XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Mar. 31, 2024
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, 2024. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. There have been no changes to the carrying amount of goodwill during the six months ended March 31, 2024.
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands) | Trademark(1) | Non-Compete | Customer Relationships(2) | All Others(3) | Total
At September 30, 2023 | $ | 7,477 |  | $ | — |  | $ | 9,110 |  | $ | 4,133 |  | $ | 20,720 |
Amortization during the period | (527) |  | — |  | (1,431) |  | (266) |  | (2,224) |
At March 31, 2024 | $ | 6,950 |  | $ | — |  | $ | 7,679 |  | $ | 3,867 |  | $ | 18,496 |
Gross carrying amount | $ | 13,774 |  | $ | 301 |  | $ | 77,578 |  | $ | 7,798 |  | $ | 99,451 |
Accumulated amortization | (6,824) |  | (301) |  | (58,981) |  | (3,712) |  | (69,818) |
Accumulated impairment | — |  | — |  | (10,918) |  | (219) |  | (11,137) |
At March 31, 2024 | $ | 6,950 |  | $ | — |  | $ | 7,679 |  | $ | 3,867 |  | $ | 18,496 |
At September 30, 2022 | $ | 8,605 |  | $ | — |  | $ | 12,395 |  | $ | 4,691 |  | $ | 25,691 |
Amortization during the period | (609) |  | — |  | (1,819) |  | (265) |  | (2,693) |
At March 31, 2023 | $ | 7,996 |  | $ | — |  | $ | 10,576 |  | $ | 4,426 |  | $ | 22,998 |
Gross carrying amount | $ | 14,624 |  | $ | 2,481 |  | $ | 82,088 |  | $ | 9,940 |  | $ | 109,133 |
Accumulated amortization | (6,628) |  | (2,481) |  | (60,594) |  | (5,296) |  | (74,999) |
Accumulated impairment | — |  | — |  | (10,918) |  | (218) |  | (11,136) |
At March 31, 2023 | $ | 7,996 |  | $ | — |  | $ | 10,576 |  | $ | 4,426 |  | $ | 22,998 |
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods. (2) Book amortization period of 10-30 years. Amortized using the accelerated method. (3) 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 2024 and subsequent fiscal years at March 31, 2024 was as follows:
(Dollars in thousands) |
Remaining in 2024 | $ | 1,904 |
2025 | 3,563 |
2026 | 3,217 |
2027 | 2,571 |
2028 | 2,261 |
Thereafter | 4,980 |
Total anticipated intangible amortization | $ | 18,496 |
There were no impairments to intangible assets during the six months ended March 31, 2024 and 2023. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.

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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration