Asset Retirement Obligations

9 Months Ended

May 25, 2019

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

11. 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 ended May 25, 2019 was as follows (in thousands):

	May 25, 2019
Beginning balance as of August 25, 2018	$	13,668
Accretion expense		647
Effect of exchange rate changes		(106	)
Change in estimate		(1,705	)
Ending balance as of May 25, 2019	$	12,504

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