Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:


	Merchant Services		Proprietary Software and Payments		Other		Total
Balance at September 30, 2021	$	119,086	$	173,157	$	—	$	292,243
Goodwill attributable to preliminary purchase price adjustments and acquisitions during the three months ended December 31,2021	—		57,354		—		57,354
Balance at December 31, 2021	$	119,086	$	230,511	$	—	$	349,597

Intangible assets consisted of the following as of December 31, 2021:


	Cost		Accumulated Amortization		Carrying Value		Amortization Life and Method
Finite-lived intangible assets:
Merchant relationships	$	265,911	$	(69,212)	$	196,699	9 to 25 years – accelerated or straight-line
Non-compete agreements	1,478		(624)		854		3 to 6 years – straight-line
Website and brand development costs	218		(116)		102		3 to 4 years – straight-line
Trade names	7,820		(3,066)		4,754		3 to 7 years – straight-line
Residual buyouts	6,718		(1,617)		5,101		8 years – straight-line
Referral and exclusivity agreements	800		(613)		187		5 years – straight-line
Total finite-lived intangible assets	282,945		(75,248)		207,697

Indefinite-lived intangible assets:
Trademarks	42		—		42
Total identifiable intangible assets	$	282,987	$	(75,248)	$	207,739

Amortization expense for intangible assets amounted to $4,178 and $3,360 during the three months ended December 31, 2021, and 2020 respectively.

Based on net carrying amounts at December 31, 2021, the Company's estimate of future amortization expense for intangible assets are presented in the table below for fiscal years ending September 30:


2022 (nine months remaining)	$	13,712
2023	17,517
2024	16,534
2025	16,250
2026	15,855
Thereafter	127,829
	$	207,697