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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount in Goodwill by Segment

($ in thousands)

 

Irrigation

 

 

Infrastructure

 

 

Total

 

Balance as of August 31, 2017

 

$

60,978

 

 

$

16,153

 

 

$

77,131

 

Divestiture of businesses

 

 

(12,294

)

 

 

 

 

(12,294

)

Foreign currency translation

 

 

(93

)

 

 

(73

)

 

 

(166

)

Balance as of August 31, 2018

 

 

48,591

 

 

 

16,080

 

 

 

64,671

 

Foreign currency translation

 

 

(24

)

 

 

(260

)

 

 

(284

)

Balance as of August 31, 2019

 

$

48,567

 

 

$

15,820

 

 

$

64,387

 

 

Schedule of Intangible Assets and Weighted Average Remaining Life Finite and Infinite Excluding Goodwill

 

 

August 31,

 

 

 

2019

 

 

2018

 

 

 

Weighted

 

 

Gross

 

 

 

 

 

 

Weighted

 

 

Gross

 

 

 

 

 

 

 

average

 

 

carrying

 

 

Accumulated

 

 

average

 

 

carrying

 

 

Accumulated

 

($ in thousands)

 

years

 

 

amount

 

 

amortization

 

 

years

 

 

amount

 

 

amortization

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents and developed technology

 

 

4.0

 

 

$

26,547

 

 

$

(21,097

)

 

 

5.7

 

 

$

26,831

 

 

$

(19,656

)

Customer relationships

 

 

3.6

 

 

 

16,439

 

 

 

(9,779

)

 

 

5.2

 

 

 

16,459

 

 

 

(8,668

)

Non-compete agreements

 

 

0.4

 

 

 

1,132

 

 

 

(1,107

)

 

 

0.8

 

 

 

1,137

 

 

 

(1,048

)

Other

 

 

 

 

 

110

 

 

 

(110

)

 

 

1.1

 

 

 

110

 

 

 

(85

)

Unamortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

N/A

 

 

 

12,247

 

 

 

 

 

N/A

 

 

 

12,297

 

 

 

 

Total

 

 

3.8

 

 

$

56,475

 

 

$

(32,093

)

 

 

5.5

 

 

$

56,834

 

 

$

(29,457

)

 

Schedule of Future Estimated Amortization of Intangible Assets

Fiscal years

 

$ in thousands

 

2020

 

$

2,527

 

2021

 

 

1,866

 

2022

 

 

1,698

 

2023

 

 

1,595

 

2024

 

 

1,595

 

Thereafter

 

 

2,854

 

 

 

$

12,135