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Note 6 - Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

6. Goodwill and Intangible Assets

The Company conducts an impairment assessment annually on April 1, or more frequently if impairment indicators are present. Changes to the Company’s operating segments effective October 1, 2023 resulted in a change to the Company’s reporting units, which are aligned to the Company’s operating and reportable segments (as further described below in Note 15, Segment and Geographic Information).

The following table sets forth the changes in the carrying amount of goodwill by operating and reportable segment since September 30, 2024 (in thousands).

	*Sample*
	*Management*
	*Solutions*			*Multiomics*		*Total*
Balance - October 1, 2024	$	494,649		$	196,760	$	691,409
Currency translation adjustments		(18,503	)		—		(18,503	)
Balance - December 31, 2024	$	476,146		$	196,760	$	672,906

The components of the Company’s identifiable intangible assets as of December 31, 2024 and September 30, 2024 are as follows (in thousands):

	*December 31, 2024*						*September 30, 2024*
			*Accumulated*		*Net Book*				*Accumulated*		*Net Book*
	*Cost*		*Amortization*		*Value*		*Cost*		*Amortization*		*Value*
Patents	$	1,220	$	1,220	$	—	$	1,227	$	1,227	$	—
Completed technology		106,665		56,034		50,631		109,949		55,191		54,758
Trademarks and trade names		705		214		491		726		195		531
Customer relationships		243,930		179,230		64,700		248,036		178,283		69,753
Total	$	352,520	$	236,698	$	115,822	$	359,938	$	234,896	$	125,042

Amortization expenses for intangible assets were $6.1 million and $7.2 million, respectively, for the three months ended December 31, 2024 and 2023.

Estimated future amortization expense for the intangible assets for the remainder of fiscal year 2025 and the subsequent five fiscal years are as follows (in thousands):

Remainder of fiscal year 2025	$	18,243
2026		21,697
2027		17,290
2028		14,459
2029		11,854
2030		10,336