XML 44 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Aug. 28, 2021
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 28,

2021

 

 

Weighted

Average Life

in Years

 

 

August 29,

2020

 

 

Weighted

Average Life

in Years

 

Goodwill

 

$

4,533

 

 

N/A

 

 

$

23,544

 

 

N/A

 

Customer contracts

 

 

3,219

 

 

 

10.0

 

 

 

12,697

 

 

 

14.1

 

Other intangible assets

 

 

179

 

 

 

5.0

 

 

 

594

 

 

 

5.3

 

Total intangible assets and goodwill acquired

 

$

7,931

 

 

 

 

 

 

$

36,835

 

 

 

 

 

 

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 31, 2019

 

$

401,178

 

Goodwill recorded during the period

 

 

23,544

 

Other

 

 

122

 

Balance as of August 29, 2020

 

$

424,844

 

Goodwill recorded during the period

 

 

4,533

 

Other

 

 

161

 

Balance as of August 28, 2021

 

$

429,538

 

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 28, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

$

237,384

 

 

$

188,255

 

 

$

49,129

 

Software

 

 

74,475

 

 

 

40,763

 

 

 

33,712

 

Other intangible assets

 

 

36,866

 

 

 

35,069

 

 

 

1,797

 

 

 

$

348,725

 

 

$

264,087

 

 

$

84,638

 

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

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for the five fiscal years subsequent to August 28, 2021 and thereafter, based on intangible assets, net as of August 28, 2021 is as follows (in thousands):

 

2022

 

$

13,466

 

2023

 

 

11,395

 

2024

 

 

10,046

 

2025

 

 

8,952

 

2026

 

 

7,865

 

Thereafter

 

 

32,914

 

Total estimated amortization expense

 

$

84,638