XML 25 R14.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Intangible Assets
 6 Months Ended
Feb. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill by reportable segment, with no accumulated impairment losses, for the six months ended February 25, 2023 and February 26, 2022 are as follows:
(in millions)TowableMotorhomeMarineTotal
Balances at August 28, 2021
$244.7 $73.1 $30.3 $348.1 
Acquisition of Barletta(1)
— — 136.1 136.1 
Balances at February 26, 2022
$244.7 $73.1 $166.4 $484.2 
Balances at August 27, 2022 and February 25, 2023(2)
$244.7 $73.1 $166.4 $484.2 
(1) The change in marine activity is related to the acquisition of Barletta that occurred on August 31, 2021. See Note 2 in the Notes to Consolidated Financial Statements included in Item 1 of Part I of this Quarterly Report on Form 10-Q.
(2) There was no activity in the six months ended February 25, 2023.

Other intangible assets, net of accumulated amortization, consist of the following:
February 25, 2023
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$352.3 $352.3 
Dealer networks180.0 $67.9 112.1 
Backlog42.3 42.3 — 
Non-compete agreements6.6 6.2 0.4 
Other intangible assets$581.2 $116.4 $464.8 
August 27, 2022
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$352.3 $352.3 
Dealer networks180.0 $60.5 119.5 
Backlog42.3 42.3 — 
Non-compete agreements6.6 6.0 0.6 
Other intangible assets$581.2 $108.8 $472.4 

The weighted average remaining amortization period for intangible assets as of February 25, 2023 was approximately eight years.
Estimated future amortization expense related to finite-lived intangible assets is as follows:
(in millions)Amortization
Remainder of Fiscal 2023
$7.6 
Fiscal 202415.1 
Fiscal 202514.9 
Fiscal 202614.9 
Fiscal 202714.9 
Fiscal 202814.9 
Thereafter30.2 
Total amortization expense remaining$112.5