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Goodwill and Other Intangible Assets
 12 Months Ended
Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill

The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands):
AmericasEIMEAAsia-PacificTotal
Balance as of August 31, 2023$85,436 $8,860 $1,209 $95,505 
Goodwill incident to acquisition1,481 — — 1,481 
Translation adjustments(152)151 — (1)
Balance as of August 31, 202486,765 9,011 1,209 96,985 
Translation adjustments251 1,034 — 1,285 
Goodwill held for sale (1)
(1,120)— — (1,120)
Balance as of August 31, 2025$85,896 $10,045 $1,209 $97,150 
(1)Goodwill held for sale include certain homecare and cleaning assets in the Americas segment is included in other current assets on the Company’s consolidated balance sheets.
During the second quarter of fiscal year 2025, 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, 2024. The Company performed a quantitative assessment to determine whether the fair value of any of its reporting units was less than each reporting unit’s carrying amount. The Company determined the fair value of its reporting units by following the income approach, which uses a discounted cash flow methodology. The discounted cash flow methodology bases the fair value of each reporting unit on the present value of its estimated future cash flows. The discounted cash flow methodology also requires that management make assumptions about certain key inputs in the estimated cash flows, including long-term sales forecasts or growth rates, terminal growth rates and discount rates, all of which are inherently uncertain. The forecast of future cash flows was primarily based on historical data and management’s best estimates of sales growth rates and operating margins for each reporting unit for the next five fiscal years. The discount rate used was based on management’s estimate of the current weighted-average cost of capital for each reporting unit. As these assumptions are largely unobservable, the estimated fair values fall within Level 3 of the fair value hierarchy. Based on quantitative analysis, the Company determined that the estimated fair value of each of its reporting units
significantly exceeded their respective carrying values. As a result, the Company concluded that no impairment of its goodwill existed as of December 1, 2024. In addition, the Company 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, 2024 through August 31, 2025. To date, there have been no impairment losses identified and recorded related to the Company’s goodwill.
Definite-lived Intangible Assets
In the first quarter of fiscal year 2025, certain assets of the Company’s homecare and cleaning product businesses in the Americas and EIMEA segments were classified as held for sale. Definite-lived intangible assets included in homecare and cleaning include Spot Shot and Carpet Fresh in the Americas segment as well as the 1001 trade name in the EIMEA segment. Amortization of the Spot Shot and 1001 trade names ceased as of September 1, 2024. Spot Shot in the Americas has a carrying value of $2.8 million and a useful life of 17 years while Carpet Fresh was fully amortized as of August 31, 2024. During the fourth quarter of fiscal 2025, we completed the sale of 1001 trade name in EIMEA which had a carrying value of $1.1 million.
The Company’s definite-lived intangible assets include the trade names Spot Shot, Carpet Fresh, EZ REACH, and GT85 trade names, as well as intangible assets related to customer relationships and a non-compete agreement acquired in connection with the Company’s acquisition of a Brazilian distributor during the fiscal year ended August 31, 2024. All of these assets 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,
2025		August 31,
2024
Gross carrying amount$33,510 $38,863 
Accumulated amortization(28,273)(32,641)
Less: other intangible assets, net, held for sale (1)
(2,821)— 
Net carrying amount$2,416 $6,222 
(1)Other intangibles, net current held for sale include certain homecare and cleaning assets in the Americas segment are included in other current assets on the Company’s consolidated balance sheets.
There has been no impairment charge for the period ended August 31, 2025 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.
Changes in the carrying amounts of definite-lived intangible assets by segment are summarized below (in thousands):
AmericasEIMEAAsia-PacificTotal
Balance as of August 31, 2023$3,624 $1,046 $— $4,670 
Definite-lived intangible assets acquired2,959 — — 2,959 
Amortization expense(905)(201)— (1,106)
Translation adjustments(324)23 — (301)
Balance as of August 31, 20245,354 868 — 6,222 
Amortization expense(183)— — (183)
Translation adjustments66 248 — 314 
Less: other intangible assets, net, held for sale (1)
(2,821)— — (2,821)
Less: other intangible assets, net, sold (2)
— (1,116)— (1,116)
Balance as of August 31, 2025$2,416 $— $— $2,416 
(1)Other intangibles, net current held for sale include certain homecare and cleaning assets in the Americas segment are included in other current assets on the Company’s consolidated balance sheets.
(2)Other intangibles, net, sold include certain homecare and cleaning assets in the EIMEA segment.
The estimated amortization expense for the Company’s definite-lived intangible assets is not significant in any future individual fiscal year.