v3.26.1
INTANGIBLE ASSETS
 9 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
We amortize intangible assets on a straight-line basis over their estimated useful lives. The following table presents the estimated useful life, gross carrying amount and accumulated amortization related to our identifiable intangible assets as of May 31, 2026 and August 31, 2025:
May 31, 2026August 31, 2025
(in thousands, except useful life)
Estimated Useful Life (years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
ABA business process
36
$1,583,000 $186,882 $1,396,118 $1,583,000 $153,903 $1,429,097 
Client relationships
11 to 26
279,916 103,550 176,366 280,065 94,365 185,700 
Developed technology
3 to 5
326,477 183,666 142,811 260,154 127,669 132,485 
Software technology
3 to 12
253,901 144,053 109,848 253,899 131,731 122,168 
Data content
7 to 20
87,004 48,020 38,984 86,416 44,490 41,926 
Trade names
5 to 10
4,914 702 4,212 4,919 326 4,593 
Non-compete agreements
4
290 211 79 290 157 133 
Total$2,535,502 $667,084 $1,868,418 $2,468,743 $552,641 $1,916,102 
The weighted average useful life of our intangible assets as of May 31, 2026 was 30.4 years. We review our intangible assets to determine if any indicators of impairment are present on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. If indicators of impairment are present, our intangible assets are tested for impairment by comparing the carrying value to undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. We did not identify a material impairment nor a material change to the estimated remaining useful lives of our intangible assets during the nine months ended May 31, 2026 and May 31, 2025. Our intangible assets have no assigned residual values.
The following table presents the amortization expense for our intangible assets which is included in Cost of services in our Consolidated Statements of Income:
Three Months EndedNine Months Ended
May 31,May 31,
(in thousands)
2026202520262025
Amortization expense
$39,510 $34,846 $114,511 $97,307 
As of May 31, 2026, estimated intangible asset amortization expense for each of the next five years and thereafter is as follows:
(in thousands)Estimated Amortization Expense
Fiscal Years Ended August 31,
2026 (remaining three months)$39,637 
2027134,907 
2028111,011 
202986,086 
203075,161 
Thereafter1,421,616 
Total$1,868,418