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INTANGIBLE ASSETS
3 Months Ended
Dec. 31, 2023
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
4.
INTANGIBLE ASSETS
 
A summary of intangible assets and the estimated useful lives used in the computation of amortization is as follows (in thousands):

   
December 31,
2023
   
September 30,
2023
 
Life
Customer relationships
 
$
25,238
   
$
25,238
 
10-24 Years
Trademarks/names
   
4,559
     
4,559
 
1-20 Years
Trademarks/names
   
521
     
521
 
Indefinite
Other
   
1,929
     
1,929
 
2-22 Years
Total intangible assets    
32,247
     
32,247
   
Less: accumulated amortization
   
(10,102
)
   
(9,564
)
 
Total intangible assets, net
 
$
22,145
   
$
22,683
   

The composition of the intangible assets balance at December 31, 2023 and September 30, 2023 is as follows (in thousands):

   
December 31,
2023
   
September 30,
2023
 
Logistics
 
$
18,174
   
$
18,174
 
Life Sciences     6,373       6,373  
Manufacturing
   
7,700
     
7,700
 
Total intangible assets    
32,247
     
32,247
 
Less: accumulated amortization
   
(10,102
)
   
(9,564
)
Total intangible assets, net
 
$
22,145
   
$
22,683
 

Amortization expense for the three months ended December 31, 2023 and 2022 was $538 and $526, respectively.