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Goodwill And Other Intangible Assets | 9 Months Ended
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May 31, 2020
Goodwill And Other Intangible Assets [Abstract] |
Goodwill And Other Intangible Assets | Note 5. Goodwill and Other Intangible Assets Goodwill The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands):
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Balance as of August 31, 2019 | $ | 85,420 |  | $ | 8,717 |  | $ | 1,210 |  | $ | 95,347
Translation adjustments |  | 2 |  |  | 27 |  |  | - |  |  | 29
Balance as of May 31, 2020 | $ | 85,422 |  | $ | 8,744 |  | $ | 1,210 |  | $ | 95,376
There were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill subsequent to December 1, 2019, the date of its most recent annual goodwill impairment test, which was conducted during the second quarter of fiscal year 2020. Based on the results of the annual goodwill impairment test, the estimated fair value of each of the Company’s reporting units exceeded their respective carrying values so significantly that an impairment charge to the Company’s goodwill balances is remote, even in the event that the impacts of the novel coronavirus (“COVID-19”) pandemic significantly lower results in future periods. To date, there have been no impairment losses identified and recorded related to the Company’s goodwill. ‎ Definite-lived Intangible Assets The Company’s definite-lived intangible assets, which include the 2000 Flushes, Spot Shot, Carpet Fresh, 1001, EZ REACH and GT85 trade names, the Belgium customer list, the GT85 customer relationships and the GT85 technology are included in other intangible assets, net in the Company’s condensed consolidated balance sheets. The following table summarizes the definite-lived intangible assets and the related accumulated amortization (in thousands):
| May 31, |  | August 31,
| 2020 |  | 2019
Gross carrying amount | $ | 35,598 |  | $ | 35,531
Accumulated amortization |  | (26,777) |  |  | (24,879)
Net carrying amount | $ | 8,821 |  | $ | 10,652
There has been no impairment charge for the nine months ended May 31, 2020 and there were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its existing definite-lived intangible assets. The Company’s review of events and circumstances included consideration of the ongoing COVID-19 pandemic. Changes in the carrying amounts of definite-lived intangible assets by segment for the nine months ended May 31, 2020 are summarized below (in thousands):
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Balance as of August 31, 2019 | $ | 8,401 |  | $ | 2,251 |  | $ | - |  | $ | 10,652
Amortization expense |  | (1,583) |  |  | (273) |  |  | - |  |  | (1,856)
Translation adjustments |  | - |  |  | 25 |  |  | - |  |  | 25
Balance as of May 31, 2020 | $ | 6,818 |  | $ | 2,003 |  | $ | - |  | $ | 8,821
The estimated amortization expense for the Company’s definite-lived intangible assets in future fiscal years is as follows (in thousands):
| Trade Names |  | Customer-Based
Remainder of fiscal year 2020 | $ | 314 |  | $ | 39
Fiscal year 2021 |  | 1,254 |  |  | 157
Fiscal year 2022 |  | 1,254 |  |  | 157
Fiscal year 2023 |  | 1,008 |  |  | -
Fiscal year 2024 |  | 1,002 |  |  | -
Thereafter |  | 3,636 |  |  | -
Total | $ | 8,468 |  | $ | 353
Included in the total estimated future amortization expense is the amortization expense for the 1001 trade name and the GT85 intangible assets, which are based on current foreign currency exchange rates, and as a result amounts in future periods may differ from those presented due to fluctuations in those rates. ‎

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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