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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Aug. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Gross Change in Carrying Amount of Goodwill

The gross change in the carrying amount of goodwill for the years ended August 31, 2019 and 2018 was as follows (in thousands):

 

 

 

Goodwill

 

Balance as of September 1, 2017

 

$

167,835

 

Acquisition

 

 

1,118

 

Foreign currency translation adjustment

 

 

(888

)

Balance as of August 31, 2018

 

 

168,065

 

Acquisition

 

 

1,575

 

Foreign currency translation adjustment

 

 

(403

)

Balance as of August 31, 2019

 

$

169,237

 

Schedule of Intangible Assets

The following table presents the Company’s intangible assets as of August 31 (in thousands):

 

 

 

2019

 

 

2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

Covenants not to compete

 

$

5,746

 

 

$

(2,862

)

 

$

2,884

 

 

$

5,591

 

 

$

(2,596

)

 

$

2,995

 

Other intangible assets subject to amortization (1)

 

 

771

 

 

 

(254

)

 

 

517

 

 

 

1,162

 

 

 

(880

)

 

 

282

 

Indefinite-lived intangibles (2)

 

 

1,081

 

 

 

 

 

 

1,081

 

 

 

1,081

 

 

 

 

 

1,081

 

Total

 

$

7,598

 

 

$

(3,116

)

 

$

4,482

 

 

$

7,834

 

 

$

(3,476

)

 

$

4,358

 

 

(1)

Other intangible assets subject to amortization include leasehold interests, permits and licenses.

(2)

Indefinite-lived intangibles include trade names, permits and licenses, and real property options.

Schedule of Estimated Amortization Expenses

The estimated amortization expense, based on current intangible asset balances, during the next five fiscal years and thereafter is as follows (in thousands):

 

Years Ending August 31,

 

Estimated

Amortization

Expense

 

2020

 

$

624

 

2021

 

 

389

 

2022

 

 

387

 

2023

 

 

332

 

2024

 

 

307

 

Thereafter

 

 

1,362

 

Total

 

$

3,401