Goodwill and Intangible Assets

3 Months Ended

Oct. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 4 – Goodwill and Intangible Assets

The following table sets forth amortizable intangible assets by major asset class:

(In thousands)	October 31, 2018			July 31, 2018
Amortized intangibles:
Covenants not to compete	$	1,668		$	1,666
Supply contracts & customer relationships	73,105			71,787
Trade name	24,092			24,173
Licenses and databases	9,341			9,291
Accumulated amortization	(45,309		)	(42,025		)
Net intangibles	$	62,897		$	64,892

Aggregate amortization expense on amortizable intangible assets was $2.9 million and $3.8 million for the three months ended October 31, 2018 and 2017, respectively.

The change in the carrying amount of goodwill was as follows (in thousands):

Balance as of July 31, 2018	$	337,235
Effect of foreign currency exchange rates	(2,115		)
Balance as of October 31, 2018	$	335,120