Goodwill and Intangible Assets (Tables)

9 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

As of June 30, 2023, the Company’s intangible assets, net consists of the following, in thousands:

	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Noncompetition agreements	5.0 years	$	200	$	(20	)	$	180
Backlog	1.0 year		2,100		(1,050	)		1,050
Trade names	3.0-15.0 years		2,679		(585	)		2,094
Developed technology	5.0 years		6,700		(670	)		6,030
Customer relationships	6.0-10.0 years		4,409		(1,450	)		2,959
Total intangible assets	6.6 years	$	16,088	$	(3,775	)	$	12,313

As of September 30, 2022, the Company’s intangible assets, net consists of the following, in thousands:

	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	6.0-10.0 years	$	1,609	$	(1,280	)	$	329
Trade names	3.0-15.0 years		879		(450	)		429
Total intangible assets	9.8 years	$	2,488	$	(1,730	)	$	758

Schedule of Future Amortization Expense

The estimated aggregate amortization expense for each of the five succeeding fiscal years as of June 30, 2023 is as follows, thousands:

Year ending September 30:	Amount
2023	$	1,010
2024		2,463
2025		1,937
2026		1,937
2027		1,937
Thereafter		3,029
Total	$	12,313

Schedule of Goodwill

The Company evaluates goodwill at the reporting unit level, which, for the Company, is at the level of the reportable segments, semiconductor, material and substrate. The changes in carrying amount of goodwill allocated to each of the reporting units for the nine months ended June 30, 2023 is as follows, in thousands:

	Semiconductor		Material and Substrate		Total Goodwill
Goodwill	$	5,905	$	5,263	$	11,168
Accumulated impairment losses		—		—		—
Balance at September 30, 2022		5,905		5,263		11,168
Goodwill acquired during 2023		—		17,854		17,854
Impairment of goodwill during 2023		—		—		—
Balance at June 30, 2023	$	5,905	$	23,117	$	29,022
Goodwill	$	5,905	$	23,117	$	29,022
Accumulated impairment losses		—		—		—
Balance at June 30, 2023	$	5,905	$	23,117	$	29,022