Fair Value Measurements (Tables)

3 Months Ended

Nov. 23, 2013

Company's Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis were as follows:


	November 23, 2013
(in thousands)	Level 1		Level 2		Level 3			Fair Value

Other current assets	$	16,579	$	1,178	$	—		$	17,757
Other long-term assets		50,656		14,348		—			65,004

	$	67,235	$	15,526	$	—		$	82,761


Contingent consideration	$	—	$	—	$	(242	)	$	(242	)


	August 31, 2013
(in thousands)	Level 1		Level 2		Level 3			Fair Value

Other current assets	$	16,386	$	24	$	—		$	16,410
Other long-term assets		49,011		16,740		—			65,751

	$	65,397	$	16,764	$	—		$	82,161


Contingent consideration	$	—	$	—	$	(242	)	$	(242	)

Change in Contingent Consideration Liability at Fair Value on Recurring Basis

The change in the fair value of the contingent consideration liability is summarized as follows:


(in thousands)	Twelve Weeks Ended November 23, 2013

Fair value – beginning of period	$	(242	)
Change in fair value		—

Fair value – end of period	$	(242	)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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