Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.22.2.2
Goodwill and Other Intangible Assets
 12 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following presents goodwill activity during the fiscal years ended September 30, 2022 and 2021 (in thousands):
Balance at September 30, 2020 $ 46,348 
Additions 39,074 
Balance at September 30, 2021 85,422 
Additions 45,300 
    Measurement period adjustments $ (1,257)
Balance at September 30, 2022 $ 129,465 
The additions in goodwill as of September 30, 2022 compared to September 30, 2021 were attributable to $45.3 million for various Business Acquisitions (see Note 4 - Business Acquisitions) completed during the fiscal year ended September 30, 2022 and a reduction of $1.3 million for measurement period adjustments that were finalized for acquisitions completed during the fiscal year ended September 30, 2021.
A summary of other intangible assets at September 30, 2022 and 2021 is as follows (in thousands):
September 30,
2022 2021
Weighted Average Life Gross Value Accumulated
Amortization		 Net Book
Value		 Gross Value Accumulated
Amortization		 Net Book
Value
Indefinite-lived:
Trade name license Indefinite $ 5,300  N/A $ 5,300  $ 2,000  N/A $ 2,000 
Finite-lived:
Customer relationship 13 years 11,045  (1,304) 9,741  1,645  (640) 1,005 
Non-compete agreements 7 years 1,220  (285) 935  1,295  (137) 1,158 
Total intangible assets $ 17,565  $ (1,589) $ 15,976  $ 4,940  $ (777) $ 4,163 
The change in gross value as of September 30, 2022 compared to September 30, 2021 is attributable to $9.0 million for various Business Acquisitions (see Note 4 - Business Acquisitions) completed during the fiscal year ended September 30, 2022 and $3.7 million for provisional accounting adjustments that were finalized for acquisitions completed during the fiscal year ended September 30, 2021.
Total amortization expense related to finite-lived intangible assets was $0.8 million, $0.3 million and $0.2 million for the fiscal years ended September 30, 2022, 2021 and 2020, respectively.
Estimated future total amortization expense related to finite-lived intangible assets is as follows (in thousands):
Fiscal Year Estimated Amortization Expense
2023 $ 981 
2024 978 
2025 977 
2026 925 
2027 776 
Thereafter 6,039 
   Total $ 10,676