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Note 9 - Goodwill
6 Months Ended
Feb. 28, 2018
Notes to Financial Statements  
Goodwill Disclosure [Text Block]
9
. GOODWILL
 
Changes in the carrying amount of goodwill by segment for the
six
months ended
February 28, 2018,
are as follows:
 
(i
n
thousands
)
 
U.S.
   
Europe
   
Asia Pacific
   
Total
 
Balance at August 31, 2017
  $
386,835
    $
317,759
    $
2,966
    $
707,560
 
Foreign currency translations
   
     
11,460
     
93
     
11,553
 
Other adjustments
   
(640
)    
(1,561
)    
     
(2,201
)
Balance at February 28, 2018
  $
386,195
    $
327,658
    $
3,059
    $
716,912
 
 
Goodwill is
not
amortized as it is estimated to have an indefinite life. At least annually, the Company is required to test goodwill at the reporting unit level for potential impairment, and, if impaired, write down to fair value based on the present value of discounted cash flows. The Company’s reporting units evaluated for potential impairment were the U.S., Europe and Asia Pacific, which reflect the level of internal reporting the Company uses to manage its business and operations. The
three
reporting units are consistent with the operating segments reported as there is
no
discrete financial information available for the subsidiaries within each operating segment. The Company performed its annual goodwill impairment test during the
fourth
quarter of fiscal
2017,
consistent with the timing of previous years, at which time it was determined that there was
no
impairment, with the fair value of each of the Company’s reporting units significantly exceeding carrying value.