Goodwill and Intangibles

8 Months Ended

May 04, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Note J – Goodwill and Intangibles     

As of May 4, 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		(22,475	)		6,901
			$	30,246	$	(23,345	)		6,901
Total intangible assets other than goodwill								$	6,901

Amortization expense of intangible assets for the twelve and thirty-six week periods ended May 4, 2019 was $1.0 million and $2.9 million, respectively. Amortization expense of intangible assets for the twelve and thirty-six week periods ended May 5, 2018 was $1.0 million and $3.8 million, respectively.