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Goodwill and Intangibles (Tables)
3 Months Ended
Nov. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Changes to Goodwill during the thirteen week period ended November 28, 2020 were as follows:
(in thousands)Goodwill
Balance as of August 29, 2020$544,774 
Acquisition of business, measurement period adjustment1,178 
Sale of business(2,818)
Balance as of November 28, 2020$543,134 
Schedule of Finite-Lived Intangible Assets Intangible assets, net in the Consolidated Balance Sheets consist of the following:
November 28, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Intangible assets with indefinite life:
Brands and trademarks
Indefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships
15 years174,000 21,403 152,597 
Proprietary recipes and formulas
7 years7,000 3,381 3,619 
Licensing agreements
14 years22,000 5,313 16,687 
Software and website development costs
3-5 years5,302 2,365 2,937 
Intangible assets in progress
3-5 years55 — 55 
$1,182,357 $32,462 $1,149,895 
August 29, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Intangible assets with indefinite life:
Brands and trademarks
Indefinite life$979,000 $— $979,000 
Intangible assets with finite lives:
Customer relationships
15 years174,000 18,503 155,497 
Proprietary recipes and formulas
7 years7,000 3,131 3,869 
Licensing agreements
14 years22,000 4,920 17,080 
Software and website development costs
3-5 years$5,967 $2,645 $3,322 
$1,187,967 $29,199 $1,158,768 
Schedule of Indefinite-Lived Intangible Assets Intangible assets, net in the Consolidated Balance Sheets consist of the following:
November 28, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Intangible assets with indefinite life:
Brands and trademarks
Indefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships
15 years174,000 21,403 152,597 
Proprietary recipes and formulas
7 years7,000 3,381 3,619 
Licensing agreements
14 years22,000 5,313 16,687 
Software and website development costs
3-5 years5,302 2,365 2,937 
Intangible assets in progress
3-5 years55 — 55 
$1,182,357 $32,462 $1,149,895 
August 29, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Intangible assets with indefinite life:
Brands and trademarks
Indefinite life$979,000 $— $979,000 
Intangible assets with finite lives:
Customer relationships
15 years174,000 18,503 155,497 
Proprietary recipes and formulas
7 years7,000 3,131 3,869 
Licensing agreements
14 years22,000 4,920 17,080 
Software and website development costs
3-5 years$5,967 $2,645 $3,322 
$1,187,967 $29,199 $1,158,768 
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)Amortization
Remainder of 2021$11,530 
202215,224 
202314,938 
202414,257 
202513,171 
2026 and thereafter106,720 
Total$175,840