Goodwill and Other Intangible Assets

6 Months Ended

Feb. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6. Goodwill, Intangible Assets and Long-Lived Assets

Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the six months ended February 28, 2025 are as follows (in thousands):


	IT&S		Other		Total
Balance as of August 31, 2024	$	258,388	$	11,209	$	269,597
DTA Acquisition	14,473		—		14,473
Impact of changes in foreign currency rates	(6,829)		—		(6,829)
Balance as of February 28, 2025	$	266,032	$	11,209	$	277,241

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):


		February 28, 2025						August 31, 2024
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer Relationships	10	$	110,568	$	99,387	$	11,181	$	109,582	$	99,530	$	10,052
Patents	13	9,738		9,279		459		9,916		9,408		508
Developed Technology	14	9,132		381		8,751		—		—		—
Trademarks and tradenames	3	4,278		2,444		1,834		2,764		2,308		456
Indefinite lived intangible assets:
Tradenames	N/A	24,457		—		24,457		25,042		—		25,042
		$	158,173	$	111,491	$	46,682	$	147,304	$	111,246	$	36,058

The Company estimates that amortization expense will be $1.9 million for the remaining six months of fiscal 2025. Amortization expense for future years is estimated to be: $3.2 million in both fiscal 2026 and 2027, $2.6 million in fiscal 2028, $2.4 million in fiscal 2029, $1.6 million in fiscal 2030 and $7.4 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures, or changes in foreign currency exchange rates, among other causes.