Goodwill and Intangible Assets

6 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:


	Merchant Services		Proprietary Software and Payments		Other		Total
Balance at September 30, 2019 (net of accumulated impairment losses of $11,458, $0 and $0, respectively)	$	108,472	$	59,812	$	—	$	168,284
Goodwill attributable to acquisition preliminary purchase price adjustments during the six months ended March 31, 2020	(933)		(297)		—		(1,230)
Balance at March 31, 2020	$	107,539	$	59,515	$	—	$	167,054

Intangible assets consisted of the following as of March 31, 2020:


	Cost		Accumulated Amortization		Carrying Value		Amortization Life and Method
Finite-lived intangible assets:
Merchant relationships	$	142,671	$	(48,533)	$	94,138	12 to 20 years – accelerated or straight-line
Non-compete agreements	1,720		(768)		952		2 to 5 years – straight-line
Website and brand development costs	196		(38)		158		3 to 4 years – straight-line
Trade names	4,292		(1,788)		2,504		2 to 7 years – straight-line
Residual buyouts	5,794		(1,296)		4,498		2 to 8 years – straight-line
Referral and exclusivity agreements	900		(349)		551		5 to 10 years – straight-line
Total finite-lived intangible assets	155,573		(52,772)		102,801

Indefinite-lived intangible assets:
Trademarks	36		—		36
Total identifiable intangible assets	$	155,609	$	(52,772)	$	102,837

Amortization expense for intangible assets amounted to $3,088 and $6,282 during the three and six months ended March 31, 2020, respectively, and $3,019 and $5,821 during the three and six months ended March 31, 2019, respectively.

Based on net carrying amounts at March 31, 2020, the Company's estimate of future amortization expense for intangible assets are presented in the table below for fiscal years ending September 30:


2020 (six months remaining)	$	5,946
2021	10,778
2022	9,633
2023	8,583
2024	7,972
Thereafter	59,889
	$	102,801