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Intangible Assets
9 Months Ended
Apr. 30, 2020
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible Assets
Intangible Assets

Intangible assets with finite lives are as follows:
 
 
As of April 30, 2020
 
 
Weighted Average
Amortization Period
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Customer relationships
 
20.4
 
$
284,558,000

 
76,205,000

 
$
208,353,000

Technologies
 
13.7
 
97,649,000

 
63,866,000

 
33,783,000

Trademarks and other
 
16.6
 
32,526,000

 
14,500,000

 
18,026,000

Total
 
 
 
$
414,733,000

 
154,571,000

 
$
260,162,000

 
 
As of July 31, 2019
 
 
Weighted Average
Amortization Period
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Customer relationships
 
20.5
 
$
276,834,000

 
66,484,000

 
$
210,350,000

Technologies
 
12.7
 
92,649,000

 
59,522,000

 
33,127,000

Trademarks and other
 
16.7
 
31,026,000

 
12,613,000

 
18,413,000

Total
 
 
 
$
400,509,000

 
138,619,000

 
$
261,890,000



The weighted average amortization period in the above table excludes fully amortized intangible assets.

Amortization expense for the three months ended April 30, 2020 and 2019 was $5,517,000 and $4,536,000, respectively. Amortization expense for the nine months ended April 30, 2020 and 2019 was $15,952,000 and $13,113,000, respectively.

The estimated amortization expense consists of the following for the fiscal years ending July 31:
2020
$
21,445,000

2021
21,040,000

2022
19,458,000

2023
19,458,000

2024
18,766,000



We review net intangible assets with finite lives for impairment when an event occurs indicating the potential for impairment. In light of the COVID-19 pandemic, during the three months ended April 30, 2020, we evaluated whether our long-lived assets, including intangibles with finite lives, were impaired. Based on our assessment, we believe that the carrying values of our net intangible assets were recoverable as of April 30, 2020. However, if current poor business conditions further deteriorate, we may be required to record impairment losses in the future, which could increase the amortization of intangibles in our fourth quarter of fiscal 2020. Any impairment charges that we may record in the future could be material to our results of operations and financial condition.