Goodwill and Other Intangible Assets

9 Months Ended

May 31, 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 nine months ended May 31, 2025 are as follows (in thousands):


	IT&S		Other		Total
Balance as of August 31, 2024	$	258,388	$	11,209	$	269,597
DTA Acquisition	14,846		—		14,846
Impact of changes in foreign currency rates	3,187		—		3,187
Balance as of May 31, 2025	$	276,421	$	11,209	$	287,630

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


		May 31, 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	14	$	114,250	$	102,989	$	11,261	$	109,582	$	99,530	$	10,052
Patents	13	10,022		9,545		477		9,916		9,408		508
Developed Technology	14	9,986		535		9,451		—		—		—
Trademarks and tradenames	10	4,490		2,818		1,672		2,764		2,308		456
Indefinite lived intangible assets:
Tradenames	N/A	25,380		—		25,380		25,042		—		25,042
		$	164,128	$	115,887	$	48,241	$	147,304	$	111,246	$	36,058

The Company estimates that amortization expense will be $0.8 million for the remaining three months of fiscal 2025. Amortization expense for future years is estimated to be: $3.5 million in fiscal 2026, $3.4 million in fiscal 2027, $2.7 million in fiscal 2028, $2.6 million in fiscal 2029, $1.7 million in fiscal 2030 and $8.1 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.