Goodwill and Other Identifiable Intangible Assets

12 Months Ended

Sep. 30, 2020

Goodwill and Other Identifiable Intangible Assets [Abstract]

Goodwill and Other Identifiable Intangible Assets

8. Goodwill and Other Identifiable Intangible Assets

Our acquisitions have resulted in the recording of goodwill and other identifiable intangible assets. Goodwill is an asset representing operational synergies and future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Identifiable intangible assets consist of trade names related to the acquisitions the Company has completed. There were no acquisitions for the year ended September 30, 2020. The changes in goodwill and identifiable intangible assets for the year ended September 30, 2019 are as follows:

($ in thousands)	Goodwill
Balance as of September 30, 2018	$	96,180
Goodwill acquisitions during the year		16,879
Balance as of September 30, 2019		113,059
Goodwill acquisitions/divestitures during the year		-
Balance as of September 30, 2020	$	113,059

($ in thousands)	Identifiable Intangible Assets
Balance as of September 30, 2018	$	47,732
Identifiable intangible assets acquisitions during the year		13,572
Balance as of September 30, 2019		61,304
Identifiable intangible assets acquisitions/divestitures during the year		-
Balance as of September 30, 2020	$	61,304

See Note 2 for more information about our annual impairment tests of goodwill and identifiable intangible assets.