XML 24 R11.htm IDEA: XBRL DOCUMENT v3.21.2

Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company has goodwill balances of $63.1 million and $35.7 million at September 30, 2021 and 2020, respectively, representing the excess of costs over fair value of net assets of businesses acquired. Goodwill acquired in a business combination and determined to have an indefinite useful life is not amortized, but instead is tested for impairment at least annually in accordance with ASC Topic 350. The following table summarizes changes in the balance of goodwill during the twelve months ended September 30, 2021 (amounts shown in thousands):

Balance at September 30, 2020			$	35,669
Acquisition of ID R&D			27,748
Foreign currency effect on goodwill			(321)
Balance at September 30, 2021			$	63,096

Intangible Assets

Intangible assets include the value assigned to purchased completed technology, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2021 and 2020 are summarized as follows (amounts shown in thousands, except for years):

September 30, 2021:						Weighted Average Amortization Period						Cost						Accumulated Amortization						Net
Completed technologies						6.6 years						$	34,361					$	13,311					$	21,050
Customer relationships						4.6 years						20,168						12,905						7,263
Trade names						4.7 years						988						567						421
Total intangible assets												$	55,517					$	26,783					$	28,734

September 30, 2020:						Weighted Average Amortization Period						Cost						Accumulated Amortization						Net
Completed technologies						6.4 years						$	20,341					$	9,416					$	10,925
Customer relationships						4.8 years						17,628						9,390						8,238
Trade names						4.5 years						618						492						126
Total intangible assets												$	38,587					$	19,298					$	19,289

Amortization expense related to acquired intangible assets was $7.5 million, $6.4 million, and $7.0 million for twelve months ended September 30, 2021, 2020, and 2019, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows (amounts shown in thousands):

			Estimated Future Amortization Expense
2022			$	8,830
2023			6,801
2024			4,471
2025			3,264
2026			2,051
Thereafter			3,317
Total			$	28,734

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and 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_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration