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Goodwill and Intangible Assets Goodwill and Intangible Assets (Notes)
9 Months Ended
May 25, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by segment were as follows for the first nine months of Fiscal 2019 and 2018, of which there are no accumulated impairment losses:
(in thousands)
Towable
 
Corporate / All Other
 
Total
Balances at August 26, 2017
$
242,728

 
$

 
$
242,728

Grand Design purchase price adjustment(1)
1,956

 

 
1,956

Balances at May 26, 2018
$
244,684

 
$

 
$
244,684

 
 
 
 
 
 
Balances at August 25, 2018
$
244,684

 
$
29,686

 
$
274,370

Chris-Craft purchase price adjustment(2)

 
1,287

 
1,287

Balances at May 25, 2019
$
244,684

 
$
30,973

 
$
275,657

(1)
Refer to Note 2, Business Combinations, of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 for additional information.
(2)
Purchase price adjustments of $0.7 million made for a working capital payment made in the first quarter of Fiscal 2019 and of $0.6 million for an adjustment to taxes recorded in the third quarter of Fiscal 2019. For additional information related to the acquisition of Chris-Craft USA, Inc., refer to Note 2, Business Combinations, of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018.

Other intangible assets, net of accumulated amortization, consist of the following:
 
 
 
May 25, 2019
 
August 25, 2018
(in thousands)
Weighted Average Life-Years
 
Cost
 
Accumulated Amortization
 
Cost
 
Accumulated Amortization
Trade names
Indefinite
 
$
177,250

 
 
 
$
177,250

 
 
Dealer networks
12.2
 
95,581

 
$
18,216

 
95,581

 
$
12,328

Backlog
0.5
 
19,527

 
19,527

 
19,527

 
19,135

Non-compete agreements
4.1
 
5,347

 
2,824

 
5,347

 
2,084

Leasehold interest-favorable
8.1
 
2,000

 
625

 
2,000

 
441

Other intangible assets, gross
 
 
299,705

 
41,192

 
299,705

 
33,988

Less accumulated amortization
 
 
41,192

 
 
 
33,988

 
 
Other intangible assets, net
 
 
$
258,513

 
 
 
$
265,717

 
 


The weighted average remaining amortization period for intangible assets as of May 25, 2019 was approximately 11 years.

Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(in thousands)
Amount
Fiscal 2019
$
2,283

Fiscal 2020
9,032

Fiscal 2021
9,032

Fiscal 2022
8,405

Fiscal 2023
8,197

Thereafter
44,314

Total amortization expense remaining
$
81,263