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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2021
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 September 30, 2021. The recorded goodwill is a result of multiple business combinations that have been consummated since fiscal year 2015, with the most recent 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. See Note 21. Segment Reporting for additional information on the Company's segment reporting. There have been no changes to the carrying amount of goodwill during the fiscal years ended September 30, 2021 and 2020.
The Company completed a qualitative goodwill impairment assessment as of September 30, 2021. Based on the results, it was identified that it was more likely than not the fair value of goodwill recorded exceeded the current carrying value and concluded no impairment existed as of September 30, 2021. The changes in the carrying amount of the Company's intangible assets were as follows:
(Dollars in Thousands) | Trademark(1) |  | Non-Compete(2) |  | Customer Relationships(3) |  | All Others(4) |  | Total
Intangible Assets |  |  |  |  |  |  |  |  |
At September 30, 2020 | $ | 10,901 |  |  | $ | 422 |  |  | $ | 24,333 |  |  | $ | 6,036 |  |  | $ | 41,692 |
Acquisitions during the period | — |  |  | — |  |  | — |  |  | 24 |  |  | 24 |
Amortization during the period | (1,078) |  |  | (382) |  |  | (6,465) |  |  | (620) |  |  | (8,545) |
Write-offs during the period | — |  |  | — |  |  | — |  |  | (23) |  |  | (23) |
At September 30, 2021 | $ | 9,823 |  |  | $ | 40 |  |  | $ | 17,868 |  |  | $ | 5,417 |  |  | $ | 33,148 |
Gross carrying amount | $ | 14,624 |  |  | $ | 2,481 |  |  | $ | 82,088 |  |  | $ | 10,142 |  |  | $ | 109,335 |
Accumulated amortization | (4,801) |  |  | (2,441) |  |  | (53,972) |  |  | (4,507) |  |  | (65,721) |
Accumulated impairment | — |  |  | — |  |  | (10,248) |  |  | (218) |  |  | (10,466) |
At September 30, 2021 | $ | 9,823 |  |  | $ | 40 |  |  | $ | 17,868 |  |  | $ | 5,417 |  |  | $ | 33,148 |
At September 30, 2019 | $ | 11,959 |  |  | $ | 827 |  |  | $ | 33,207 |  |  | $ | 6,817 |  |  | $ | 52,810 |
Acquisitions during the period | — |  |  | — |  |  | — |  |  | 35 |  |  | 35 |
Amortization during the period | (1,058) |  |  | (405) |  |  | (8,874) |  |  | (660) |  |  | (10,997) |
Write-offs during the period | — |  |  | — |  |  | — |  |  | (156) |  |  | (156) |
At September 30, 2020 | $ | 10,901 |  |  | $ | 422 |  |  | $ | 24,333 |  |  | $ | 6,036 |  |  | $ | 41,692 |
Gross carrying amount | $ | 14,624 |  |  | $ | 2,480 |  |  | $ | 82,088 |  |  | $ | 10,113 |  |  | $ | 109,305 |
Accumulated amortization | (3,723) |  |  | (2,058) |  |  | (47,507) |  |  | (3,887) |  |  | (57,175) |
Accumulated impairment | — |  |  | — |  |  | (10,248) |  |  | (190) |  |  | (10,438) |
At September 30, 2020 | $ | 10,901 |  |  | $ | 422 |  |  | $ | 24,333 |  |  | $ | 6,036 |  |  | $ | 41,692 |
(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 subsequent fiscal years at September 30, 2021 was as follows:
(Dollars in Thousands) |
2022 | $ | 6,420 |
2023 | 5,102 |
2024 | 4,384 |
2025 | 3,826 |
2026 | 3,252 |
Thereafter | 10,164 |
Total anticipated intangible amortization | $ | 33,148 |
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 for the fiscal years ended September 30, 2021 and 2020. Intangible impairment expense is recorded within the impairment expense line of the Consolidated Statements of Operations.

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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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