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Intangible Assets
12 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

 

9.  Intangible Assets

 

Intangible assets consist of the following (in thousands):

 

 

 

 

 

September 30,

2020

 

 

September 30,

2019

 

 

 

Useful

Life

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer lists

 

6 years

 

$

1,219

 

 

$

(1,151

)

 

$

68

 

 

$

1,219

 

 

$

(948

)

 

$

271

 

Trade names

 

15 years

 

 

869

 

 

 

(328

)

 

 

541

 

 

 

869

 

 

 

(270

)

 

 

599

 

 

 

 

 

$

2,088

 

 

$

(1,479

)

 

$

609

 

 

$

2,088

 

 

$

(1,218

)

 

$

870

 

 

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 2020, 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, $0.3 million and $(20,000) in 2020, 2019 and 2018, 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, 2020, is estimated as follows:

 

Years Ending September 30,

 

Amortization

Expense

 

2021

 

$

126

 

2022

 

 

58

 

2023

 

 

58

 

2024

 

 

58

 

2025

 

 

58

 

Thereafter

 

 

251

 

Total

 

$

609