Fair Value Measurements (Tables)

12 Months Ended

Aug. 30, 2014

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:


	August 30, 2014
(in thousands)	Level 1		Level 2		Level 3		Fair Value

Other current assets	$	9,801	$	599	$	—	$	10,400
Other long-term assets		53,133		21,722		—		74,855

	$	62,934	$	22,321	$	—	$	85,255


	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)	August 30, 2014			August 31, 2013

Fair value – beginning of period	$	(242	)	$	—
Fair value of contingent consideration issued during the period		—			(22,678	)
Change in fair value		242			22,436

Fair value – end of period	$	—		$	(242	)

- 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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