XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.19.2

Goodwill and Intangible Assets Goodwill and Intangible Assets (Notes) | 9 Months Ended
--- | ---
May 25, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill by segment were as follows for the first nine months of Fiscal 2019 and 2018, of which there are no accumulated impairment losses:
(in thousands) | Towable |  | Corporate / All Other |  | Total
Balances at August 26, 2017 | $ | 242,728 |  |  | $ | — |  |  | $ | 242,728 |
Grand Design purchase price adjustment(1) | 1,956 |  |  | — |  |  | 1,956 |
Balances at May 26, 2018 | $ | 244,684 |  |  | $ | — |  |  | $ | 244,684 |
Balances at August 25, 2018 | $ | 244,684 |  |  | $ | 29,686 |  |  | $ | 274,370 |
Chris-Craft purchase price adjustment(2) | — |  |  | 1,287 |  |  | 1,287 |
Balances at May 25, 2019 | $ | 244,684 |  |  | $ | 30,973 |  |  | $ | 275,657 |
(1) | Refer to Note 2, Business Combinations, of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 for additional information.
(2) | Purchase price adjustments of $0.7 million made for a working capital payment made in the first quarter of Fiscal 2019 and of $0.6 million for an adjustment to taxes recorded in the third quarter of Fiscal 2019. For additional information related to the acquisition of Chris-Craft USA, Inc., refer to Note 2, Business Combinations, of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018.
Other intangible assets, net of accumulated amortization, consist of the following:
|  |  | May 25, 2019 |  | August 25, 2018
(in thousands) | Weighted Average Life-Years |  | Cost |  | Accumulated Amortization |  | Cost |  | Accumulated Amortization
Trade names | Indefinite |  | $ | 177,250 |  |  |  |  | $ | 177,250 |  |  |
Dealer networks | 12.2 |  | 95,581 |  |  | $ | 18,216 |  |  | 95,581 |  |  | $ | 12,328 |
Backlog | 0.5 |  | 19,527 |  |  | 19,527 |  |  | 19,527 |  |  | 19,135 |
Non-compete agreements | 4.1 |  | 5,347 |  |  | 2,824 |  |  | 5,347 |  |  | 2,084 |
Leasehold interest-favorable | 8.1 |  | 2,000 |  |  | 625 |  |  | 2,000 |  |  | 441 |
Other intangible assets, gross |  |  | 299,705 |  |  | 41,192 |  |  | 299,705 |  |  | 33,988 |
Less accumulated amortization |  |  | 41,192 |  |  |  |  | 33,988 |  |  |
Other intangible assets, net |  |  | $ | 258,513 |  |  |  |  | $ | 265,717 |  |  |
The weig hted average remaining amortization period for intangible assets as of May 25, 2019 was approximatel y 11 years. Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(in thousands) | Amount
Fiscal 2019 | $ | 2,283 |
Fiscal 2020 | 9,032 |
Fiscal 2021 | 9,032 |
Fiscal 2022 | 8,405 |
Fiscal 2023 | 8,197 |
Thereafter | 44,314 |
Total amortization expense remaining | $ | 81,263 |

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration