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

5.

Intangible Assets

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

 

 

June 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

Customer relationship

 

$

43,800

 

 

$

43,800

 

Accumulated amortization

 

 

(36,698

)

 

 

(35,768

)

Net carrying value

 

$

7,102

 

 

$

8,032

 

 

Total amortization expense recognized was approximately $0.3 million and $0.4 million for the three months ended June 30, 2021 and 2020, respectively, and $0.9 million and $1.1 million for the nine months ended June 30, 2021 and 2020, respectively. The Company expects to record amortization expense of $0.3 million for the remainder of 2021, and $1.0 million, $0.9 million, $0.8 million, $0.7 million for fiscal years 2022, 2023, 2024 and 2025, respectively.

 

As of June 30, 2021, the Company’s intangible assets’ remaining weighted average term is 14.3 years.