Acquisitions (Tables)

9 Months Ended

May 31, 2020

Schedule of Identified Intangible Assets Assumed In the Acquisition

The identified intangible assets assumed in the acquisition were recognized as follows:

(in thousands)	Fair value		Weighted average estimated useful life (in years)
Trademarks and patents	$	19,500		9
Customer and supplier relationships		16,071		7
Identified intangible assets subject to amortization		35,571
Other identified intangible assets not subject to    amortization		860
Total identified intangible assets	$	36,431

American Railcar Industries

Preliminary Allocation of Purchase Price Based on Fair Value of Net Assets Acquired

The preliminary purchase price of the net assets acquired from ARI was allocated as follows:    

(in thousands)
Accounts receivable, net	$	27,659
Inventories		98,053
Property, plant and equipment, net		225,045
Investments in unconsolidated affiliates		40,314
Intangibles and other assets, net		36,785
Goodwill		56,514
Total assets acquired		484,370
Total liabilities assumed		67,174
Net assets acquired	$	417,196