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Goodwill and Intangible Assets
6 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

Goodwill and acquired intangible assets consisted of the following:

(in thousands)

 

March 31, 2024

 

 

September 30, 2023

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Goodwill (not amortized)

 

 

 

 

 

 

 

$

3,446,373

 

 

 

 

 

 

 

 

$

3,358,511

 

Intangible assets with finite lives (amortized):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased software

 

$

627,704

 

 

$

415,352

 

 

$

212,352

 

 

$

615,915

 

 

$

395,109

 

 

$

220,806

 

Capitalized software

 

 

22,877

 

 

 

22,877

 

 

 

 

 

 

22,877

 

 

 

22,877

 

 

 

 

Customer lists and relationships

 

 

1,136,456

 

 

434,530

 

 

 

701,926

 

 

 

1,116,117

 

 

 

413,125

 

 

 

702,992

 

Trademarks and trade names

 

 

37,770

 

 

 

20,577

 

 

 

17,193

 

 

 

36,851

 

 

 

19,400

 

 

 

17,451

 

Other

 

 

3,896

 

 

 

3,896

 

 

 

 

 

 

3,867

 

 

 

3,867

 

 

 

 

Total intangible assets with finite lives

 

$

1,828,703

 

 

$

897,232

 

 

$

931,471

 

 

$

1,795,627

 

 

$

854,378

 

 

$

941,249

 

Total goodwill and acquired intangible assets

 

 

 

 

 

 

 

$

4,377,844

 

 

 

 

 

 

 

 

$

4,299,760

 

Changes in Goodwill were as follows:

(in thousands)

 

 

Balance, October 1, 2023

$

3,358,511

 

Acquisitions

 

77,118

 

Foreign currency translation adjustment

 

10,744

 

Balance, March 31, 2024

$

3,446,373

 

The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows:

(in thousands)

 

Three months ended

 

 

Six months ended

 

 

 

March 31,
2024

 

 

March 31,
2023

 

 

March 31,
2024

 

 

March 31,
2023

 

Amortization of acquired intangible assets

 

$

10,424

 

 

$

10,656

 

 

$

20,787

 

 

$

18,682

 

Cost of revenue

 

 

9,584

 

 

 

9,834

 

 

 

19,150

 

 

 

15,976

 

Total amortization expense

 

$

20,008

 

 

$

20,490

 

 

$

39,937

 

 

$

34,658