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Goodwill and Intangible Assets
 3 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and 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 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, 2023336,602 149,921 4,419 52,114 2,387 3,483 212,324 
Acquisitions during the three months ended December 31, 2023— — — — — 428 428 
Accumulated amortization for the three months ended December 31, 2023— — (51)(1,137)(159)(232)(1,579)
Net balance as of December 31, 2023$336,602 $149,921 $4,368 $50,977 $2,228 $3,679 $211,173 
Amortization expense was $1.6 million and $3.3 million for the three months ended December 31, 2023 and 2022, respectively, and is recorded in depreciation and amortization expense in the unaudited condensed consolidated statements of operations. For internally developed software acquisitions during the three months ended December 31, 2023, the weighted average useful life is 3.8 years.
The following table summarizes the expected amortization expense for fiscal years 2024 through 2028 and thereafter ($ in thousands):
2024 (excluding the three months ended December 31, 2023)$6,207 
20258,276 
20268,276 
20278,033 
20286,638 
Thereafter23,822 
$61,252 
As of December 31, 2023 and September 30, 2023, the carrying value of goodwill totaled approximately $336.6 million, of which $295.3 million was related to our Dealerships reporting segment and $41.3 million was related to our Distribution reporting segment.