Note 10 - Goodwill and Other Intangible Assets

9 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

10. Goodwill and Other Intangible Assets

The Company had the following goodwill and other intangible asset balances as of June 30, 2026 and September 30, 2025, dollars in thousands:

							As of
		Useful lives (in years)					June 30, 2026				September 30, 2025
Amortizable intangible assets:
Internal-use software		1	–	7			$	15,016				14,969
Accumulated amortization								(10,253	)			(8,874	)
Internal-use software, net								4,763				6,095

Deferred financing costs		3	–	8				159				159
Accumulated amortization								(148	)			(144	)
Deferred financing costs, net								11				15

Other		1	–	10				92				92
Accumulated amortization								(59	)			(55	)
Other, net								33				37

Acquired in-place tenant leases		1	–	5				500				—
Accumulated amortization								(118	)			—
Acquired above market tenant leases		1	–	5				25				—
Accumulated amortization								(7	)			—
Total acquired tenant lease intangibles, net								400				—
Total amortizable intangible assets, net								5,207				6,147
Internal-use software in process			n/a					7				21
Trademarks		Indefinite						389				389
Total other intangibles, net								5,603				6,557
Goodwill		Indefinite						5,198				5,198
Total goodwill and other intangibles, net							$	10,801				11,755

On January 21, 2026, the Company recognized, in connection with the acquisition of an office building and land, total tenant lease intangibles of $0.5 million, comprised of in-place tenant lease intangibles of $0.5 million and above market tenant lease intangibles of less than $0.1 million. The amortization for in-place tenant lease intangibles and above market tenant lease intangibles is recorded as amortization expense and reductions of rental income, respectively, and both are amortized on a straight-line basis over the related remaining lease terms and reported in administrative expenses in the Company’s consolidated statement of income. As of January 21, 2026, the remaining weighted-average amortization period was 3.0 years and 2.8 years for in-place tenant lease intangibles and above market tenant lease intangibles, respectively, and the weighted-average period prior to commencement of the renewal options was 1.9 years.