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Goodwill and Intangible Assets Goodwill and Intangible Assets
12 Months Ended
Aug. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
Goodwill and Intangible Assets

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.

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

 
 


The weighted average remaining amortization period for intangible assets as of August 31, 2019 was approximately ten years.

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