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Goodwill and Intangible Assets | 9 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | 8. Goodwill and Intangible Assets The Company accounts for goodwill at acquisition-date fair value and other intangible assets at acquisition-date fair value less accumulated amortization. See Note 1 for a summary of the Company’s policies relating to goodwill and intangible assets. Intangible Assets As of June 30, 2023, the Company’s intangible assets, net consists of the following, in thousands:
|  | Weighted Average Amortization Period |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Noncompetition agreements |  | 5.0 years |  | $ | 200 |  |  | $ | (20 | ) |  | $ | 180 |
Backlog |  | 1.0 year |  |  | 2,100 |  |  |  | (1,050 | ) |  |  | 1,050 |
Trade names |  | 3.0-15.0 years |  |  | 2,679 |  |  |  | (585 | ) |  |  | 2,094 |
Developed technology |  | 5.0 years |  |  | 6,700 |  |  |  | (670 | ) |  |  | 6,030 |
Customer relationships |  | 6.0-10.0 years |  |  | 4,409 |  |  |  | (1,450 | ) |  |  | 2,959 |
Total intangible assets |  | 6.6 years |  | $ | 16,088 |  |  | $ | (3,775 | ) |  | $ | 12,313 |
As of September 30, 2022, the Company’s intangible assets, net consists of the following, in thousands:
|  | Weighted Average Amortization Period |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | 6.0-10.0 years |  | $ | 1,609 |  |  | $ | (1,280 | ) |  | $ | 329 |
Trade names |  | 3.0-15.0 years |  |  | 879 |  |  |  | (450 | ) |  |  | 429 |
Total intangible assets |  | 9.8 years |  | $ | 2,488 |  |  | $ | (1,730 | ) |  | $ | 758 |
The estimated aggregate amortization expense for each of the five succeeding fiscal years as of June 30, 2023 is as follows, thousands:
Year ending September 30: |  | Amount |
2023 |  | $ | 1,010 |
2024 |  |  | 2,463 |
2025 |  |  | 1,937 |
2026 |  |  | 1,937 |
2027 |  |  | 1,937 |
Thereafter |  |  | 3,029 |
Total |  | $ | 12,313 |
The aggregate amortization expense during the three months ended June 30, 2023 and 2022 were $1.0 million and less than $0.1 million, respectively. The aggregate amortization expense during the nine months ended June 30, 2023 and 2022 were $2.0 million and $0.1 million, respectively. Goodwill The Company evaluates goodwill at the reporting unit level, which, for the Company, is at the level of the reportable segments, semiconductor, material and substrate. The changes in carrying amount of goodwill allocated to each of the reporting units for the nine months ended June 30, 2023 is as follows, in thousands:
|  | Semiconductor |  |  | Material and Substrate |  |  | Total Goodwill |
Goodwill |  | $ | 5,905 |  |  | $ | 5,263 |  |  | $ | 11,168 |
Accumulated impairment losses |  |  | — |  |  |  | — |  |  |  | — |
Balance at September 30, 2022 |  |  | 5,905 |  |  |  | 5,263 |  |  |  | 11,168 |
Goodwill acquired during 2023 |  |  | — |  |  |  | 17,854 |  |  |  | 17,854 |
Impairment of goodwill during 2023 |  |  | — |  |  |  | — |  |  |  | — |
Balance at June 30, 2023 |  | $ | 5,905 |  |  | $ | 23,117 |  |  | $ | 29,022 |
Goodwill |  | $ | 5,905 |  |  | $ | 23,117 |  |  | $ | 29,022 |
Accumulated impairment losses |  |  | — |  |  |  | — |  |  |  | — |
Balance at June 30, 2023 |  | $ | 5,905 |  |  | $ | 23,117 |  |  | $ | 29,022 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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