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Goodwill and Intangible Assets | 9 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 6. Goodwill and Intangible Assets During the third quarter of 2025, we completed our annual impairment test of goodwill, which was based on a qualitative assessment, and concluded that there w as no impairment. A qualitative assessment is designed to determine whether we believe it is more likely than not that the fair values of our reporting units exceed their carrying values. A qualitative assessment includes a review of qualitative factors, including company-specific (financial performance and long-range plans), industry, and macroeconomic factors, and a consideration of the fair value of each reporting unit at the last valuation date. Goodwill and acquired intangible assets consisted of the following:
(in thousands) |  | June 30, 2025 |  |  | September 30, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Goodwill |  |  |  |  |  |  |  | $ | 3,497,012 |  |  |  |  |  |  |  |  | $ | 3,461,891 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased software |  | $ | 639,597 |  |  | $ | 464,507 |  |  | $ | 175,090 |  |  | $ | 634,439 |  |  | $ | 436,471 |  |  | $ | 197,968 |
Capitalized software |  |  | 22,877 |  |  |  | 22,877 |  |  |  | — |  |  |  | 22,877 |  |  |  | 22,877 |  |  |  | — |
Customer lists and relationships |  |  | 1,150,597 |  |  |  | 495,329 |  |  |  | 655,268 |  |  |  | 1,141,086 |  |  |  | 457,718 |  |  |  | 683,368 |
Trademarks and trade names |  |  | 38,233 |  |  |  | 23,772 |  |  |  | 14,461 |  |  |  | 37,961 |  |  |  | 21,821 |  |  |  | 16,140 |
Other |  |  | 4,026 |  |  |  | 4,026 |  |  |  | — |  |  |  | 3,941 |  |  |  | 3,941 |  |  |  | — |
Total intangible assets with finite lives |  | $ | 1,855,330 |  |  | $ | 1,010,511 |  |  | $ | 844,819 |  |  | $ | 1,840,304 |  |  | $ | 942,828 |  |  | $ | 897,476 |
Total goodwill and acquired intangible assets |  |  |  |  |  |  |  | $ | 4,341,831 |  |  |  |  |  |  |  |  | $ | 4,359,367 |
Changes in Goodwill were as follows:
(in thousands) |  |
Balance, October 1, 2024 | $ | 3,461,891 |
Acquisitions |  | 5,977 |
Foreign currency translation adjustment |  | 29,144 |
Balance, June 30, 2025 | $ | 3,497,012 |
The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows:
(in thousands) |  | Three months ended |  |  | Nine months ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Amortization of acquired intangible assets |  | $ | 11,536 |  |  | $ | 10,672 |  |  | $ | 34,356 |  |  | $ | 31,459 |
Cost of revenue |  |  | 8,178 |  |  |  | 9,685 |  |  |  | 24,609 |  |  |  | 28,835 |
Total amortization expense |  | $ | 19,714 |  |  | $ | 20,357 |  |  | $ | 58,965 |  |  | $ | 60,294 |

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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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