Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.21.2
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Aug. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill The changes in the carrying amount of goodwill for the years ended August 31, 2021 and 2020 by operating segment are as follows (in thousands):
IT&S Other Total
Balance as of August 31, 2019 $ 242,873  $ 17,542  $ 260,415 
Acquisition of HTL Group (Note 4) 11,261  —  11,261 
Impact of changes in foreign currency rates 9,403  75  9,478 
Balance as of August 31, 2020 263,537  17,617  281,154 
Impairment charge —  (5,656) (5,656)
Impact of changes in foreign currency rates 1,550  545  2,095 
Balance as of August 31, 2021 $ 265,087  $ 12,506  $ 277,593 
Gross Carrying Amount and Accumulated Amortization of Intangible Assets
The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):
  Weighted Average Amortization Period (Year) August 31, 2021 August 31, 2020
  Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value
Amortizable intangible assets:
Customer relationships 14 $ 142,453  $ 114,463  $ 27,990  $ 141,853  $ 106,491  $ 35,362 
Patents 12 14,492  13,688  804  14,365  13,228  1,137 
Trademarks and tradenames 12 3,307  2,391  916  3,277  2,257  1,020 
Indefinite lived intangible assets:
Tradenames N/A 24,835  —  24,835  24,863  —  24,863 
$ 185,087  $ 130,542  $ 54,545  $ 184,358  $ 121,976  $ 62,382 
Schedule of Impairment Charge [Table Text Block]