v3.26.1
Intangible Assets
9 Months Ended
Jun. 30, 2026
Intangible Asset, Finite-Lived, after Accumulated Amortization [Abstract]  
Intangible Assets
7.
Intangible Assets

Intangible assets consist of the following:

 

 

 

 

 

June 30, 2026

 

 

September 30, 2025

 

(in thousands)

 

Useful
Life
(in years)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer and supplier relationships

 

6 - 8

 

$

23,600

 

 

$

(13,599

)

 

$

10,001

 

 

$

23,600

 

 

$

(11,518

)

 

$

12,082

 

Technology

 

3 - 5

 

 

5,800

 

 

 

(5,155

)

 

 

645

 

 

 

5,800

 

 

 

(5,020

)

 

 

780

 

Trade names

 

3 - 7

 

 

2,412

 

 

 

(2,202

)

 

 

210

 

 

 

2,412

 

 

 

(2,100

)

 

 

312

 

Other intangibles

 

10

 

 

980

 

 

 

(814

)

 

 

166

 

 

 

949

 

 

 

(784

)

 

 

165

 

Total intangible assets, net

 

 

 

$

32,792

 

 

$

(21,770

)

 

$

11,022

 

 

$

32,761

 

 

$

(19,421

)

 

$

13,340

 

 

Future expected amortization of intangible assets as of June 30, 2026, is as follows:

 

(in thousands)

 

 

 

Years ending September 30,

 

Expected Future Amortization

 

Remainder of 2026

 

$

783

 

2027

 

 

3,051

 

2028

 

 

3,015

 

2029

 

 

3,011

 

2030 and thereafter

 

 

1,162

 

Total

 

$

11,022

 

Intangible asset amortization expense was $0.8 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively, and $2.3 million and $2.5 million for the nine months ended June 30, 2026, and 2025, respectively.

The Company did not record impairment charges on any intangible assets during the three and nine months ended June 30, 2026 and 2025. The Company did not identify any indicators of impairment requiring an interim impairment test on material long-lived assets during the three and nine months ended June 30, 2026.