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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2015
GOODWILL AND INTANGIBLE ASSETS [Abstract] |
GOODWILL AND INTANGIBLE ASSETS [Text Block] | NOTE 22. GOODWILL AND INTANGIBLE ASSETS The Company recorded a total of $36.9 million of goodwill during the fiscal year ended September 30, 2015, due to two separate business combinations – $11.6 million of goodwill in connection with the purchase of substantially all of the commercial loan portfolio and related assets of AFS/IBEX on December 2, 2014, and $25.4 million in goodwill in connection with the purchase of substantially all of the assets and liabilities of Refund Advantage, on September 8, 2015. The goodwill associated with these transactions are deductible for tax purposes. As part of the each business combination, the Company also recognized the following amortizable intangible assets: AFS/IBEX:
Intangible |  | Amount |  |  | Book Amortization Period (Years) |  | Method
Trademark |  | $ | 540 |  |  |  | 15 |  | Straight Line
Non-Compete |  | $ | 260 |  |  |  | 3 |  | Straight Line
Customer Relationships |  | $ | 7,240 |  |  |  | 30 |  | Accelerated
Other |  | $ | 173 |  |  | Varied |  | Straight Line
Refund Advantage:
Intangible |  | Amount |  |  | Book Amortization Period (Years) |  | Method
Trademark |  | $ | 4,950 |  |  |  | 15 |  | Accelerated
Non-Compete |  | $ | 40 |  |  |  | 3 |  | Straight Line
Customer Relationships |  | $ | 18,800 |  |  | 12 to 20 |  | Accelerated
Other |  | $ | 329 |  |  | Varied |  | Straight Line
The changes in the carrying amount of the Company’s goodwill and intangible assets for the years ended September 30, 2015 and 2014 are as follows:
|  | September 30, |
|  | 2015 |  |  | 2014 |
|  | (Dollars in Thousands) |
Goodwill |  |  |
Balance as of September 30, 2014 |  | $ | - |  |  | $ | - |
Acquisitions during the period |  |  | 36,928 |  |  |  | - |
Write-offs during the period |  |  | - |  |  |  | - |
Balance as of September 30, 2015 |  | $ | 36,928 |  |  | $ | - |
The Company completed an annual goodwill impairment test for the fiscal year ended September 30, 2015. Based on the results of the qualitative analysis, it was identified that it was more likely than not the fair value of the goodwill recorded exceeded the current carrying value. The Company concluded quantitative analysis was not required and no impairment existed.
|  | Trademark |  |  | Non-Compete |  |  | Customer Relationships |  |  | All Others |  |  | Total |
Intangibles |  |  |
Balance as of September 30, 2014 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,588 |  |  | $ | 2,588 |
Acquisitions during the period |  |  | 5,490 |  |  |  | 300 |  |  |  | 26,040 |  |  |  | 855 |  |  |  | 32,685 |
Amortization during the period |  |  | (51 | ) |  |  | (73 | ) |  |  | (1,229 | ) |  |  | (282 | ) |  |  | (1,635 | )
Write-offs during the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (61 | ) |  |  | (61 | )
Balance as of September 30, 2015 |  | $ | 5,439 |  |  | $ | 227 |  |  | $ | 24,811 |  |  | $ | 3,100 |  |  | $ | 33,577 |
|  | Trademark |  |  | Non-Compete |  |  | Customer Relationships |  |  | All Others |  |  | Total |
Intangibles |  |  |
Balance as of September 30, 2013 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,339 |  |  | $ | 2,339 |
Acquisitions during the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 331 |  |  |  | 331 |
Amortization during the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (78 | ) |  |  | (78 | )
Write-offs during the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | (4 | )
Balance as of September 30, 2014 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,588 |  |  | $ | 2,588 |
The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. The anticipated future amortization of intangibles is as follows:
|  | September 30, |
|  | (Dollars in Thousands) |
2016 |  | $ | 4,819 |
2017 |  |  | 4,116 |
2018 |  |  | 3,517 |
2019 |  |  | 3,001 |
2020 |  |  | 2,598 |
Thereafter |  |  | 15,526 |
Total anticipated intangible amortization |  | $ | 33,577 |

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