Goodwill and Other Intangible Assets

3 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill for three month period ended December 31, 2013 and the year ended September 30, 2013 are presented in the table below:



	December 31, 2013			September 30, 2013
Beginning balance	$	40,408		$	40,561
Currency translation adjustment	(99		)	(153		)
Ending balance	$	40,309		$	40,408

Other Intangible Assets

The following table presents the gross carrying amount and accumulated amortization of other intangible assets at December 31, 2013:



	Gross carrying amount		Weighted average amortization period	Accumulated Amortization			Currency Translation Adjustment			Net Book Value
Customer relationships	$	25,800	20 years	$	(5,028	)	$	(34	)	$	20,738
Trademarks	12,280		Indefinite	(80		)	(54		)	12,146
Total	$	38,080		$	(5,108	)	$	(88	)	$	32,884

The following table presents the gross carrying amount and accumulated amortization of other intangible assets at September 30, 2013:



	Gross carrying amount		Weighted average amortization period	Accumulated Amortization			Currency Translation Adjustment		Net Book Value
Customer relationships	$	25,800	20 years	$	(4,706	)	$	73	$	21,167
Trademarks	12,280		Indefinite	(80		)	36		12,236
Total	$	38,080		$	(4,786	)	$	109	$	33,403

Customer relationships are amortized over 20 years. The accumulated amortization related to the Trademarks is related to the subsequent amortization of the PVC trademarks. The Pretium trademark is not amortized and has an indefinite useful life.

Amortization expense was $0.3 million during each of the three month periods ended December 31, 2013 and 2012.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

PRETIUM PACKAGING L L C 10-Q