		455
			38,268		26,244
Accumulated amortization			(7,064)		(5,109)
			31,204		21,135
Non-Amortizing:
Trade names and patents			7,628		3,759
		$	38,832	$	24,894

Amortization expense was $728 and $459 for the three months ended June 30, 2012 and 2011, respectively. Amortization expense was $2,163 and $1,276 for the nine months ended June 30, 2012 and 2011, respectively. Estimated future annual amortization expense related to intangible assets as of June 30, 2012 is as follows:


	Amount
Remainder of 2012	$	702
2013		2,723
2014		2,537
2015		2,261
2016		2,163
Thereafter		20,818
	$	31,204

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.

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