Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Notes)

12 Months Ended

Jul. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2019 and 2018, were as follows:

	IDS			WPS			Total
Balance as of July 31, 2017	$	391,864		$	45,833		$	437,697
Translation adjustments	(6,340		)	(1,487		)	(7,827		)
Divestiture	—			(10,055		)	(10,055		)
Balance as of July 31, 2018	$	385,524		$	34,291		$	419,815
Translation adjustments	(6,519		)	(2,309		)	(8,828		)
Balance as of July 31, 2019	$	379,005		$	31,982		$	410,987

The annual impairment testing performed on May 1, 2019, in accordance with ASC 350, “Intangibles - Goodwill and Other” (“Step One”) indicated that all of the reporting units with remaining goodwill (IDS Americas & Europe, People ID, and WPS Europe) passed Step One of the goodwill impairment test as each had a fair value substantially in excess of its carrying value.

Other Intangible Assets

Other intangible assets include patents, tradenames, customer relationships, non-compete agreements and other intangible assets with finite lives being amortized in accordance with the accounting guidance for other intangible assets. The net book value of these assets was as follows:

	July 31, 2019								July 31, 2018
	Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Amortized other intangible assets:
Customer relationships and other	9	$	46,595	$	(29,343	)	$	17,252	9	$	61,944	$	(38,872	)	$	23,072
Unamortized other intangible assets:
Tradenames	N/A	18,871		—			18,871		N/A	19,516		—			19,516
Total		$	65,466	$	(29,343	)	$	36,123		$	81,460	$	(38,872	)	$	42,588

The decrease in the gross carrying amount of other intangible assets as of July 31, 2019, compared to July 31, 2018, was primarily due to the effect of currency translations during the fiscal year.

Amortization expense on intangible assets during the fiscal years ended July 31, 2019, 2018, and 2017 was $5,776, $6,433 and $7,113, respectively. Amortization expense over each of the next five fiscal years is projected to be $5,166, $5,165, $4,896, $2,025, and $0 for the fiscal years ending July 31, 2020, 2021, 2022, 2023, and 2024 respectively.