Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Nov. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amount of goodwill for the three months ended November 30, 2019 are as follows (in thousands):
 
Industrial Tools & Services
 
Other
 
Total
Balance as of August 31, 2019
$
242,873

 
$
17,542

 
$
260,415

Impact of changes in foreign currency rates
3,552

 
2

 
3,554

Balance as of November 30, 2019
$
246,425

 
$
17,544

 
$
263,969


Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table
The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):
 
 
 
November 30, 2019
 
August 31, 2019
 
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
14
 
$
127,242

 
$
99,191

 
$
28,051

 
$
126,229

 
$
96,817

 
$
29,412

Patents
12
 
13,439

 
12,605

 
834

 
13,227

 
12,276

 
951

Trademarks and tradenames*
12
 
3,219

 
1,940

 
1,279

 
4,513

 
2,921

 
1,592

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
N/A
 
21,071

 
—

 
21,071

 
20,420

 
—

 
20,420

 
 
 
$
164,971

 
$
113,736

 
$
51,235

 
$
164,389

 
$
112,014

 
$
52,375


*The decrease in the Gross Carrying Value and Accumulated Amortization of Trademarks and tradenames is a result of the impairment of the Milwaukee Cylinder trademark as discussed in Note 5, "Other Divestiture Activities."