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Intangibles and Other Assets, net
12 Months Ended
Aug. 31, 2017
Intangibles and Other Assets, net

Note 9 - 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:

 

     As of August 31,  
(In thousands)        2017             2016      

Intangible assets subject to amortization:

    

Customer relationships

   $ 64,521     $ 65,023  

Accumulated amortization

     (40,153     (37,251

Other intangibles

     20,207       6,298  

Accumulated amortization

     (4,866     (5,967

 

 
     39,709       28,103  

 

 

Intangible assets not subject to amortization

     912       912  

Prepaid and other assets

     16,914       14,891  

Nonqualified savings plan investments

     20,974       15,864  

Debt issuance costs, net

     2,623       3,481  

Assets held for sale

     4,045       4,108  

 

 
   $ 85,177     $ 67,359  

 

 

Amortization expense for the years ended August 31, 2017, 2016 and 2015 was $4.8 million, $6.3 million and $3.7 million, respectively. Amortization expense for the years ending August 31, 2018, 2019, 2020, 2021 and 2022 is expected to be $5.8 million, $5.4 million, $5.7 million, $5.4 million and $4.0 million, respectively.