Other Assets

6 Months Ended

Feb. 26, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

3.

OTHER ASSETS

Goodwill and other assets consist of costs resulting from business acquisitions which total $2,368,452 at February 28, 2016 (net of accumulated amortization of $344,812 recorded prior to the adoption of ASC 350 Goodwill and Other Intangible Assets). At August 28, 2016, the Company also had deferred financing costs of $6,684 (net of accumulated amortization of $13,368) incurred in connection with a prior mortgage discussed in Note 4. These deferred financing costs were written off during the Company’s fiscal 2017 second quarter when the prior mortgage was paid off.