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Other Assets | 12 Months Ended
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Aug. 31, 2015
Other Assets [Abstract] |
Other Assets | Other Assets Other assets as of August 31, 2015 and 2014 are as follows:
| 2015 |  | 2014
| (Dollars in thousands)
Goodwill | $ | 150,115 |  |  | $ | 158,696 |
Customer lists, trademarks and other intangible assets | 50,648 |  |  | 55,454 |
Notes receivable | 197,067 |  |  | 166,901 |
Long-term receivable | 35,191 |  |  | 40,718 |
Prepaid pension and other benefits | 138,497 |  |  | 186,342 |
Capitalized major maintenance | 241,588 |  |  | 67,643 |
Other | 211,378 |  |  | 119,325 |
| $ | 1,024,484 |  |  | $ | 795,079 |
Changes in the net carrying amount of goodwill for the year ended August 31, 2015, by segment, are as follows:
| Energy |  | Ag |  | Corporate and Other |  | Total
| (Dollars in thousands)
Balances, August 31, 2013 | $ | 552 |  |  | $ | 77,613 |  |  | $ | 6,898 |  |  | $ | 85,063 |
Goodwill acquired during the period | — |  |  | 72,913 |  |  | — |  |  | 72,913 |
Effect of foreign currency translation adjustments | — |  |  | 720 |  |  | — |  |  | 720 |
Balances, August 31, 2014 | $ | 552 |  |  | $ | 151,246 |  |  | $ | 6,898 |  |  | $ | 158,696 |
Goodwill acquired during the period (1) | — |  |  | (3,283 | ) |  | — |  |  | (3,283 | )
Effect of foreign currency translation adjustments | — |  |  | (5,298 | ) |  | — |  |  | (5,298 | )
Balances, August 31, 2015 | $ | 552 |  |  | $ | 142,665 |  |  | $ | 6,898 |  |  | $ | 150,115 |
(1) Includes measurement period adjustments related to current and prior year acquisitions. Goodwill acquired during the period was $0.4 million. Intangible assets subject to amortization primarily include customer lists, trademarks and agreements not to compete, and are amortized over their respective useful lives (ranging from 2 to 30 years). Information regarding intangible assets included in other assets on our Consolidated Balance Sheets is as follows:
| August 31, 2015 |  | August 31, 2014
| Carrying Amount |  | Accumulated Amortization |  | Net |  | Carrying Amount |  | Accumulated Amortization |  | Net
| (Dollars in thousands)
Customer lists | $ | 70,925 |  |  | $ | (30,831 | ) |  | $ | 40,094 |  |  | $ | 69,862 |  |  | $ | (26,114 | ) |  | $ | 43,748 |
Trademarks and other intangible assets | 42,688 |  |  | (32,134 | ) |  | 10,554 |  |  | 41,293 |  |  | (29,587 | ) |  | 11,706 |
Total intangible assets | $ | 113,613 |  |  | $ | (62,965 | ) |  | $ | 50,648 |  |  | $ | 111,155 |  |  | $ | (55,701 | ) |  | $ | 55,454 |
During the years ended August 31, 2015 and 2014, we had acquisitions which resulted in $0.4 million and $72.9 million of goodwill, respectively, for which we paid cash consideration of $305.2 million and $281.5 million, respectively. These acquisitions were all within our Ag segment and were not material, individually or in aggregate, to our consolidated financial statements. There were no business disposals resulting in decreases to goodwill during fiscal 2015 and 2014. During the years ended August 31, 2015 and 2014, intangible assets acquired totaled $0.8 million and $38.8 million, respectively, and were primarily within our Ag segment. Intangible assets amortization expense for the years ended August 31, 2015, 2014 and 2013, was $7.3 million, $9.7 million and $10.0 million, respectively. The estimated annual amortization expense related to intangible assets subject to amortization for the next five years is as follows:
| (Dollars in thousands)
Year 1 | $ | 7,086 |
Year 2 | 5,558 |
Year 3 | 4,290 |
Year 4 | 3,808 |
Year 5 | 3,460 |
Thereafter | 26,350 |
Total | $ | 50,552 |
The costs of turnarounds in our Energy segment are deferred when incurred and amortized on a straight-line basis over the period of time estimated to lapse until the next turnaround occurs, which is generally 2 to 4 years. Capitalized amounts are included in other assets on our Consolidated Balance Sheets and amortization expense related to turnaround costs is included in cost of goods sold in our Consolidated Statements of Operations. Activity related to capitalized major maintenance costs is summarized below:
| Balance at Beginning of Year |  | Cost Deferred |  | Amortization |  | Balance at End of Year
| (Dollars in thousands)
2015 | $ | 67,643 |  |  | $ | 219,898 |  |  | $ | (45,953 | ) |  | $ | 241,588 |
2014 | 109,408 |  |  | 3,305 |  |  | (45,070 | ) |  | 67,643 |
2013 | 70,554 |  |  | 73,701 |  |  | (34,847 | ) |  | 109,408 |

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