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Goodwill and Intangibles (Tables)
12 Months Ended
Aug. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows:

 

(in thousands)

   Auto Parts
Stores
     Other     Total  

Net balance as of August 26, 2012

   $ 302,645       $ —        $ 302,645   

Goodwill added through acquisition (1)

     —           83,440        83,440   

Goodwill adjustments (2)

     —           (18,256     (18,256
  

 

 

    

 

 

   

 

 

 

Net balance as of August 31, 2013

   $ 302,645       $ 65,184      $ 367,829   
  

 

 

    

 

 

   

 

 

 

 

(1) See Note M for discussion of the acquisition completed during the second quarter of fiscal 2013
(2) Total accumulated goodwill impairment as of August 31, 2013, is $18.3 million
Schedule of Carrying Amounts of Intangible Assets

The carrying amounts of intangible assets, which all relate to the AutoAnything acquisition, are included in Other long-term assets as follows:

 

(in thousands)

   Estimated
Useful

Life
     Gross
Carrying
Amount
     Accumulated
Amortization
    Impairment     Net
Carrying
Amount
 

Technology

     5 years       $ 9,700       $ (1,365   $ —        $ 8,335   

Noncompete agreement

     5 years         1,300         (183     —          1,117   

Customer relationships

     10 years         19,000         (1,336     —          17,664   

Trade name

     Indefinite         28,700         —          (4,100     24,600   
     

 

 

    

 

 

   

 

 

   

 

 

 
      $ 58,700       $ (2,884   $ (4,100   $ 51,716
Schedule of Future Amortization Expense for Finite Lived Intangible Assets

Total future amortization expense for intangible assets that have finite lives, based on the existing intangible assets and their current estimated useful lives as of August 31, 2013, is estimated as follows:

 

(in thousands)

   Total  

2014

   $ 4,100   

2015

     4,100   

2016

     4,100   

2017

     4,100   

2018

     2,553   

Thereafter

     8,163   
  

 

 

 
   $ 27,116