GOODWILL AND INTANGIBLE ASSETS (Tables)
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12 Months Ended |
Sep. 30, 2022 |
GOODWILL AND INTANGIBLE ASSETS |
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Schedule of changes in goodwill |
The following table provides a rollforward of the Company’s goodwill for fiscal years ended September 30, 2022 and 2021: | | | | Balance as of October 1, 2020 | | $ | 4,368 | Acquisition of HistoTox Labs | | | 9,129 | Acquisition of Bolder BioPATH | | | 36,223 | Acquisition of Gateway Laboratories | | | 2,207 | Balance as of September 30, 2021 | | $ | 51,927 | Acquisitions - DSA1 | | | 39,531 | Acquisitions - RMS2 | | | 302,346 | Impairment - RMS3 | | | (236,005) | Foreign exchange impact - RMS | | | 26 | Balance as of September 30, 2022 | | $ | 157,825 | 1 Goodwill for DSA acquisitions relates to the 2022 acquisitions and immaterial measurement period adjustments for 2021 acquisitions, as disclosed in Note 3 - Business Combinations | 2 Goodwill for RMS acquisitions relates to the 2022 acquisitions, as disclosed in Note 3 - Business Combinations | 3 Accumulated impairment loss for RMS is $(235,853), including $(236,005) for the goodwill impairment charge offset by $152 of foreign exchange impact |
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Schedule of intangible assets |
| | | | | | | | | | | | September 30, 2022 | | | Carrying | | Accumulated | | Carrying | | | Amount, Gross | | Amortization | | Amount, Net | Customer relationships | | $ | 318,896 | | $ | (26,990) | | $ | 291,906 | Intellectual property | | | 56,997 | | | (5,767) | | | 51,230 | Non-compete agreements | | | 2,410 | | | (872) | | | 1,538 | Other | | | 2,396 | | | (1,184) | | | 1,212 | | | $ | 380,699 | | $ | (34,813) | | $ | 345,886 | | | | | | | | | | | | | | | | | | | | | | | September 30, 2021 | | | Carrying | | Accumulated | | Carrying | | | Amount, Gross | | Amortization | | Amount, Net | Customer relationships | | $ | 23,659 | | $ | (2,462) | | $ | 21,197 | Intellectual property | | | 315 | | | (312) | | | 3 | Non-compete agreements | | | 2,100 | | | (397) | | | 1,703 | Other | | | 2,206 | | | (876) | | | 1,330 | | | $ | 28,280 | | $ | (4,047) | | $ | 24,233 |
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Schedule of future amortization of intangible assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | RUL1 (in years) | | 2023 | | 2024 | | 2025 | | 2026 | | 2027 | | Thereafter | | Totals | Customer relationships | | 9.1 | | $ | 28,039 | | $ | 28,039 | | $ | 28,039 | | $ | 27,977 | | $ | 27,792 | | $ | 152,021 | | $ | 291,906 | Intellectual property | | 1.2 | | | 6,518 | | | 6,517 | | | 6,517 | | | 6,517 | | | 6,517 | | | 18,643 | | | 51,230 | Non-compete agreements | | 0.0 | | | 455 | | | 409 | | | 400 | | | 258 | | | 15 | | | — | | | 1,538 | Other | | 0.0 | | | 109 | | | 109 | | | 109 | | | 109 | | | 109 | | | 668 | | | 1,212 | Total | | 10.3 | | $ | 35,121 | | $ | 35,074 | | $ | 35,065 | | $ | 34,861 | | $ | 34,433 | | $ | 171,332 | | $ | 345,886 | 1RUL (in years) represents the weighted average remaining useful life |
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