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Goodwill and Intangible Assets | 12 Months Ended
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Aug. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in carrying amount of goodwill by segment were as follows in Fiscal 2020, 2019, and 2018:
(in thousands) | Towable |  | Motorhome |  | Corporate / All Other |  | Total
Balances at August 26, 2017 | $ | 242,728 |  |  | $ | — |  |  | $ | — |  |  | $ | 242,728 |
Grand Design purchase price adjustment | 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 |
Acquisition of Newmar(1) | — |  |  | 73,127 |  |  | — |  |  | 73,127 |
Balances at August 29, 2020 | $ | 244,684 |  |  | $ | 73,127 |  |  | $ | 30,247 |  |  | $ | 348,058 |
(1) Refer to Note 2, Business Combinations, for additional information on the acquisitions of Chris-Craft and Newmar. The valuation used to test goodwill for impairment is dependent upon a number of significant estimates and assumptions, including macroeconomic conditions, growth rates, competitive activities, cost containment, margin expansion and the Company's business plans. The Company believes these estimates and assumptions are reasonable. However, future changes in the judgments, assumptions and estimates that are used in our impairment testing for goodwill, including discount and tax rates or future cash flow projections, could result in significantly different estimates of the fair values. The Company has no accumulated impairment losses as of August 29, 2020. While the Chris-Craft reporting unit's fair value exceeded its respective carrying value, the fair value cushion was not substantial and could be impacted if projected operating results are not met or other significant assumptions referenced above change. Intangible assets, net of accumulated amortization consists of the following:
| August 29, 2020 |  |  |  |  |  | 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 | 12.2 |  | 159,581 |  |  | $ | 32,487 |  |  | 12.2 |  | 95,581 |  |  | $ | 20,329 |
Backlog | 0.5 |  | 28,327 |  |  | 28,327 |  |  | 0.5 |  | 19,527 |  |  | 19,527 |
Non-compete agreements | 4.1 |  | 6,647 |  |  | 4,223 |  |  | 4.1 |  | 5,347 |  |  | 3,077 |
Leasehold interest-favorable | 0 |  | — |  |  | — |  |  | 8.1 |  | 2,000 |  |  | 690 |
Other intangible assets, gross |  |  | 469,805 |  |  | 65,037 |  |  |  |  | 299,705 |  |  | 43,623 |
Less accumulated amortization |  |  | 65,037 |  |  |  |  |  |  | 43,623 |  |  |
Other intangible assets, net |  |  | $ | 404,768 |  |  |  |  |  |  | $ | 256,082 |  |  |
The weig hted average remaining amortization period for intangible assets as of August 29, 2020 was approximatel y ten years. Remaining estimated aggregate annual amortization expense by fiscal year is as follows:
(in thousands) | Amount
Fiscal 2021 | $ | 14,361 |
Fiscal 2022 | 13,719 |
Fiscal 2023 | 13,526 |
Fiscal 2024 | 13,424 |
Fiscal 2025 | 13,219 |
Thereafter | 61,269 |
Total amortization expense remaining | $ | 129,518 |

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- 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
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