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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The Company held a total of $309.5 million of goodwill as of September 30, 2019. The recorded goodwill is a result of multiple business combinations that have occurred since fiscal year 2015, the most recent being the Crestmark Acquisition that closed on August 1, 2018. Goodwill is assessed for impairment at a reporting unit level, which is one level below the operating segments. The changes in the carrying amount of the Company’s goodwill and intangible assets for the fiscal years ended September 30, 2019 and 2018 were as follows:
(Dollars in Thousands) | Payments |  | Banking |  | Corporate Services/Other |  | Total
Goodwill |  |  |  |  |  |  |
September 30, 2018 | $ | 87,145 |  |  | $ | 216,125 |  |  | $ | — |  |  | $ | 303,270 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |
Measurement Period Adjustments (1) | — |  |  | 6,235 |  |  | — |  |  | 6,235 |
Impairment | — |  |  | — |  |  | — |  |  | — |
September 30, 2019 | $ | 87,145 |  |  | $ | 222,360 |  |  | $ | — |  |  | $ | 309,505 |
September 30, 2017 | $ | 87,145 |  |  | $ | 11,578 |  |  | $ | — |  |  | $ | 98,723 |
Acquisitions | — |  |  | 204,547 |  |  | — |  |  | 204,547 |
Impairment | — |  |  | — |  |  | — |  |  | — |
September 30, 2018 | $ | 87,145 |  |  | $ | 216,125 |  |  | $ | — |  |  | $ | 303,270 |
(1) The Company recognized measurement period adjustments on provisional goodwill during fiscal year 2019 related to the Crestmark Acquisition. Refer to Note 2. Acquisitions. The Company completed an annual goodwill impairment test for the fiscal year ended September 30, 2019. 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.
(Dollars in Thousands) | Trademark (1) |  | Non-Compete (2) |  | Customer Relationships (3) |  | All Others (4) |  | Total
Intangibles |  |  |  |  |  |  |  |  |
Balance as of September 30, 2018 | $ | 12,987 |  |  | $ | 1,297 |  |  | $ | 48,455 |  |  | $ | 7,980 |  |  | $ | 70,719 |
Acquisitions during the period | — |  |  | — |  |  | — |  |  | 115 |  |  | 115 |
Amortization during the period | (1,028 | ) |  | (470 | ) |  | (15,248 | ) |  | (965 | ) |  | (17,711 | )
Write-offs during the period | — |  |  | — |  |  | — |  |  | (313 | ) |  | (313 | )
Balance as of September 30, 2019 | $ | 11,959 |  |  | $ | 827 |  |  | $ | 33,207 |  |  | $ | 6,817 |  |  | $ | 52,810 |
Gross carrying amount | $ | 14,624 |  |  | $ | 2,480 |  |  | $ | 82,088 |  |  | $ | 10,703 |  |  | $ | 109,895 |
Accumulated amortization | (2,665 | ) |  | (1,653 | ) |  | (38,633 | ) |  | (3,227 | ) |  | (46,178 | )
Accumulated impairment |  |  |  |  |  |  | (10,248 | ) |  | (659 | ) |  | (10,907 | )
Balance as of September 30, 2019 | $ | 11,959 |  |  | $ | 827 |  |  | $ | 33,207 |  |  | $ | 6,817 |  |  | $ | 52,810 |
(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.
(Dollars in Thousands) | Trademark (1) |  | Non-Compete (2) |  | Customer Relationships (3) |  | All Others (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 |
Gross carrying amount | $ | 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. The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. The Company recorded an $0.1 million impairment charge during the second quarter of fiscal 2019 within its Payments segment and an immaterial impairment charge during the fourth quarter of fiscal 2018 within its Banking segment. Intangible impairment expense is recorded within the impairment expense line of the Consolidated Statements of Operations. The anticipated future amortization of intangibles is as follows:
Fiscal Year Ended | Anticipated Amortization
(Dollars in Thousands) |
2020 | $ | 10,987 |
2021 | 8,528 |
2022 | 6,402 |
2023 | 5,083 |
2024 | 4,365 |
Thereafter | 17,445 |
Total anticipated intangible amortization | $ | 52,810 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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