Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the three months ended November 30, 2020 are as follows (in thousands):

	Industrial Tools & Services		Other		Total
Balance as of August 31, 2020	$	263,537	$	17,617	$	281,154
Impact of changes in foreign currency rates	(176)		(1)		(177)
Balance as of November 30, 2020	$	263,361	$	17,616	$	280,977

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, 2020						August 31, 2020
	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	$	141,657	$	108,358	$	33,299	$	141,853	$	106,491	$	35,362
Patents	12	14,350		13,361		989		14,365		13,228		1,137
Trademarks and tradenames	12	3,264		2,275		989		3,277		2,257		1,020
Indefinite lived intangible assets:
Tradenames	N/A	24,820		—		24,820		24,863		—		24,863
		$	184,091	$	123,994	$	60,097	$	184,358	$	121,976	$	62,382