Quarterly report pursuant to Section 13 or 15(d)

Intangibles

Intangibles

9 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The following table details the Company's intangibles as of June 30, 2024 and September 30, 2023 (in $000's):


	June 30, 2024		September 30, 2023
Intangible assets, net:
Intangible assets - Tradenames	$	15,356	$	14,940
Intangible assets - Customer relationships	14,799		13,874
Intangible assets - Other	4,330		2,316
	34,485		31,130
Less: Accumulated amortization	(8,126)		(4,562)
Total intangibles, net	$	26,359	$	26,568

Amortization expense was $1.2 million and approximately $1.0 million for the three months ended June 30, 2024 and 2023, respectively, and $3.7 million and $2.2 million for the nine months ended June 30, 2024 and 2023, respectively.

The following table summarizes estimated future amortization expense related to intangible assets that have net balances (in $000’s):


Twelve months ending June 30,
2025	$	5,023
2026	5,023
2027	4,925
2028	4,736
2029	3,990
Thereafter	2,662
	$	26,359

In connection with the disposition of Johnson’s assets and liabilities (see note 3), during the three months ended June 30, 2024, the Company derecognized customer relationships in the amount of approximately $1.2 million and other intangibles in the amount of approximately $0.3 million.