| Intangibles, Net |
NOTE 7 — Intangibles, Net The following table sets forth intangible assets by major asset class:
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Book Value |
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Weighted Average
Remaining Useful
Life (in years) |
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July 31, |
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July 31, |
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July 31, |
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July 31, |
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(In thousands, except remaining useful life) |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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Amortized intangibles: |
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Supply contracts and
customer relationships |
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$ |
87,978 |
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$ |
86,956 |
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$ |
(68,970 |
) |
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$ |
(58,747 |
) |
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$ |
19,008 |
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$ |
28,209 |
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2 |
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3 |
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Trade names |
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19,339 |
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19,327 |
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(16,186 |
) |
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(14,451 |
) |
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3,153 |
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4,876 |
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2 |
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3 |
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Licenses and databases |
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16,615 |
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16,608 |
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(5,219 |
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(3,622 |
) |
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11,396 |
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12,986 |
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7 |
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8 |
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Indefinite-lived intangibles: |
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Trade names: |
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16,920 |
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16,761 |
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— |
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— |
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16,920 |
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16,761 |
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— |
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— |
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Total intangibles |
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$ |
140,852 |
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$ |
139,652 |
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$ |
(90,375 |
) |
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$ |
(76,820 |
) |
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$ |
50,477 |
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$ |
62,832 |
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Aggregate amortization expense on intangible assets was $13.0 million, $13.9 million, and $13.4 million for the years ended July 31, 2026, 2025, and 2024, respectively. Intangible amortization expense for the next five fiscal years based upon July 31, 2026 intangible assets is expected to be as follows (In thousands):
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2027 |
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$ |
12,803 |
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2028 |
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11,809 |
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2029 |
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2,107 |
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2030 |
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1,679 |
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2031 |
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1,679 |
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Thereafter |
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3,479 |
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Total future intangible amortization expense |
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$ |
33,556 |
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