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Intangible Assets And Goodwill | 12 Months Ended
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Aug. 31, 2018
Intangible Assets And Goodwill [Abstract] |
Intangible Assets And Goodwill | ﻿ ﻿ 4.INTANGIBLE ASSETS AND GOODWILL ﻿ Intangible Assets ﻿ Our intangible assets were comprised of the following (in thousands):
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Gross Carrying |  | Accumulated |  | Net Carrying
﻿AUGUST 31, 2018 |  | Amount |  | Amortization |  | Amount
﻿Finite-lived intangible assets: |  |  |  |  |  |
﻿License rights | $ | 27,750 | $ | (18,889) | $ | 8,861
﻿Acquired content |  | 62,102 |  | (46,147) |  | 15,955
﻿Customer lists |  | 20,092 |  | (17,835) |  | 2,257
﻿Acquired technology |  | 3,568 |  | (2,642) |  | 926
﻿Trade names |  | 2,036 |  | (1,441) |  | 595
﻿Non-compete agreements and other |  | 758 |  | (418) |  | 340
﻿ |  | 116,306 |  | (87,372) |  | 28,934
﻿Indefinite-lived intangible asset: |  |  |  |  |  |
﻿Covey trade name |  | 23,000 |  | - |  | 23,000
﻿ | $ | 139,306 | $ | (87,372) | $ | 51,934
﻿ |  |  |  |  |  |
﻿AUGUST 31, 2017 |  |  |  |  |  |
﻿Finite-lived intangible assets: |  |  |  |  |  |
﻿License rights | $ | 27,750 | $ | (17,802) | $ | 9,948
﻿Acquired content |  | 62,094 |  | (43,864) |  | 18,230
﻿Customer lists |  | 20,092 |  | (16,935) |  | 3,157
﻿Acquired technology |  | 3,568 |  | (2,136) |  | 1,432
﻿Trade names |  | 2,036 |  | (1,163) |  | 873
﻿Non-compete agreements and other |  | 758 |  | (104) |  | 654
﻿ |  | 116,298 |  | (82,004) |  | 34,294
﻿Indefinite-lived intangible asset: |  |  |  |  |  |
﻿Covey trade name |  | 23,000 |  | - |  | 23,000
﻿ | $ | 139,298 | $ | (82,004) | $ | 57,294
﻿ Our intangible assets are amortized over the estimated useful life of the asset. The range of remaining estimated useful lives and weighted-average amortization period over which we are amortizing the major categories of finite-lived intangible assets at August 31, 2018 were as follows: ﻿
﻿ |  |  |  |
﻿ Category of Intangible Asset |  | Range of Remaining Estimated Useful Lives |  | Weighted Average Original Amortization Period
﻿ |  |  |  |
License rights |  | 4 to 8 years |  | 30 years
Acquired content |  | 1 to 8 years |  | 25 years
Customer lists |  | 1 to 9 years |  | 12 years
Acquired technology |  | 2 years |  | 3 years
Trade names |  | 1 to 4 years |  | 5 years
Non-compete agreements and other |  | 1 to 9 years |  | 4 years
﻿ Our aggregate amortization expense from finite-lived intangible assets totaled $5.4 million, $3.5 million, and $3.3 million for the fiscal years ended August 31, 2018, 2017, and 2016. Amortization expense from our intangible assets over the next five years is expected to be as follows (in thousands): ﻿
﻿ |  |
﻿ |  |
﻿YEAR ENDING |  |
﻿AUGUST 31, |  |
﻿2019 | $ | 4,790
﻿2020 |  | 4,324
﻿2021 |  | 3,809
﻿2022 |  | 3,498
﻿2023 |  | 2,612
﻿ Goodwill ﻿ Activity in our consolidated goodwill consisted of the following during fiscal 2018 and 2017 (in thousands):
﻿ |  |
﻿ |  |
﻿Balance at August 31, 2016 | $ | 19,903
﻿Acquisition of RGP (Note 2) |  | 1,232
﻿Acquisition of Jhanna (Note 2) |  | 3,085
﻿Accumulated impairments |  | -
﻿Balance at August 31, 2017 |  | 24,220
﻿Accumulated impairments |  | -
﻿Balance at August 31, 2018 | $ | 24,220
﻿ We allocated the goodwill generated from our fiscal 2017 business acquisitions to our operating segments based on their relative fair values as shown below (in thousands): ﻿
﻿ |  |  |
﻿ |  |  |
﻿Direct offices |  | $ | 2,592
﻿Strategic markets |  |  | 513
﻿Education practice |  |  | 154
﻿International licensees |  |  | 1,058
﻿ |  | $ | 4,317
﻿ During fiscal 2018, we dissolved the Strategic Markets segment and combined its operations with the Direct Office segment (Note 16). We reclassified the goodwill from the Strategic Market segment to the Direct Office segment as shown below (in thousands): ﻿
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  | Adjusted |  |
﻿AUGUST 31, |  |  | 2017 |  | Goodwill |  | 2018
﻿Direct offices |  | $ | 13,382 | $ | 3,443 | $ | 16,825
﻿Strategic markets |  |  | 3,443 |  | (3,443) |  | -
﻿Education practice |  |  | 2,330 |  | - |  | 2,330
﻿International licensees |  |  | 5,065 |  | - |  | 5,065
﻿ |  | $ | 24,220 | $ | - | $ | 24,220
﻿

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