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Business Combination, Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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May 26, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of the purchase price to assets acquired and liabilities assumed was as follows:
(In thousands) |  | November 8, 2016
Cash |  | $ | 1,748 |
Accounts receivable |  | 32,834 |
Inventories |  | 15,300 |
Prepaid expenses and other assets |  | 3,037 |
Property, plant and equipment |  | 8,998 |
Goodwill |  | 243,456 |
Other intangible assets |  | 253,100 |
Total assets acquired |  | 558,473 |
Accounts payable |  | 11,163 |
Accrued compensation |  | 3,615 |
Product warranties |  | 12,904 |
Promotional |  | 3,976 |
Other |  | 1,496 |
Deferred tax liabilities |  | 4,811 |
Total liabilities assumed |  | 37,965 |
Total purchase price |  | $ | 520,508 |
We acquired 100% of the ownership interests of Grand Design on November 8, 2016 in accordance with the Securities Purchase Agreement for an aggregate purchase price of $520.5 million, which was paid in cash and Winnebago shares as follows:
(In thousands, except shares and per share data) |  | November 8, 2016
Cash |  | $ | 396,442 |
Winnebago shares: 4,586,555 at $27.05 per share |  | 124,066 |
Total |  | $ | 520,508 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The allocation of the purchase price to the net assets acquired and liabilities assumed resulted in the recognition of intangible assets with fair value on the closing date of November 8, 2016 and amortization accumulated from the closing date through May 26, 2018 as follows:
|  |  |  | May 26, 2018 |  | August 26, 2017
(In thousands) |  | Weighted Average Life-Years |  | Cost |  | Accumulated Amortization |  | Cost |  | Accumulated Amortization
Trade name |  | Indefinite |  | $ | 148,000 |  |  | $ | — |  |  | $ | 148,000 |  |  | $ | — |
Dealer network |  | 12.0 |  | 80,500 |  |  | 10,365 |  |  | 80,500 |  |  | 5,348 |
Backlog |  | 0.5 |  | 18,000 |  |  | 18,000 |  |  | 18,000 |  |  | 18,000 |
Non-compete agreements |  | 4.0 |  | 4,600 |  |  | 1,836 |  |  | 4,600 |  |  | 1,116 |
Leasehold interest-favorable |  | 8.1 |  | 2,000 |  |  | 380 |  |  | 2,000 |  |  | 196 |
Total |  |  |  | 253,100 |  |  | $ | 30,581 |  |  | 253,100 |  |  | $ | 24,660 |
Accumulated amortization |  |  |  | (30,581 | ) |  |  |  | (24,660 | ) |  |
Net book value of intangible assets |  |  |  | $ | 222,519 |  |  |  |  | $ | 228,440 |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(In thousands) |  | Amount
Remainder of 2018 |  | $ | 1,933 |
2019 |  | 7,733 |
2020 |  | 7,733 |
2021 |  | 7,733 |
2022 |  | 7,106 |
Thereafter |  | 42,281 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following table provides net revenues and operating income (which includes amortization expense) from the Grand Design business included in our consolidated results during the nine months ended May 26, 2018 and May 27, 2017 following the November 8, 2016 closing date:
|  | Nine Months Ended
(In thousands) |  | May 26, 2018 |  | May 27, 2017
Net revenues |  | $ | 719,030 |  |  | $ | 366,309 |
Operating income |  | 91,452 |  |  | 27,083 |
Unaudited pro forma information is as follows:
|  | Nine Months Ended
(In thousands, except per share data) |  | May 26, 2018 |  | May 27, 2017(1)
Net revenues |  | $ | 1,480,641 |  |  | $ | 1,187,849 |
Net income |  | 72,675 |  |  | 66,009 |
Income per share - basic |  | 2.30 |  |  | 2.09 |
Income per share - diluted |  | 2.28 |  |  | 2.08 |
(1) | Net income and income per share include the increased benefit of $16.3 million, net of tax, associated with the termination of the postretirement health care plan in Fiscal 2017.
The unaudited pro forma data above includes the following significant non-recurring adjustments made to account for certain costs, which would have changed if the acquisition of Grand Design had been completed on August 30, 2015:
|  | Nine Months Ended
(In thousands) |  | May 26, 2018 |  | May 27, 2017(1)
Amortization of intangibles (1 year or less useful life) |  | $ | (122 | ) |  | $ | (18,601 | )
Increase in amortization of intangibles |  | — |  |  | 1,551 |
Expenses related to business combination (transaction costs) |  | (50 | ) |  | (6,432 | )
Interest to reflect new debt structure |  | — |  |  | 3,672 |
Taxes related to the adjustments to the pro forma data and to the income of Grand Design |  | 64 |  |  | 11,513 |
(1) | Pro forma transaction costs include $0.1 million incurred by Grand Design prior to acquisition.

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