Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the three months ended November 30, 2019 are as follows (in thousands):

	Industrial Tools & Services		Other		Total
Balance as of August 31, 2019	$	242,873	$	17,542	$	260,415
Impact of changes in foreign currency rates	3,552		2		3,554
Balance as of November 30, 2019	$	246,425	$	17,544	$	263,969

Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):

		November 30, 2019						August 31, 2019
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer relationships	14	$	127,242	$	99,191	$	28,051	$	126,229	$	96,817	$	29,412
Patents	12	13,439		12,605		834		13,227		12,276		951
Trademarks and tradenames*	12	3,219		1,940		1,279		4,513		2,921		1,592
Indefinite lived intangible assets:
Tradenames	N/A	21,071		—		21,071		20,420		—		20,420
		$	164,971	$	113,736	$	51,235	$	164,389	$	112,014	$	52,375

*The decrease in the Gross Carrying Value and Accumulated Amortization of Trademarks and tradenames is a result of the impairment of the Milwaukee Cylinder trademark as discussed in Note 5, "Other Divestiture Activities."