XML 85 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Intangible Assets
12 Months Ended
Jul. 31, 2019
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible Assets
Intangible Assets

Intangible assets with finite lives as of July 31, 2019 and 2018 are as follows:
 
 
July 31, 2019
 
 
Weighted Average
Amortization Period
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Customer relationships
 
20.5
 
$
276,834,000

 
66,484,000

 
$
210,350,000

Technologies
 
12.7
 
92,649,000

 
59,522,000

 
33,127,000

Trademarks and other
 
16.7
 
31,026,000

 
12,613,000

 
18,413,000

Total
 
 
 
$
400,509,000

 
138,619,000

 
$
261,890,000


 
 
July 31, 2018
 
 
Weighted Average
Amortization Period
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Customer relationships
 
21.0
 
$
249,831,000

 
55,350,000

 
$
194,481,000

Technologies
 
12.8
 
82,370,000

 
54,386,000

 
27,984,000

Trademarks and other
 
16.4
 
28,894,000

 
10,563,000

 
18,331,000

Total
 
 
 
$
361,095,000

 
120,299,000

 
$
240,796,000



The weighted average amortization period in the above table excludes fully amortized intangible assets.

Amortization expense for the fiscal years ended July 31, 2019, 2018 and 2017 was $18,320,000, $21,075,000 and $22,823,000, respectively.

As further discussed in Note (2) -"Acquisitions," intangible assets as of July 31, 2019 include recently acquired intangibles resulting from the acquisitions of Solacom and the GD NG-911 business.

The estimated amortization expense consists of the following for the fiscal years ending July 31:
2020
$
20,700,000

2021
19,563,000

2022
18,322,000

2023
18,322,000

2024
17,631,000



We review net intangible assets with finite lives for impairment when an event occurs indicating the potential for impairment. No such event has occurred during the fiscal year ended July 31, 2019. We believe that the carrying values of our net intangible assets were recoverable as of July 31, 2019. Any impairment charges that we may record in the future could be material to our results of operations and financial condition.