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, 2020	$	85,461	$	9,060	$	1,210	$	95,731
Translation adjustments		32		255		(1)		286
Balance as of May 31, 2021	$	85,493	$	9,315	$	1,209	$	96,017

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, 2020, the date of its most recent annual goodwill impairment test, which was conducted during the second quarter of fiscal year 2021. 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. 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 Spot Shot, Carpet Fresh, 1001, EZ REACH and GT85 trade names, 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,
	2021		2020
Gross carrying amount	$	36,971	$	36,363
Accumulated amortization		(29,306)		(27,730)
Net carrying amount	$	7,665	$	8,633

There has been no impairment charge for the nine months ended May 31, 2021 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, 2021 are summarized below (in thousands):



	Americas		EMEA		Asia-Pacific		Total
Balance as of August 31, 2020	$	6,553	$	2,080	$	-	$	8,633
Amortization expense		(793)		(291)		-		(1,084)
Translation adjustments		-		116		-		116
Balance as of May 31, 2021	$	5,760	$	1,905	$	-	$	7,665

‎

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 2021	$	321	$	45
Fiscal year 2022		1,285		181
Fiscal year 2023		1,038		-
Fiscal year 2024		1,033		-
Fiscal year 2025		950		-
Thereafter		2,812		-
Total	$	7,439	$	226