Goodwill and Intangibles

5 Months Ended

Feb. 09, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Note J – Goodwill and Intangibles

As of February 9, 2019, there were no changes to the carrying amount of goodwill as described in our Annual Report on Form 10-K for the year ended August 25, 2018.

The carrying amounts of intangible assets are included in Other long-term assets as follows:

(in thousands)	Estimated   Useful Life		Gross   Carrying   Amount			Accumulated   Amortization				Net         Carrying         Amount
Amortizing intangible assets:
Technology		3-5 years		$	870		$	(870	)		$	–
Customer relationships		3-10 years			29,376			(21,512	)			7,864
				$	30,246		$	(22,382	)			7,864
Total intangible assets other than goodwill											$	7,864

Amortization expense of intangible assets for the twelve and twenty-four week periods ended February 9, 2019 was $1.0 million and $1.9 million, respectively. Amortization expense of intangible assets for the twelve and twenty-four week periods ended February 10, 2018 was $1.4 million and $2.8 million, respectively.