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Goodwill and Other Intangible Assets

9 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS:

Goodwill represents the excess of the fair value of consideration paid for an acquired entity over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized and is subject to an impairment test that the Company conducts annually or more frequently if a change in circumstances or the occurrence of events indicates that potential impairment exists, using discounted cash flows.

Changes in total goodwill during the nine months ended June 30, 2023 are as follows (in thousands):


Segment	September 30, 2022		Acquisitions		Translation		June 30, 2023
FSS United States	$	4,150,266	$	14,120	$	60	$	4,164,446
FSS International	401,483		28,770		35,864		466,117
Uniforms	963,375		—		402		963,777
	$	5,515,124	$	42,890	$	36,326	$	5,594,340

Other intangible assets consist of the following (in thousands):


	June 30, 2023						September 30, 2022
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer relationship assets	$	1,504,999	$	(570,553)	$	934,446	$	1,474,588	$	(487,877)	$	986,711
Trade names	1,161,225		(13,705)		1,147,520		1,133,736		(6,721)		1,127,015
	$	2,666,224	$	(584,258)	$	2,081,966	$	2,608,324	$	(494,598)	$	2,113,726

Amortization of intangible assets for the nine months ended June 30, 2023 and July 1, 2022 was $86.2 million and $81.1 million, respectively.