GOODWILL AND OTHER INTANGIBLES |
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| Intangible Asset, Goodwill and Other [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GOODWILL AND OTHER INTANGIBLES | GOODWILL AND OTHER INTANGIBLES The carrying value of goodwill as of June 30, 2026 and September 30, 2025 was $191,253. The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets:
Amortization expense for intangible assets was $3,695 and $3,650 for the quarters ended June 30, 2026 and 2025, respectively and $11,037 and $10,912 for the nine months ended June 30, 2026 and 2025, respectively. Amortization expense for the remainder of 2026 and the next five fiscal years and thereafter, based on current intangible balances and classifications, is estimated as follows: remaining in 2026 - $3,710; 2027 - $14,800; 2028 - $14,800; 2029 - $14,800; 2030 - $14,800; 2031 - $14,800; thereafter $132,512. Indicators of impairment related to the Company's continuing operations Goodwill and Intangible Assets were not present during the nine months ended June 30, 2026. During the quarter ended June 30, 2025, indicators of impairment were present for the Hunter Fan reporting unit goodwill and indefinite-lived intangible assets. As such, in connection with the preparation of our financial statements for the quarter and nine months ended June 30, 2025, we performed a quantitative assessment of the Hunter Fan reporting unit goodwill using both an income based approach and market-based valuation approach. This impairment test resulted in a pre-tax, non-cash goodwill impairment charge of $136,612, representing the remaining goodwill of the Hunter Fan reporting unit. We determined the fair value of Hunter Fan's indefinite-lived intangible asset by using a relief from royalty method, which estimates the value of a trademark by discounting to present value the hypothetical royalty payments that are saved by owning an asset rather than licensing it. We compared the estimated fair values to their carrying amounts, resulting in a pre-tax, non-cash impairment charge of $107,000 to the carrying amount of Hunter Fan's trademark.
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