Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.23.3
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Aug. 31, 2023
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, 2023 and 2022 by operating segment are as follows (in thousands):
IT&S Other Total
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 
Impact of changes in foreign currency rates 8,546  —  8,546 
Balance as of August 31, 2023 $ 255,285  $ 11,209  $ 266,494 
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, 2023 August 31, 2022
  Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value
Amortizable intangible assets:
Customer relationships 14 $ 108,292  $ 95,395  $ 12,897  $ 135,101  $ 117,275  $ 17,826 
Patents 13 9,769  9,210  559  13,708  13,104  604 
Trademarks and tradenames 14 2,734  2,197  537  3,132  2,329  803 
Indefinite lived intangible assets:
Tradenames N/A 23,345  —  23,345  22,274  —  22,274 
$ 144,140  $ 106,802  $ 37,338  $ 174,215  $ 132,708  $ 41,507