| Schedule of Goodwill |
The changes in the carrying amount of goodwill for the three months ended November 30, 2020 are as follows (in thousands):
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Industrial Tools & Services |
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Other |
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Total |
| Balance as of August 31, 2020 |
$ |
263,537 |
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|
$ |
17,617 |
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|
$ |
281,154 |
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| Impact of changes in foreign currency rates |
(176) |
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|
(1) |
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|
(177) |
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| Balance as of November 30, 2020 |
$ |
263,361 |
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|
$ |
17,616 |
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|
$ |
280,977 |
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| Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table |
The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):
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November 30, 2020 |
|
August 31, 2020 |
|
Weighted Average
Amortization
Period (Years) |
|
Gross
Carrying
Value |
|
Accumulated
Amortization |
|
Net
Book
Value |
|
Gross
Carrying
Value |
|
Accumulated
Amortization |
|
Net
Book
Value |
| Amortizable intangible assets: |
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| Customer relationships |
14 |
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$ |
141,657 |
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$ |
108,358 |
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$ |
33,299 |
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$ |
141,853 |
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|
$ |
106,491 |
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|
$ |
35,362 |
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| Patents |
12 |
|
14,350 |
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|
13,361 |
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|
989 |
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|
14,365 |
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|
13,228 |
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|
1,137 |
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| Trademarks and tradenames |
12 |
|
3,264 |
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|
2,275 |
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|
989 |
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|
3,277 |
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|
2,257 |
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|
1,020 |
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| Indefinite lived intangible assets: |
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| Tradenames |
N/A |
|
24,820 |
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|
— |
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|
24,820 |
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|
24,863 |
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— |
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|
24,863 |
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$ |
184,091 |
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|
$ |
123,994 |
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$ |
60,097 |
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$ |
184,358 |
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|
$ |
121,976 |
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|
$ |
62,382 |
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