Goodwill and Other Intangible Assets

6 Months Ended

Feb. 28, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Goodwill, Intangible Assets and Long-Lived Assets

Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the six months ended February 28, 2026 are as follows (in thousands):


	IT&S		Other		Total
Balance as of August 31, 2025	$	278,578	$	11,209	$	289,787
Impact of changes in foreign currency rates	830		—		830
Balance as of February 28, 2026	$	279,408	$	11,209	$	290,617

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):


		February 28, 2026						August 31, 2025
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer Relationships	14	$	115,440	$	105,453	$	9,987	$	115,055	$	104,083	$	10,972
Patents	12	11,187		9,877		1,310		11,193		9,796		1,397
Developed Technology	7	10,398		2,228		8,170		10,283		1,469		8,814
Trademarks and tradenames	7	7,308		4,104		3,204		7,291		3,100		4,191
Indefinite lived intangible assets:
Tradenames	N/A	21,568		—		21,568		21,568		—		21,568
		$	165,901	$	121,662	$	44,239	$	165,390	$	118,448	$	46,942

The Company estimates that amortization expense will be $2.9 million for the remaining six months of fiscal 2026. Amortization expense for future years is estimated to be: $5.7 million in fiscal 2027, $3.6 million in fiscal 2028, $3.5 million in fiscal 2029, $2.6 million in fiscal 2030, $2.0 million in fiscal 2031 and $2.3 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures, or changes in foreign currency exchange rates, among other causes.

ENERPAC TOOL GROUP CORP 10-Q