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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS |
NOTE 4 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 three months ended December 31, 2024, there were no additions or impairments to goodwill. As of December 31, 2024 and September 30, 2024, 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:
|  |  | December 31, 2024 |  | September 30, 2024
(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 |  |  | $ | 41,536 |  |  | $ | 47,560 |  |  | $ | 89,096 |  |  | $ | 40,047 |  |  | $ | 49,049 |
Intellectual property | 13 years |  | 2,000 |  |  | 702 |  |  | 1,298 |  |  | 2,000 |  |  | 662 |  |  | 1,338 |
Trade name | 20 years |  | 5,865 |  |  | 2,176 |  |  | 3,689 |  |  | 5,865 |  |  | 2,105 |  |  | 3,760 |
|  |  | $ | 96,961 |  |  | $ | 44,414 |  |  | $ | 52,547 |  |  | $ | 96,961 |  |  | $ | 42,814 |  |  | $ | 54,147 |
Amortization expense in the Unaudited Condensed Consolidated Statements of Operations was $1.6 million for the three months ended December 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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