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Business And Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 02, 2023
Accounting Policies [Abstract]  
Change in the Carrying Amount of Goodwill
The balances and changes in the carrying amount of goodwill are as follows:
Balance as of August 28, 2021$692,704
Engman-Taylor acquisition (1)
6,173
Tower Fasteners acquisition (2)
12,247
Foreign currency translation adjustments(994)
Balance as of September 3, 2022$710,130
Buckeye/Tru-Edge acquisition (3)
7,826
Tower Fasteners post-closing working capital adjustment (2)
123
Foreign currency translation adjustments95
Balance as of September 2, 2023$718,174
(1)In June 2022, the Company acquired certain assets and assumed certain liabilities of Engman-Taylor (as defined in Note 6, “Business Combinations”).
(2)In August 2022, the Company acquired 100% of the outstanding equity of Tower Fasteners (as defined in Note 6, “Business Combinations”).
(3)In January 2023, the Company acquired certain assets and assumed certain liabilities of Buckeye and Tru-Edge (each, as defined in Note 6, “Business Combinations”).
Components of Other Intangible Assets
The components of the Company’s intangible assets for fiscal years 2023 and 2022 are as follows:
For the Fiscal Years Ended
September 2, 2023September 3, 2022
Weighted-Average Useful Life (in years)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer Relationships13.1$252,769$(157,306)$243,269$(144,300)
Non-Compete Agreements3.4966(575)966(280)
Trademarks7.97,546(3,842)4,746(2,876)
TrademarksIndefinite11,083— 12,803— 
Total12.9$272,364$(161,723)$261,784$(147,456)
Schedule of Estimated Amortization Expense Estimated amortization expense for each of the five succeeding fiscal years is as follows:
Fiscal YearEstimated Amortization Expense
2024$14,773
202514,486
202614,466
202714,247
202811,541