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Intangible Assets (Tables)
 6 Months Ended
Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of identifiable intangible assets The following table presents the estimated useful life, gross carrying amounts and accumulated amortization totals related to our identifiable intangible assets as of February 29, 2024 and August 31, 2023:
February 29, 2024August 31, 2023
(in thousands, except useful lives)Estimated Useful Life (years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
ABA business process
36
$1,583,000 $87,944 $1,495,056 $1,583,000 $65,958 $1,517,042 
Client relationships
11 to 26
265,129 74,416 190,713 265,315 68,701 196,614 
Developed technology
3 to 5
145,213 45,901 99,312 109,222 45,560 63,662 
Acquired databases
15
46,000 6,133 39,867 46,000 4,600 41,400 
Software technology
2 to 10
142,368 112,798 29,570 142,395 108,702 33,693 
Data content
7 to 20
35,169 29,320 5,849 35,021 28,508 6,513 
Non-compete agreements
4
290 48 242 290 12 278 
Total$2,217,169 $356,560 $1,860,609 $2,181,243 $322,041 $1,859,202 
Schedule of amortization expense
The following table presents the amortization expense for our intangible assets which is included in Cost of services in our Consolidated Statements of Income:
Three Months EndedSix Months Ended
February 29,February 28,February 29,February 28,
(in thousands)
2024202320242023
Amortization expense
$26,688 $21,782 $48,853 $43,436 
Schedule of estimated intangible asset amortization expense
As of February 29, 2024, estimated intangible asset amortization expense for each of the next five years and thereafter is as follows:
(in thousands)Estimated Amortization Expense
Years Ended August 31,
2024 (remaining six months)$53,369 
2025102,958 
202695,323 
202772,779 
202863,279 
Thereafter1,472,901 
Total$1,860,609