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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | Goodwill by reportable segment is detailed in the following table:
(in thousands) |  | North America |  | Europe |  | Consolidated
Goodwill, gross: |  |  |  |  |  |
Balance at September 1, 2020 |  | $ | 71,941 |  |  | $ | 2,579 |  |  | $ | 74,520 |
| Acquisition |  | — |  |  | 1,909 |  |  | 1,909 |
| Foreign currency translation |  | — |  |  | (98) |  |  | (98) |
Balance at August 31, 2021 |  | 71,941 |  |  | 4,390 |  |  | 76,331 |
| Acquisition |  | 144,118 |  |  | 42,687 |  |  | 186,805 |
| Foreign currency translation |  | — |  |  | (3,962) |  |  | (3,962) |
Balance at August 31, 2022 |  | 216,059 |  |  | 43,115 |  |  | 259,174 |
Accumulated impairment: |  |  |  |  |  |
Balance at September 1, 2020 |  | (10,036) |  |  | (163) |  |  | (10,199) |
| Foreign currency translation |  | — |  |  | 5 |  |  | 5 |
Balance at August 31, 2021 |  | (10,036) |  |  | (158) |  |  | (10,194) |
| Foreign currency translation |  | — |  |  | 29 |  |  | 29 |
Balance at August 31, 2022 |  | (10,036) |  |  | (129) |  |  | (10,165) |
Goodwill, net: |  |  |  |  |  |
Balance at September 1, 2020 |  | 61,905 |  |  | 2,416 |  |  | 64,321 |
| Acquisition |  | — |  |  | 1,909 |  |  | 1,909 |
| Foreign currency translation |  | — |  |  | (93) |  |  | (93) |
Balance at August 31, 2021 |  | 61,905 |  |  | 4,232 |  |  | 66,137 |
| Acquisition |  | 144,118 |  |  | 42,687 |  |  | 186,805 |
| Foreign currency translation |  | — |  |  | (3,933) |  |  | (3,933) |
Balance at August 31, 2022 |  | $ | 206,023 |  |  | $ | 42,986 |  |  | $ | 249,009 |
Intangible assets subject to amortization | Other intangible assets subject to amortization are detailed in the following table:
|  |  |  | August 31, 2022 |  | August 31, 2021
(in thousands) |  | Weighted Average Useful Lives in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 5 to 7.5 |  | $ | 7,203 |  |  | $ | 4,596 |  |  | $ | 2,607 |  |  | $ | 7,203 |  |  | $ | 3,621 |  |  | $ | 3,582 |
Customer relationships |  | 8 |  | 660 |  |  | 660 |  |  | — |  |  | 6,079 |  |  | 5,629 |  |  | 450 |
Perpetual lease rights |  | 80 |  | 3,584 |  |  | 744 |  |  | 2,840 |  |  | 4,395 |  |  | 860 |  |  | 3,535 |
Non-compete agreements |  | 5 to 7 |  | 3,050 |  |  | 1,135 |  |  | 1,915 |  |  | 3,050 |  |  | 778 |  |  | 2,272 |
Other |  | 5 to 15 |  | 939 |  |  | 767 |  |  | 172 |  |  | 939 |  |  | 677 |  |  | 262 |
Due to acquisition of Tensar: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technologies |  | 1 to 11 |  | 147,040 |  |  | 6,485 |  |  | 140,555 |  |  | — |  |  | — |  |  | — |
Customer relationships |  | 12 to 17 |  | 52,455 |  |  | 1,456 |  |  | 50,999 |  |  | — |  |  | — |  |  | — |
Trade names |  | 8 to 9 |  | 2,374 |  |  | 96 |  |  | 2,278 |  |  | — |  |  | — |  |  | — |
Total |  |  |  | $ | 217,305 |  |  | $ | 15,939 |  |  | $ | 201,366 |  |  | $ | 21,666 |  |  | $ | 11,565 |  |  | $ | 10,101 |
The foreign currency translation adjustments related to the intangible assets subject to amortization were immaterial for all periods presented above. Amortization expense for intangible assets was $10.0 million in 2022, of which $6.4 million was recorded in cost of goods sold and $3.6 million was recorded in selling, general and administrative expenses in the consolidated statements of earnings. Amortization expense for intangible assets was $2.1 million in 2021 and 2020, all of which was recorded in selling, general and administrative expenses in the consolidated statements of earnings. Estimated amortization expense for the next five years is as follows:
Year Ended August 31, |  | (in thousands)
2023 |  | $ | 24,389 |
2024 |  | 23,590 |
2025 |  | 21,840 |
2026 |  | 20,622 |
2027 |  | 20,515 |
Intangible assets with indefinite lives primarily resulted from the acquisition of Tensar and include trade names and in-process research and development with gross carrying amounts of $53.6 million and $2.4 million, respectively, at August 31, 2022. The Company did not have any significant intangible assets with indefinite lives at August 31, 2021. During 2022, a qualitative assessment was performed to evaluate the fair value of the indefinite lived intangible assets compared to their carrying values. Based on the qualitative assessments performed, the Company concluded it to be more likely than not that the estimated fair values for indefinite lived intangible assets were greater than their respective carrying values and did not record any indefinite lived intangible asset impairment charges in 2022.

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