Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:


	Software and Services		Merchant Services		Other		Total
Balance at September 30, 2021 (net of accumulated impairment losses of $11,458, $0 and $0, respectively)	$	173,157	$	119,086	$	—	$	292,243
Goodwill attributable to preliminary purchase price adjustments and acquisition activity during the year ended September 30, 2022	61,396		—		—		61,396
Balance at September 30, 2022	234,553		119,086		—		353,639
Goodwill attributable to preliminary purchase price adjustments and acquisition activity during the year ended September 30, 2023	53,060		2,864		—		55,924
Balance at September 30, 2023	$	287,613	$	121,950	$	—	$	409,563

Intangible assets consisted of the following as of September 30, 2023:


	Cost		Accumulated Amortization		Carrying Value		Amortization Life and Method
Finite-lived intangible assets:
Customer relationships	$	310,501	$	(98,182)	$	212,319	9 to 25 years – accelerated or straight-line
Non-compete agreements	1,300		(1,059)		241		3 to 6 years – straight-line
Website and brand development costs	44		(37)		7		3 to 4 years – straight-line
Trade names	6,531		(3,690)		2,841		3 to 7 years – straight-line
Residual buyouts	14,220		(3,111)		11,109		8 years – straight-line
Referral and exclusivity agreements	609		(217)		392		5 years – straight-line
Total finite-lived intangible assets	333,205		(106,296)		226,909

Indefinite-lived intangible assets:
Trademarks	43		—		43
Total identifiable intangible assets	$	333,248	$	(106,296)	$	226,952

Intangible assets consisted of the following as of September 30, 2022:


	Cost		Accumulated Amortization		Carrying Value		Amortization Life and Method
Finite-lived intangible assets:
Customer relationships	$	268,301	$	(80,681)	$	187,620	10 to 25 years – accelerated or straight-line
Non-compete agreements	1,190		(705)		485		3 to 6 years – straight-line
Website development costs	268		(159)		109		3 to 4 years – straight-line
Trade names	7,771		(4,203)		3,568		3 to 7 years – straight-line
Residual buyouts	6,169		(2,141)		4,028		8 years – straight-line
Referral and exclusivity agreements	800		(733)		67		5 years – straight-line
Total finite-lived intangible assets	284,499		(88,622)		195,877

Indefinite-lived intangible assets:
Trademarks	42		—		42
Total identifiable intangible assets	$	284,541	$	(88,622)	$	195,919

Amortization expense for intangible assets amounted to $20,539, $17,892 and $15,830 during the years ended September 30, 2023, 2022 and 2021, respectively.

Based on gross carrying amounts at September 30, 2023, the Company's estimate of future amortization expense for intangible assets are presented in this table as follows for each fiscal year ending September 30:


2024	$	20,506
2025	20,215
2026	19,743
2027	19,123
2028	18,540
Thereafter	128,782
	$	226,909