Goodwill and Intangible Assets

3 Months Ended

Nov. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by segment were as follows for the first three months of Fiscal 2020 and 2019, of which there were no accumulated impairment losses:



(in thousands)	Towable		Motorhome		Corporate / All Other		Total
Balances at August 25, 2018	$	244,684	$	—	$	29,686	$	274,370
Chris-Craft purchase price adjustment⁽¹⁾	—		—		702		702
Balances at November 24, 2018	$	244,684	$	—	$	30,388	$	275,072

Balances at August 31, 2019	$	244,684	$	—	$	30,247	$	274,931
Acquisition of Newmar⁽²⁾	—		72,909		—		72,909
Balances at November 30, 2019	$	244,684	$	72,909	$	30,247	$	347,840


(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 31, 2019 for additional information.


(2)	Refer to Note 2, Business Combinations, for additional information.

Other intangible assets, net of accumulated amortization, consist of the following:



		November 30, 2019					August 31, 2019
($ in thousands)	Weighted Average Life-Years	Cost		Accumulated Amortization		Weighted Average Life-Years	Cost		Accumulated Amortization
Trade names	Indefinite	$	275,250			Indefinite	$	177,250
Dealer networks	12.1	159,581		$	22,618	12.2	95,581		$	20,329
Backlog	0.5	28,327		19,543		0.5	19,527		19,527
Non-compete agreements	4.3	6,647		4,386		4.1	5,347		3,077
Leasehold interest-favorable		—		—		8.1	2,000		690
Other intangible assets, gross		469,805		46,547			299,705		43,623
Less accumulated amortization		46,547					43,623
Other intangible assets, net		$	423,258				$	256,082

The weighted average remaining amortization period for intangible assets as of November 30, 2019 was approximately 11 years.

Remaining estimated aggregate annual amortization expense by fiscal year is as follows:



(in thousands)	Amount
Fiscal 2020	$	18,495
Fiscal 2021	14,361
Fiscal 2022	13,719
Fiscal 2023	13,526
Fiscal 2024	13,424
Thereafter	74,483
Total amortization expense remaining	$	148,008