GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Sep. 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 $133.5 million and $131.6 million at September 30, 2025 and 2024, respectively, representing the excess of costs over the fair value of assets of businesses acquired. The following table summarizes changes in the balance of goodwill (amounts in thousands):

Balance at September 30, 2023	$	123,548
Foreign currency effect on goodwill	8,026
Balance at September 30, 2024	131,574
Foreign currency effect on goodwill	1,883
Balance at September 30, 2025	$	133,457

There was no impairment loss recognized related to goodwill in the twelve months ended September 30, 2025, 2024, or 2023.

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 September 30, 2025 and 2024 are summarized as follows (amounts in thousands, except for years):

September 30, 2025:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	7.0	$	76,524	$	40,120	$	36,404
Customer relationships	5.0	5,090		3,583		1,507
Trade names	5.0	6,580		4,692		1,888
Total intangible assets		$	88,194	$	48,395	$	39,799

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 $14.1 million, $15.2 million, and $17.0 million for the twelve months ended September 30, 2025, 2024, and 2023, respectively, and is recorded within amortization and acquisition-related costs on the consolidated statements of operations and comprehensive income (loss). There were no impairment losses recognized related to intangible assets in the twelve months ended September 30, 2025, 2024, and 2023.

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows (amounts in thousands):

Fiscal Year:	Estimated Future Amortization Expense
2026	$	13,240
2027	12,019
2028	10,243
2029	4,297
Total	$	39,799