XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.19.3

Acquisitions | 12 Months Ended
--- | ---
Aug. 31, 2019
Business Combinations [Abstract] |
Acquisitions | 2. Acquisitions During the fiscal year ended August 31, 2019, the Company completed six business acquisitions with an aggregate purchase price of approximately $5.7 million. The initial allocations of the purchase prices are incomplete with respect to certain assets acquired. The results of operations of these acquisitions have been included in the Company’s consolidated financial results since their respective acquisition dates. These acquisitions were not significant in relation to the Company’s consolidated financial results and, therefore, pro forma financial information has not been presented. Aggregate information relating to the acquisition of businesses which were accounted for as purchases is as follows (in thousands, except number of businesses acquired):
Year ended |  | August 31, 2019 |  |  | August 25, 2018 |  |  | August 26, 2017 |
Number of businesses acquired |  |  | 6 |  |  |  | 9 |  |  |  | 6 |
Tangible assets acquired |  | $ | 322 |  |  | $ | 7,743 |  |  | $ | 26,174 |
Intangible assets and goodwill acquired |  |  | 5,391 |  |  |  | 34,110 |  |  |  | 101,530 |
Liabilities assumed |  |  | — |  |  |  | (95 | ) |  |  | (2,156 | )
Acquisition of businesses |  | $ | 5,713 |  |  | $ | 41,758 |  |  | $ | 125,548 |
Tangible assets acquired primarily relate to accounts receivable, inventory, prepaid expenses and property, plant and equipment. Liabilities assumed primarily relate to accounts payable and accrued liabilities. The amount assigned to intangible assets acquired was based on their respective fair values determined as of the acquisition date. The excess of the purchase price over the tangible and intangible assets was recorded as goodwill. In fiscal 2019, 2018 and 2017, the goodwill was primarily allocated to the U.S. and Canadian Rental and Cleaning segment and is deductible for tax purposes. In September 2019, the Company completed an acquisition for approximately $38.2 million. The all-cash transaction was structured as an asset acquisition, with the Company acquiring substantially all of the acquired company’s industrial laundry, industrial uniform rental and industrial direct sales assets.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration