| Schedule of Goodwill |
Changes in the gross carrying value of goodwill and intangible assets 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 nine months ended May 31, 2018 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial |
|
Energy |
|
Engineered Solutions |
|
Total |
Balance as of August 31, 2017 |
$ |
103,875 |
|
|
$ |
188,830 |
|
|
$ |
237,376 |
|
|
$ |
530,081 |
|
Business acquisitions |
2,277 |
|
|
9,808 |
|
|
— |
|
|
12,085 |
|
Impact of changes in foreign currency rates |
(593 |
) |
|
148 |
|
|
(2,929 |
) |
|
(3,374 |
) |
Balance as of May 31, 2018 |
$ |
105,559 |
|
|
$ |
198,786 |
|
|
$ |
234,447 |
|
|
$ |
538,792 |
|
|
| 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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 31, 2018 |
|
August 31, 2017 |
|
Weighted Average
Amortization
Period (Years)
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Book
Value
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Book
Value
|
Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
15 |
|
$ |
265,149 |
|
|
$ |
165,781 |
|
|
$ |
99,368 |
|
|
$ |
263,498 |
|
|
$ |
153,003 |
|
|
$ |
110,495 |
|
Patents |
10 |
|
30,293 |
|
|
25,121 |
|
|
5,172 |
|
|
30,401 |
|
|
24,027 |
|
|
6,374 |
|
Trademarks and tradenames |
18 |
|
21,034 |
|
|
10,122 |
|
|
10,912 |
|
|
21,498 |
|
|
9,396 |
|
|
12,102 |
|
Other intangibles |
3 |
|
6,656 |
|
|
6,416 |
|
|
240 |
|
|
6,672 |
|
|
6,234 |
|
|
438 |
|
Indefinite lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradenames |
N/A |
|
94,468 |
|
|
— |
|
|
94,468 |
|
|
91,080 |
|
|
— |
|
|
91,080 |
|
|
|
|
$ |
417,600 |
|
|
$ |
207,440 |
|
|
$ |
210,160 |
|
|
$ |
413,149 |
|
|
$ |
192,660 |
|
|
$ |
220,489 |
|
|