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Goodwill And Other Intangibles
12 Months Ended
Aug. 31, 2014
Goodwill And Other Intangibles [Abstract]  
Goodwill And Other Intangibles

5.  Goodwill and Other Intangibles

 

As of August 31, 2014, the Company had $77.1 million of goodwill.

   

The changes in the carrying amount of goodwill were as follows:

 

 

 

 

 

 

 

 

 

 

 

Fiscal year ended

 

 

August 31,

 

 

2014

 

2013

Balance at beginning of year

 

$

77,093 

 

$

76,997 

Goodwill acquired during the year

 

 

 -

 

 

96 

Balance at end of year

 

$

77,093 

 

$

77,093 

 

The gross carrying amount of franchise agreements, intellectual property, franchise fees and other intangibles subject to amortization was $10.3 million at August 31, 2014 and 2013 and is included in other assets in the accompanying consolidated balance sheets.  Accumulated amortization related to these intangible assets was $5.0 million and $4.1 million at August 31, 2014 and 2013, respectively.  Intangible assets amortization expense was $0.9 million for the fiscal years ended August 31, 2014 and 2013 and $0.8 million for fiscal year 2012.  At August 31, 2014, the remaining weighted-average life of amortizable intangible assets was approximately 11 years.  Estimated intangible assets amortization expense is $0.9 million annually for fiscal years 2015, 2016 and 2017 and $0.3 million for fiscal years 2018 and 2019.