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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

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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

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