XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Intangible Assets | 3 Months Ended
--- | ---
Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract] |
Intangible Assets | Intangible Assets Intangible assets consist of the following:
|  |  | December 31, 2021 |  | September 30, 2021
(in thousands) | Useful Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Contract intangibles | 6 - 8 |  | 17,000 |  |  | (2,098) |  |  | 14,902 |  |  | 3,100 |  |  | (1,679) |  |  | 1,421 |
Technology | 3 - 5 |  | 5,300 |  |  | (2,033) |  |  | 3,267 |  |  | 2,700 |  |  | (1,755) |  |  | 945 |
Patent and trademarks | 3 - 10 |  | 2,360 |  |  | (1,342) |  |  | 1,018 |  |  | 2,360 |  |  | (1,273) |  |  | 1,087 |
Total intangible assets |  |  | $ | 24,660 |  |  | $ | (5,473) |  |  | $ | 19,187 |  |  | $ | 8,160 |  |  | $ | (4,707) |  |  | $ | 3,453 |
The gross carrying amount of total intangible assets increased by $16.5 million during the three months ended December 31, 2021 due to the Bid4Assets acquisition. The acquired developed software and trade name are included in the above line items of Technology and Patent and trademarks, respectively. See Note 3 - Bid4Assets Acquisition for further information. Future expected amortization of intangible assets at December 31, 2021, is as follows:
(in thousands) |  | Expected Amortization Expense
Years ending September 30, |
Remainder of 2022 |  | $ | 2,951 |
2023 |  | 3,791 |
2024 |  | 3,253 |
2025 |  | 2,012 |
2026 and thereafter |  | 7,180 |
Total |  | $ | 19,187 |
Intangible asset amortization expense was $0.8 million and $0.3 million for the three months ended December 31, 2021 and 2020, respectively. The Company has continued to evaluate the impact of the COVID-19 pandemic on the recoverability of its long-lived assets. The Company has not identified indicators of impairment requiring an interim impairment test on material long-lived assets during the three months ended December 31, 2021.

X
- References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration