Intangible Assets

9 Months Ended

Apr. 30, 2025

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets with finite lives are as follows:


	April 30, 2025
	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
Customer relationships	20.2	$	294,258,000	145,298,000	$	148,960,000
Technologies	13.6	106,149,000		84,465,000	21,684,000
Trademarks and other	16.9	31,826,000		24,322,000	7,504,000
Total		$	432,233,000	254,085,000	$	178,148,000


	July 31, 2024
	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
Customer relationships	20.2	$	302,058,000	141,601,000	$	160,457,000
Technologies	14.8	113,149,000		87,809,000	25,340,000
Trademarks and other	16.7	32,926,000		23,895,000	9,031,000
Total		$	448,133,000	253,305,000	$	194,828,000

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

Amortization expense for the three and nine months ended April 30, 2025 was $5,044,000 and $16,680,000, respectively. Amortization expense for the three and nine months ended April 30, 2024 was $5,289,000 and $15,866,000, respectively. Amortization expense for the nine months ended April 30, 2025 includes $1,343,000 of accelerated amortization, recorded in the first quarter of fiscal 2025, due to the impact of the CGC Divestiture. Also, during the first quarter of fiscal 2025, we wrote-off $15,900,000 of fully amortized intangible assets related to the CGC Divestiture.

The estimated amortization expense consists of the following for the fiscal years ending July 31:


2025	$	21,722,000
2026	19,128,000
2027	17,774,000
2028	17,774,000
2029	16,353,000

We review net intangible assets with finite lives for impairment when an event occurs indicating the potential for impairment. Based on our assessment in the fourth quarter of fiscal 2024, we recognized an impairment loss of $9,925,000 in fiscal 2024 within our Satellite and Space Communications segment. See Note (16) - Long-Lived Assets, Including Goodwill for more information. We believe that the carrying values of our remaining net intangible assets were recoverable as of April 30, 2025. However, if business conditions deteriorate, we may be required to record impairment losses, and/or increase the amortization of intangibles in the future. Any impairment charges that we may record in the future could be material to our results of operations and financial condition.