The Company allocates goodwill to reporting units within its Engine Products and Industrial Products segments. There were no dispositions or impairment charges recorded during the three months ended October 31, 2022 and 2021. Goodwill is assessed for impairment annually during the third quarter of the fiscal year, or more frequently if events or changes in circumstances indicate the asset may be impaired. The Company performed its annual impairment assessment during the third quarter of fiscal 2022 and did not record any impairment as a result of this assessment.



	Engine Products Segment		Industrial Products Segment		Total
Balance as of July 31, 2022	$	83.7	$	262.1	$	345.8

Foreign currency translation	(0.3)		(5.4)		(5.7)
Balance as of October 31, 2022	$	83.4	$	256.7	$	340.1


	Customer Relationships						Patents, Trademarks and Technology
	Gross Carrying Amount		Accumulated Amortization		Total Net Value		Gross Carrying Amount		Accumulated Amortization		Total Net Value		Total
Balance as of July 31, 2022	$	104.6	$	(60.3)	$	44.3	$	71.9	$	(16.4)	$	55.5	$	99.8

Amortization expense	—		(1.2)		(1.2)		—		(1.3)		(1.3)		(2.5)
Foreign currency translation	(2.2)		0.8		(1.4)		(0.9)		0.2		(0.7)		(2.1)
Balance as of October 31, 2022	$	102.4	$	(60.7)	$	41.7	$	71.0	$	(17.5)	$	53.5	$	95.2

Amortization expense was $2.5 million and $2.2 million for the three months ended October 31, 2022 and 2021, respectively. Amortization expense is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings.