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Intangible Assets, Goodwill, Acquisitions and Divestitures (Tables)
12 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets as of September 30, 2021 and September 30, 2020 consisted of the following:

 

 

 

 

 

September 30, 2021

 

 

September 30, 2020

 

 

 

Useful
Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

6-21 yrs.

 

$

694.9

 

 

$

(499.8

)

 

$

666.3

 

 

$

(448.3

)

Trademarks

 

4-12 yrs.

 

 

3.8

 

 

 

(2.3

)

 

 

3.8

 

 

 

(2.0

)

Non-compete agreements

 

5 yrs.

 

 

2.7

 

 

 

(1.7

)

 

 

2.7

 

 

 

(1.2

)

Total intangible assets

 

 

 

$

701.4

 

 

$

(503.8

)

 

$

672.8

 

 

$

(451.5

)

 

Schedule of Future Amortization Expense Amortization expense is anticipated to be as follows in future years:

 

Fiscal Year Ended September 30,

 

 

 

2022

 

$

46.3

 

2023

 

 

38.3

 

2024

 

 

30.7

 

2025

 

 

25.2

 

2026

 

 

18.5

 

2027 and thereafter

 

 

38.6

 

 

 

$

197.6

 

Summary of Goodwill

The following is a summary of the goodwill activity for the periods ended September 30, 2020 and September 30, 2021:

 

 

 

Maintenance
Services

 

 

Development
Services

 

 

Total

 

Balance, September 30, 2019

 

 

1,616.0

 

 

 

194.4

 

 

 

1,810.4

 

Acquisitions

 

 

64.4

 

 

 

 

 

 

64.4

 

Impairment Loss

 

 

 

 

 

(15.5

)

 

 

(15.5

)

Balance, September 30, 2020

 

$

1,680.4

 

 

$

178.9

 

 

$

1,859.3

 

Acquisitions

 

 

77.6

 

 

 

13.9

 

 

 

91.5

 

Balance, September 30, 2021

 

$

1,758.0

 

 

$

192.8

 

 

$

1,950.8