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Goodwill and Other Intangible Assets
 9 Months Ended
May 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, 2024$86,765 $9,011 $1,209 $96,985 
Translation adjustments169 917 - 1,086 
Goodwill held for sale (1)
(1,035)(85)- (1,120)
Balance as of May 31, 2025$85,899 $9,843 $1,209 $96,951 
(1)Goodwill held for sale is included in other current assets on the Company’s condensed consolidated balance sheets.
There were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill as of May 31, 2025. 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 include the trade names Spot Shot, Carpet Fresh, 1001, 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 condensed consolidated balance sheets.
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. Spot Shot in the Americas segment was recorded at an acquisition-date fair value of $13.7 million and was being amortized on a straight-line basis over the useful life of 17 years. Accumulated amortization expense was $10.9 million and the carrying value of this asset was $2.8 million as of August 31, 2024. Carpet Fresh in the Americas segment was recorded at an acquisition-date fair value of $2.8 million, was being amortized on a straight-line basis over the useful life of 13 years and was fully amortized as of August 31, 2022. The gross fair value for 1001 trade name in the EIMEA segment was $3.3 million at August 31, 2024 and was being amortized on a straight-line basis over the useful life of 20 years. Accumulated amortization expense was $2.2 million and the carrying value of this asset was $1.1 million as of August 31, 2024. Amortization of the Spot Shot and 1001 trade names ceased as of September 1, 2024.
The following table summarizes the definite-lived intangible assets and the related accumulated amortization (in thousands):
May 31,
2025		August 31,
2024
Gross carrying amount$39,897 $38,863 
Accumulated amortization(33,661)(32,641)
Less: other intangible assets, net, held for sale (1)
(3,880)—
Net carrying amount$2,356 $6,222 
(1)Intangibles, net current held for sale are included in other current assets on the Company’s condensed consolidated balance sheets.
There has been no impairment charge for the nine months ended May 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 for the nine months ended May 31, 2025 are summarized below (in thousands):
AmericasEIMEAAsia-PacificTotal
Balance as of August 31, 2024$5,354 $868 $— $6,222 
Amortization expense(136)— — (136)
Translation adjustments(41)191 — 150 
Less: other intangible assets, net, held for sale (1)
(2,821)(1,059)— (3,880)
Balance as of May 31, 2025$2,356 $- $— $2,356 
(1)Other intangible assets, net current held for sale are included in other current assets on the Company’s condensed consolidated balance sheets.
The estimated amortization expense for the Company’s definite-lived intangible assets is not significant in any future individual fiscal year.