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Goodwill and Intangible Assets
3 Months Ended
Oct. 31, 2019
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)
 
October 31, 2019
 
July 31, 2019
Amortized intangibles:
 
 
 
 
Supply contracts and customer relationships
 
$
49,072

 
$
49,109

Trade names
 
23,518

 
23,501

Licenses and databases
 
7,695

 
7,688

Accumulated amortization
 
(27,668
)
 
(25,142
)
Net intangibles
 
$
52,617

 
$
55,156


Aggregate amortization expense on amortizable intangible assets was $2.5 million and $2.9 million for the three months ended October 31, 2019 and 2018, 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
 
3,858

Balance as of October 31, 2019
 
$
337,179