v3.26.3
Note 12 - Other Intangible Assets
 12 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

Note 12—Other Intangible Assets

 

The table below presents information on the Company’s amortized intangible assets:

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

Gross Carrying

 

 

Accumulated

 

 

 

 

 

(in thousands)

 

Period (years)

 

Amount

 

 

Amortization

 

 

Net Balance

 

July 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

6.8

 

$

1,373

 

 

$

(716

)

 

$

657

 

Non-compete agreements

 

16.7

 

 

660

 

 

 

(486

)

 

 

174

 

Customer relationships

 

9.8

 

 

13,082

 

 

 

(5,151

)

 

 

7,931

 

TOTAL

 

9.6

 

$

15,115

 

 

$

(6,353

)

 

$

8,762

 

July 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

14.6

 

$

1,391

 

 

$

(585

)

 

$

806

 

Non-compete agreements

 

6.0

 

 

660

 

 

 

(376

)

 

 

284

 

Customer relationships

 

9.9

 

 

8,220

 

 

 

(4,254

)

 

 

3,966

 

TOTAL

 

10.3

 

$

10,271

 

 

$

(5,215

)

 

$

5,056

 

 

Amortization expense of intangible assets was $1.4 million, $1.5 million, and $1.3 million in fiscal 2026, fiscal 2025, and fiscal 2024, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $1.9 million, $1.8 million, $1.5 million, $1.3 million, and $1.3 million in fiscal 2027, fiscal 2028, fiscal 2029, fiscal 2030, and fiscal 2031, respectively.