Goodwill and Other Intangible Assets

12 Months Ended

Aug. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

8. 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 Company does not amortize goodwill, but it is reviewed annually or more frequently if certain indicators arise, for impairment. There were no impairment losses related to goodwill or intangible assets during fiscal 2025, 2024 and 2023.

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


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
Goodwill recorded during the period		8,935
Other		(37	)
Balance as of August 30, 2025	$	657,748

As of August 30, 2025, the Company has allocated $645.8 million, $8.7 million and $3.2 million of goodwill to its Uniform & Facility Service Solutions, First Aid & Safety Solutions and Other segments, respectively.

Intangible assets, net in the Company’s Consolidated Balance Sheets as of August 30, 2025 and August 31, 2024 are as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
August 30, 2025
Customer contracts	$	318,148	$	243,364	$	74,784
Software		81,659		52,355		29,304
Other intangible assets		40,003		38,262		1,741
	$	439,810	$	333,981	$	105,829
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

Estimated amortization expense for the five fiscal years subsequent to August 30, 2025 and thereafter, based on intangible assets, net as of August 30, 2025 are as follows (in thousands):


2026	$	20,141
2027		17,008
2028		15,032
2029		12,693
2030		11,300
Thereafter		29,655
Total estimated amortization expense	$	105,829