Other Intangible Assets

12 Months Ended

Jul. 31, 2021

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, 2021
Tradenames	13.0 years	$	2,080	$	(506	)	$	1,574
Non-compete agreements	4.9 years		680		(380	)		300
Customer relationships	11.5 years		9,462		(3,758	)		5,704
TOTAL	11.4 years	$	12,222	$	(4,644	)	$	7,578
July 31, 2020
Tradenames	16.5 years	$	1,017	$	(392	)	$	625
Non-compete agreements	4.9 years		636		(227	)		409
Customer relationships	11.2 years		6,215		(3,290	)		2,925
TOTAL	11.4 years	$	7,868	$	(3,909	)	$	3,959

Amortization expense of intangible assets was $0.7 million and $0.4 million in fiscal 2021 and fiscal 2020, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $0.9 million, $0.9 million, $0.7 million, $0.6 million, and $0.5 million in fiscal 2022, fiscal 2023, fiscal 2024, fiscal 2025, and fiscal 2026, respectively.