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Goodwill And Other Intangible Assets
6 Months Ended
Mar. 02, 2019
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets

Note 6. Goodwill and Other Intangible Assets



The change in the carrying amount of goodwill is as follows:



 

 

 



 

 

 

Balance as of September 1, 2018

 

$

674,998 

TAC acquisition

 

 

2,872 

Foreign currency translation adjustment

 

 

(369)

Balance as of March 2, 2019

 

$

677,501 



The components of the Company’s other intangible assets as of March 2, 2019 and September 1, 2018 are as follows:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

March 2, 2019

 

September 1, 2018



Weighted Average Useful Life (in years)

 

Gross Carrying Amount

 

Accumulated Amortization

 

Gross Carrying Amount

 

Accumulated Amortization

Customer Relationships

-

18

 

$

214,460 

 

$

(107,423)

 

$

208,260 

 

$

(101,916)

Trademarks

-

5

 

 

6,516 

 

 

(4,690)

 

 

6,630 

 

 

(4,384)

Trademarks

Indefinite

 

 

14,199 

 

 

 —

 

 

14,134 

 

 

 —

Total

 

 

 

 

$

235,175 

 

$

(112,113)

 

$

229,024 

 

$

(106,300)



For the twenty-six-week period ended March 2, 2019, the Company recorded approximately $6,200 of intangible assets, primarily consisting of the acquired customer relationships from the TAC acquisition. See Note 5 “Business Combination.”  During the twenty-six-week period ended March 2, 2019, approximately $49 in gross intangible assets, and any related accumulated amortization, were written off related to trademarks that are no longer being utilized. 



The Company’s intangible assets are amortized on a straight-line basis, including customer relationships, as it approximates customer attrition patterns and best estimates the use pattern of the asset. Amortization expense of the Company’s intangible assets was $5,664 and $4,904 for the twenty-six-week periods ended March 2, 2019 and March 3, 2018, respectively. The Company expects amortization expense to be approximately $5,720 for the remainder of fiscal 2019 and for each of the five succeeding fiscal years as follows:











 

 

 



 

 

 

Fiscal Year

 

 

 

2020

 

$

10,485 

2021

 

 

9,807 

2022

 

 

9,793 

2023

 

 

9,793 

2024

 

 

9,770