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Other Intangible Assets
12 Months Ended
Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 12—Other Intangible Assets

 

The table below presents information on the Company's amortized intangible assets:

 

(in thousands)  Weighted
Average
Amortization
Period
  Gross
Carrying
Amount
   Accumulated
Amortization
   Net
Balance
 
July 31, 2019               
Tradename  17.0 years  $970   $(320)  $650 
Non-compete agreement  5.0 years   595    (104)   491 
Customer relationships  11.9 years   6,136    (3,081)   3,055 
TOTAL  12.0 years  $7,701   $(3,505)  $4,196 
July 31, 2018                  
Tradename  4.7 years  $398   $(173)  $225 
Customer relationships  4.8 years   3,154    (2,883)   271 
TOTAL  4.8 years  $3,552   $(3,056)  $496 

 

Amortization expense of intangible assets was $0.3 million, $0.1 million and $0.3 million in fiscal 2019, fiscal 2018 and fiscal 2017, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $0.4 million, $0.4 million, $0.3 million, $0.3 million and $0.2 million in fiscal 2020, fiscal 2021, fiscal 2022, fiscal 2023 and fiscal 2024, respectively.