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Goodwill and Intangibles (Tables)
6 Months Ended
Feb. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets Intangible assets, net in the Condensed Consolidated Balance Sheets consists of the following:
February 26, 2022
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 35,903 138,097 
Licensing agreements13 years22,000 7,623 14,377 
Proprietary recipes and formulas7 years7,000 4,631 2,369 
Software and website development costs3-5 years5,863 3,609 2,254 
$1,182,863 $51,766 $1,131,097 
August 28, 2021
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 30,103 143,897 
Licensing agreements13 years22,000 6,664 15,336 
Proprietary recipes and formulas7 years7,000 4,131 2,869 
Software and website development costs3-5 years5,560 2,924 2,636 
Intangible assets in progress3-5 years303 — 303 
$1,182,863 $43,822 $1,139,041 
Schedule of Indefinite-Lived Intangible Assets Intangible assets, net in the Condensed Consolidated Balance Sheets consists of the following:
February 26, 2022
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 35,903 138,097 
Licensing agreements13 years22,000 7,623 14,377 
Proprietary recipes and formulas7 years7,000 4,631 2,369 
Software and website development costs3-5 years5,863 3,609 2,254 
$1,182,863 $51,766 $1,131,097 
August 28, 2021
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 30,103 143,897 
Licensing agreements13 years22,000 6,664 15,336 
Proprietary recipes and formulas7 years7,000 4,131 2,869 
Software and website development costs3-5 years5,560 2,924 2,636 
Intangible assets in progress3-5 years303 — 303 
$1,182,863 $43,822 $1,139,041 
Estimated Future Amortization Estimated future amortization for each of the next five fiscal years and thereafter is as follows:
(In thousands)Amortization
Remainder of 2022$7,896 
202315,602 
202414,917 
202513,517 
202613,517 
2027 and thereafter91,648 
Total$157,097