XML 89 R19.htm IDEA: XBRL DOCUMENT
v3.20.1

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Mar. 31, 2020
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 at March 31, 2020. The recorded goodwill is a result of multiple business combinations that have been consummated since fiscal year 2015, with the most recent being the merger with Crestmark pursuant to the Crestmark Acquisition that closed on August 1, 2018. Goodwill is assessed for impairment at least annually or more often if conditions indicate a possible impairment. The assessment is done at a reporting unit level, which is one level below the operating segments. The Company has changed its basis of presentation for segments. The Company reviewed goodwill and intangible assets for impairment during the second quarter of 2020 due to the COVID-19 pandemic and deemed no impairment was necessary. See Note 17. Segment Reporting for additional information on the Company's segment reporting. The changes in the carrying amount of the Company’s goodwill and intangible assets for the six months ended March 31, 2020 and 2019 were as follows:
(Dollars in Thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Goodwill |  |  |  |  |  |  |
September 30, 2019 | $ | 87,145 |  |  | $ | 222,360 |  |  | $ | — |  |  | $ | 309,505 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |
Impairment | — |  |  | — |  |  | — |  |  | — |
March 31, 2020 | $ | 87,145 |  |  | $ | 222,360 |  |  | $ | — |  |  | $ | 309,505 |
September 30, 2018 | $ | 87,145 |  |  | $ | 216,125 |  |  | $ | — |  |  | $ | 303,270 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |
Measurement Period Adjustments(1) | — |  |  | 4,194 |  |  | — |  |  | 4,194 |
Impairment | — |  |  | — |  |  | — |  |  | — |
March 31, 2019 | $ | 87,145 |  |  | $ | 220,319 |  |  | $ | — |  |  | $ | 307,464 |
(1) The Company recognized measurement period adjustments on provisional goodwill during the fiscal 2019 second quarter related to the Crestmark acquisition.
(Dollars in Thousands) | Trademark(1) |  | Non-Compete(2) |  | Customer Relationships(3) |  | All Others(4) |  | Total
Intangible Assets |  |  |  |  |  |  |  |  |
Balance as of September 30, 2019 | $ | 11,959 |  |  | $ | 827 |  |  | $ | 33,207 |  |  | $ | 6,817 |  |  | $ | 52,810 |
Acquisitions during the period | — |  |  | — |  |  | — |  |  | 33 |  |  | 33 |
Amortization during the period | (528) |  |  | (212) |  |  | (4,997) |  |  | (340) |  |  | (6,077) |
Balance as of March 31, 2020 | $ | 11,431 |  |  | $ | 615 |  |  | $ | 28,210 |  |  | $ | 6,510 |  |  | $ | 46,766 |
Gross carrying amount | $ | 14,624 |  |  | $ | 2,480 |  |  | $ | 82,088 |  |  | $ | 10,736 |  |  | $ | 109,928 |
Accumulated amortization | (3,193) |  |  | (1,865) |  |  | (43,630) |  |  | (3,567) |  |  | (52,255) |
Accumulated impairment | — |  |  | — |  |  | (10,248) |  |  | (659) |  |  | (10,907) |
Balance as of March 31, 2020 | $ | 11,431 |  |  | $ | 615 |  |  | $ | 28,210 |  |  | $ | 6,510 |  |  | $ | 46,766 |
(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
Intangible Assets |  |  |  |  |  |  |  |  |
Balance as of September 30, 2018 | $ | 12,987 |  |  | $ | 1,297 |  |  | $ | 48,455 |  |  | $ | 7,980 |  |  | $ | 70,719 |
Acquisitions during the period | — |  |  | — |  |  | — |  |  | 78 |  |  | 78 |
Amortization during the period | (514) |  |  | (235) |  |  | (8,742) |  |  | (487) |  |  | (9,978) |
Write-offs during the period | — |  |  | — |  |  | — |  |  | (313) |  |  | (313) |
Balance as of March 31, 2019 | $ | 12,473 |  |  | $ | 1,062 |  |  | $ | 39,713 |  |  | $ | 7,258 |  |  | $ | 60,506 |
Gross carrying amount | $ | 14,624 |  |  | $ | 2,480 |  |  | $ | 82,088 |  |  | $ | 10,667 |  |  | $ | 109,859 |
Accumulated amortization | (2,151) |  |  | (1,418) |  |  | (32,127) |  |  | (2,750) |  |  | (38,446) |
Accumulated impairment | — |  |  | — |  |  | (10,248) |  |  | (659) |  |  | (10,907) |
Balance as of March 31, 2019 | $ | 12,473 |  |  | $ | 1,062 |  |  | $ | 39,713 |  |  | $ | 7,258 |  |  | $ | 60,506 |
(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 estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining six months of fiscal 2020 and subsequent fiscal years at March 31, 2020 was as follows:
(Dollars in Thousands) |
Remaining in 2020 | $ | 4,919 |
2021 | 8,545 |
2022 | 6,419 |
2023 | 5,101 |
2024 | 4,383 |
2025 | 3,827 |
Thereafter | 13,572 |
Total anticipated intangible amortization | $ | 46,766 |
The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. There were no impairments to intangible assets during the three and six months ended March 31, 2020 and 2019.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration