XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.1

Intangibles and Other Assets, net | 6 Months Ended
--- | ---
Feb. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles and Other Assets, net | Note 5 – 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:
(in millions) |  | February 28, 2022 |  |  | August 31, 2021 |
Intangible assets subject to amortization: |  |  |  |  |  |
Customer relationships |  | $ | 89.8 |  |  | $ | 89.8 |
Accumulated amortization |  |  | (66.9 | ) |  |  | (64.1 | )
Other intangibles |  |  | 41.2 |  |  |  | 40.3 |
Accumulated amortization |  |  | (14.4 | ) |  |  | (13.0 | )
|  |  | 49.7 |  |  |  | 53.0 |
Intangible assets not subject to amortization |  |  | 2.4 |  |  |  | 2.4 |
Prepaid and other assets |  |  | 30.0 |  |  |  | 26.7 |
Operating lease ROU assets |  |  | 40.2 |  |  |  | 39.8 |
Nonqualified savings plan investments |  |  | 46.9 |  |  |  | 47.7 |
Debt issuance costs, net |  |  | 8.6 |  |  |  | 8.6 |
Assets held for sale |  |  | 1.8 |  |  |  | 5.4 |
Total Intangible and other assets, net |  | $ | 179.6 |  |  | $ | 183.6 |
Amortization expense was $2.3 million and $5.4 million for the three and six months ended February 28, 2022, respectively and $2.9 million and $5.7 million for the three and six months ended February 28, 2021, respectively. Amortization expense for the years ending August 31, 2022, 2023, 2024, 2025 and 2026 is expected to be $9.4 million, $7.9 million, $7.3 million, $6.2 million and $6.0 million, respectively.

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 all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration