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Goodwill and Other Intangibles (Tables)
3 Months Ended
Nov. 30, 2019
Goodwill and Other Intangibles  
Schedule of changes in the carrying value of goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Adhesives, Sealants and Additives

    

Industrial Tapes

    

Corrosion Protection and Waterproofing

    

Consolidated

 

Balance at August 31, 2019

 

$

50,090

 

$

21,215

 

$

10,681

 

$

81,986

 

Foreign currency translation adjustment

 

 

196

 

 

 —

 

 

12

 

 

208

 

Balance at November 30, 2019

 

$

50,286

 

$

21,215

 

$

10,693

 

$

82,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

Gross Carrying

 

Accumulated

 

Net Carrying

 

 

    

Amortization Period

    

Value

    

Amortization

    

Value

 

November 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Patents and agreements

 

14.6

years  

$

1,760

 

$

1,696

 

$

64

 

Formulas and technology

 

7.8

years  

 

10,217

 

 

8,309

 

 

1,908

 

Trade names

 

5.8

years  

 

8,548

 

 

7,418

 

 

1,130

 

Customer lists and relationships

 

9.1

years  

 

98,623

 

 

51,878

 

 

46,745

 

 

 

 

 

$

119,148

 

$

69,301

 

$

49,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Patents and agreements

 

14.6

years  

$

1,760

 

$

1,693

 

$

67

 

Formulas and technology

 

7.8

years  

 

10,164

 

 

7,969

 

 

2,195

 

Trade names

 

5.8

years  

 

8,503

 

 

7,261

 

 

1,242

 

Customer lists and relationships

 

9.1

years  

 

98,139

 

 

48,939

 

 

49,200

 

 

 

 

 

$

118,566

 

$

65,862

 

$

52,704

 

 

Schedule of estimated amortization expense

 

 

 

 

 

Years ending August 31,

    

 

 

 

2020 (remaining 9 months)

 

$

8,667

 

2021

 

 

11,051

 

2022

 

 

10,031

 

2023

 

 

6,768

 

2024

 

 

5,659

 

2025

 

 

5,552