XML 45 R23.htm IDEA: XBRL DOCUMENT
v3.24.3

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | 17. GOODWILL AND INTANGIBLE ASSETS Goodwill The following summarizes changes in the carrying value of goodwill by segment during the year ended September 30, 2024. The carrying value of goodwill was unchanged during the year ended September 30, 2023.
| Communications |  | Residential |  | Infrastructure Solutions |  | Commercial & Industrial |  | Total
Balance at September 30, 2023 | 2,816 |  |  | 51,370 |  |  | 38,209 |  |  | — |  |  | 92,395 |
Acquisitions (Note 19) | — |  |  | — |  |  | 1,565 |  |  | — |  |  | 1,565 |
Balance at September 30, 2024 | $ | 2,816 |  |  | $ | 51,370 |  |  | $ | 39,774 |  |  | $ | — |  |  | $ | 93,960 |
Based on the results of our annual goodwill impairment assessment at September 30, 2024, we concluded the fair value of each of our reporting units exceeded its book value, and therefore we recorded no impairment charges for the year ended September 30, 2024. As of September 30, 2024 and 2023, we had accumulated impairment losses of $6,976 related to our Commercial & Industrial segment. Intangible Assets Intangible assets consist of the following:
|  |  |  |  | September 30, 2024
| Estimated Useful Lives (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trademarks/trade names | 5 | - | 20 |  | $ | 13,821 |  |  | $ | (6,964) |  |  | $ | 6,857 |
Technical library | 20 |  | 400 |  |  | (221) |  |  | 179 |
Customer relationships | 1 | - | 15 |  | 92,796 |  |  | (54,478) |  |  | 38,318 |
Backlog and construction contracts | 1 | - | 2 |  | 750 |  |  | (214) |  |  | 536 |
Total |  |  | $ | 107,767 |  |  | $ | (61,877) |  |  | $ | 45,890 |
|  |  |  |  | September 30, 2023
| Estimated Useful Lives (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trademarks/trade names | 5 | - | 20 |  | $ | 14,621 |  |  | $ | (6,973) |  |  | $ | 7,648 |
Technical library | 20 |  | 400 |  |  | (201) |  |  | 199 |
Customer relationships | 6 | - | 15 |  | 91,426 |  |  | (43,065) |  |  | 48,361 |
Non-competition arrangements | 5 |  | 40 |  |  | (40) |  |  | — |
Backlog and construction contracts | 1 |  | 4,958 |  |  | (4,958) |  |  | — |
Total |  |  | $ | 111,445 |  |  | $ | (55,237) |  |  | $ | 56,208 |
For the years ended September 30, 2024, 2023 and 2022, amortization expense of intangible assets was $13,200, $13,684 and $13,666, respectively. Our estimated future amortization expense for years ending September 30 is as follows:
Year Ending September 30,
2025 | $ | 13,284 |
2026 | 11,942 |
2027 | 8,466 |
2028 | 5,491 |
2029 | 2,823 |
Thereafter | 3,884 |
Total | $ | 45,890 |

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://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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration