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Intangibles and Other Assets, net
 3 Months Ended
Nov. 30, 2019
Intangibles and Other Assets, net
Note 5 – 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)
 
November 30,
2019
   
August 31,
2019
 
Intangible assets subject to amortization:
   
     
 
Customer relationships
  $
89,722
    $
89,722
 
Accumulated amortization
   
(50,782
 )    
(48,850
 )
Other intangibles
   
33,904
     
34,031
 
Accumulated amortization
   
(7,531
 )    
(6,908
 )
                 
   
65,313
     
67,995
 
Intangible assets not subject to amortization
   
5,273
     
5,450
 
Prepaid and other assets
   
15,038
     
15,749
 
Operating lease ROU assets
 
 
 
37,229
 
 
 
 —
 
 
 
Nonqualified savings plan investments
   
31,248
      
27,967
 
Revolving notes issuance costs, net
   
4,338
      
4,568
 
Assets held for sale
   
3,650
      
3,650
 
                 
Total Intangible and other assets, net
  $
162,089
     $
125,379
 
                 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization expense was $2.7
 million
 
and $1.9 million for the three months ended November 30, 2019 and 2018 respectively. Amortization expense for the years ending August 31, 2020, 2021, 2022, 2023 and 2024 is expected to be $10.9 million, $10.9 million, $7.6 million, $6.3 million and $6.3 million, respectively.