Asset Retirement Obligations

9 Months Ended

May 26, 2018

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

Asset Retirement Obligations

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 thirty-nine weeks endedMay 26, 2018 was as follows (in thousands):

	May 26, 2018
Beginning balance as of August 26, 2017	$	13,400
Accretion expense	704
Effect of exchange rate changes	(83		)
Change in estimate	(559		)
Ending balance as of May 26, 2018	$	13,462

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