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Intangible Assets

12 Months Ended

Sep. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

6.	Intangible Assets

The Company monitors for any indicators of impairment of intangible assets. When certain conditions or changes in the economic situation exist, the assets may be impaired if the carrying amount of the assets is not recoverable and that carrying amount exceeds the asset’s fair value.

Information about the intangible assets of the Company at September 30, 2021 and 2020, is as follows (in thousands):

	September 30,			September 30,
	2021			2020
Customer relationship	$	43,800		$	43,800
Accumulated amortization		(37,008	)		(35,768	)
Net carrying value	$	6,792		$	8,032

Total amortization expense recognized was approximately $1.2 million, $1.5 million and $1.8 million for the fiscal years ended September 30, 2021, 2020 and 2019. The Company’s intangible assets have a remaining amortization period of 14 years. The Company expects to record amortization expense of $1.0 million, $0.9 million, $0.8 million, $0.7 million and $0.6 million for fiscal years 2022, 2023, 2024, 2025, and 2026, respectively, and $2.8 million of amortization expense thereafter.