Note 8 - Goodwill and Other Intangible Assets
 3 Months Ended
Nov. 30, 2011
Goodwill and Intangible Assets Disclosure [Text Block]
Note 8 — Goodwill and Other Intangibles

Goodwill

We perform our annual goodwill impairment review on March 1st of each fiscal year or earlier if events occur that indicate an impairment could exist. During the three months ended November 30, 2011, no events occurred that indicated our goodwill might be impaired.

The following table reflects the changes in the carrying value of goodwill by segment from August 31, 2011, to November 30, 2011 (in thousands):

   
Power
   
Plant
Services
   
E&I
   
E&C
   
F&M
   
Total
 
Balance at August 31, 2011
  $ 139,177     $ 42,027     $ 207,862     $ 139,099     $ 17,625     $ 545,790  
Acquisitions and related adjustments
    —       —       30       —       —       30  
Currency translation adjustment
    —       —       (638 )     (589 )     (738 )     (1,965 )
Balance at November 30, 2011
  $ 139,177     $ 42,027     $ 207,254     $ 138,510     $ 16,887     $ 543,855  

The measurement period for purchase price allocations ends as soon as information on the facts and circumstances becomes available but will not exceed 12 months. Adjustments in the purchase price allocation may require a recasting of the amounts allocated to goodwill retroactive to the period in which the acquisition occurred.  We had tax-deductible goodwill of approximately $62.0 million and $65.8 million at November 30, 2011, and August 31, 2011, respectively. The difference between the carrying value of goodwill and the amount deductible for taxes is primarily due to the amortization of goodwill allowable for tax purposes.

Other Intangible Assets

The gross carrying values and accumulated amortization of amortizable intangible assets are presented below (in thousands):

   
Proprietary Technologies,
Patents and Tradenames
   
Client Relationships
 
   
Gross Carrying Amount
   
Accumulated Amortization
   
Gross Carrying Amount
   
Accumulated Amortization
 
Balance at August 31, 2011
  $ 41,957     $ (27,735 )   $ 5,016     $ (2,096 )
Currency translation adjustments
    (42 )     12       (38 )     (154 )
Amortization
    —       (699 )     —       —  
Balance at November 30, 2011
  $ 41,915     $ (28,422 )   $ 4,978     $ (2,250 )

The following table presents the scheduled future annual amortization for our intangible assets not associated with contract adjustments (in thousands):

 
 
 
Proprietary Technologies,
Patents, and Tradenames
   
Client Relationships
 
Remainder of fiscal year 2012
  $ 2,197     $ 401  
2013
    2,790       423  
2014
    2,713       423  
2015
    2,639       423  
2016
    2,594       423  
Thereafter
    560       635  
Total
  $
13,493
    $ 2,728