Goodwill and Intangibles (Tables)
9 Months Ended
May 29, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Rollforward Changes to Goodwill during the thirty-nine weeks ended May 29, 2021 were as follows:
(in thousands)Goodwill
Balance as of August 29, 2020$544,774 
Acquisition of business, measurement period adjustment1,178 
Sale of business(2,818)
Balance as of May 29, 2021$543,134 
Schedule of Finite-Lived Intangible Assets Intangible assets, net in the Condensed Consolidated Balance Sheets consists of the following:
May 29, 2021
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 27,203 146,797 
Proprietary recipes and formulas7 years7,000 3,881 3,119 
Licensing agreements14 years22,000 6,099 15,901 
Software and website development costs3-5 years5,302 2,975 2,327 
Intangible assets in progress3-5 years55 — 55 
$1,182,357 $40,158 $1,142,199 
August 29, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$979,000 $— $979,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 18,503 155,497 
Proprietary recipes and formulas7 years7,000 3,131 3,869 
Licensing agreements14 years22,000 4,920 17,080 
Software and website development costs3-5 years5,967 2,645 3,322 
$1,187,967 $29,199 $1,158,768 
Schedule of Indefinite-Lived Intangible Assets Intangible assets, net in the Condensed Consolidated Balance Sheets consists of the following:
May 29, 2021
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$974,000 $— $974,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 27,203 146,797 
Proprietary recipes and formulas7 years7,000 3,881 3,119 
Licensing agreements14 years22,000 6,099 15,901 
Software and website development costs3-5 years5,302 2,975 2,327 
Intangible assets in progress3-5 years55 — 55 
$1,182,357 $40,158 $1,142,199 
August 29, 2020
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$979,000 $— $979,000 
Intangible assets with finite lives:
Customer relationships15 years174,000 18,503 155,497 
Proprietary recipes and formulas7 years7,000 3,131 3,869 
Licensing agreements14 years22,000 4,920 17,080 
Software and website development costs3-5 years5,967 2,645 3,322 
$1,187,967 $29,199 $1,158,768 
Estimated Future Amortization Estimated future amortization for each of the next five fiscal years and thereafter is as follows:
(In thousands)Amortization
Remainder of 2021$3,834 
202215,224 
202314,938 
202414,257 
202513,171 
2026 and thereafter106,720 
Total$168,144