Goodwill and Intangible Assets

3 Months Ended

Nov. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by segment were as follows for the first three months of Fiscal 2021 and 2020, of which there were no accumulated impairment losses:

(in thousands)	Towable		Motorhome		Corporate / All Other		Total
Balances at August 31, 2019	$	244,684	$	—	$	30,247	$	274,931
Acquisition of Newmar(1)	—		72,909		—		72,909
Balances at November 30, 2019	$	244,684	$	72,909	$	30,247	$	347,840
Balances at August 29, 2020 and November 28, 2020(2)	$	244,684	$	73,127	$	30,247	$	348,058

(1)    The change in Motorhome activity is related to the acquisition of Newmar. Refer to Note 2, Business Combinations, for additional information.

(2) There was no activity in the three months beginning August 29, 2020 and ending November 28, 2020.

Other intangible assets, net of accumulated amortization, consist of the following:

		November 28, 2020					August 29, 2020
($ in thousands)	Weighted Average Life-Years	Cost		Accumulated Amortization		Weighted Average Life-Years	Cost		Accumulated Amortization
Trade names	Indefinite	$	275,250			Indefinite	$	275,250
Dealer networks	12.1	159,581		$	35,778	12.2	159,581		$	32,487
Backlog	0.5	28,327		28,327		0.5	28,327		28,327
Non-compete agreements	4.3	6,647		4,522		4.1	6,647		4,223
Other intangible assets, gross		469,805		68,627			469,805		65,037
Less accumulated amortization		68,627					65,037
Other intangible assets, net		$	401,178				$	404,768

The weighted average remaining amortization period for intangible assets as of November 28, 2020 was approximately 10 years.

Remaining estimated aggregate annual amortization expense by fiscal year is as follows:

(in thousands)	Amount
Fiscal 2021	$	10,771
Fiscal 2022	13,719
Fiscal 2023	13,526
Fiscal 2024	13,424
Fiscal 2025	13,219
Thereafter	61,269
Total amortization expense remaining	$	125,928