Goodwill represents the excess of the purchase price of an acquired business over the amount assigned to the net identifiable assets acquired and liabilities assumed. See Note 3. Acquisition for goodwill acquired in the first quarter of fiscal year 2025.

Intangible assets consist of the following as of the respective periods:


	May 31, 2026							August 31, 2025
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Curriculum	$	636	$	(335	)	$	301	$	659	$	(301	)	$	358
Technology		7,254		(4,231	)		3,023		7,254		(2,418	)		4,836
Total finite-lived intangible assets		7,890		(4,566	)		3,324		7,913		(2,719	)		5,194
Trademark		20,600		—			20,600		20,600		—			20,600
Accreditation		61,500		—			61,500		61,500		—			61,500
Total indefinite-lived intangible assets		82,100		—			82,100		82,100		—			82,100
Total intangible assets, net	$	89,990	$	(4,566	)	$	85,424	$	90,013	$	(2,719	)	$	87,294

Our finite-lived intangible assets are amortized on a straight-line basis. Amortization expense was $0.7 million in both the three months ended May 31, 2026 and 2025 and $2.0 million and $2.1 million in the nine months ended May 31, 2026 and 2025, respectively.

The weighted average remaining useful life of our finite-lived intangible assets as of May 31, 2026 was approximately 1.2 years. The estimated future amortization expense of our finite-lived intangible assets as of May 31, 2026 is as follows: