Other Assets (Tables)

12 Months Ended

Aug. 31, 2019

Other Assets [Abstract]

Schedule of Other Assets

Other assets as of August 31, 2019 and 2018, are as follows:

	2019		2018
	(Dollars in thousands)
Goodwill	$	172,404	$	138,464
Customer lists, trademarks and other intangible assets	71,206		29,338
Notes receivable	189,045		211,986
Long-term derivative assets	36,408		23,084
Prepaid pension and other benefits	73,100		101,539
Capitalized major maintenance	286,890		130,780
Cash value life insurance	122,792		123,010
Other	60,350		76,128
Total other assets	$	1,012,195	$	834,329

Changes in the Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for the years ended August 31, 2019 and 2018, by segment, are as follows:

	Energy		Ag			Corporate and Other		Total
	(Dollars in thousands)
Balances, August 31, 2017	$	552	$	127,328		$	10,574	$	138,454
Effect of foreign currency translation adjustments	—		10			—		10
Balances, August 31, 2018	552		127,338			10,574		138,464
Goodwill acquired during the period	—		61,358			—		61,358
Impairment	—		(27,418		)	—		(27,418		)
Balances, August 31, 2019	$	552	$	161,278		$	10,574	$	172,404

Schedule of Intangible Assets included in Other Assets

Information regarding intangible assets included in other assets on our Consolidated Balance Sheets is as follows:

	August 31, 2019							August 31, 2018
	Carrying Amount		Accumulated Amortization			Net		Carrying Amount		Accumulated Amortization			Net
	(Dollars in thousands)
Customer lists	$	84,815	$	(17,609	)	$	67,206	$	40,815	$	(13,082	)	$	27,733
Trademarks and other intangible assets	9,736		(5,736		)	4,000		6,536		(4,931		)	1,605
Total intangible assets	$	94,551	$	(23,345	)	$	71,206	$	47,351	$	(18,013	)	$	29,338

Estimated Amortization Expense Related to Intangible Assets Subject to Amortization

The estimated annual amortization expense related to intangible assets subject to amortization for the next five years is as follows:

	(Dollars in thousands)
2020	$	5,271
2021	4,874
2022	4,706
2023	4,576
2024	4,576
Thereafter	47,107
Total	$	71,110

Activity Related to Capitalized Major Maintenance Costs at Refineries

Activity related to capitalized major maintenance costs at our refineries for the years ended August 31, 2019, 2018 and 2017, is summarized below:

	Balance at Beginning of Year		Cost Deferred		Amortization			Balance at End of Year
	(Dollars in thousands)
2019	$	130,780	$	224,406	$	(68,296	)	$	286,890
2018	105,006		87,460		(61,686		)	130,780
2017	169,054		3,010		(67,058		)	105,006