Other Intangible Assets

12 Months Ended

Jul. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Other Intangible Assets

Other intangible assets include customer relationships, tradenames, and technology with finite lives being amortized in accordance with the accounting guidance for other intangible assets. The Company also has unamortized indefinite-lived tradenames that are classified as other intangible assets.

Other intangible assets as of July 31, 2024 and 2023 consisted of the following: 

	July 31, 2024							July 31, 2023
	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:
Tradenames	3	$	600	$	(600)	$	—	3	$	1,114	$	(947)	$	167
Customer relationships	9	64,430		(23,279)		41,151		9	64,513		(15,947)		48,566
Technology	5	9,300		(6,182)		3,118		5	9,313		(4,235)		5,078
Unamortized other intangible assets:
Tradenames	N/A	7,570		—		7,570		N/A	8,285		—		8,285
Total		$	81,900	$	(30,061)	$	51,839		$	83,225	$	(21,129)	$	62,096

The decrease in the gross carrying amount of amortized other intangible assets as of July 31, 2024 compared to July 31, 2023 was primarily due to the disposal of a discontinued tradename.

Amortization expense on intangible assets during the years ended July 31, 2024, 2023, and 2022 was $9,421, $11,739, and $14,966, respectively. Amortization expense over each of the next five fiscal years is projected to be $9,145, $8,268, $7,759, $7,351, and $7,006 for the fiscal years ending July 31, 2025, 2026, 2027, 2028, and 2029, respectively.