Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.20.2
Goodwill and Other Intangible Assets
12 Months Ended
Sep. 30, 2020
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, 2020 and 2019 (in thousands):
Balance at September 30, 2018 $ 32,919 
Additions 5,627 
Balance at September 30, 2019 38,546 
Additions 7,802 
Balance at September 30, 2020 $ 46,348 
A summary of other intangible assets at September 30, 2020 and 2019 is as follows (in thousands):
September 30,
2020 2019
Useful
Life
Gross Accumulated
Amortization
Net Book
Value
Gross Accumulated
Amortization
Net Book
Value
Indefinite-lived:
License Indefinite $ 2,000  N/A $ 2,000  $ 2,000  N/A $ 2,000 
Definite-lived:
Customer relationship
8 years
1,645  (435) 1,210  1,645  (229) 1,416 
Non-compete agreements
5 years
20  (6) 14  1,520  (1,502) 18 
Total intangible assets $ 3,665  $ (441) $ 3,224  $ 5,165  $ (1,731) $ 3,434 
Total amortization expense related to definite-lived intangible assets was $0.2 million and $1.1 million for the fiscal years ended September 30, 2020 and 2019, respectively.
Estimated future total amortization expense related to definite-lived intangible assets is as follows (in thousands):
Fiscal Year Estimated Amortization Expense
2021 $ 210 
2022 210 
2023 210 
2024 206 
2025 206 
Thereafter 182 
   Total $ 1,224