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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the six months ended March 31, 2024 are as follows (dollars in thousands):

 

 

 

Total

 

Balance as of September 30, 2023

 

$

900,342

 

Goodwill impairment

 

 

(252,096

)

Effect of foreign currency translation

 

 

2,377

 

Balance as of March 31, 2024

 

$

650,623

 

Summary of Gross Carrying Amounts and Accumulated Amortization of Intangible Assets by Major Class

The following tables summarizes the gross carrying amounts and accumulated amortization of intangible assets by major class (dollars in thousands):

 

 

 

March 31, 2024

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted Average
Remaining Life
(Years)

 

Customer relationships

 

$

107,417

 

 

$

(104,667

)

 

$

2,750

 

 

 

1.0

 

Technology and patents

 

 

89,663

 

 

 

(89,663

)

 

 

-

 

 

 

-

 

Total

 

$

197,080

 

 

$

(194,330

)

 

$

2,750

 

 

 

 

 

 

September 30, 2023

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted Average
Remaining Life
(Years)

 

Customer relationships

 

$

106,713

 

 

$

(102,942

)

 

$

3,771

 

 

 

1.5

 

Technology and patents

 

 

89,431

 

 

 

(89,327

)

 

 

104

 

 

 

0.2

 

Total

 

$

196,144

 

 

$

(192,269

)

 

$

3,875