Management Contracts

12 Months Ended

Sep. 30, 2020

Text Block [Abstract]

Management Contracts

(5) Management Contracts

The costs related to the Company’s purchase of the assets related to management contracts are capitalized as incurred and comprise the management contracts asset. This asset was $80.6 million as of the end of fiscal year 2020, unchanged from the end of fiscal year 2019. The Company considers the management contracts asset to be an intangible asset per Accounting Standards Codification 350 — Intangibles—Goodwill and Other. The purchase costs that comprise the management contracts asset include legal fees, shareholder vote fees, and percent of asset costs to purchase the assets related to the management contracts.