Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amount of goodwill for the six months ended February 29, 2020 are as follows (in thousands):
 
Industrial Tools & Services
 
Other
 
Total
Balance as of August 31, 2019
$
242,873

 
$
17,542

 
$
260,415

Acquisition of HTL Group (Note 4)
8,595

 
—

 
8,595

Impact of changes in foreign currency rates
2,815

 
3

 
2,818

Balance as of February 29, 2020
$
254,283

 
$
17,545

 
$
271,828


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):
 
 
 
February 29, 2020
 
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
 
$
140,239

 
$
100,895

 
$
39,344

 
$
126,229

 
$
96,817

 
$
29,412

Patents
12
 
14,068

 
12,723

 
1,345

 
13,227

 
12,276

 
951

Trademarks and tradenames*
12
 
3,202

 
2,019

 
1,183

 
4,513

 
2,921

 
1,592

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
N/A
 
24,629

 
—

 
24,629

 
20,420

 
—

 
20,420

 
 
 
$
182,138

 
$
115,637

 
$
66,501

 
$
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 Milwaukee Cylinder business being held for sale as of November 30, 2019 and the impairment charge discussed in Note 5, "Discontinued Operations and Other Divestiture Activities." included the Trademarks and tradenames associated with that business being fully impaired.