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Intangible Assets, Goodwill, Acquisitions and Divestitures (Tables)
12 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets as of September 30, 2020 and September 30, 2019 consisted of the following:

 

 

 

 

 

September 30, 2020

 

 

September 30, 2019

 

 

 

Useful

Life

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

Customer relationships

 

6-21 yrs.

 

$

666.3

 

 

$

(448.3

)

 

$

639.6

 

 

$

(393.3

)

Trademarks

 

4-12 yrs.

 

 

3.8

 

 

 

(2.0

)

 

 

4.8

 

 

 

(1.7

)

Non-compete agreements

 

5 yrs.

 

 

2.7

 

 

 

(1.2

)

 

 

2.7

 

 

 

(0.6

)

Total intangible assets

 

 

 

$

672.8

 

 

$

(451.5

)

 

$

647.1

 

 

$

(395.6

)

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

 

Fiscal Year Ended September 30,

 

 

 

 

2021

 

$

46.9

 

2022

 

 

40.5

 

2023

 

 

33.6

 

2024

 

 

26.8

 

2025

 

 

22.1

 

2026 and thereafter

 

 

51.4

 

 

 

$

221.3

 

 

Summary of Goodwill

The following is a summary of the goodwill activity for the periods ended September 30, 2019 and September 30, 2020:

 

 

 

Maintenance

Services

 

 

Development

Services

 

 

Total

 

Balance, September 30, 2018

 

$

1,572.4

 

 

$

194.4

 

 

$

1,766.8

 

Acquisitions

 

 

43.6

 

 

 

 

 

 

43.6

 

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