
(in thousands)	Electrical		Safety & Infrastructure		Total
Balance as of September 30, 2025	$	260,843	$	33,642	$	294,485


Assets Held for Sale	(6,500)		—		(6,500)

Exchange rate effects	(467)		15		(452)
Balance as of March 27, 2026	$	253,876	$	33,657	$	287,533

Goodwill balances as of March 27, 2026 included $12,145 and $61,885 of accumulated impairment losses within the Electrical and Safety & Infrastructure segments, respectively.

The Company designated its HDPE business as held for sale as of the quarter ended March 27, 2026. Consequently, an amount of $6,500 attributable to goodwill was allocated to the HDPE business unit. This allocation of goodwill has been recognized within assets classified as held for sale. Following the allocation of goodwill, the Company conducted an evaluation of the HDPE business for potential impairment and as a result, recognized an impairment of $6,500. See Note 4, “Assets Held for Sale” for additional details.

The Company assesses the recoverability of goodwill and indefinite-lived trade names on an annual basis in accordance with ASC 350, “Intangibles - Goodwill and Other.” The measurement date is the first day of the fourth fiscal quarter, or more frequently, if events or circumstances indicate that it is more likely than not that the fair value of a reporting unit or the respective indefinite-lived trade name is less than the carrying value.

The following table provides the gross carrying value, accumulated amortization and net carrying value for each major class of intangible asset:


		March 27, 2026						September 30, 2025
(in thousands)	Weighted Average Useful Life (Years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable intangible assets:
Customer relationships	11	$	375,329	$	(343,321)	$	32,008	$	401,771	$	(338,201)	$	63,570
Other	8	23,541		(21,311)		2,230		25,205		(20,797)		4,408
Total		398,870		(364,632)		34,238		426,976		(358,998)		67,978
Indefinite-lived intangible assets:
Trade names		92,782		—		92,782		92,780		—		92,780
Total		$	491,652	$	(364,632)	$	127,020	$	519,756	$	(358,998)	$	160,758

Other intangible assets consist of definite-lived trade names, technology, non-compete agreements and backlogs. Included in the table above are the effects of changes in exchange rates, which were not material for the six months ended March 27, 2026. Additionally, the Company reclassified $21,048 of intangible assets net of amortization related to the HDPE business to assets held for sale as described in Note 4, “Assets Held for Sale”. Amortization expense for the three months ended March 27, 2026 and March 28, 2025 was $6,282 and $10,166, respectively.

Expected amortization expense for intangible assets for the remainder of fiscal 2026 and over the next five years and thereafter is as follows:

Actual amounts of amortization may differ from estimated amounts due to additional intangible asset acquisitions, impairment of intangible assets and other events.