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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 26, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

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

 

Balance as of August 28, 2021

 

$

429,538

 

Goodwill recorded during the period

 

 

27,964

 

Other

 

 

(243

)

Balance as of August 27, 2022

 

$

457,259

 

Goodwill recorded during the period

 

 

190,777

 

Other

 

 

(136

)

Balance as of August 26, 2023

 

$

647,900

 

Schedule of Intangible Assets, Net

Intangible assets, net in the Company’s accompanying Consolidated Balance Sheets are as follows (in thousands):

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

August 26, 2023

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

315,448

 

 

$

211,996

 

 

$

103,452

 

Software

 

 

80,538

 

 

 

45,117

 

 

 

35,421

 

Other intangible assets

 

 

43,598

 

 

 

36,853

 

 

 

6,745

 

 

$

439,584

 

 

$

293,966

 

 

$

145,618

 

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

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for the five fiscal years subsequent to August 26, 2023 and thereafter, based on intangible assets, net as of August 26, 2023 is as follows (in thousands):

 

2024

 

$

26,507

 

2025

 

 

24,578

 

2026

 

 

21,731

 

2027

 

 

15,106

 

2028

 

 

13,561

 

Thereafter

 

 

44,135

 

Total estimated amortization expense

 

$

145,618