XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 6. Goodwill, Intangible Assets and Long-Lived Assets Changes in the gross carrying value of intangible assets and goodwill can result from changes in foreign currency exchange rates, business acquisitions, divestitures or impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2017 are as follows (in thousands):
| Industrial |  | Energy |  | Engineered Solutions |  | Total
Balance as of August 31, 2017 | $ | 103,875 |  |  | $ | 188,830 |  |  | $ | 237,376 |  |  | $ | 530,081 |
Impact of changes in foreign currency rates | 65 |  |  | 1,925 |  |  | (617 | ) |  | 1,373 |
Balance as of November 30, 2017 | $ | 103,940 |  |  | $ | 190,755 |  |  | $ | 236,759 |  |  | $ | 531,454 |
The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands):
|  |  | November 30, 2017 |  | August 31, 2017
| Weighted Average Amortization Period (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 15 |  | $ | 264,409 |  |  | $ | 158,245 |  |  | $ | 106,164 |  |  | $ | 263,498 |  |  | $ | 153,003 |  |  | $ | 110,495 |
Patents | 10 |  | 30,448 |  |  | 24,476 |  |  | 5,972 |  |  | 30,401 |  |  | 24,027 |  |  | 6,374 |
Trademarks and tradenames | 18 |  | 21,324 |  |  | 9,637 |  |  | 11,687 |  |  | 21,498 |  |  | 9,396 |  |  | 12,102 |
Other intangibles | 3 |  | 6,712 |  |  | 6,328 |  |  | 384 |  |  | 6,672 |  |  | 6,234 |  |  | 438 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames | N/A |  | 91,825 |  |  | — |  |  | 91,825 |  |  | 91,080 |  |  | — |  |  | 91,080 |
|  |  | $ | 414,718 |  |  | $ | 198,686 |  |  | $ | 216,032 |  |  | $ | 413,149 |  |  | $ | 192,660 |  |  | $ | 220,489 |
The Company estimates that amortization expense will be $15.3 million for the remaining nine months of fiscal 2018. Amortization expense for future years is estimated to be: $19.9 million in fiscal 2019, $19.2 million in 2020, $18.3 million in fiscal 2021, $16.3 million in fiscal 2022, $13.3 million in fiscal 2023 and $21.9 million thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures or changes in foreign currency exchange rates.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration