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Long-Term Debt Long-Term Debt (Notes) | 3 Months Ended
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Nov. 24, 2018
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt On November 8, 2016, we entered into a $125.0 million credit facility ("ABL") and a $300.0 million Term Loan with JPMorgan Chase Bank, N.A. ("Credit Agreement"). On December 8, 2017, we amended our Credit Agreement, which decreased the interest rate spread on the Term Loan and the ABL. As of September 21, 2018, the amount that may be borrowed under the ABL was increased to $165.0 million. The Credit Agreement contains certain financial covenants. As of November 24, 2018, we are in compliance with all financial covenants of the Credit Agreement. The components of long-term debt are as follows:
(in thousands) | November 24, 2018 |  | August 25, 2018
ABL | $ | 14 |  |  | $ | 38,532 |
Term Loan | 260,000 |  |  | 260,000 |
Long-term debt, excluding debt issuance costs | 260,014 |  |  | 298,532 |
Debt issuance cost, net | (6,752 | ) |  | (7,091 | )
Long-term debt | $ | 253,262 |  |  | $ | 291,441 |
The fair value of long-term debt, excluding debt issuance costs, approximated the carrying values as of November 24, 2018 and August 25, 2018 as interest is at variable market rates. Aggregate contractual maturities of debt in future fiscal years are as follows:
(in thousands) | Amount
Fiscal 2019 | $ | — |
Fiscal 2020 | 10,250 |
Fiscal 2021 | 15,000 |
Fiscal 2022 | 15,000 |
Fiscal 2023 | 219,750 |
Total Term Loan | $ | 260,000 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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