XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.10.0.1

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill and Intangible Assets | The carrying amount of the Company’s goodwill and intangible assets for the years ended September 30, 2018 and 2017 are as follows:
| September 30,
| 2018 |  | 2017
| (Dollars in Thousands)
Goodwill |
Beginning balance | $ | 98,723 |  |  | $ | 36,928 |
Acquisitions during the period | 204,547 |  |  | 61,795 |
Write-offs during the period | — |  |  | — |
Ending balance | $ | 303,270 |  |  | $ | 98,723 |
The Company completed an annual goodwill impairment test for the fiscal year ended September 30, 2018. 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 a quantitative analysis was not required and no impairment existed.
| Trademark (1) |  | Non-Compete (2) |  | Customer Relationships (3) |  | Technology/Other (4) |  | Total
Intangibles |
Balance as of September 30, 2017 | $ | 10,051 |  |  | $ | 1,782 |  |  | $ | 31,707 |  |  | $ | 8,638 |  |  | $ | 52,178 |
Acquisitions during the period | 3,634 |  |  | — |  |  | 24,278 |  |  | 449 |  |  | 28,361 |
Amortization during the period | (698 | ) |  | (485 | ) |  | (7,530 | ) |  | (928 | ) |  | (9,641 | )
Write-offs during the period | — |  |  | — |  |  | — |  |  | (179 | ) |  | (179 | )
Balance as of September 30, 2018 | $ | 12,987 |  |  | $ | 1,297 |  |  | $ | 48,455 |  |  | $ | 7,980 |  |  | $ | 70,719 |
Balance upon acquisition | $ | 14,624 |  |  | $ | 2,480 |  |  | $ | 82,088 |  |  | $ | 10,951 |  |  | $ | 110,143 |
Accumulated amortization | $ | (1,637 | ) |  | $ | (1,183 | ) |  | $ | (23,385 | ) |  | $ | (2,263 | ) |  | $ | (28,468 | )
Accumulated impairment |  |  |  |  |  |  | $ | (10,248 | ) |  | $ | (708 | ) |  | $ | (10,956 | )
Balance as of September 30, 2018 | $ | 12,987 |  |  | $ | 1,297 |  |  | $ | 48,455 |  |  | $ | 7,980 |  |  | $ | 70,719 |
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods. (2) Book amortization period of 3-5 years. Amortized using the straight line method. (3) Book amortization period of 10-30 years. Amortized using the accelerated method. (4) Book amortization period of 3-20 years. Amortized using the straight line method.
| Trademark (1) |  | Non-Compete (2) |  | Customer Relationships (3) |  | Technology/Other (4) |  | Total
Intangibles |
Balance as of September 30, 2016 | $ | 5,149 |  |  | $ | 127 |  |  | $ | 20,590 |  |  | $ | 3,055 |  |  | $ | 28,921 |
Acquisitions during the period | 5,500 |  |  | 2,180 |  |  | 31,770 |  |  | 6,947 |  |  | 46,397 |
Amortization during the period | (598 | ) |  | (525 | ) |  | (10,405 | ) |  | (835 | ) |  | (12,363 | )
Write-offs during the period | — |  |  | — |  |  | (10,248 | ) |  | (529 | ) |  | (10,777 | )
Balance as of September 30, 2017 | $ | 10,051 |  |  | $ | 1,782 |  |  | $ | 31,707 |  |  | $ | 8,638 |  |  | $ | 52,178 |
Balance upon acquisition | $ | 10,990 |  |  | $ | 2,480 |  |  | $ | 57,810 |  |  | $ | 10,502 |  |  | $ | 81,782 |
Accumulated amortization | (939 | ) |  | (698 | ) |  | (15,855 | ) |  | (1,335 | ) |  | (18,827 | )
Accumulated impairment | — |  |  | — |  |  | (10,248 | ) |  | (529 | ) |  | (10,777 | )
Balance as of September 30, 2017 | $ | 10,051 |  |  | $ | 1,782 |  |  | $ | 31,707 |  |  | $ | 8,638 |  |  | $ | 52,178 |
(1) Book amortization period of 15 years. Amortized using the straight line and accelerated methods. (2) Book amortization period of 3 years. Amortized using the straight line method. (3) Book amortization period of 10-30 years. Amortized using the accelerated method. (4) Book amortization period of 3-20 years. Amortized using the straight line method. The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. The Company recorded an immaterial impairment charge during the fourth quarter of fiscal 2018 and a $10.2 million intangible impairment charge during the fourth quarter of fiscal 2017 related to the non-renewal of the H&R Block relationship. The weighted-average amortization period, by major intangible asset class and in total, for the acquisition during fiscal year 2018 were as follows:
| Weighted Average Amortization Period
Intangible | Crestmark
Trademark | 10.0
Customer Relationships | 10.0
Technology/Other | 3.0
Total | 9.9
Anticipated Future Amortization of Intangibles | The anticipated future amortization of intangibles is as follows:
| Year ended
| (Dollars in Thousands)
2019 | $ | 17,733 |
2020 | 11,017 |
2021 | 8,559 |
2022 | 6,404 |
2023 | 5,077 |
Thereafter | 21,929 |
Total anticipated intangible amortization | $ | 70,719 |

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 Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration