Goodwill and Other Intangible Assets

6 Months Ended

Mar. 01, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

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 for the twenty-six weeks ended March 1, 2025 were as follows (in thousands):

Balance as of August 31, 2024	$	648,850
Goodwill recorded during the period		4,508
Other		(316	)
Balance as of March 1, 2025	$	653,042

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

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
March 1, 2025
Customer contracts	$	315,833	$	235,714	$	80,119
Software		80,626		52,434		28,192
Other intangible assets		39,711		37,082		2,629
	$	436,170	$	325,230	$	110,940
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