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Goodwill and Intangible Assets (Tables)
9 Months Ended
Apr. 30, 2016
Intangible Assets

Intangible assets are summarized as follows:

 

            As of April 30, 2016      As of July 31, 2015  
(in millions)    Weighted
Average
Amortization
Period
     Cost      Accumulated
Amortization
     Net      Cost      Accumulated
Amortization
     Net  

Developed technologies

     10 years       $ 29.9       $ 14.3       $ 15.6       $ 30.2       $ 12.3       $ 17.9   

Customer relationships

     13 years         47.1         23.9         23.2         44.2         20.3         23.9   

Trade names*

     3 years         9.6         1.0         8.6         8.6         0.9         7.7   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets

      $ 86.6       $ 39.2       $ 47.4       $ 83.0       $ 33.5       $ 49.5   
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

* $7.6 million of trade names are indefinite-lived as of April 30, 2016 and July 31, 2015, respectively, and $1.0 million and $0.1 million are finite-lived trade names as of April 30, 2016 and July 31, 2015, respectively.
Estimated Future Amortization Expense Related to Intangible Assets

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows:

 

     Estimated  
     Future  
     Amortization  
(in millions)    Expense  

2016 (remaining three months)

   $ 2.2   

2017

     7.9   

2018

     6.9   

2019

     5.7   

2020

     5.3   

Thereafter

     11.8   
  

 

 

 
   $ 39.8