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Intangible Assets
12 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

 

9. Intangible Assets

 

Intangible assets consist of the following (in thousands):

 

 

 

Useful Life

 

September 30,
2021

 

 

September 30,
2020

 

Customer lists

 

6-10 years

 

$

1,609

 

 

$

1,219

 

Trade names

 

3-15 years

 

 

879

 

 

 

869

 

 

 

 

 

 

2,488

 

 

 

2,088

 

Accumulated Amortization

 

 

 

 

(1,630

)

 

 

(1,479

)

Intangible assets, net

 

 

 

$

858

 

 

$

609

 

 

During 2021, we periodically assessed whether any indicators of impairment existed related to our intangible assets. As of each interim period end during fiscal 2021, we concluded that a triggering event had not occurred that would more likely than not reduce the fair value of intangible assets below their carrying value.

 

Amortization expense related to intangible assets at our continuing operations was $0.2 million, $0.3 million and $0.3 million in 2021, 2020 and 2019, respectively. Future amortization expense for the remaining unamortized balance as of September 30, 2021 is estimated as follows, in thousands:

 

Years Ending September 30,

 

Amortization
Expense

 

2022

 

$

100

 

2023

 

 

100

 

2024

 

 

98

 

2025

 

 

97

 

2026

 

 

97

 

Thereafter

 

 

366

 

Total

 

$

858