| Summary of Intangible Assets |
Intangible assets as of November 30, 2021 and August 31, 2021 consisted of the following:
|
|
|
November 30, 2021 |
|
|
|
|
|
|
Gross
carrying
amount |
|
|
Accumulated
amortization |
|
|
Net carrying
amount |
|
|
Weighted
average
remaining
life |
|
Customer relationships |
|
$ |
103,600 |
|
|
|
54,385 |
|
|
$ |
49,215 |
|
|
5.0 years |
|
Acquired technology |
|
|
32,235 |
|
|
|
24,630 |
|
|
|
7,605 |
|
|
1.5 years |
|
Trademarks and tradenames |
|
|
9,400 |
|
|
|
5,013 |
|
|
|
4,387 |
|
|
4.5 years |
|
Domain name |
|
|
100 |
|
|
|
53 |
|
|
|
47 |
|
|
4.5 years |
|
Backlog |
|
|
6,700 |
|
|
|
6,568 |
|
|
|
132 |
|
|
0.5 years |
|
|
|
$ |
152,035 |
|
|
$ |
90,649 |
|
|
$ |
61,386 |
|
|
|
|
|
|
August 31, 2021 |
|
|
|
|
|
|
Gross
carrying
amount |
|
|
Accumulated
amortization |
|
|
Net carrying
amount |
|
|
Weighted
average
remaining
life |
|
Customer relationships |
|
$ |
103,600 |
|
|
|
51,815 |
|
|
$ |
51,785 |
|
|
5.3 years |
|
Acquired technology |
|
|
32,235 |
|
|
|
23,509 |
|
|
|
8,726 |
|
|
1.8 years |
|
Trademarks and tradenames |
|
|
9,400 |
|
|
|
4,778 |
|
|
|
4,622 |
|
|
4.8 years |
|
Domain name |
|
|
100 |
|
|
|
50 |
|
|
|
50 |
|
|
4.8 years |
|
Backlog |
|
|
6,700 |
|
|
|
6,524 |
|
|
|
176 |
|
|
0.8 years |
|
|
|
$ |
152,035 |
|
|
$ |
86,676 |
|
|
$ |
65,359 |
|
|
|
|
| Summary of Estimated Future Amortization of Purchased Intangible Assets |
As of November 30, 2021, the estimated future amortization of purchased intangible assets is as follows:
|
Fiscal year: |
|
|
|
|
|
2022 |
|
$ |
11,820 |
|
|
2023 |
|
|
15,225 |
|
|
2024 |
|
|
11,453 |
|
|
2025 |
|
|
11,307 |
|
|
2026 and thereafter |
|
|
11,581 |
|
|
Total |
|
$ |
61,386 |
|
|