Goodwill and Intangible Assets

12 Months Ended

Aug. 27, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in carrying value of goodwill by reportable segment, with no accumulated impairment losses, for Fiscal 2022, 2021, and 2020 are as follows:

	Towable		Motorhome		Marine		Total
Balances at August 29, 2020 (1)	$	244,684	$	73,127	$	30,247	$	348,058
Balances at August 28, 2021	$	244,684	$	73,127	$	30,247	$	348,058
Acquisition of Barletta(2)	—		—		136,118		136,118
Balances at August 27, 2022	$	244,684	$	73,127	$	166,365	$	484,176

(1)    There was no activity between the years ended August 29, 2020 and August 28, 2021.

(2)    Refer to Note 2 for additional information on the acquisition of Barletta.

The valuation used to test goodwill for impairment is dependent upon a number of significant estimates and assumptions, including macroeconomic conditions, growth rates, competitive activities, cost containment, margin expansion and our business plans. We believe these estimates and assumptions are reasonable. However, future changes in the judgments, assumptions and estimates that are used in our goodwill impairment analysis, including discount and tax rates or future cash flow projections, could result in significantly different estimates of the fair values.

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

	August 27, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	352,250			$	352,250
Dealer networks	179,981		$	60,518	119,463
Backlog	42,327		42,327		—
Non-compete agreements	6,647		5,972		675
Other intangible assets	581,205		108,817		472,388
	August 28, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	275,250			$	275,250
Dealer networks	159,581		$	45,652	113,929
Backlog	28,327		28,327		—
Non-compete agreements	6,647		5,419		1,228
Other intangible assets	469,805		79,398		390,407

The weighted average remaining amortization period for finite-lived intangible assets as of August 27, 2022 was approximately eight years.

Estimated future amortization expense related to finite-lived intangible assets is as follows:

	Amortization
Fiscal 2023	$	15,226
Fiscal 2024	15,124
Fiscal 2025	14,919
Fiscal 2026	14,865
Fiscal 2027	14,865
Thereafter	45,139
Total amortization expense remaining	$	120,138