GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Oct. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:


(in thousands)	Wholesale			Other			Total
Goodwill as of August 1, 2020	$	9,747	(1)	$	9,860	(2)	$	19,607



Change in foreign exchange rates	64			—			64
Goodwill as of October 31, 2020	$	9,811	(1)	$	9,860	(2)	$	19,671

(1)Amounts are net of accumulated goodwill impairment charges of $716.5 million as of August 1, 2020 and October 31, 2020.

(2)Amounts are net of accumulated goodwill impairment charges of $9.6 million as of August 1, 2020 and October 31, 2020.

Identifiable intangible assets

Identifiable intangible assets consisted of the following:


	October 31, 2020						August 1, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007,195	$	188,006	$	819,189	$	1,007,118	$	172,832	$	834,286
Pharmacy prescription files	32,900		9,422		23,478		32,900		7,964		24,936
Non-compete agreements	12,900		12,786		114		12,900		11,500		1,400
Operating lease intangibles	8,193		4,420		3,773		8,193		4,020		4,173
Trademarks and tradenames	83,700		39,486		44,214		83,700		34,708		48,992
Total amortizing intangible assets	1,144,888		254,120		890,768		1,144,811		231,024		913,787
Indefinite lived intangible assets:
Trademarks and tradenames	55,813		—		55,813		55,813		—		55,813
Intangible assets, net	$	1,200,701	$	254,120	$	946,581	$	1,200,624	$	231,024	$	969,600

Estimated future amortization expense

The estimated future amortization expense for each of the next five fiscal years and thereafter on definite lived intangible assets existing as of October 31, 2020 is shown below:


Fiscal Year:	(In thousands)
Remaining fiscal 2021	$	55,173
2022	72,170
2023	71,950
2024	72,412
2025	70,305
2026 and thereafter	548,758
	$	890,768