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Intangible Assets
12 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

9.  Intangible Assets

Intangible assets consist of the following (in thousands):

 

 

 

 

 

September 30,

2019

 

 

September 30,

2018

 

 

 

Useful

Life

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer lists

 

6-10 years

 

$

1,219

 

 

$

(948

)

 

$

271

 

 

$

1,219

 

 

$

(745

)

 

$

474

 

Trade names

 

10-15 Years

 

 

869

 

 

 

(270

)

 

 

599

 

 

 

869

 

 

 

(213

)

 

 

656

 

 

 

 

 

$

2,088

 

 

$

(1,218

)

 

$

870

 

 

$

2,088

 

 

$

(958

)

 

$

1,130

 

 

In 2018, we conducted our periodic assessment of long-lived assets and identified the need for an intangible asset impairment charge in our Solar segment of $1.3 million due primarily to the decline in our expected performance of that segment.  All remaining intangible assets are included in our Semiconductor segment.  During 2019, we periodically assessed whether any indicators of impairment existed related to our intangible assets.  As of each interim period end during the year, we concluded that a triggering event had not occurred that would more likely than not reduce the fair value of intangible assets below their carrying value.

Amortization expense related to intangible assets at our continuing operations was $0.3 million, $(20,000) and $0.6 million in 2019, 2018 and 2017, respectively.  The credit in 2018 was due to a one-time correction of previously recorded amortization expense.  Future amortization expense for the remaining unamortized balance as of September 30, 2019, is estimated as follows:

 

Years Ending September 30,

 

Amortization

Expense

 

2020

 

$

261

 

2021

 

 

126

 

2022

 

 

58

 

2023

 

 

58

 

2024

 

 

58

 

Thereafter

 

 

309

 

Total

 

$

870