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Intangibles and Other Assets, net
12 Months Ended
Aug. 31, 2018
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)        2018             2017      

Intangible assets subject to amortization:

    

Customer relationships

   $ 72,521     $ 64,521  

Accumulated amortization

     (43,576     (40,153

Other intangibles

     16,300       20,207  

Accumulated amortization

     (6,400     (4,866

 

 
     38,845       39,709  

 

 

Intangible assets not subject to amortization

     5,115       912  

Prepaid and other assets

     18,935       16,914  

Nonqualified savings plan investments

     26,299       20,974  

Debt issuance costs, net

     1,824       2,623  

Assets held for sale

     3,650       4,045  

 

 
   $ 94,668     $ 85,177  

 

 

Amortization expense for the years ended August 31, 2018, 2017 and 2016 was $5.3 million, $4.8 million and $6.3 million, respectively. Amortization expense for the years ending August 31, 2019, 2020, 2021, 2022 and 2023 is expected to be $5.2 million, $5.2 million, $4.8 million, $3.4 million and $3.2 million, respectively.