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GOODWILL AND OTHER INTANGIBLES (Tables) | 6 Months Ended
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Feb. 28, 2023
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, September 1, 2022 |  | $ | 216,059 |  |  | $ | 43,115 |  |  | $ | 259,174 |
Acquisitions |  | 29,503 |  |  | — |  |  | 29,503 |
Foreign currency translation |  | — |  |  | 207 |  |  | 207 |
Balance, February 28, 2023 |  | 245,562 |  |  | 43,322 |  |  | 288,884 |
Accumulated impairment |  |  |  |  |  |
Balance, September 1, 2022 |  | (10,036) |  |  | (129) |  |  | (10,165) |
Foreign currency translation |  | — |  |  | (8) |  |  | (8) |
Balance, February 28, 2023 |  | (10,036) |  |  | (137) |  |  | (10,173) |
Goodwill, net |  |  |  |  |  |
Balance, September 1, 2022 |  | 206,023 |  |  | 42,986 |  |  | 249,009 |
Acquisitions |  | 29,503 |  |  | — |  |  | 29,503 |
Foreign currency translation |  | — |  |  | 199 |  |  | 199 |
Balance, February 28, 2023 |  | $ | 235,526 |  |  | $ | 43,185 |  |  | $ | 278,711 |
Intangible assets subject to amortization are detailed in the following table:
|  |  |  | February 28, 2023 |  | August 31, 2022
(in thousands) |  | Useful Lives in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Developed technologies |  | 1 to 15 |  | $ | 148,406 |  |  | $ | 15,816 |  |  | $ | 132,590 |  |  | $ | 147,040 |  |  | $ | 6,485 |  |  | $ | 140,555 |
Customer relationships |  | 12 to 17 |  | 53,323 |  |  | 4,243 |  |  | 49,080 |  |  | 53,115 |  |  | 2,116 |  |  | 50,999 |
Perpetual lease rights |  | 79 |  | 5,550 |  |  | 868 |  |  | 4,682 |  |  | 3,584 |  |  | 744 |  |  | 2,840 |
Patents |  | 5 to 7.5 |  | 7,203 |  |  | 5,083 |  |  | 2,120 |  |  | 7,203 |  |  | 4,596 |  |  | 2,607 |
Trade names |  | 5 to 15 |  | 3,241 |  |  | 945 |  |  | 2,296 |  |  | 3,212 |  |  | 764 |  |  | 2,448 |
Non-compete agreements |  | 5 to 7 |  | 2,300 |  |  | 1,313 |  |  | 987 |  |  | 3,050 |  |  | 1,135 |  |  | 1,915 |
Other |  | 15 |  | 101 |  |  | 101 |  |  | — |  |  | 101 |  |  | 99 |  |  | 2 |
Total |  |  |  | $ | 220,124 |  |  | $ | 28,369 |  |  | $ | 191,755 |  |  | $ | 217,305 |  |  | $ | 15,939 |  |  | $ | 201,366 |
The foreign currency translation adjustments related to the intangible assets subject to amortization were immaterial for all periods presented above. Other indefinite-lived intangible assets consist of the following:
(in thousands) |  | February 28, 2023 |  | August 31, 2022
Trade names |  | $ | 53,818 |  |  | $ | 53,633 |
In-process research and development |  | 2,400 |  |  | 2,400 |
Non-compete agreements |  | 750 |  |  | 750 |
Total |  | $ | 56,968 |  |  | $ | 56,783 |
The change in the balance of intangible assets with indefinite lives from August 31, 2022 to February 28, 2023 was due to foreign currency translation adjustments. Amortization expense for intangible assets was $6.2 million and $12.3 million in the three and six months ended February 28, 2023, respectively, of which $4.7 million and $9.3 million, respectively, was recorded in cost of goods sold and $1.5 million and $3.0 million, respectively, was recorded in selling, general and administrative expenses in the condensed consolidated statements of earnings. The Company recorded immaterial amortization expense for intangible assets in the three and six months ended February 28, 2022. Estimated amounts of amortization expense for intangible assets for the next five years are as follows:
|  | (in thousands)
Remainder of 2023 |  | $ | 12,244 |
2024 |  | 23,734 |
2025 |  | 22,004 |
2026 |  | 20,792 |
2027 |  | 20,684 |

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