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Goodwill and Other Intangible Assets | 12 Months Ended
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Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 10 – Goodwill and Other Intangible Assets The carrying amount of goodwill by reportable segment for the year ended August 31, 2025 and August 31, 2024 is as follows:
($ in thousands) |  | Irrigation |  |  | Infrastructure |  |  | Total |
Balance as of August 31, 2023 |  |  | 67,371 |  |  |  | 15,750 |  |  |  | 83,121 |
FieldWise purchase accounting adjustments |  |  | 1,004 |  |  |  | — |  |  |  | 1,004 |
Foreign currency translation |  |  | (23 | ) |  |  | 92 |  |  |  | 69 |
Balance as of August 31, 2024 |  |  | 68,352 |  |  |  | 15,842 |  |  |  | 84,194 |
Foreign currency translation |  |  | 24 |  |  |  | 241 |  |  |  | 265 |
Balance as of August 31, 2025 |  | $ | 68,376 |  |  | $ | 16,083 |  |  | $ | 84,459 |
The components of the Company’s identifiable intangible assets and their weighted average remaining life at August 31, 2025 and 2024 are included in the table below.
|  | August 31, |
|  | 2025 |  |  | 2024 |
|  | Weighted |  |  | Gross |  |  |  |  |  | Weighted |  |  | Gross |  |  |  |
|  | average |  |  | carrying |  |  | Accumulated |  |  | average |  |  | carrying |  |  | Accumulated |
($ in thousands) |  | years |  |  | amount |  |  | amortization |  |  | years |  |  | amount |  |  | amortization |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and developed technology |  |  | 2.5 |  |  | $ | 29,641 |  |  | $ | (26,545 | ) |  |  | 2.9 |  |  | $ | 29,308 |  |  | $ | (25,460 | )
Customer relationships |  |  | 6.6 |  |  |  | 26,056 |  |  |  | (17,818 | ) |  |  | 6.7 |  |  |  | 26,037 |  |  |  | (16,470 | )
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  | N/A |  |  |  | 11,997 |  |  |  | — |  |  | N/A |  |  |  | 11,951 |  |  |  | — |
Total |  |  | 5.5 |  |  | $ | 67,694 |  |  | $ | (44,363 | ) |  |  | 5.6 |  |  | $ | 67,296 |  |  | $ | (41,930 | )
Amortization expense for amortizable intangible assets was $2.2 million, $2.9 million, and $2.0 million for fiscal 2025, 2024, and 2023, respectively. Future estimated amortization of intangible assets for the next five years is as follows:
Fiscal years |  | $ in thousands |
2026 |  | $ | 1,593 |
2027 |  |  | 1,590 |
2028 |  |  | 1,554 |
2029 |  |  | 1,150 |
2030 |  |  | 780 |
Thereafter |  |  | 4,667 |
|  | $ | 11,334 |
The Company updated its impairment evaluation of goodwill and intangible assets with indefinite lives at August 31, 2025. No impairment losses were indicated as a result of the annual impairment testing for fiscal 2025, 2024 and 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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