XML 23 R11.htm IDEA: XBRL DOCUMENT v3.22.1
Intangible Assets
 6 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

5.

Intangible Assets

Information about our intangible assets as of March 31, 2022 and September 30, 2021, is as follows (in thousands):

 

 

 

March 31,

 

 

September 30,

 

 

 

2022

 

 

2021

 

Customer relationship

 

$

43,800

 

 

$

43,800

 

Accumulated amortization

 

 

(37,519

)

 

 

(37,008

)

Net carrying value

 

$

6,281

 

 

$

6,792

 

 

Total amortization expense recognized was $0.3 million and $0.3 million for the three months ended March 31, 2022 and 2021, respectively, and $0.5 million and $0.6 million for the six months ended March 31, 2022 and 2021, respectively. We expect to record amortization expense of $0.5 million for the remainder of 2022, and $0.9 million, $0.8 million, $0.7 million, and $0.6 million for fiscal years 2023, 2024, 2025 and 2026, respectively, and $2.8 million of amortization expense thereafter.

 

As of March 31, 2022, our intangible assets’ remaining weighted average term is 13.5 years.