Goodwill and Other Intangible Assets

12 Months Ended

Aug. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill and Other Intangible Assets

Note 7.    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 years ended August 31, 2026 and 2025 by operating segment are as follows:

(in millions)	IT&S		Other		Total
Balance as of August 31, 2024	$	258.4	$	11.2	$	269.6
DTA Acquisition	14.7		—		14.7
Impact of changes in foreign currency rates	5.5		—		5.5
Balance as of August 31, 2025	278.6		11.2		289.8
Impact of changes in foreign currency rates	(0.1)		—		(0.1)
Balance as of August 31, 2026	$	278.5	$	11.2	$	289.7

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

	Weighted Average Amortization Period (Year)	August 31, 2026						August 31, 2025
(in millions)		Gross		Accumulated Amortization		Net Book Value		Gross		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer relationships	14	$	115.2	$	106.3	$	8.9	$	115.0	$	104.1	$	10.9
Patents	12	11.2		10.0		1.2		11.2		9.8		1.4
Developed Technology	7	11.9		3.0		8.9		10.3		1.5		8.8
Trademarks and tradenames	7	7.5		5.1		2.4		7.3		3.1		4.2
Indefinite lived intangible assets:
Tradenames	N/A	21.6		—		21.6		21.6		—		21.6
		$	167.4	$	124.4	$	43.0	$	165.4	$	118.5	$	46.9

The Company estimates amortization expense for future years to be: $6.0 million in fiscal 2027, $3.9 million in fiscal 2028, $3.7 million in fiscal 2029, $2.9 million in fiscal 2030, $2.3 million in fiscal 2031, and $2.6 million in aggregate 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.

In conjunction with our annual goodwill impairment assessment, the Company did not record any charges in fiscal 2026 or 2025.