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Goodwill and Other Intangible Assets
9 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

9.   Goodwill and Other Intangible Assets

The Company’s consolidated goodwill and other intangible assets consisted of the following (in thousands):

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Remaining Useful

 

 

 

 

 

 

 

 

 

Lives (in years)

 

June 30, 2021

 

 

September 30, 2020

 

Goodwill

 

 

$

4,337

 

 

$

4,337

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

Developed technology

15.2

 

$

5,918

 

 

$

5,918

 

Customer relationships

1.2

 

 

3,900

 

 

 

3,900

 

Trade names

2.2

 

 

1,930

 

 

 

1,930

 

Non-compete agreements

1.2

 

 

170

 

 

 

170

 

Total other intangible assets

8.3

 

 

11,918

 

 

 

11,918

 

Accumulated amortization

 

 

 

(4,886

)

 

 

(3,587

)

 

 

 

$

7,032

 

 

$

8,331

 

 

 

The Company’s goodwill is entirely associated with its Emerging Markets reporting unit.  At June 30, 2021, the Company determined there were no triggering events requiring an impairment assessment of its goodwill and other intangible assets.  The Company performs its annual goodwill impairment test in the fourth quarter.  If the Company determines that the future cash flows anticipated to be generated from its Emerging Markets reporting unit will not be sufficient to recover the carrying amount of the reporting unit, it will need to recognize an impairment charge equal to the difference between the carrying amount of the reporting unit and its fair value, not to exceed the carrying amount of the goodwill.

Other intangible assets amortization expense was $0.4 million for each of the three months ended June 30, 2021 and 2020 and $1.3 million for each of the nine months ended June 30, 2021 and 2020. 

 

As of June 30, 2021, future estimated amortization expense of other intangible assets is as follows (in thousands):

 

For fiscal years ending September 30,

 

 

 

2021 (remainder)

$

433

 

2022

 

1,624

 

2023

 

714

 

2024

 

342

 

2025

 

329

 

Thereafter

 

3,590

 

 

$

7,032