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Intangible Assets, Goodwill and Acquisitions (Tables)
12 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

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

 

 

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

Useful
Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

6-21 yrs.

 

$

723.1

 

 

$

(550.5

)

 

$

694.9

 

 

$

(499.8

)

Trademarks

 

12 yrs.

 

 

3.8

 

 

 

(2.6

)

 

 

3.8

 

 

 

(2.3

)

Non-compete agreements

 

5 yrs.

 

 

2.7

 

 

 

(2.2

)

 

 

2.7

 

 

 

(1.7

)

Total intangible assets

 

 

 

$

729.6

 

 

$

(555.3

)

 

$

701.4

 

 

$

(503.8

)

 

Schedule of Future Amortization Expense

Amortization expense is anticipated to be as follows in future years:

 

Fiscal Year Ended September 30,

 

 

 

2023

 

$

44.2

 

2024

 

 

35.4

 

2025

 

 

29.1

 

2026

 

 

21.7

 

2027

 

 

14.9

 

2028 and thereafter

 

 

29.0

 

 

 

$

174.3

 

 

Summary of Goodwill

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

 

 

34.7

 

 

 

23.3

 

 

 

58.0

 

Balance, September 30, 2022

 

$

1,792.7

 

 

$

216.1

 

 

$

2,008.8

 

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