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

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

 

 

 

Total

 

Balance as of September 30, 2024

 

$

296,858

 

Effect of foreign currency translation

 

 

(7,972

)

Balance as of December 31, 2024

 

$

288,886

 

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):

 

 

 

December 31, 2024

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted Average
Remaining Life
(Years)

 

Customer relationships

 

$

106,043

 

 

$

(104,984

)

 

$

1,059

 

 

 

0.2

 

Technology and patents

 

 

89,013

 

 

 

(89,013

)

 

 

-

 

 

 

-

 

Total

 

$

195,056

 

 

$

(193,997

)

 

$

1,059

 

 

 

 

 

 

September 30, 2024

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted Average
Remaining Life
(Years)

 

Customer relationships

 

$

108,659

 

 

$

(106,953

)

 

$

1,706

 

 

 

0.5

 

Technology and patents

 

 

90,042

 

 

 

(90,042

)

 

 

-

 

 

 

-

 

Total

 

$

198,701

 

 

$

(196,995

)

 

$

1,706