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Goodwill and Other Identifiable Intangible Assets
 9 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Identifiable Intangible Assets 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. Intangible assets consist of internally developed software, domain names and other identifiable intangible assets such as trade names, developed technologies, including design libraries, and customer relationships related to the acquisitions the Company has completed. The changes in goodwill and identifiable intangible assets are as follows:
GoodwillTrade NamesDeveloped TechnologiesCustomer RelationshipsDomain NamesInternally Developed
Software		Total
Intangible
Assets, net
($ in thousands)UnamortizedUnamortizedAmortizedAmortizedAmortizedAmortized
Net balance as of September 30, 2022378,588 186,779 14,274 101,230 1,970 2,218 306,471 
Acquisitions during the nine months ended June 30, 202318,480 8,800 - - 815 652 10,267 
Other adjustments during the nine months ended June 30, 2023401 - - - - - - 
Accumulated amortization for the nine months ended June 30, 2023- - (1,159)(8,062)(359)(382)(9,962)
Net balance as of June 30, 2023$397,469 $195,579 $13,115 $93,168 $2,426 $2,488 $306,776 
Amortization expense was $3.4 million and $10.0 million for the three and nine months ended June 30, 2023, and is recorded in depreciation and amortization expense in the unaudited condensed consolidated statements of operations. Amortization expense was $2.1 million and $4.7 million for the three and nine months ended June 30, 2022. For acquisitions during the nine months ended June 30, 2023, the weighted average useful life of total intangible assets is 4.4 years with the weighted average useful life of acquisitions for domain names and internally developed software being 4.3 and 4.5 years, respectively.
The following table summarizes the expected amortization expense for fiscal years 2023 through 2027 and thereafter ($ in thousands):
2023 (excluding the nine months ended June 30, 2023)$3,376 
202413,506 
202513,506 
202613,506 
202713,271 
Thereafter54,032 
$111,197 
As of June 30, 2023, the carrying value of goodwill totaled $397.5 million, of which $298.5 million was related to our Dealerships reporting segment and $99.0 million was related to our Distribution reporting segment. As of September 30, 2022, the carrying value of goodwill totaled approximately $378.6 million, of which $280.0 million was related to our Dealerships reporting segment and $98.6 million was related to our Distribution reporting segment.