Intangibles and Other Assets, net

12 Months Ended

Aug. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Note 8 — Intangibles and Other Assets, net

Intangible assets that are determined to have finite lives are amortized over their useful lives. Intangible assets with indefinite useful lives are not amortized and are periodically evaluated for impairment.

The following table summarizes the Company’s identifiable intangible and other assets balance:

	As of August 31,
(In thousands)	2021			2020
Intangible assets subject to amortization:
Customer and supplier relationships	$	89,822		$	89,722
Accumulated amortization		(64,146	)		(56,509	)
Other intangible assets		40,276			37,798
Accumulated amortization		(13,027	)		(10,595	)
		52,925			60,416
Intangible assets not subject to amortization		2,373			2,474
Prepaid and other assets		26,668			22,026
Operating lease ROU assets		39,819			62,389
Nonqualified savings plan investments		47,653			35,744
Debt issuance costs, net		8,597			3,623
Assets held for sale		5,413			3,650
	$	183,448		$	190,322

Amortization expense for the years ended August 31, 2021, 2020 and 2019 was $11.6 million, $11.0 million and $6.3 million, respectively. As of August 31, 2021, amortizable intangible assets had a weighted-average remaining useful life of 8 years. Amortization expense for the years ending August 31, 2022, 2023, 2024, 2025 and 2026 is expected to be $8.7 million, $7.4 million, $7.1 million, $6.0 million and $5.7 million, respectively.