| Schedule of Goodwill |
Changes in the gross carrying value of intangible assets and goodwill can result from changes in foreign currency exchange rates, business acquisitions, divestitures or impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2017 are as follows (in thousands):
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Industrial |
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Energy |
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Engineered Solutions |
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Total |
Balance as of August 31, 2017 |
$ |
103,875 |
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$ |
188,830 |
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|
$ |
237,376 |
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$ |
530,081 |
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Impact of changes in foreign currency rates |
65 |
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|
1,925 |
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|
(617 |
) |
|
1,373 |
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Balance as of November 30, 2017 |
$ |
103,940 |
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$ |
190,755 |
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$ |
236,759 |
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$ |
531,454 |
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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 other intangible assets are as follows (in thousands):
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November 30, 2017 |
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August 31, 2017 |
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Weighted Average
Amortization
Period (Years)
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Gross
Carrying
Value
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Accumulated
Amortization
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Net
Book
Value
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Gross
Carrying
Value
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Accumulated
Amortization
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Net
Book
Value
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Amortizable intangible assets: |
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Customer relationships |
15 |
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$ |
264,409 |
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$ |
158,245 |
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$ |
106,164 |
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$ |
263,498 |
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$ |
153,003 |
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$ |
110,495 |
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Patents |
10 |
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30,448 |
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24,476 |
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|
5,972 |
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|
30,401 |
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|
24,027 |
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|
6,374 |
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Trademarks and tradenames |
18 |
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21,324 |
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|
9,637 |
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11,687 |
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21,498 |
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|
9,396 |
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|
12,102 |
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Other intangibles |
3 |
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6,712 |
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|
6,328 |
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|
384 |
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|
6,672 |
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|
6,234 |
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|
438 |
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Indefinite lived intangible assets: |
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Tradenames |
N/A |
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91,825 |
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— |
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91,825 |
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|
91,080 |
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— |
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|
91,080 |
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$ |
414,718 |
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|
$ |
198,686 |
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|
$ |
216,032 |
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$ |
413,149 |
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$ |
192,660 |
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$ |
220,489 |
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