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Goodwill And Other Intangible Assets | 12 Months Ended
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Aug. 31, 2022
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, 2020 | $ | 85,461 |  |  | 9,060 |  |  | 1,210 |  |  | 95,731
Translation adjustments |  | 15 |  |  | 124 |  |  | (1) |  |  | 138
Balance as of August 31, 2021 |  | 85,476 |  |  | 9,184 |  |  | 1,209 |  |  | 95,869
Translation adjustments |  | (74) |  |  | (615) |  |  | - |  |  | (689)
Balance as of August 31, 2022 | $ | 85,402 |  | $ | 8,569 |  | $ | 1,209 |  | $ | 95,180
During the second quarter of fiscal year 2022, the Company performed its annual goodwill impairment test. The annual goodwill impairment test was performed at the reporting unit level as of the Company’s most recent goodwill impairment testing date, December 1, 2021. During the fiscal year 2022 annual goodwill impairment test, the Company performed a qualitative assessment of each reporting unit to determine whether it was more likely than not that the fair value of a reporting unit was less than its carrying amount. In performing this qualitative assessment, the Company assessed relevant events and circumstances that may impact the fair value and the carrying amount of each of its reporting units. Factors that were considered included, but were not limited to, the following: (1) macroeconomic conditions, including the impacts of the COVID-19 pandemic; (2) industry and market conditions; (3) historical financial performance and expected financial performance; (4) other entity specific events, such as changes in management or key personnel; and (5) events affecting the Company’s reporting units, such as a change in the composition of net assets or any expected dispositions. Based on the results of this qualitative assessment, the Company determined that 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 and, thus, a quantitative analysis was not required. The Company also concluded that 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, 2021 through August 31, 2022. As a result, the Company concluded that no impairment of its goodwill existed as of August 31, 2022.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 consolidated balance sheets. The following table summarizes the definite-lived intangible assets and the related accumulated amortization (in thousands):
| August 31, |  | August 31,
| 2022 |  | 2021
Gross carrying amount | $ | 35,166 |  | $ | 36,657
Accumulated amortization |  | (29,578) |  |  | (29,413)
Net carrying amount | $ | 5,588 |  | $ | 7,244
There has been no impairment charge for the period ended August 31, 2022 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 are summarized below (in thousands):
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Balance as of August 31, 2020 | $ | 6,553 |  |  | 2,080 |  |  | - |  | $ | 8,633
Amortization expense |  | (1,058) |  |  | (391) |  |  | - |  |  | (1,449)
Translation adjustments |  | - |  |  | 60 |  |  | - |  |  | 60
Balance as of August 31, 2021 |  | 5,495 |  |  | 1,749 |  |  | - |  |  | 7,244
Amortization expense |  | (1,058) |  |  | (376) |  |  | - |  |  | (1,434)
Translation adjustments |  | - |  |  | (222) |  |  | - |  |  | (222)
Balance as of August 31, 2022 | $ | 4,437 |  | $ | 1,151 |  | $ | - |  | $ | 5,588
The estimated amortization expense for the Company’s definite-lived intangible assets is not significant in any future individual fiscal year. ‎

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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