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Goodwill and Intangible Assets (Tables)
9 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

The Company’s intangible assets, net consists of the following, in thousands:

 

 

 

 

 

June 30,

 

 

September 30,

 

 

 

Amortization Period

 

2025

 

 

2024

 

Backlog

 

1 year

 

$

2,100

 

 

$

2,100

 

Customer relationships

 

6-10 years

 

 

4,409

 

 

 

4,409

 

Developed technology

 

1.75 years

 

 

6,700

 

 

 

6,700

 

Noncompetition agreements

 

5 years

 

 

200

 

 

 

200

 

Trade names

 

3-15 years

 

 

2,679

 

 

 

2,679

 

 

 

 

 

 

16,088

 

 

 

16,088

 

Accumulated amortization

 

 

 

 

(5,916

)

 

 

(5,616

)

Less asset impairments:

 

 

 

 

 

 

 

 

   Backlog

 

 

 

 

(425

)

 

 

(425

)

   Customer relationships

 

 

 

 

(2,111

)

 

 

(339

)

   Developed technology

 

 

 

 

(5,494

)

 

 

(5,494

)

   Noncompetition agreements

 

 

 

 

(160

)

 

 

(160

)

   Trade names

 

 

 

 

(847

)

 

 

(50

)

Intangible assets, net

 

 

$

1,135

 

 

$

4,004

 

Schedule of Future Amortization Expense

The estimated aggregate amortization expense for each of the five succeeding fiscal years as of June 30, 2025 is as follows, in thousands:

 

Year ending September 30:

 

Amount

 

2025

 

$

44

 

2026

 

 

177

 

2027

 

 

177

 

2028

 

 

177

 

2029

 

 

177

 

Thereafter

 

 

383

 

Total

 

$

1,135

 

 

Schedule of Goodwill

The Company evaluates goodwill at the reporting unit level, which, for the Company, is at the level of the reportable segments, Thermal Processing Solutions and Semiconductor Fabrication Solutions. The changes in carrying amount of goodwill allocated to each of the reporting units for the nine months ended June 30, 2025 is as follows, in thousands:

 

 

 

Thermal Processing Solutions

 

 

Semiconductor Fabrication Solutions

 

 

Total Goodwill

 

Goodwill

 

$

5,905

 

 

$

21,726

 

 

$

27,631

 

Accumulated impairment losses

 

 

 

 

 

(6,370

)

 

 

(6,370

)

Balance at September 30, 2024

 

 

5,905

 

 

 

15,356

 

 

 

21,261

 

Goodwill acquired

 

 

 

 

 

 

 

 

 

Impairment of goodwill

 

 

(4,997

)

 

 

(15,356

)

 

 

(20,353

)

Balance at June 30, 2025

 

$

908

 

 

$

 

 

$

908

 

Goodwill

 

$

5,905

 

 

$

15,356

 

 

$

21,261

 

Accumulated impairment losses

 

 

(4,997

)

 

 

(15,356

)

 

 

(20,353

)

Balance at June 30, 2025

 

$

908

 

 

$

 

 

$

908