Goodwill and Intangible Assets

6 Months Ended

Jan. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 5 – Goodwill and Intangible Assets

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

(In thousands)	January 31, 2020			July 31, 2019
Amortized intangibles:
Supply contracts and customer relationships	$	49,006		$	49,109
Trade names	23,506			23,501
Licenses and databases	7,691			7,688
Accumulated amortization	(29,912		)	(25,142		)
Net intangibles	$	50,291		$	55,156

Aggregate amortization expense on amortizable intangible assets was $2.3 million and $2.6 million for the three months ended January 31, 2020 and 2019, respectively, and $4.8 million and $5.5 million for the six months ended January 31, 2020 and 2019, respectively.

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

Balance as of July 31, 2019	$	333,321
Effect of foreign currency exchange rates	4,941
Balance as of January 31, 2020	$	338,262