Management Contracts

12 Months Ended

Sep. 30, 2018

Text Block [Abstract]

Management Contracts

(6) Management Contracts

The costs related to the Company’s purchase of assets related to management contracts are capitalized as incurred. The management contract asset was $78.2 million as of the end of fiscal year 2018, compared to $74.6 million at the end of fiscal year 2017. The costs are defined as an “intangible asset” per the FASB standard “Intangibles – Goodwill and Other.” The management contract purchase costs include legal fees, shareholder vote fees and percent of asset costs to purchase the assets related to management contracts.