XML 41 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Intangible Assets and Goodwill These amounts include additional payments associated with prior year acquisitions as well as changes to acquisition purchase allocations that had not been finalized as of the end of the prior fiscal year:

Year ended

 

August 31,

2019

 

 

Weighted

Average Life

in Years

 

 

August 25,

2018

 

 

Weighted

Average Life

in Years

 

Goodwill

 

$

3,885

 

 

N/A

 

 

$

21,500

 

 

N/A

 

Customer contracts

 

 

1,070

 

 

 

10.0

 

 

 

11,707

 

 

 

14.9

 

Other intangible assets

 

 

118

 

 

 

3.0

 

 

 

906

 

 

 

6.1

 

Total intangible assets and goodwill acquired

 

$

5,073

 

 

 

 

 

 

$

34,113

 

 

 

 

 

 

Schedule of Changes in Carrying Amount of Goodwill

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

 

Balance as of August 26, 2017

 

$

376,110

 

Goodwill recorded during the period

 

 

21,500

 

Other

 

 

(188

)

Balance as of August 25, 2018

 

$

397,422

 

Goodwill recorded during the period

 

 

3,885

 

Other

 

 

(129

)

Balance as of August 31, 2019

 

$

401,178

 

Schedule of Intangible Assets, Net

Intangible assets, net in the Company’s accompanying Consolidated Balance Sheets are as follows (in thousands):

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

August 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

221,306

 

 

$

164,718

 

 

$

56,588

 

Software

 

 

48,838

 

 

 

34,813

 

 

 

14,025

 

Other intangible assets

 

 

35,063

 

 

 

32,956

 

 

 

2,107

 

 

 

$

305,207

 

 

$

232,487

 

 

$

72,720

 

August 25, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

220,303

 

 

$

152,985

 

 

$

67,318

 

Software

 

 

41,885

 

 

 

30,305

 

 

 

11,580

 

Other intangible assets

 

 

35,030

 

 

 

31,444

 

 

 

3,586

 

 

 

$

297,218

 

 

$

214,734

 

 

$

82,484

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for the five fiscal years subsequent to August 31, 2019 and thereafter, based on intangible assets, net as of August 31, 2019 is as follows (in thousands):

 

2020

 

 

15,723

 

2021

 

 

11,881

 

2022

 

 

8,231

 

2023

 

 

6,670

 

2024

 

 

5,613

 

Thereafter

 

 

24,602

 

Total estimated amortization expense

 

$

72,720