| Intangible Assets, Net |
INTANGIBLE ASSETS, NET
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| Table 8.1: Details of Intangible Assets, Net |
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As of September 30, |
|
2021 |
|
2020 |
|
Cost |
|
Accumulated
Amortization |
|
Intangible
Assets, Net |
|
Cost |
|
Accumulated
Amortization |
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Intangible
Assets, Net |
|
(in thousands) |
| Customer contracts and relationships |
$ |
928,069 |
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|
$ |
131,081 |
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$ |
796,988 |
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$ |
235,287 |
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$ |
90,302 |
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$ |
144,985 |
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| VES Provider network |
57,000 |
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|
1,583 |
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|
55,417 |
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— |
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— |
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— |
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| Technology-based intangible assets |
32,307 |
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|
5,544 |
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26,763 |
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5,631 |
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4,723 |
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|
908 |
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| Trademarks and trade names |
4,503 |
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4,503 |
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— |
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4,479 |
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4,479 |
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— |
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| Total |
$ |
1,021,879 |
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$ |
142,711 |
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$ |
879,168 |
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$ |
245,397 |
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$ |
99,504 |
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$ |
145,893 |
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| Table 8.2: Details of Weighted Average Remaining Lives |
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As of September 30, 2021 |
| Customer contracts and relationships |
10.9 years |
| VES Provider network |
11.7 years |
| Technology-based intangible assets |
11.5 years |
| Total |
10.8 years |
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| Table 8.3: Details of Future Amortization Expense of Intangible Assets, Net |
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As of September 30, 2021 |
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(in thousands) |
| Year ended September 30, 2022 |
$ |
82,937 |
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| Year ended September 30, 2023 |
82,922 |
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| Year ended September 30, 2024 |
82,798 |
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| Year ended September 30, 2025 |
82,595 |
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| Year ended September 30, 2026 |
82,473 |
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| Thereafter |
465,443 |
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| Total (1) |
$ |
879,168 |
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(1)This table does not include any estimated future amortization expense of intangible assets associated with the Aidvantage business acquired on October 6, 2021. Refer to Footnote 22 - Subsequent Events for more details on this acquisition.
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