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Goodwill and Intangible Assets (Tables)
9 Months Ended
May 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill by segment were as follows for the first nine months of Fiscal 2020 and 2019, of which there were no accumulated impairment losses:
(in thousands)TowableMotorhomeCorporate / All OtherTotal
Balances at August 25, 2018$244,684  $—  $29,686  $274,370  
Chris-Craft purchase price adjustment(1)
—  —  1,287  1,287  
Balances at May 25, 2019$244,684  $—  $30,973  $275,657  
Balances at August 31, 2019$244,684  $—  $30,247  $274,931  
Acquisition of Newmar(2)
—  73,127  —  73,127  
Balances at May 30, 2020$244,684  $73,127  $30,247  $348,058  
(1) Refer to Note 2, Business Combinations, of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 31, 2019 for additional information.
(2) Refer to Note 2, Business Combinations, for additional information.
Schedule of Other Intangible Assets
Other intangible assets, net of accumulated amortization, consist of the following:
May 30, 2020August 31, 2019
($ in thousands)Weighted Average Life-YearsCostAccumulated AmortizationWeighted Average Life-YearsCostAccumulated Amortization
Trade namesIndefinite$275,250  Indefinite$177,250  
Dealer networks12.1159,581  $29,195  12.295,581  $20,329  
Backlog0.528,327  28,327  0.519,527  19,527  
Non-compete agreements4.36,647  3,924  4.15,347  3,077  
Leasehold interest-favorable—  —  8.12,000  690  
Other intangible assets, gross469,805  61,446  299,705  43,623  
Less accumulated amortization61,446  43,623  
Other intangible assets, net$408,358  $256,082  
Schedule of Remaining Estimated Aggregate Annual Amortization Expense
Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(in thousands)Amount
Fiscal 2020$3,590  
Fiscal 202114,361  
Fiscal 202213,719  
Fiscal 202313,526  
Fiscal 202413,424  
Thereafter74,488  
Total amortization expense remaining$133,108