GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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.