Note 6 - Goodwill and Intangible Assets

6 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

6. Goodwill and Intangible Assets

The Company conducts an impairment assessment annually on April 1, or more frequently if impairment indicators are present. Changes to the Company’s operating segments effective October 1, 2023 resulted in a change to the Company’s reporting units, which are aligned to the Company’s operating and reportable segments (as further described below in Note 15, Segment and Geographic Information).  ​

The following table sets forth the changes in the carrying amount of goodwill by operating and reportable segment since September 30, 2024 (in thousands). 

	Sample
	Management
	Solutions			Multiomics		Total
Balance - October 1, 2024	$	494,649		$	196,760	$	691,409
Currency translation adjustments		(8,454	)		—		(8,454	)
Balance - March 31, 2025	$	486,195		$	196,760	$	682,955

The components of the Company’s identifiable intangible assets as of March 31, 2025 and  September 30, 2024 are as follows (in thousands): 

	March 31, 2025						September 30, 2024
			Accumulated		Net Book				Accumulated		Net Book
	Cost		Amortization		Value		Cost		Amortization		Value
Patents	$	1,220	$	1,220	$	—	$	1,227	$	1,227	$	—
Completed technology		108,265		58,448		49,817		109,949		55,191		54,758
Trademarks and trade names		715		240		475		726		195		531
Customer relationships		245,330		184,420		60,910		248,036		178,283		69,753
Total	$	355,530	$	244,328	$	111,202	$	359,938	$	234,896	$	125,042

Amortization expenses for intangible assets were $6.1 million and $7.2 million, respectively, for the three months ended March 31, 2025 and 2024. Amortization expenses for intangible assets were $12.2 million and $14.4 million, respectively, for the six months ended March 31, 2025 and 2024.

Estimated future amortization expense for the intangible assets for the remainder of fiscal year 2025 and the subsequent five fiscal years are as follows (in thousands):

Remainder of fiscal year 2025	$	12,268
2026		21,889
2027		17,482
2028		14,632
2029		12,025
2030		10,467