Goodwill and Other Intangible Assets

6 Months Ended

Feb. 25, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

10. Goodwill and Other Intangible Assets

When the Company acquires a business, the amount assigned to the tangible assets and liabilities and intangible assets acquired is based on their respective fair values determined as of the acquisition date. The excess of the purchase price over the tangible assets and liabilities and intangible assets is recorded as goodwill.

The changes in the carrying amount of goodwill are as follows (in thousands):


Balance as of August 27, 2022	$	457,259
Goodwill recorded during the period		3,944
Other		(153	)
Balance as of February 25, 2023	$	461,050

Intangible assets, net in the Company’s consolidated balance sheets are as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
February 25, 2023
Customer contracts	$	249,749	$	203,391	$	46,358
Software		78,339		43,510		34,829
Other intangible assets		37,428		35,648		1,780
	$	365,516	$	282,549	$	82,967
August 27, 2022
Customer contracts	$	247,721	$	198,668	$	49,053
Software		75,528		41,637		33,891
Other intangible assets		37,520		35,491		2,029
	$	360,769	$	275,796	$	84,973