Goodwill

3 Months Ended

Nov. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GOODWILL

Changes in the carrying amount of goodwill by segment for the three months ended November 30, 2021 are as follows:

(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2021	$	430,088	$	321,150	$	2,967	$	754,205
Acquisitions	39,454		487		—		39,941
Foreign currency translations	—		(11,040)		(81)		(11,121)
Balance at November 30, 2021	$	469,542	$	310,597	$	2,886	$	783,025

Goodwill is not amortized as it is estimated to have an indefinite life. At least annually, we are required to test goodwill at the reporting unit level, which is consistent with our segments, for potential impairment, and, if impaired, write down to fair value based on the present value of discounted cash flows. We performed our annual goodwill impairment test during the fourth quarter of fiscal 2021 utilizing a qualitative analysis, consistent with the timing of previous years. We concluded it was more likely than not that the fair value of each of our segments was greater than its respective carrying value and no impairment charge was required.