Asset Retirement Obligations

9 Months Ended

May 27, 2017

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-seven years.

A reconciliation of the Company’s asset retirement liability for the thirty-nine weeks endedMay 27, 2017 was as follows (in thousands):

	May 27, 2017
Beginning balance as of August 27, 2016	$	13,032
Accretion expense	636
Effect of exchange rate changes	(10		)
Change in estimate	(537		)
Ending balance as of May 27, 2017	$	13,121

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