v3.22.4
Goodwill and Other Intangible Assets, Net
3 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net
10.
Goodwill and Other Intangible Assets, Net
Goodwill is not amortized but is subject to an annual impairment test. Goodwill has been assigned to reporting units within the reportable segments. The Company assesses the carrying value of goodwill annually, or more often if events or changes in circumstances indicate there may be impairment. Impairment testing is performed at a reporting unit level. During the three months ended December 31, 2022, goodwill increased $4,265, comprised of: (i) a $20 increase in Diagnostics segment goodwill; and (ii) a $4,245 increase in Life Science segment goodwill. This overall net increase in goodwill reflects $3,500 of goodwill acquired in the Estel acquisition (see Note 6), along with the effects of foreign currency translation. During the three months ended December 31, 2022, the Company did not observe any triggering events or substantive changes in circumstances requiring the need for an interim impairment assessment
.
A summary of other intangible assets, net, subject to amortization is as follows:
 
    
December 31, 2022
    
September 30, 2022
 
    
Gross
Carrying
Value
    
Accumulated
Amortization
    
Gross
Carrying
Value
    
Accumulated
Amortization
 
Manufacturing technologies, core products and cell lines
   $ 56,380      $ 21,366      $ 56,289      $ 20,321  
Trade names, licenses and patents
     18,363        10,906        18,257        10,491  
Customer lists, customer relationships and supply agreements
     52,829        23,779        52,703        22,363  
Non-compete
agreements
     110        59        110        53  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 127,682      $ 56,110      $ 127,359      $ 53,228  
    
 
 
    
 
 
    
 
 
    
 
 
 
The aggregate amortization expense for these other intangible assets was $2,541 and $2,483 for the three months ended December 31, 2022 and 2021, respectively. The estimated aggregate amortization expense for these other intangible assets for each of the fiscal years through fiscal 2028 is as follows: remainder of fiscal 2023 – $7,425, fiscal 2024
$9,900, fiscal 2025
$9,890, fiscal 2026
$8,900, fiscal 2027
$6,645, and fiscal 2028 – $6,645.