Goodwill

6 Months Ended

Feb. 28, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GOODWILL

Changes in the carrying amount of goodwill by segment for the six months ended February 28, 2022 are as follows:

(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2021	$	430,088	$	321,150	$	2,967	$	754,205
Acquisitions	43,769		428		—		44,197
Foreign currency translations	—		(12,101)		(129)		(12,230)
Balance at February 28, 2022	$	473,857	$	309,477	$	2,838	$	786,172

Goodwill is not amortized as it is estimated to have an indefinite life. At least annually, we are required to test goodwill at the reporting unit level, which is consistent with our segments, for potential impairment, and, if impaired, we write down our goodwill to fair value based on the present value of discounted cash flows. We performed our annual goodwill impairment test during the fourth quarter of fiscal 2021 utilizing a qualitative analysis, consistent with the timing of previous years. We concluded it was more likely than not that the fair value of each of our segments was greater than its respective carrying value and no impairment charge was required.