Asset Retirement Obligations

3 Months Ended

Nov. 24, 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 thirteen weeks endedNovember 24, 2018 was as follows (in thousands):

	November 24, 2018
Beginning balance as of August 25, 2018	$	13,668
Accretion expense	220
Effect of exchange rate changes	(70		)
Change in estimate	(1,705		)
Ending balance as of November 24, 2018	$	12,113

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