Construction Partners, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The following presents goodwill activity during the fiscal years ended September 30, 2018 and September 30, 2017 (in thousands):



Balance at September 30, 2016	$	29,957
Additions	643
Balance at September 30, 2017	30,600
Additions	2,319
Balance at September 30, 2018	$	32,919

A summary of other intangible assets at September 30, 2018 and September 30, 2017 is as follows (in thousands):



		September 30,
		2017							2018
	Useful Life	Gross		Accumulated Amortization			Net Book Value		Gross		Accumulated Amortization			Net Book Value
Indefinite-lived:
License	Indefinite	$	2,000	$	—		$	2,000	$	2,000	$	—		$	2,000
Definite-lived:
Customer relationship	8 years	—		—			—		1,100		(52		)	1,048
Acquired construction backlog	17 months	—		—			—		594		(157		)	437
Non-compete agreements	5 years	1,500		(950		)	550		1,500		(1,250		)	250
Total intangible assets		$	3,500	$	(950	)	$	2,550	$	5,194	$	(1,459	)	$	3,735

Total amortization expense related to definite-lived intangible assets was $0.5 million and $0.3 million for the fiscal years ended September 30, 2018 and September 30, 2017, respectively.

Estimated future total amortization expense related to definite-lived intangible assets is as follows (in thousands):



Fiscal Year	Estimated Amortization Expense
2019	$	825
2020	138
2021	138
2022	138
2023	138
Thereafter	358
Total	$	1,735