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Intangible Assets, Goodwill and Acquisitions (Tables)
6 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets as of March 31, 2022 and September 30, 2021 consisted of the following:

 

 

 

 

 

March 31, 2022

 

 

September 30, 2021

 

 

 

Estimated
Useful Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

6-21 yrs.

 

$

711.7

 

 

$

(524.8

)

 

$

694.9

 

 

$

(499.8

)

Trademarks

 

12 yrs.

 

 

3.8

 

 

 

(2.5

)

 

 

3.8

 

 

 

(2.3

)

Non-compete agreements

 

5 yrs.

 

 

2.7

 

 

 

(1.9

)

 

 

2.7

 

 

 

(1.7

)

Total intangible assets

 

 

 

$

718.2

 

 

$

(529.2

)

 

$

701.4

 

 

$

(503.8

)

 

Summary of Goodwill

The following is a summary of the goodwill activity for the periods ended September 30, 2021 and March 31, 2022:

 

 

 

Maintenance
Services

 

 

Development
Services

 

 

Total

 

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

 

Acquisitions (1)

 

 

30.1

 

 

 

36.9

 

 

 

67.0

 

Balance, March 31, 2022

 

$

1,788.1

 

 

$

229.7

 

 

$

2,017.8

 

(1)
The acquisitions adjustment includes the immaterial impact of foreign currency adjustments during the period.