Intangibles and Other Assets, net

6 Months Ended

Feb. 28, 2015

Intangibles and Other Assets, net

Note 3 – 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:

(In thousands)	February 28, 2015			August 31, 2014
Intangible assets subject to amortization:
Customer relationships	$	65,023		$	65,023
Accumulated amortization		(32,018	)		(30,282	)
Other intangibles		3,455			3,699
Accumulated amortization		(3,065	)		(3,156	)
		33,395			35,284
Intangible assets not subject to amortization		912			912
Nonqualified savings plan investments		12,439			10,223
Prepaid and other assets		11,245			11,736
Debt issuance costs, net		6,395			7,602
Total Intangible and other assets, net	$	64,386		$	65,757

Amortization expense for the three and six months ended February 28, 2015 was $0.9 million and $1.8 million and for the three and six months ended February 28, 2014 was $1.0 million and $2.6 million. Amortization expense for the years ending August 31, 2015, 2016, 2017, 2018 and 2019 is expected to be $3.6 million, $3.6 million, $3.6 million, $3.4 million and $3.4 million.