COMPASS MINERALS INTERNATIONAL INC Goodwill & Intangibles Disclosure
Salt | Plant Nutrition | Corporate & Other | Consolidated | |||||||||||||||||||||||
Balance as of September 30, 2023(a) | $ | — | $ | 51.1 | $ | 37.7 | $ | 88.8 | ||||||||||||||||||
Foreign currency translation adjustment | — | (0.1) | 0.3 | 0.2 | ||||||||||||||||||||||
Impairments | — | (51.0) | (32.0) | (83.0) | ||||||||||||||||||||||
Balance as of September 30, 2024 | — | — | 6.0 | 6.0 | ||||||||||||||||||||||
| Foreign currency translation adjustment | — | — | — | — | ||||||||||||||||||||||
Balance as of September 30, 2025(b) | $ | — | $ | — | $ | 6.0 | $ | 6.0 | ||||||||||||||||||
| September 30, 2025 | September 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||
Weighted Average Lives | Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||||||||||||||||||||||
Amortizable Intangible Assets: | ||||||||||||||||||||||||||||||||||||||||||||
Customer relationships | 10 years | $ | 1.2 | $ | (0.3) | $ | 0.9 | $ | 58.5 | $ | (3.4) | $ | 55.1 | |||||||||||||||||||||||||||||||
Trade Name | — | — | — | 0.2 | (0.1) | 0.1 | ||||||||||||||||||||||||||||||||||||||
Supply Agreement | 50 years | 26.1 | (7.7) | 18.4 | 26.8 | (7.4) | 19.4 | |||||||||||||||||||||||||||||||||||||
SOP Production Rights | 25 years | 24.3 | (21.2) | 3.1 | 24.3 | (20.2) | 4.1 | |||||||||||||||||||||||||||||||||||||
Lease Rights | 25 years | 1.6 | (0.9) | 0.7 | 1.7 | (0.8) | 0.9 | |||||||||||||||||||||||||||||||||||||
Total, amortizable | $ | 53.2 | $ | (30.1) | $ | 23.1 | $ | 111.5 | $ | (31.9) | $ | 79.6 | ||||||||||||||||||||||||||||||||
Non-amortizing Intangible Assets: | ||||||||||||||||||||||||||||||||||||||||||||
Trade Name | $ | 0.5 | $ | 0.5 | ||||||||||||||||||||||||||||||||||||||||
Water Rights | 0.2 | 0.2 | ||||||||||||||||||||||||||||||||||||||||||
Fortress in-process Research & Development(a) | — | 2.2 | ||||||||||||||||||||||||||||||||||||||||||
Total, unamortizable | $ | 0.7 | $ | 2.9 | ||||||||||||||||||||||||||||||||||||||||
| Fiscal Years Ending September 30: | Projected Annual Amortization | |||||||
| 2026 | $ | 1.7 | ||||||
| 2027 | 1.7 | |||||||
| 2028 | 1.7 | |||||||
| 2029 | 0.9 | |||||||
| 2030 | 0.7 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 12, 2025 | Showing above |
| 2024 | Dec 16, 2024 | |
| 2023 | Nov 29, 2023 | |
| 2022 | Dec 14, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 22, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.