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Employee and Retiree Benefits | 3 Months Ended
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Nov. 25, 2017
Retirement Benefits [Abstract] |
Employee and Retiree Benefits | Employee and Retiree Benefits Deferred compensation liabilities are as follows:
(In thousands) |  | November 25, 2017 |  | August 26, 2017
Non-qualified deferred compensation |  | $ | 16,093 |  |  | $ | 16,476 |
Executive share option plan liability |  | 1,540 |  |  | 1,498 |
SERP benefit liability |  | 2,549 |  |  | 2,534 |
Executive deferred compensation |  | 470 |  |  | 447 |
Officer stock-based compensation |  | 2,937 |  |  | 1,664 |
Total deferred compensation |  | 23,589 |  |  | 22,619 |
Less current portion |  | (4,195 | ) |  | (3,349 | )
Long-term deferred compensation |  | $ | 19,394 |  |  | $ | 19,270 |
Postretirement Health Care Benefits Historically, we provided certain health care and other benefits for retired employees hired before April 1, 2001, who had fulfilled eligibility requirements at age 55 with 15 years of continuous service. In Fiscal 2016, postretirement health care benefits were discontinued for retirees age 65 and over. The plan amendment also included a 10% reduction in employer paid premiums for retirees under age 65. During the first quarter of Fiscal 2017, we announced the termination of the remaining postretirement health care benefits to all participants. Beginning January 1, 2017, postretirement health care benefits were discontinued for retirees under age 65. As a result of these amendments, our liability for postretirement health care was reduced as presented in the following table.
Date | Event |  | Dollar Cap Reduction | Liability Reduction (In thousands) | Amortization Period(1)
January 2016 | Reduced employer dollar caps for retirees under age 65; discontinued retiree benefits for retirees age 65 and over |  | 10% | 28,596 |  | 6.9 | years
January 2017 (2) | Terminated plan |  |  | 6,338 |  | 0.2 | years
(1) Plan amendments were amortized on a straight-line basis over the expected remaining service period of active plan participants. (2) In accordance with ASC 715, the effects of the plan amendment are accounted for at the date the amendment is adopted and has been communicated to plan participants. The effective date for this plan amendment was October 26, 2016. Net periodic postretirement benefit income consisted of the following components:
|  | Three Months Ended
(In thousands) |  | November 25, 2017 |  | November 26, 2016
Interest cost |  | $ | — |  |  | $ | 29 |
Service cost |  | — |  |  | 16 |
Amortization of prior service benefit |  | — |  |  | (20,772 | )
Amortization of net actuarial loss |  | — |  |  | 7,959 |
Net periodic postretirement benefit income |  | $ | — |  |  | $ | (12,768 | )
Payments for postretirement health care |  | $ | — |  |  | $ | 53 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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