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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 31, 2024
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 27, 2022

 

$

457,259

 

Purchase price adjustments recorded during the period

 

 

190,777

 

Other

 

 

(136

)

Balance as of August 26, 2023

 

$

647,900

 

Purchase price adjustments recorded during the period

 

 

900

 

Other

 

 

50

 

Balance as of August 31, 2024

 

$

648,850

 

Schedule of Intangible Assets, Net

Intangible assets, net in the Company’s Consolidated Balance Sheets as of August 31, 2024 and August 26, 2023 are as follows (in thousands):

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

August 31, 2024

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

314,446

 

 

$

228,456

 

 

$

85,990

 

Software

 

 

81,482

 

 

 

51,023

 

 

 

30,459

 

Other intangible assets

 

 

39,826

 

 

 

36,276

 

 

 

3,550

 

 

$

435,754

 

 

$

315,755

 

 

$

119,999

 

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

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for the five fiscal years subsequent to August 31, 2024 and thereafter, based on intangible assets, net as of August 31, 2024 are as follows (in thousands):

 

2025

 

$

21,991

 

2026

 

 

19,296

 

2027

 

 

15,388

 

2028

 

 

13,668

 

2029

 

 

12,003

 

Thereafter

 

 

37,653

 

   Total estimated amortization expense

 

$

119,999