Asset Retirement Obligations

6 Months Ended

Feb. 24, 2018

Asset Retirement Obligation Disclosure [Abstract]

The Company recognizes asset retirement obligations in the period in which they are incurred if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The Company continues to depreciate, on a straight-line basis, the amount added to property, plant and equipment and recognizes accretion expense in connection with the discounted liability over the various remaining lives which range from approximately one to twenty-six years.

A reconciliation of the Company’s asset retirement liability for the twenty-six weeks ended February 24, 2018 was as follows (in thousands):



	February 24, 2018
Beginning balance as of August 26, 2017	$	13,400
Accretion expense	470
Effect of exchange rate changes	164
Change in estimate	(405		)
Ending balance as of February 24, 2018	$	13,629

Asset retirement obligations are included in current and long-term accrued liabilities in the accompanying Consolidated Balance Sheets.