Other Intangible Assets

12 Months Ended

Jul. 31, 2023

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, 2023
Tradenames		10.5 years	$	2,694	$	(1,005	)	$	1,689
Non-compete agreements		5.5 years		1,302		(778	)		524
Customer relationships		7.5 years		11,511		(5,528	)		5,983
TOTAL		7.9 years	$	15,507	$	(7,311	)	$	8,196
July 31, 2022
Tradenames		11.4 years	$	2,480	$	(700	)	$	1,780
Non-compete agreements		5.5 years		1,316		(549	)		767
Customer relationships		7.8 years		11,590		(4,528	)		7,062
TOTAL		8.2 years	$	15,386	$	(5,777	)	$	9,609

Amortization expense of intangible assets was $1.5 million, $1.3 million, and $0.7 million in fiscal 2023, fiscal 2022, and fiscal 2021, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $1.5 million, $1.4 million, $1.2 million, $1.2 million, and $1.0 million in fiscal 2024, fiscal 2025, fiscal 2026, fiscal 2027, and fiscal 2028, respectively.