| Goodwill And Intangiable Assets |
GOODWILL AND INTANGIBLE ASSETS
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| Table 7.1: Changes in Goodwill by Segment |
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U.S. Federal Services |
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U.S. Services |
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Outside the U.S. |
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Total |
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(in thousands) |
| Balance as of September 30, 2020 |
$ |
381,719 |
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$ |
164,472 |
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$ |
46,938 |
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$ |
593,129 |
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| Acquisitions |
1,168,202 |
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— |
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11,741 |
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1,179,943 |
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| Foreign currency translation |
— |
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— |
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1,334 |
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1,334 |
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| Balance as of September 30, 2021 |
1,549,921 |
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164,472 |
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60,013 |
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1,774,406 |
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| Acquisitions |
9,942 |
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— |
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3,739 |
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13,681 |
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| Foreign currency translation |
— |
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— |
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(8,672) |
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(8,672) |
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| Balance as of September 30, 2022 |
$ |
1,559,863 |
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$ |
164,472 |
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$ |
55,080 |
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$ |
1,779,415 |
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There were no impairment charges to our goodwill for the years ended September 30, 2022, 2021, and 2020.
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| Table 7.2: Details of Intangible Assets, Net |
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As of September 30, |
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2022 |
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2021 |
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Cost |
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Accumulated
Amortization |
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Intangible
Assets, Net |
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Cost |
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Accumulated
Amortization |
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Intangible
Assets, Net |
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(in thousands) |
| Customer contracts and relationships |
$ |
905,285 |
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$ |
175,349 |
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$ |
729,936 |
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$ |
928,069 |
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$ |
131,081 |
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$ |
796,988 |
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| VES Provider network |
57,000 |
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6,333 |
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50,667 |
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57,000 |
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1,583 |
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55,417 |
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| Technology-based intangible assets |
31,984 |
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7,683 |
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24,301 |
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32,307 |
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5,544 |
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26,763 |
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| Trademarks and trade names |
4,466 |
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4,466 |
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— |
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4,503 |
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4,503 |
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— |
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| Total |
$ |
998,735 |
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$ |
193,831 |
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$ |
804,904 |
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$ |
1,021,879 |
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$ |
142,711 |
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$ |
879,168 |
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| Table 7.3: Details of Weighted Average Remaining Lives |
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As of September 30, 2022 |
| Customer contracts and relationships |
9.8 years |
| VES Provider network |
10.7 years |
| Technology-based intangible assets |
10.6 years |
| Weighted Average Remaining Life |
9.8 years |
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| Table 7.4: Details of Future Amortization Expense of Intangible Assets, Net |
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As of September 30, 2022 |
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(in thousands) |
| Year ended September 30, 2023 |
$ |
90,476 |
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| Year ended September 30, 2024 |
84,778 |
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| Year ended September 30, 2025 |
82,729 |
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| Year ended September 30, 2026 |
82,617 |
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| Year ended September 30, 2027 |
82,078 |
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| Thereafter |
382,226 |
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| Total |
$ |
804,904 |
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