XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Intangible Assets | 3 Months Ended
--- | ---
Oct. 31, 2022
Finite-Lived Intangible Assets, Net [Abstract] |
Intangible Assets | Intangible Assets Intangible assets with finite lives are as follows:
|  | October 31, 2022
|  | Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | 20.2 |  | $ | 302,058,000 |  |  | 111,071,000 |  |  | $ | 190,987,000 |
Technologies |  | 14.8 |  | 114,949,000 |  |  | 77,017,000 |  |  | 37,932,000 |
Trademarks and other |  | 16.7 |  | 32,926,000 |  |  | 19,891,000 |  |  | 13,035,000 |
Total |  |  |  | $ | 449,933,000 |  |  | 207,979,000 |  |  | $ | 241,954,000 |
|  | July 31, 2022
|  | Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | 20.2 |  | $ | 302,058,000 |  |  | 107,500,000 |  |  | $ | 194,558,000 |
Technologies |  | 14.8 |  | 114,949,000 |  |  | 75,798,000 |  |  | 39,151,000 |
Trademarks and other |  | 16.7 |  | 32,926,000 |  |  | 19,332,000 |  |  | 13,594,000 |
Total |  |  |  | $ | 449,933,000 |  |  | 202,630,000 |  |  | $ | 247,303,000 |
The weighted average amortization period in the above table excludes fully amortized intangible assets. Amortization expense for the three months ended October 31, 2022 and 2021 was $5,349,000, respectively. The estimated amortization expense consists of the following for the fiscal years ending July 31:
2023 | $ | 21,556,000 |
2024 | 21,154,000 |
2025 | 21,039,000 |
2026 | 19,888,000 |
2027 | 18,534,000 |
We review net intangible assets with finite lives for impairment when an event occurs indicating the potential for impairment. Based on our last assessment, we believe that the carrying values of our net intangible assets were recoverable as of October 31, 2022. However, if business conditions deteriorate, we may be required to record impairment losses, and or increase the amortization of intangibles in the future. Any impairment charges that we may record in the future could be material to our results of operations and financial condition.

X
- References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration