XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount in Goodwill by Segment

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

 
Schedule of Intangible Assets and Weighted Average Remaining Life Finite and Infinite Excluding Goodwill

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

)
Schedule of Future Estimated Amortization of Intangible Assets

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