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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 29, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Intangible Assets and Goodwill These amounts include additional payments associated with prior year acquisitions:

Year ended

 

August 29,

2020

 

 

Weighted

Average Life

in Years

 

 

August 31,

2019

 

 

Weighted

Average Life

in Years

 

Goodwill

 

$

23,544

 

 

N/A

 

 

$

3,885

 

 

N/A

 

Customer contracts

 

 

12,697

 

 

 

14.1

 

 

 

1,070

 

 

 

10.0

 

Other intangible assets

 

 

594

 

 

 

5.3

 

 

 

118

 

 

 

3.0

 

Total intangible assets and goodwill acquired

 

$

36,835

 

 

 

 

 

 

$

5,073

 

 

 

 

 

 

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 25, 2018

 

$

397,422

 

Goodwill recorded during the period

 

 

3,885

 

Other

 

 

(129

)

Balance as of August 31, 2019

 

$

401,178

 

Goodwill recorded during the period

 

 

23,544

 

Other

 

 

122

 

Balance as of August 29, 2020

 

$

424,844

 

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 29, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

234,065

 

 

$

177,119

 

 

$

56,946

 

Software

 

 

66,014

 

 

 

39,020

 

 

 

26,994

 

Other intangible assets

 

 

35,741

 

 

 

34,145

 

 

 

1,596

 

 

 

$

335,820

 

 

$

250,284

 

 

$

85,536

 

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

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for the five fiscal years subsequent to August 29, 2020 and thereafter, based on intangible assets, net as of August 29, 2020 is as follows (in thousands):

 

2021

 

$

14,127

 

2022

 

 

12,573

 

2023

 

 

10,633

 

2024

 

 

9,367

 

2025

 

 

8,276

 

Thereafter

 

 

30,560

 

Total estimated amortization expense

 

$

85,536