v3.24.3
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in carrying amounts of goodwill

The changes in the carrying amounts of goodwill during the fiscal years 2024 and 2023 are as follows (in thousands):

 

SBS

 

 

BSG

 

 

Total

 

Balance at September 30, 2022

 

$

69,560

 

 

$

456,506

 

 

 

526,066

 

Acquisitions (a)

 

 

—

 

 

 

998

 

 

 

998

 

Foreign currency translation

 

 

5,744

 

 

 

273

 

 

 

6,017

 

Balance at September 30, 2023

 

$

75,304

 

 

$

457,777

 

 

$

533,081

 

Acquisitions (a)

 

 

—

 

 

 

282

 

 

 

282

 

Adjustments (b)

 

 

—

 

 

 

(381

)

 

 

(381

)

Foreign currency translation

 

 

5,120

 

 

 

164

 

 

 

5,284

 

Balance at September 30, 2024

 

$

80,424

 

 

$

457,842

 

 

$

538,266

 
(a)
See Note 13, Acquisitions, for additional information regarding goodwill acquired during the fiscal year.
(b)
Measurement period adjustment of the prior year acquisition.
Schedule of other intangible assets, excluding goodwill

The following table reflects our other intangible assets, excluding goodwill, on our consolidated balance sheets. Once an intangible becomes fully amortized, the original cost and accumulated amortization is removed in the subsequent period. As of September 30, 2024 and 2023, we had the following (in thousands):

 

 

September 30, 2024

 

 

September 30, 2023

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Definite-lived Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution rights (a)

 

$

22,508

 

 

$

(9,273

)

 

$

13,235

 

 

$

16,250

 

 

$

(7,747

)

 

$

8,503

 

Customer relationships

 

 

22,024

 

 

 

(20,820

)

 

 

1,204

 

 

 

22,007

 

 

 

(19,768

)

 

 

2,239

 

Other intangible assets

 

 

4,567

 

 

 

(3,668

)

 

 

899

 

 

 

4,381

 

 

 

(3,072

)

 

 

1,309

 

Total definite-lived intangible assets

 

 

49,099

 

 

 

(33,761

)

 

 

15,338

 

 

 

42,638

 

 

 

(30,587

)

 

 

12,051

 

Indefinite-lived Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

44,622

 

 

 

—

 

 

 

44,622

 

 

 

43,120

 

 

 

—

 

 

 

43,120

 

Total intangible assets, excluding
   goodwill, net

 

$

93,721

 

 

$

(33,761

)

 

$

59,960

 

 

$

85,758

 

 

$

(30,587

)

 

$

55,171

 
(a)
See Note 13, Acquisitions, for additional information regarding distribution rights recorded during the fiscal year.
Schedule of expected future amortization expense related to definite-lived intangible assets

As of September 30, 2024, the expected future amortization expense related to definite-lived intangible assets is as follows (in thousands):

Fiscal Year:

 

 

 

2025

 

$

3,360

 

2026

 

 

2,296

 

2027

 

 

1,824

 

2028

 

 

1,320

 

2029

 

 

1,223

 

Thereafter

 

 

5,315

 

 

 

$

15,338