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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Aug. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Goodwill Allocated to Reportable Segments | The following table presents the changes in goodwill allocated to the Company’s reportable segments, Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), during the fiscal years ended August 31, 2020 and 2019 (in thousands):
| EMS |  | DMS |  | Total
Balance as of August 31, 2018 | $ | 82,670 |  |  | $ | 545,075 |  |  | $ | 627,745 |
Change in foreign currency exchange rates | (702 | ) |  | (4,788 | ) |  | (5,490 | )
Balance as of August 31, 2019 | 81,968 |  |  | 540,287 |  |  | 622,255 |
Acquisitions and adjustments | 5,358 |  |  | 55,999 |  |  | 61,357 |
Change in foreign currency exchange rates | (138 | ) |  | 13,379 |  |  | 13,241 |
Balance as of August 31, 2020 | $ | 87,188 |  |  | $ | 609,665 |  |  | $ | 696,853 |
Schedule of Intangible Assets and Goodwill | The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in thousands):
| August 31, 2020 |  | August 31, 2019
| Gross Carrying Amount |  | Accumulated Impairment |  | Gross Carrying Amount |  | Accumulated Impairment
Goodwill | $ | 1,716,675 |  |  | $ | 1,019,822 |  |  | $ | 1,642,077 |  |  | $ | 1,019,822 |
The following table presents the Company’s total purchased intangible assets as of August 31, 2020 and 2019 (in thousands):
| Weighted Average Amortization Period (in years) |  | August 31, 2020 |  | August 31, 2019
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Contractual agreements and customer relationships | 12 |  | $ | 302,314 |  |  | $ | (199,861 | ) |  | $ | 102,453 |  |  | $ | 292,797 |  |  | $ | (175,199 | ) |  | $ | 117,598 |
Intellectual property | 8 |  | 174,373 |  |  | (164,671 | ) |  | 9,702 |  |  | 173,771 |  |  | (157,606 | ) |  | 16,165 |
Finite-lived trade names | Not applicable |  | 77,667 |  |  | (30,542 | ) |  | 47,125 |  |  | 77,536 |  |  | (5,036 | ) |  | 72,500 |
Trade names | Indefinite |  | 50,590 |  |  | — |  |  | 50,590 |  |  | 50,590 |  |  | — |  |  | 50,590 |
Total intangible assets | 12 |  | $ | 604,944 |  |  | $ | (395,074 | ) |  | $ | 209,870 |  |  | $ | 594,694 |  |  | $ | (337,841 | ) |  | $ | 256,853 |
Schedule of Estimated Future Amortization Expense | The estimated future amortization expense is as follows (in thousands):
Fiscal Year Ended August 31, |
2021 | $ | 45,246 |
2022 | 30,038 |
2023 | 27,624 |
2024 | 12,724 |
2025 | 10,874 |
Thereafter | 32,774 |
Total | $ | 159,280 |

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