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Goodwill And Other Intangible Assets
3 Months Ended
Nov. 30, 2021
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets Note 5. Goodwill and Other Intangible Assets Goodwill The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands): Americas EMEA Asia-Pacific TotalBalance as of August 31, 2021$ 85,476 $ 9,184 $ 1,209 $ 95,869Translation adjustments (15) (131) - (146)Balance as of November 30, 2021$ 85,461 $ 9,053 $ 1,209 $ 95,723 There were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill subsequent to December 1, 2020, the date of its most recent annual goodwill impairment test, which was conducted during the second quarter of fiscal year 2021. Based on the results of the annual goodwill impairment test, the estimated fair value of each of the Company’s reporting units exceeded their respective carrying values so significantly that an impairment charge to the Company’s goodwill balances is remote. The Company’s review of events and circumstances included consideration of the ongoing COVID-19 pandemic. To date, there have been no impairment losses identified and recorded related to the Company’s goodwill. Definite-lived Intangible Assets The Company’s definite-lived intangible assets, which include the Spot Shot, Carpet Fresh, 1001, EZ REACH and GT85 trade names, are included in other intangible assets, net in the Company’s condensed consolidated balance sheets. The following table summarizes the definite-lived intangible assets and the related accumulated amortization (in thousands): November 30, August 31, 2021 2021Gross carrying amount$ 36,342 $ 36,657Accumulated amortization (29,514) (29,413)Net carrying amount$ 6,828 $ 7,244 There has been no impairment charge for the three months ended November 30, 2021 and there were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its existing definite-lived intangible assets. The Company’s review of events and circumstances included consideration of the ongoing COVID-19 pandemic. Changes in the carrying amounts of definite-lived intangible assets by segment for the three months ended November 30, 2021 are summarized below (in thousands): Americas EMEA Asia-Pacific TotalBalance as of August 31, 2021$ 5,495 $ 1,749 $ - $ 7,244Amortization expense (264) (99) - (363)Translation adjustments - (53) - (53)Balance as of November 30, 2021$ 5,231 $ 1,597 $ - $ 6,828 The estimated amortization expense for the Company’s definite-lived intangible assets is not significant in any future individual fiscal year. ‎