GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company had a goodwill balance of $134.7 million at June 30, 2025, representing the excess of costs over fair value of assets of businesses acquired. The following table summarizes changes in the balance of goodwill during the nine months ended June 30, 2025 (amounts shown in thousands):

Balance at September 30, 2024	$	131,574
Foreign currency effect on goodwill	3,109
Balance at June 30, 2025	$	134,683

There was no impairment loss recognized related to goodwill in the nine months ended June 30, 2025 or 2024.

Intangible Assets

Intangible assets include the value assigned to purchased completed technology, customer relationships, trade names and covenants not to compete. The estimated useful lives for all of these intangible assets range from three to seven years and they are amortized on a straight-line basis. Intangible assets as of June 30, 2025 and September 30, 2024, respectively, are summarized as

follows (amounts in thousands, except for years):

June 30, 2025:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	7.0	$	90,695	$	50,939	$	39,756
Customer relationships	5.0	5,185		3,390		1,795
Trade names	5.0	6,695		4,438		2,257
Covenants not to compete	3.0	622		622		—
Total intangible assets		$	103,197	$	59,389	$	43,808

September 30, 2024:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	7.0	$	88,435	$	40,104	$	48,331
Customer relationships	5.0	5,000		2,483		2,517
Trade names	5.0	6,470		3,278		3,192
Covenants not to compete	3.0	600		503		97
Total intangible assets		$	100,505	$	46,368	$	54,137

Amortization expense related to acquired intangible assets was $3.6 million and $3.7 million during the three months ended June 30, 2025 and 2024, respectively, and $10.8 million and $11.4 million during the nine months ended June 30, 2025 and 2024, respectively. During the nine months ended June 30, 2025, foreign exchange translation had a favorable impact of $2.7 million on intangible assets. Amortization expense related to acquired intangible assets is recorded within amortization and acquisition-related costs on the condensed consolidated statements of operations and comprehensive income (loss). There were no impairment losses recognized related to intangible assets in the three or nine months ended June 30, 2025 or 2024.

The estimated future amortization expense related to intangible assets is expected to be as follows (amounts in thousands):

Fiscal Period:	Estimated Future Amortization Expense
Remainder of 2025	$	3,368
2026	13,448
2027	12,206
2028	10,409
2029	4,377
Total	$	43,808