GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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, 2024 and 2023, we had no additions or impairments to goodwill. As of September 30, 2024 and September 30, 2023, 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. Our intangible assets are within our North America Solutions reportable segment and consist of the following:


		September 30, 2024						September 30, 2023
(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	$	40,047	$	49,049	$	89,096	$	34,092	$	55,004
Intellectual property	13 years	2,000		662		1,338		2,000		503		1,497
Trade name	20 years	5,865		2,105		3,760		5,865		1,791		4,074

		$	96,961	$	42,814	$	54,147	$	96,961	$	36,386	$	60,575

Amortization expense in the Consolidated Statements of Operations was $6.4 million for fiscal year 2024, $6.6 million for fiscal year 2023 and $7.2 million for fiscal year 2022; and is estimated to be $6.4 million for fiscal year 2025, and approximately $25.6 million for fiscal year 2026 through 2029.