Intangible Assets

9 Months Ended

Apr. 30, 2024

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets with finite lives are as follows:


	April 30, 2024
	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
Customer relationships	20.2	$	302,058,000	132,789,000	$	169,269,000
Technologies	14.8	113,149,000		82,058,000	31,091,000
Trademarks and other	16.7	32,926,000		23,245,000	9,681,000
Total		$	448,133,000	238,092,000	$	210,041,000


	July 31, 2023
	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount
Customer relationships	20.2	$	302,058,000	121,786,000	$	180,272,000
Technologies	14.8	114,949,000		80,672,000	34,277,000
Trademarks and other	16.7	32,926,000		21,568,000	11,358,000
Total		$	449,933,000	224,026,000	$	225,907,000

The weighted average amortization period in the above table excludes fully amortized intangible assets.

Amortization expense for the three and nine months ended April 30, 2024 was $5,289,000 and $15,866,000, respectively. Amortization expense for the three and nine months ended April 30, 2023 $5,349,000 and $16,047,000, respectively.

The estimated amortization expense consists of the following for the fiscal years ending July 31:


2024	$	21,154,000
2025	21,039,000
2026	19,888,000
2027	18,534,000
2028	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 April 30, 2024. 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.