Intangibles and Other Assets, net

12 Months Ended

Aug. 31, 2012

Intangibles and Other Assets, net

Note 10 - Intangibles and Other Assets, net

Intangible assets that are determined to have finite lives are amortized over their useful lives. Intangible assets with indefinite useful lives are not amortized and are periodically evaluated for impairment.

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

	Years ended August 31,
(In thousands)	2012			2011
Intangible assets subject to amortization:
Customer relationships	$	66,825		$	66,825
Accumulated amortization		(22,995	)		(17,854	)
Other intangibles		4,906			5,185
Accumulated amortization		(3,779	)		(3,475	)
		44,957			50,681
Intangible assets not subject to amortization		912			912
Prepaid and other assets		10,272			8,692
Debt issuance costs		10,194			12,516
Nonqualified savings plan investments		6,667			6,326
Investment in unconsolidated affiliates		8,301			5,769
Contract placement fee		–			2,259
Investment in direct finance leases		65			113
	$	81,368		$	87,268

Amortization expense for the years ended August 31, 2012, 2011 and 2010 was $5.6 million, $4.7 million and $4.8 million. Amortization expense for the years ending August 31, 2013, 2014, 2015, 2016 and 2017 is expected to be $4.2 million, $4.1 million, $4.1 million, $4.1 million and $3.9 million.