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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company had a goodwill balance of $124.9 million at December 31, 2024, representing the excess of costs over fair value of assets of businesses acquired. The following table summarizes changes in the balance of goodwill during the three months ended December 31, 2024 (amounts shown in thousands):

Balance at September 30, 2024			$	131,574
Foreign currency effect on goodwill			(6,666)
Balance at December 31, 2024			$	124,908

There was no impairment loss recognized related to goodwill in the three months ended December 31, 2024 or 2023.

Intangible Assets

Intangible assets include the value assigned to purchased completed technology, customer relationships, trade names and covenants not to compete. The estimated useful lives for all of these intangible assets range from three to seven years and they are amortized on a straight-line basis. Intangible assets as of December 31, 2024 and September 30, 2024, respectively, are summarized as follows (amounts in thousands, except for years):

December 31, 2024:			Weighted Average Amortization Period (in years)						Cost						Accumulated Amortization						Net
Completed technologies			7.0						$	83,929					$	41,184					$	42,745
Customer relationships			5.0						4,752						2,632						2,120
Trade names			5.0						6,167						3,476						2,691
Covenants not to compete			3.0						570						526						44
Total intangible assets									$	95,418					$	47,818					$	47,600

September 30, 2024:			Weighted Average Amortization Period (in years)						Cost						Accumulated Amortization						Net
Completed technologies			7.0						$	88,435					$	40,104					$	48,331
Customer relationships			5.0						5,000						2,483						2,517
Trade names			5.0						6,470						3,278						3,192
Covenants not to compete			3.0						600						503						97
Total intangible assets									$	100,505					$	46,368					$	54,137

Amortization expense related to acquired intangible assets was $3.7 million and $3.8 million during the three months ended December 31, 2024 and 2023, respectively, and is recorded within amortization and acquisition-related costs on the condensed consolidated statements of operations and comprehensive income (loss). There were no impairment losses recognized related to intangible assets in the three months ended December 31, 2024 or 2023.

The estimated future amortization expense related to intangible assets is expected to be as follows (amounts in thousands):

Fiscal Period:			Estimated Future Amortization Expense
Remainder of 2025			$	10,089
2026			12,497
2027			11,354
2028			9,649
2029			4,011
Thereafter			—
Total			$	47,600

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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