Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:


	Merchant Services		Proprietary Software and Payments		Other		Total
Balance at September 30, 2020 (net of accumulated impairment losses of $11,458, $0 and $0, respectively)	$	115,982	$	71,023	$	—	$	187,005
Goodwill attributable to preliminary purchase price adjustments and acquisition activity during the three months ended December 31, 2020	2,892		30,015		—		32,907
Balance at December 31, 2020	$	118,874	$	101,038	$	—	$	219,912

Intangible assets consisted of the following as of December 31, 2020:


	Cost		Accumulated Amortization		Carrying Value		Amortization Life and Method
Finite-lived intangible assets:
Merchant relationships	$	179,421	$	(56,110)	$	123,311	12 to 20 years – accelerated or straight-line
Non-compete agreements	2,492		(992)		1,500		2 to 5 years – straight-line
Website and brand development costs	223		(80)		143		3 to 4 years – straight-line
Trade names	5,180		(1,805)		3,375		3 to 7 years – straight-line
Residual buyouts	4,899		(869)		4,030		2 to 8 years – straight-line
Referral and exclusivity agreements	900		(477)		423		5 to 10 years – straight-line
Total finite-lived intangible assets	193,115		(60,333)		132,782

Indefinite-lived intangible assets:
Trademarks	42		—		42
Total identifiable intangible assets	$	193,157	$	(60,333)	$	132,824

Amortization expense for intangible assets amounted to $3,360 and $3,194 during the three months ended December 31, 2020 and 2019, respectively.

Based on net carrying amounts at December 31, 2020, the Company's estimate of future amortization expense for intangible assets are presented in the table below for fiscal years ending September 30:


2021 (nine months remaining)	$	10,059
2022	12,379
2023	11,306
2024	10,283
2025	10,056
Thereafter	78,699
	$	132,782