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GOODWILL AND OTHER INTANGIBLES
 6 Months Ended
Feb. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangibles
NOTE 6. GOODWILL AND OTHER INTANGIBLES

Goodwill by reportable segment is detailed in the following table:
(in thousands)North AmericaEuropeConsolidated
Goodwill, gross
Balance, September 1, 2022$216,059 $43,115 $259,174 
Acquisitions29,503 — 29,503 
Foreign currency translation— 207 207 
Balance, February 28, 2023245,562 43,322 288,884 
Accumulated impairment
Balance, September 1, 2022(10,036)(129)(10,165)
Foreign currency translation— (8)(8)
Balance, February 28, 2023(10,036)(137)(10,173)
Goodwill, net
Balance, September 1, 2022206,023 42,986 249,009 
Acquisitions29,503 — 29,503 
Foreign currency translation— 199 199 
Balance, February 28, 2023$235,526 $43,185 $278,711 

Intangible assets subject to amortization are detailed in the following table:
 February 28, 2023August 31, 2022
(in thousands) Useful Lives in YearsGross
Carrying Amount		Accumulated AmortizationNetGross
Carrying Amount		Accumulated AmortizationNet
Developed technologies
1 to 15
$148,406 $15,816 $132,590 $147,040 $6,485 $140,555 
Customer relationships
12 to 17
53,323 4,243 49,080 53,115 2,116 50,999 
Perpetual lease rights
79
5,550 868 4,682 3,584 744 2,840 
Patents
5 to 7.5
7,203 5,083 2,120 7,203 4,596 2,607 
Trade names
 5 to 15
3,241 945 2,296 3,212 764 2,448 
Non-compete agreements
5 to 7
2,300 1,313 987 3,050 1,135 1,915 
Other
15
101 101 — 101 99 2 
Total$220,124 $28,369 $191,755 $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.

Other indefinite-lived intangible assets consist of the following:
(in thousands)February 28, 2023August 31, 2022
Trade names$53,818 $53,633 
In-process research and development2,400 2,400 
Non-compete agreements750 750 
Total$56,968 $56,783 

The change in the balance of intangible assets with indefinite lives from August 31, 2022 to February 28, 2023 was due to foreign currency translation adjustments.
Amortization expense for intangible assets was $6.2 million and $12.3 million in the three and six months ended February 28, 2023, respectively, of which $4.7 million and $9.3 million, respectively, was recorded in cost of goods sold and $1.5 million and $3.0 million, respectively, 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 and six months ended February 28, 2022. Estimated amounts of amortization expense for intangible assets for the next five years are as follows:
(in thousands)
Remainder of 2023
$12,244 
202423,734 
202522,004 
202620,792 
202720,684