XML 35 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The following table provides a rollforward of the Company’s goodwill for the fiscal years ended September 30, 2024 and 2023:
Balance as of October 1, 2022 | $ | 157,825 |
Acquisitions - DSA 1 | 2,828 |
Impairment - RMS | (66,367) |
Balance as of September 30, 2023² | $ | 94,286 |
Acquisitions - DSA | — |
Impairment - RMS | — |
Balance as of September 30, 2024 2,3 | $ | 94,286 |
1 Goodwill for DSA acquisitions relates to measurement period adjustments during fiscal 2023 related to the fiscal 2022 acquisitions, as disclosed in Note 3 - Business Combinations. 2 The accumulated impairment loss for the RMS segment was $302,220 at each of September 30, 2024 and September 30, 2023. 3 All remaining goodwill relates to the DSA segment.. Fiscal Year 2024 There was no change in goodwill during fiscal year 2024. Fiscal Year 2023 The change in goodwill during fiscal year 2023 related primarily to measurement period adjustments in the DSA segment from the acquisition of Protypia, offset by goodwill impairment related to the RMS reporting unit (which is reported within the RMS segment). During December 2022, the Company determined that as a result of the November 16, 2022 event, which led to the Company’s decision to refrain from selling or delivering any of its Cambodian NHPs held in the U.S. at that time, the uncertainty related to the Company’s ability to import NHPs from Cambodia and the decrease in its stock price, the carrying value of goodwill as of December 31, 2022, was required to be quantitatively evaluated. The carrying value of the Company’s goodwill by reporting unit was determined utilizing the income approach. Based on the Company’s quantitative goodwill impairment test, the fair value of the RMS reporting unit was less than the RMS reporting unit’s carrying value. As a result, a goodwill impairment loss of $66,367 was recorded within the RMS segment. Intangible Assets The following table displays intangible assets, net by major class:
| September 30, 2024
| Carrying Amount, Gross |  | Accumulated Amortization |  | Carrying Amount, Net
Customer relationships | $ | 317,672 |  |  | $ | (82,683) |  |  | $ | 234,989 |
Intellectual property | 56,442 |  |  | (18,718) |  |  | 37,724 |
Other | 4,837 |  |  | (3,154) |  |  | 1,683 |
| $ | 378,951 |  |  | $ | (104,555) |  |  | $ | 274,396 |
| September 30, 2023
| Carrying Amount, Gross |  | Accumulated Amortization |  | Carrying Amount, Net
Customer relationships | $ | 316,820 |  |  | $ | (54,711) |  |  | $ | 262,109 |
Intellectual property | 56,337 |  |  | (12,234) |  |  | 44,103 |
Other | 4,837 |  |  | (2,621) |  |  | 2,216 |
| $ | 377,994 |  |  | $ | (69,566) |  |  | $ | 308,428 |
The decrease in intangible assets, net during fiscal years 2024 and 2023 related primarily to the amortization of all intangible assets, partially offset by foreign exchange rate impact. Amortization expense of definite-lived intangible assets for fiscal years ended 2024 and 2023 was $34,790 and $34,681, respectively. As of September 30, 2024, estimated amortization of intangible assets for each of the next five fiscal years and in the aggregate thereafter is expected to be as follows:
| RUL 1 (in years) |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Totals
Customer relationships | 9.0 |  | $ | 27,842 |  |  | $ | 27,780 |  |  | $ | 27,595 |  |  | $ | 27,461 |  |  | $ | 26,324 |  |  | $ | 97,987 |  |  | $ | 234,989 |
Intellectual property | 5.9 |  | 6,459 |  |  | 6,459 |  |  | 6,459 |  |  | 6,459 |  |  | 6,459 |  |  | 5,429 |  |  | 37,724 |
Other | 6.2 |  | 524 |  |  | 367 |  |  | 124 |  |  | 109 |  |  | 109 |  |  | 450 |  |  | 1,683 |
Total | 8.4 |  | $ | 34,825 |  |  | $ | 34,606 |  |  | $ | 34,178 |  |  | $ | 34,029 |  |  | $ | 32,892 |  |  | $ | 103,866 |  |  | $ | 274,396 |
1RUL (in years) represents the weighted average remaining useful life

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration