Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.2.2
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Aug. 31, 2022
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, 2022 and 2021 by operating segment are as follows (in thousands):
IT&S Other Total
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 
Impairment charge —  (1,297) (1,297)
Impact of changes in foreign currency rates (18,347) —  (18,347)
Balance as of August 31, 2022 $ 246,740  $ 11,209  $ 257,949 
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, 2022 August 31, 2021
  Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value
Amortizable intangible assets:
Customer relationships 14 $ 135,101  $ 117,275  $ 17,826  $ 142,453  $ 114,463  $ 27,990 
Patents 11 13,708  13,104  604  14,492  13,688  804 
Trademarks and tradenames 12 3,132  2,329  803  3,307  2,391  916 
Indefinite lived intangible assets:
Tradenames N/A 22,274  —  22,274  24,835  —  24,835 
$ 174,215  $ 132,708  $ 41,507  $ 185,087  $ 130,542  $ 54,545