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Goodwill and Other Intangible Assets
12 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

11) Goodwill and Other Intangible Assets

Goodwill

A summary of changes in the Company’s goodwill during the fiscal years ended September 30, 2020 and 2019 are as follows (in thousands):

 

Balance as of September 30, 2018

 

$

228,436

 

Fiscal year 2019 business combinations

 

 

16,138

 

Balance as of September 30, 2019

 

 

244,574

 

Fiscal year 2020 business combinations

 

184

 

Goodwill included within assets held for sale

 

 

(4,431

)

Balance as of September 30, 2020

 

$

240,327

 

Intangibles, net

Intangible assets subject to amortization consist of the following (in thousands):

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accum.

 

 

 

 

 

 

Carrying

 

 

Accum.

 

 

 

 

 

 

 

Amount

 

 

Amortization

 

 

Net

 

 

Amount

 

 

Amortization

 

 

Net

 

Customer lists

 

$

382,942

 

 

$

312,928

 

 

$

70,014

 

 

$

382,373

 

 

$

297,221

 

 

$

85,152

 

Trade names and other intangibles

 

 

37,382

 

 

 

17,103

 

 

 

20,279

 

 

 

37,739

 

 

 

15,203

 

 

 

22,536

 

Total

 

$

420,324

 

 

$

330,031

 

 

$

90,293

 

 

$

420,112

 

 

$

312,424

 

 

$

107,688

 

 

Amortization expense for intangible assets was $19.6 million, $19.4 million, and $19.6 million, for the fiscal years ended September 30, 2020, 2019, and 2018, respectively. Total estimated annual amortization expense related to intangible assets subject to amortization, for the year ended September 30, 2021 and the four succeeding fiscal years ended September 30, is as follows (in thousands):

 

 

 

Amount

 

2021

 

$

17,376

 

2022

 

$

15,318

 

2023

 

$

13,705

 

2024

 

$

11,351

 

2025

 

$

9,076