GOODWILL AND OTHER INTANGIBLES (Tables)

3 Months Ended

Nov. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill

Goodwill by reportable segment is detailed in the following table:

(in thousands)	North America		Europe		Consolidated
Goodwill, gross
Balance at September 1, 2022	$	216,059	$	43,115	$	259,174
Acquisitions	28,891		—		28,891
Foreign currency translation	—		(442)		(442)
Balance at November 30, 2022	244,950		42,673		287,623
Accumulated impairment
Balance at September 1, 2022	(10,036)		(129)		(10,165)
Foreign currency translation	—		(5)		(5)
Balance at November 30, 2022	(10,036)		(134)		(10,170)
Goodwill, net
Balance at September 1, 2022	206,023		42,986		249,009
Acquisitions	28,891		—		28,891
Foreign currency translation	—		(447)		(447)
Balance at November 30, 2022	$	234,914	$	42,539	$	277,453

Intangible assets subject to amortization are detailed in the following table:

		November 30, 2022						August 31, 2022
(in thousands)	Weighted Average Useful Lives in Years	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Developed technologies	1 to 12	$	147,400	$	11,128	$	136,272	$	147,040	$	6,485	$	140,555
Customer relationships	12 to 17	53,145		3,186		49,959		53,115		2,116		50,999
Perpetual lease rights	80	3,752		790		2,962		3,584		744		2,840
Patents	5 to 15	7,347		4,841		2,506		7,203		4,596		2,607
Trade names	5 to 15	3,210		853		2,357		3,212		764		2,448
Non-compete agreements	5 to 7	2,300		1,224		1,076		3,050		1,135		1,915
Other	15	101		100		1		101		99		2
Total		$	217,255	$	22,122	$	195,133	$	217,305	$	15,939	$	201,366

The foreign currency translation adjustments related to the intangible assets subject to amortization were immaterial for all periods presented above.

The gross carrying amount of the Company's intangible assets with indefinite lives was $56.7 million and $56.8 million as of November 30, 2022 and August 31, 2022, respectively. The change in the balance from August 31, 2022 to November 30, 2022 was due to foreign currency translation adjustments. Intangible assets with indefinite lives consist primarily of trade names with gross carrying amounts of $53.5 million and $53.6 million at November 30, 2022 and August 31, 2022, respectively, and in-process research and development with a gross carrying amount of $2.4 million at both November 30, 2022 and August 31, 2022.

Amortization expense for intangible assets was $6.1 million in the three months ended November 30, 2022, of which $4.6 million was recorded in cost of goods sold and $1.5 million was recorded in selling, general and administrative expenses in the condensed consolidated statements of earnings. The Company recorded immaterial amortization expense for intangible assets in the three months ended November 30, 2021. Estimated amounts of amortization expense for intangible assets for the next five years are as follows:

	(in thousands)
Remainder of 2023	$	18,307
2024	23,604
2025	21,868
2026	20,662
2027	20,555