XML 67 R34.htm IDEA: XBRL DOCUMENT
v3.19.3

Goodwill and Intangible Assets Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The changes in carrying amount of goodwill by segment were as follows in Fiscal 2019, 2018, and 2017, noting we have no accumulated impairment losses:
(in thousands) | Towable |  | Corporate / All Other |  | Total
Balances at August 27, 2016 | $ | 1,228 |  |  | $ | — |  |  | $ | 1,228 |
Acquisition of Grand Design(1) | 241,500 |  |  | — |  |  | 241,500 |
Balances at August 26, 2017 | 242,728 |  |  | — |  |  | 242,728 |
Grand Design purchase price adjustment(1) | 1,956 |  |  | — |  |  | 1,956 |
Acquisition of Chris-Craft(1) | — |  |  | 29,686 |  |  | 29,686 |
Balances at August 25, 2018 | 244,684 |  |  | 29,686 |  |  | 274,370 |
Chris-Craft purchase price adjustment(1) | — |  |  | 561 |  |  | 561 |
Balances at August 31, 2019 | $ | 244,684 |  |  | $ | 30,247 |  |  | $ | 274,931 |
(1) | Refer to Note 2, Business Combinations, for additional information on the acquisitions of Grand Design and Chris-Craft.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | Intangible assets, net of accumulated amortization consists of the following:
| August 31, 2019 |  | August 25, 2018
(in thousands) | Weighted Average Life-Years |  | Cost |  | Accumulated Amortization |  | Weighted Average Life-Years |  | Cost |  | Accumulated Amortization
Trade names | Indefinite |  | $ | 177,250 |  |  |  |  | Indefinite |  | $ | 177,250 |  |  |
Dealer networks | 12.2 |  | 95,581 |  |  | $ | 20,329 |  |  | 12.2 |  | 95,581 |  |  | $ | 12,328 |
Backlog | 0.5 |  | 19,527 |  |  | 19,527 |  |  | 0.5 |  | 19,527 |  |  | 19,135 |
Non-compete agreements | 4.1 |  | 5,347 |  |  | 3,077 |  |  | 4.1 |  | 5,347 |  |  | 2,084 |
Leasehold interest-favorable | 8.1 |  | 2,000 |  |  | 690 |  |  | 8.1 |  | 2,000 |  |  | 441 |
Other intangible assets, gross |  |  | 299,705 |  |  | 43,623 |  |  |  |  | 299,705 |  |  | 33,988 |
Less accumulated amortization |  |  | 43,623 |  |  |  |  |  |  | 33,988 |  |  |
Other intangible assets, net |  |  | $ | 256,082 |  |  |  |  |  |  | $ | 265,717 |  |  |
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
Fiscal 2020 | $ | 9,032 |
Fiscal 2021 | 9,032 |
Fiscal 2022 | 8,390 |
Fiscal 2023 | 8,197 |
Fiscal 2024 | 8,095 |
Thereafter | 36,086 |
Total amortization expense remaining | $ | 78,832 |

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration