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

10.  Goodwill

The changes in the carrying amount of goodwill for the year ended September 30, 2019 are as follows (in thousands):

 

 

 

Semiconductor

 

 

SiC/LED

 

 

Automation

 

 

Net

Goodwill -

Continuing

Operations

 

 

Discontinued

Operations

 

 

Net

Goodwill

 

Goodwill

 

$

5,905

 

 

$

728

 

 

$

3,595

 

 

$

10,228

 

 

$

3,367

 

 

$

13,595

 

Accumulated impairment losses

 

 

 

 

 

 

 

 

(3,595

)

 

 

(3,595

)

 

 

(3,367

)

 

 

(6,962

)

Balance at September 30, 2018

 

 

5,905

 

 

 

728

 

 

 

 

 

 

6,633

 

 

 

 

 

 

6,633

 

Impairment of goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net exchange differences

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2019

 

$

5,905

 

 

$

728

 

 

$

 

 

$

6,633

 

 

$

 

 

$

6,633

 

Goodwill

 

$

5,905

 

 

$

728

 

 

$

3,595

 

 

$

10,228

 

 

$

3,367

 

 

$

13,595

 

Accumulated impairment losses

 

 

 

 

 

 

 

 

(3,595

)

 

 

(3,595

)

 

 

(3,367

)

 

 

(6,962

)

Balance at September 30, 2019

 

$

5,905

 

 

$

728

 

 

$

 

 

$

6,633

 

 

$

 

 

$

6,633

 

 

During 2019, we periodically assessed whether any indicators of impairment existed which would require us to perform an interim impairment review.  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 our reporting units below their carrying values.  We performed our annual test of goodwill for impairment during the fourth quarter of 2019.  The results of the first step of the goodwill impairment test indicated that the fair value of our Semiconductor reporting unit was in excess of its carrying value, and, thus, we did not require an impairment charge.  While the quantitative analysis indicated no impairment of Semiconductor segment goodwill existed as of September 30, 2019, if the future performance of this reporting unit falls short of our expectations or if there are significant changes in operations due to changes in market conditions, we could be required to recognize material impairment charges in future periods.  We performed a qualitative analysis of our SiC/LED segment, which indicted no impairment of SiC/LED segment goodwill existed as of September 30, 2019.

In 2018, we identified the need for a goodwill impairment charge in our former Solar segment of $5.7 million, due primarily to the decline in our expected performance of that segment.  In 2019, we realigned our segments (see Note 18).