Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.19.3.a.u2
Goodwill and Other Intangible Assets
12 Months Ended
Sep. 30, 2019
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, 2019 and 2018 (in thousands):
Balance at September 30, 2017 $ 30,600   
Additions 2,319   
Balance at September 30, 2018 32,919   
Additions 5,627   
Balance at September 30, 2019 $ 38,546   
A summary of other intangible assets at September 30, 2019 and 2018 is as follows (in thousands):
September 30,
2019 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
1,645    (229)   1,416    1,100    (52)   1,048   
Acquired construction backlog
7-17 months
820    (820)   —    594    (157)   437   
Non-compete agreements
5 years
1,520    (1,502)   18    1,500    (1,250)   250   
Total intangible assets $ 5,985    $ (2,551)   $ 3,434    $ 5,194    $ (1,459)   $ 3,735   
Total amortization expense related to definite-lived intangible assets was $1.1 million and $0.5 million for the fiscal years ended September 30, 2019 and 2018, respectively.
Estimated future total amortization expense related to definite-lived intangible assets is as follows (in thousands):
Fiscal Year Estimated Amortization Expense
2020 $ 210   
2021 210   
2022 210   
2023 210   
2024 206   
Thereafter 388   
   Total $ 1,434