XML 34 R15.htm IDEA: XBRL DOCUMENT
v3.23.3

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS |
NOTE 5 GOODWILL AND INTANGIBLE ASSETS
Goodwill Goodwill represents the excess of the purchase price over the fair values of the assets acquired and liabilities assumed in a business combination, at the date of acquisition. Goodwill is not amortized but is tested for potential impairment at the reporting unit level, at a minimum on an annual basis in the fourth fiscal quarter, or when indications of potential impairment exist. All of our goodwill is within our North America Solutions reportable segment. During the fiscal years ended September 30, 2023 and 2022, we had no additions or impairments to goodwill. As of September 30, 2023 and September 30, 2022, the goodwill balance was $45.7 million. Intangible Assets Finite-lived intangible assets are amortized using the straight-line method over the period in which these assets contribute to our cash flows and are evaluated for impairment in accordance with our policies for valuation of long-lived assets. All of our intangible assets are within our North America Solutions reportable segment. Intangible assets consisted of the following:
|  |  | September 30, 2023 |  | September 30, 2022
(in thousands) | Weighted Average Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible asset: |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 15 years |  | $ | 89,096 |  |  | $ | 34,092 |  |  | $ | 55,004 |  |  | $ | 89,096 |  |  | $ | 28,137 |  |  | $ | 60,959 |
Intellectual property | 13 years |  | 2,000 |  |  | 503 |  |  | 1,497 |  |  | 2,000 |  |  | 328 |  |  | 1,672 |
Trade name | 20 years |  | 5,865 |  |  | 1,791 |  |  | 4,074 |  |  | 5,865 |  |  | 1,475 |  |  | 4,390 |
Customer relationships | 5 years |  | 4,000 |  |  | 4,000 |  |  | — |  |  | 4,000 |  |  | 3,867 |  |  | 133 |
|  |  | $ | 100,961 |  |  | $ | 40,386 |  |  | $ | 60,575 |  |  | $ | 100,961 |  |  | $ | 33,807 |  |  | $ | 67,154 |
Amortization expense in the Consolidated Statements of Operations was $6.6 million for fiscal year 2023, and $7.2 million for fiscal years 2022 and 2021, and is estimated to be $6.4 million for fiscal year 2024, and approximately $25.6 million for fiscal year 2025 through 2028.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration