Intangibles and Other Assets, net (Tables)

6 Months Ended

Feb. 28, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Identifiable Intangible and Other Assets

The following table summarizes the Company’s identifiable intangible and other assets balance:

(in millions)	February 28, 2022			August 31, 2021
Intangible assets subject to amortization:
Customer relationships	$	89.8		$	89.8
Accumulated amortization		(66.9	)		(64.1	)
Other intangibles		41.2			40.3
Accumulated amortization		(14.4	)		(13.0	)
		49.7			53.0
Intangible assets not subject to amortization		2.4			2.4
Prepaid and other assets		30.0			26.7
Operating lease ROU assets		40.2			39.8
Nonqualified savings plan investments		46.9			47.7
Debt issuance costs, net		8.6			8.6
Assets held for sale		1.8			5.4
Total Intangible and other assets, net	$	179.6		$	183.6

Amortization expense was $2.3 million and $5.4 million for the three and six months ended February 28, 2022, respectively and $2.9 million and $5.7 million for the three and six months ended February 28, 2021, respectively. Amortization expense for the years ending August 31, 2022, 2023, 2024, 2025 and 2026 is expected to be $9.4 million, $7.9 million, $7.3 million, $6.2 million and $6.0 million, respectively.