v3.26.1
Goodwill and Other Identifiable Intangible Assets, Net
 9 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Amortizable intangible assets were (in thousands):
June 30, 2026September 30, 2025
Gross
carrying
amount		Accum.
amort.		NetGross
carrying
amount		Accum.
amort.		Net
Purchased and core technology$111,943 $(71,950)$39,993 $100,986 $(67,533)$33,453 
License agreements112 (112)— 112 (112)— 
Patents and trademarks55,805 (27,406)28,399 45,468 (24,870)20,598 
Customer relationships424,179 (127,537)296,642 408,198 (111,561)296,637 
Non-compete agreements2,400 (850)1,550 600 (600)— 
Order backlog1,000 (1,000)— 1,000 (1,000)— 
Total$595,439 $(228,855)$366,584 $556,364 $(205,676)$350,688 
Amortization expense for intangible assets was $8.2 million and $5.2 million for the three months ended June 30, 2026 and 2025, respectively. Amortization expense for intangible assets was $23.2 million and $16.2 million for the nine months ended June 30, 2026 and 2025, respectively. Amortization expense is recorded on our condensed consolidated statements of operations within cost of sales and in general and administrative expense.
Estimated amortization expense related to intangible assets for the remainder of fiscal 2026 and the five succeeding fiscal years is (in thousands):
2026 (three months)$8,177 
202732,369 
202832,161 
202929,901 
203029,297 
203129,245 
The changes in the carrying amount of goodwill by reportable segments are (in thousands):
Nine months ended June 30, 2026
IoT
Products & Services		IoT
Solutions		Total
Balance on September 30, 2025$175,266 $217,606 $392,872 
Acquisitions (see Note 2)
15,880 3,371 19,251 
Foreign currency translation adjustment(303)(216)(519)
Balance on June 30, 2026$190,843 $220,761 $411,604 
Goodwill represents the excess of cost over the fair value of net identifiable assets acquired. Goodwill is tested quantitatively for impairment on an annual basis as of June 30, or more frequently if events or circumstances occur which could indicate impairment. We have two reportable segments that are also reporting units, IoT Products & Services and IoT Solutions (see Note 7). Each of these reporting units was tested individually for impairment during our annual impairment test completed as of the end of the third fiscal quarter of fiscal 2026.

Results of our Fiscal 2026 Annual Impairment Test

As of June 30, 2026, we had a total of $190.8 million of goodwill for the IoT Products & Services reporting unit and $220.8 million of goodwill for the IoT Solutions reporting unit. At June 30, 2026, the fair value of goodwill exceeded the carrying value for each reporting unit and no impairment was recorded.