We account for acquisitions in accordance with FASB ASC 805, “Business Combinations” (“ASC 805”), and goodwill in accordance with ASC 350, “Intangibles — Goodwill and Other” (“ASC 350”). For business combinations, the excess of the purchase price over the estimated fair value of net assets acquired in a business combination is recorded as goodwill.

In total, current and previous acquisitions have resulted in goodwill and other intangible assets of $560.4 million and $562.3 million as of March 31, 2026 and September 30, 2025, respectively. As a result of the declining performance of the product manufacturing reporting unit and segment the Company recognized a non-cash, pre-tax goodwill impairment charge of $69.1 million related to the product manufacturing reporting unit and segment in fiscal year 2025. In accordance with ASC 350, we test goodwill for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Our annual impairment test is performed during the fourth fiscal quarter. If the carrying amount of a reporting unit’s goodwill exceeds its fair value, we recognize an impairment loss in accordance with ASC 350. As of March 31, 2026, and based upon our most recent analysis performed as of September 30, 2025, we determined through our qualitative assessment that it is not “more likely than not” that the fair values of our reporting units are less than their carrying values. As a result, we did not perform a quantitative goodwill impairment test as of March 31, 2026.

The following table sets forth the changes in carrying amount of goodwill by reportable segment during the six months ended March 31, 2026:


	Retail Operations			Product Manufacturing		Total
	(Amounts in thousands)
Balance as of September 30, 2025	$	526,931		$	-	$	526,931
Goodwill acquired		—			—		—
Foreign currency translation		(1,281	)		—		(1,281	)
Balance as of March 31, 2026	$	525,650		$	-	$	525,650