4.INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

Our intangible assets were comprised of the following (in thousands):



		Gross Carrying		Accumulated		Net Carrying
AUGUST 31, 2018		Amount		Amortization		Amount
Finite-lived intangible assets:
License rights	$	27,750	$	(18,889)	$	8,861
Acquired content		62,102		(46,147)		15,955
Customer lists		20,092		(17,835)		2,257
Acquired technology		3,568		(2,642)		926
Trade names		2,036		(1,441)		595
Non-compete agreements and other		758		(418)		340
		116,306		(87,372)		28,934
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	139,306	$	(87,372)	$	51,934

AUGUST 31, 2017
Finite-lived intangible assets:
License rights	$	27,750	$	(17,802)	$	9,948
Acquired content		62,094		(43,864)		18,230
Customer lists		20,092		(16,935)		3,157
Acquired technology		3,568		(2,136)		1,432
Trade names		2,036		(1,163)		873
Non-compete agreements and other		758		(104)		654
		116,298		(82,004)		34,294
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	139,298	$	(82,004)	$	57,294

Our intangible assets are amortized over the estimated useful life of the asset. The range of remaining estimated useful lives and weighted-average amortization period over which we are amortizing the major categories of finite-lived intangible assets at August 31, 2018 were as follows:


Category of Intangible Asset	Range of Remaining Estimated Useful Lives	Weighted Average Original Amortization Period

License rights	4 to 8 years	30 years
Acquired content	1 to 8 years	25 years
Customer lists	1 to 9 years	12 years
Acquired technology	2 years	3 years
Trade names	1 to 4 years	5 years
Non-compete agreements and other	1 to 9 years	4 years

Our aggregate amortization expense from finite-lived intangible assets totaled $5.4 million, $3.5 million, and $3.3 million for the fiscal years ended August 31, 2018, 2017, and 2016. Amortization expense from our intangible assets over the next five years is expected to be as follows (in thousands):



YEAR ENDING
AUGUST 31,
2019	$	4,790
2020		4,324
2021		3,809
2022		3,498
2023		2,612

Goodwill

Activity in our consolidated goodwill consisted of the following during fiscal 2018 and 2017 (in thousands):



Balance at August 31, 2016	$	19,903
Acquisition of RGP (Note 2)		1,232
Acquisition of Jhanna (Note 2)		3,085
Accumulated impairments		-
Balance at August 31, 2017		24,220
Accumulated impairments		-
Balance at August 31, 2018	$	24,220

We allocated the goodwill generated from our fiscal 2017 business acquisitions to our operating segments based on their relative fair values as shown below (in thousands):



Direct offices	$	2,592
Strategic markets		513
Education practice		154
International licensees		1,058
	$	4,317

During fiscal 2018, we dissolved the Strategic Markets segment and combined its operations with the Direct Office segment (Note 16). We reclassified the goodwill from the Strategic Market segment to the Direct Office segment as shown below (in thousands):



				Adjusted
AUGUST 31,		2017		Goodwill		2018
Direct offices	$	13,382	$	3,443	$	16,825
Strategic markets		3,443		(3,443)		-
Education practice		2,330		-		2,330
International licensees		5,065		-		5,065
	$	24,220	$	-	$	24,220