Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Aug. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount in Goodwill by Segment

The carrying amount of goodwill by reportable segment for the year ended August 31, 2024 and August 31, 2023 is as follows:

($ in thousands)	Irrigation			Infrastructure		Total
Balance as of August 31, 2022		51,747			15,383		67,130
Acquisition of FieldWise		15,589			—		15,589
Foreign currency translation		35			367		402
Balance as of August 31, 2023		67,371			15,750		83,121
FieldWise purchase accounting adjustments		1,004			—		1,004
Foreign currency translation		(23	)		92		69
Balance as of August 31, 2024	$	68,352		$	15,842	$	84,194

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

The components of the Company’s identifiable intangible assets and their weighted average remaining life at August 31, 2024 and 2023 are included in the table below.

	August 31,
	2024							2023
	Weighted		Gross					Weighted		Gross
	average		carrying		Accumulated			average		carrying		Accumulated
($ in thousands)	years		amount		amortization			years		amount		amortization
Definite lived intangible assets:
Patents and developed technology		2.9	$	29,308	$	(25,460	)		3.1	$	28,658	$	(24,402	)
Customer relationships		6.7		26,037		(16,470	)		6.8		26,030		(14,506	)
Indefinite lived intangible assets:
Tradenames	N/A			11,951		—		N/A			11,939		—
Total		5.6	$	67,296	$	(41,930	)		5.7	$	66,627	$	(38,908	)

Schedule of Future Estimated Amortization of Intangible Assets

Future estimated amortization of intangible assets for the next five years is as follows:

Fiscal years	$ in thousands
2025	$	2,200
2026		1,564
2027		1,564
2028		1,528
2029		1,124
Thereafter		5,435
	$	13,415