Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.10.0.1
Goodwill and Other Intangible Assets
12 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
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