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Goodwill and Other Intangible Assets
 12 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets consisted of the following (in thousands):
September 30,
20242023
Indefinite useful lives:
Goodwill$61,911 $70,772 
Licenses124,492 135,735 
Tradename and domain name19,118 19,811 
205,521 226,318 
Amortization Period
Definite useful lives:
Discounted leasesLease term63 811 
Non-compete agreements5 years— 3 
Software5 years40 55 
LicensesLease term19,732 22,597 
Leases acquired in-placeLease term16 133 
19,851 23,599 
Total goodwill and other intangible assets$225,372 $249,917 
Substantially all of our goodwill and other intangible assets belong to our Nightclubs segment.
20242023
Definite- Lived Intangibles Indefinite- Lived Intangibles Goodwill Definite- Lived Intangibles Indefinite- Lived Intangibles Goodwill
Beginning balance$23,599 $155,546 $70,772 $26,935 $117,114 $67,767 
Acquisitions23 — — 2,005 43,948 7,244 
Impairment(590)(11,936)(8,861)(1,813)(5,516)(4,239)
Dispositions(687)— — — — — 
Amortization(2,494)— — (3,528)— — 
Ending balance$19,851 $143,610 $61,911 $23,599 $155,546 $70,772 
Definite-lived intangible assets consist of the following (in thousands):
September 30,
20242023
Licenses$27,725 $27,725 
Software2,355 2,332 
Leases acquired in-place826 826 
Discounted leases297 1,076 
Non-compete agreements1,100 1,100 
Distribution agreements317 317 
Total definite-lived intangibles32,620 33,376 
Less accumulated amortization and impairment(12,769)(9,777)
Definite-lived intangibles, net$19,851 $23,599 
As of September 30, 2024 and 2023, the accumulated impairment balance of indefinite-lived intangibles was $28.8 million and $16.9 million, respectively, while the accumulated impairment balance of goodwill was $34.3 million and $25.4 million, respectively. As of September 30, 2024 and 2023, the gross amount of goodwill amounted to $96.2 million and $96.2 million, respectively. Future amortization expense related to definite-lived intangible assets that are subject to amortization at September 30, 2024 is: 2025 - $2.3 million; 2026 - $2.3 million; 2027 - $2.2 million; 2028 - $1.5 million; 2029 - $1.5 million; and thereafter - $10.2 million.
Indefinite-lived intangible assets consist of SOB licenses, liquor licenses, and tradenames, which were obtained as part of acquisitions. These licenses are the result of zoning ordinances, thus are valid indefinitely, subject to filing annual renewal applications, which are done at minimal costs to the Company. We considered certain licenses that are associated with leased locations as definite-lived. The discounted cash flow of the income approach method was used in calculating the value of these licenses in a business combination, while the relief-from-royalty method was used in calculating the value of tradenames. During the fiscal year ended September 30, 2024, the Company recognized a $11.8 million impairment related to the SOB licenses of seven clubs, a $8.9 million impairment related to goodwill of four reporting units, and a $693,000 impairment related to tradename of one club. During the fiscal year ended September 30, 2023, the Company recognized a $6.5 million impairment related to the SOB licenses of eight club and a $4.2 million impairment related to goodwill of four reporting unit. During the fiscal year ended September 30, 2022, the Company recognized a $293,000 impairment related to one club's SOB licenses and a $566,000 impairment related to the goodwill of one reporting unit.