Goodwill and Intangibles (Tables)
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6 Months Ended |
Feb. 23, 2019 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Finite-Lived Intangible Assets |
Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: | | | | | | | | | | | | | | | | | | | | February 23, 2019 | (In thousands) | | Useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | Intangible assets with indefinite life: | | | | | | | | | Brands and trademarks | | Indefinite life | | $ | 232,000 |
| | $ | — |
| | $ | 232,000 |
| Intangible assets with finite lives: | | | |
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| Customer relationships | | 15 years | | 59,000 |
| | 6,415 |
| | 52,585 |
| Proprietary recipes and formulas | | 7 years | | 7,000 |
| | 1,631 |
| | 5,369 |
| Licensing agreements | | 14 years | | 22,000 |
| | 2,563 |
| | 19,437 |
| | | | | $ | 320,000 |
| | $ | 10,609 |
| | $ | 309,391 |
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| | | | | | | | | | | | | | | | | | | | August 25, 2018 | (In thousands) | | Useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | Intangible assets with indefinite life: | | | | | | | | | Brands and trademarks | | Indefinite life | | $ | 232,000 |
| | $ | — |
| | $ | 232,000 |
| Intangible assets with finite lives: | | | | | | | | | Customer relationships | | 15 years | | 59,000 |
| | 4,448 |
| | 54,552 |
| Proprietary recipes and formulas | | 7 years | | 7,000 |
| | 1,131 |
| | 5,869 |
| Licensing agreements | | 14 years | | 22,000 |
| | 1,778 |
| | 20,222 |
| | | | | $ | 320,000 |
| | $ | 7,357 |
| | $ | 312,643 |
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Schedule of Indefinite-Lived Intangible Assets |
Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: | | | | | | | | | | | | | | | | | | | | February 23, 2019 | (In thousands) | | Useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | Intangible assets with indefinite life: | | | | | | | | | Brands and trademarks | | Indefinite life | | $ | 232,000 |
| | $ | — |
| | $ | 232,000 |
| Intangible assets with finite lives: | | | |
|
| |
|
| |
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| Customer relationships | | 15 years | | 59,000 |
| | 6,415 |
| | 52,585 |
| Proprietary recipes and formulas | | 7 years | | 7,000 |
| | 1,631 |
| | 5,369 |
| Licensing agreements | | 14 years | | 22,000 |
| | 2,563 |
| | 19,437 |
| | | | | $ | 320,000 |
| | $ | 10,609 |
| | $ | 309,391 |
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| | | | | | | | | | | | | | | | | | | | August 25, 2018 | (In thousands) | | Useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | Intangible assets with indefinite life: | | | | | | | | | Brands and trademarks | | Indefinite life | | $ | 232,000 |
| | $ | — |
| | $ | 232,000 |
| Intangible assets with finite lives: | | | | | | | | | Customer relationships | | 15 years | | 59,000 |
| | 4,448 |
| | 54,552 |
| Proprietary recipes and formulas | | 7 years | | 7,000 |
| | 1,131 |
| | 5,869 |
| Licensing agreements | | 14 years | | 22,000 |
| | 1,778 |
| | 20,222 |
| | | | | $ | 320,000 |
| | $ | 7,357 |
| | $ | 312,643 |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated future amortization for each of the next five fiscal years and thereafter is as follows: | | | | | | (In thousands by fiscal year) | | | Remainder of 2019 | | $ | 3,253 |
| 2020 | | 6,505 |
| 2021 | | 6,505 |
| 2022 | | 6,505 |
| 2023 | | 6,505 |
| 2024 and thereafter | | 48,118 |
| Total | | $ | 77,391 |
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