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Goodwill and Intangible Assets Goodwill and Intangible Assets
12 Months Ended
Aug. 25, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
Goodwill and Intangible Assets

The changes in carrying amount of goodwill by segment were as follows in Fiscal 2018, 2017, and 2016, noting we have no accumulated impairment losses:
(In thousands)
Towable
 
Corporate / All Other
 
Total
Balances at August 29, 2015
$
1,228

 
$

 
$
1,228

Balances at August 27, 2016
1,228

 

 
1,228

Acquisition of Grand Design(1)
241,500

 

 
241,500

Balances at August 26, 2017
242,728

 

 
242,728

Grand Design purchase price adjustment(1)
1,956

 

 
1,956

Acquisition of Chris-Craft(1)

 
29,686

 
29,686

Balances at August 25, 2018
$
244,684

 
$
29,686

 
$
274,370

(1)
Refer to Note 2, Business Combinations, for additional information on the acquisitions of Grand Design and Chris-Craft.

Intangible assets, net of accumulated amortization consists of the following:
 
August 25, 2018
 
August 26, 2017
(In thousands)
Weighted
Average Life-
Years
 
Cost
 
Accumulated
Amortization
 
Weighted
Average Life-
Years
 
Cost
 
Accumulated
Amortization
Trade name
Indefinite
 
$
177,250

 
 
 
Indefinite
 
$
148,000

 
 
Dealer network
12.2
 
95,581

 
$
12,328

 
12.0
 
80,500

 
$
5,348

Backlog
0.5
 
19,527

 
19,135

 
0.5
 
18,000

 
18,000

Non-compete agreements
4.1
 
5,347

 
2,084

 
4.0
 
4,600

 
1,116

Leasehold interest-favorable
8.1
 
2,000

 
441

 
8.1
 
2,000

 
196

Total intangible assets, gross
 
 
299,705

 
$
33,988

 
 
 
253,100

 
$
24,660

Less accumulated amortization
 
 
33,988

 
 
 
 
 
24,660

 
 
Total intangible assets, net
 
 
$
265,717

 
 
 
 
 
$
228,440

 
 


For Fiscal 2018 and 2017, amortization of intangible assets charged to operations was $9.3 million and $24.7 million, respectively. The weighted average remaining amortization period for intangible assets as of August 25, 2018 was approximately 11.4 years.

Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(In thousands)
Amount
Fiscal 2019
$
9,487

Fiscal 2020
9,032

Fiscal 2021
9,032

Fiscal 2022
8,405

Fiscal 2023
8,197

Thereafter
44,314

Total amortization expense remaining
$
88,467