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Note 7 - Intangible Assets

12 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)		Weighted- Average Useful Life (Years)			Gross				Accumulated Amortization				Net Book Value
As of September 30, 2023:
Customer relationships		17.1			$	9,870			$	(4,779	)		$	5,091
Developed technology and know-how		20.0				1,800				(818	)			982
Non-competition agreements		5.0				400				(383	)			17
					$	12,070			$	(5,980	)		$	6,090

As of October 1, 2022:
Customer relationships		17.1			$	9,870			$	(4,130	)		$	5,740
Developed technology and know-how		20.0				1,800				(729	)			1,071
Non-competition agreements		5.0				400				(364	)			36
					$	12,070			$	(5,223	)		$	6,847

Amortization expense for intangibles was $757,000 in 2023, $821,000 in 2022 and $899,000 in 2021. Amortization expense for the next five years is $750,000 in 2024, $743,000 in 2025, $752,000 in 2026, $480,000 in 2027 and $453,000 in 2028.