
(in thousands)
Goodwill as of July 31, 2023	$	425,209
Addition for acquisition	58,609
Goodwill as of April 30, 2024	$	483,818

In connection with the Sonoma-Cutrer acquisition, the Company recognized goodwill of $58.6 million, during the three and nine months ended April 30, 2024. See Note 4 (Business Combination) for additional information regarding the acquisition.


	April 30, 2024
(in thousands)	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Customer relationships	$	92,720	$	(55,063)	$	37,657

Total definite-lived intangible assets	92,720		(55,063)		37,657

Indefinite-lived intangible assets:
Trade names	156,600		—		156,600
Lane rights	1,300		—		1,300
Total indefinite-lived intangible assets	157,900		—		157,900
Total intangible assets, net	$	250,620	$	(55,063)	$	195,557


	July 31, 2023
(in thousands)	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Customer relationships	$	92,720	$	(49,393)	$	43,327

Total definite-lived intangible assets	92,720		(49,393)		43,327

Indefinite-lived intangible assets:
Trade names	139,600		—		139,600
Lane rights	1,300		—		1,300
Total indefinite-lived intangible assets	140,900		—		140,900
Total intangible assets, net	$	233,620	$	(49,393)	$	184,227

The Company recognized an indefinite-lived trade name of $17.0 million during the three and nine months ended April 30, 2024 related to the Sonoma-Cutrer acquisition, see Note 4 (Business Combination) for additional information.

The Company’s amortization expense was $1.9 million for both the three months ended April 30, 2024 and 2023 and $5.7 million for both the nine months ended April 30, 2024 and 2023. Estimated future amortization expense for each of the following five fiscal years and thereafter is as follows:


(in thousands)	Amount
Remainder of 2024	$	1,890
2025	7,560
2026	7,560
2027	7,560
2028	7,560
2029 and thereafter	5,527
Total	$	37,657