v3.26.1
Intangible Assets
9 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets
Note 8 - Intangible Assets
The following table provides the gross carrying value, accumulated amortization, net book value and remaining useful life for those intangible assets that are subject to amortization as of June 30, 2026:
Gross Carrying ValueAccumulated AmortizationNet Book ValueWeighted Average Remaining Useful Life (Years)
Internally developed software$13,461 $(11,617)$1,844 3.71
Internally developed curriculum6,459 (3,686)2,773 3.43
Trademarks, trade names and other1,942 (1,621)321 6.42
Acquired curriculum1,800 (1,377)423 1.35
Intangible assets subject to amortization23,662 (18,301)5,361 3.69
Accreditations and regulatory approvals16,300 — 16,300 Indefinite
Development in progress3,874 — 3,874 — 
Total$43,836 $(18,301)$25,535 3.69
The following table provides the gross carrying value, accumulated amortization, net book value and remaining useful life for those intangible assets that are subject to amortization as of September 30, 2025:
Gross Carrying ValueAccumulated AmortizationNet Book ValueWeighted Average Remaining Useful Life (Years)
Trademarks, trade names and other$1,942 $(1,583)$359 7.17
Acquired curriculum1,800 (1,107)693 2.03
Intangible assets subject to amortization3,742 (2,690)1,052 3.78
Accreditations and regulatory approvals16,300 — 16,300 Indefinite
Total$20,042 $(2,690)$17,352 3.78
Amortization expense was $0.4 million and $1.3 million for the three and nine months ended June 30, 2026, and $0.2 million and $0.7 million for the three and nine months ended June 30, 2025.
Future intangible asset amortization expense is expected to be as follows:
Fiscal Year
Remainder of 2026
$462 
20271,808 
20281,408 
2029883 
2030494 
Thereafter306 
Total$5,361 
The remaining weighted average useful lives shown are calculated based on the net book value and remaining amortization period of each respective intangible asset. Amortization is computed using the straight-line method based on estimated useful lives of the related assets. Our indefinite-lived intangible assets are reviewed at least annually for impairment as of August 1, or more frequently if there are indicators of impairment. There were no indicators of impairment for our indefinite-lived intangible assets as of June 30, 2026.