Goodwill and Other Intangible Assets

3 Months Ended

Nov. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6. Goodwill, Intangible Assets and Long-Lived Assets

Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2024 are as follows (in thousands):


	IT&S		Other		Total
Balance as of August 31, 2024	$	258,388	$	11,209	$	269,597
DTA Acquisition	23,105		—		23,105
Impact of changes in foreign currency rates	(5,200)		—		(5,200)
Balance as of November 30, 2024	$	276,293	$	11,209	$	287,502

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


		November 30, 2024						August 31, 2024
	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	$	107,972	$	99,030	$	8,942	$	109,582	$	99,530	$	10,052
Patents	13	9,789		9,310		479		9,916		9,408		508
Trademarks and tradenames	3	2,734		2,298		436		2,764		2,308		456
Indefinite lived intangible assets:
Tradenames	N/A	24,625		—		24,625		25,042		—		25,042
		$	145,120	$	110,638	$	34,482	$	147,304	$	111,246	$	36,058

The Company estimates that amortization expense will be $1.9 million for the remaining nine months of fiscal 2025. Amortization expense for future years is estimated to be: $1.9 million in fiscal 2026, $1.8 million in fiscal 2027, $1.8 million in fiscal 2028, $1.5 million in fiscal 2029, $0.7 million in fiscal 2030 and $0.3 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures, or changes in foreign currency exchange rates, among other causes.