The carrying amount of goodwill by reportable segment for the year ended August 31, 2026 and August 31, 2025 is as follows:


($ in thousands)	Irrigation		Infrastructure			Total
Balance as of August 31, 2024		68,352		15,842			84,194
Foreign currency translation		24		241			265
Balance as of August 31, 2025		68,376		16,083			84,459
Foreign currency translation		13		(26	)		(13	)
Balance as of August 31, 2026	$	68,389	$	16,057		$	84,446

The components of the Company’s identifiable intangible assets and their weighted average remaining life at August 31, 2026 and 2025 are included in the table below.


	August 31,
	2026							2025
	Weighted		Gross					Weighted		Gross
	average		carrying		Accumulated			average		carrying		Accumulated
($ in thousands)	years		amount		amortization			years		amount		amortization
Definite lived intangible assets:
Patents and developed technology		2.2	$	30,305	$	(27,485	)		2.5	$	29,641	$	(26,545	)
Customer relationships		6.1		26,054		(18,566	)		6.6		26,056		(17,818	)
Indefinite lived intangible assets:
Tradenames	N/A			11,992		—		N/A			11,997		—
Total		5.1	$	68,351	$	(46,051	)		5.5	$	67,694	$	(44,363	)

Amortization expense for amortizable intangible assets was $1.7 million, $2.2 million, and $2.9 million for fiscal 2026, 2025, and 2024, respectively.

Future estimated amortization of intangible assets for the next five years is as follows:


Fiscal years	$ in thousands
2027		1,717
2028		1,676
2029		1,272
2030		902
2031		651
Thereafter		4,090
	$	10,308

The Company updated its impairment evaluation of goodwill and intangible assets with indefinite lives at August 31, 2026. No impairment losses were indicated as a result of the annual impairment testing for fiscal 2026, 2025 and 2024.