Assets Held For Sale

9 Months Ended

May 31, 2016

9.Assets Held for Sale

Assets held for sale consist of Company Drive-Ins that are expected to sell within one year as part of the Company’s plan to move toward an approximately 95%-franchised system. Such assets are classified as assets held for sale upon meeting the requirements of ASC 360, “Accounting for the Impairment or Disposal of Long-Lived Assets.” These assets are recorded at the lower of the carrying amounts or fair values less costs to sell. Assets are no longer depreciated once classified as held for sale. The following table sets forth the components of assets held for sale:



	May 31,		August 31,
	2016		2015
Assets
Property, equipment and capital leases	$	12,925	$	-
Goodwill, net		501		-
Total assets held for sale	$	13,426	$	-