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Goodwill and Other Intangible Assets | 9 Months Ended
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May 27, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 10. Goodwill and Other Intangible Assets When the Company acquires a business, the amount assigned to the tangible assets and liabilities and intangible assets acquired is based on their respective fair values determined as of the acquisition date. The excess of the purchase price over the tangible assets and liabilities and intangible assets is recorded as goodwill. The changes in the carrying amount of goodwill are as follows (in thousands):
Balance as of August 27, 2022 |  | $ | 457,259 |
Goodwill recorded during the period |  |  | 191,289 |
Other |  |  | (144 | )
Balance as of May 27, 2023 |  | $ | 648,404 |
Intangible assets, net in the Company’s consolidated balance sheets are as follows (in thousands):
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
May 27, 2023 |  |  |  |  |  |  |  |  |
Customer contracts |  | $ | 315,746 |  |  | $ | 207,615 |  |  | $ | 108,131 |
Software |  |  | 79,342 |  |  |  | 43,515 |  |  |  | 35,827 |
Other intangible assets |  |  | 43,588 |  |  |  | 36,217 |  |  |  | 7,371 |
|  | $ | 438,676 |  |  | $ | 287,347 |  |  | $ | 151,329 |
August 27, 2022 |  |  |  |  |  |  |  |  |
Customer contracts |  | $ | 247,721 |  |  | $ | 198,668 |  |  | $ | 49,053 |
Software |  |  | 75,528 |  |  |  | 41,637 |  |  |  | 33,891 |
Other intangible assets |  |  | 37,520 |  |  |  | 35,491 |  |  |  | 2,029 |
|  | $ | 360,769 |  |  | $ | 275,796 |  |  | $ | 84,973 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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