XML 24 R13.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and Intangible Assets
3 Months Ended
Nov. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill by reportable segment, with no accumulated impairment losses, for the three months ended November 26, 2022 and November 27, 2021 are as follows:
(in millions)TowableMotorhomeMarineTotal
Balances at August 28, 2021
$244.7 $73.1 $30.3 $348.1 
Acquisition of Barletta(1)
— — 136.1 136.1 
Balances at November 27, 2021
$244.7 $73.1 $166.4 $484.2 
Balances at August 27, 2022 and November 26, 2022(2)
$244.7 $73.1 $166.4 $484.2 
(1) The change in marine activity is related to the acquisition of Barletta that occurred on August 31, 2021. See Note 2 in the Notes to Consolidated Financial Statements included in Item 1 of Part I of this quarterly report on Form 10-Q.
(2) There was no activity in the three months ended November 26, 2022.

Other intangible assets, net of accumulated amortization, consist of the following:
November 26, 2022
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$352.3 $352.3 
Dealer networks180.0 $64.2 115.8 
Backlog42.3 42.3 — 
Non-compete agreements6.6 6.1 0.5 
Other intangible assets$581.2 $112.6 $468.6 
August 27, 2022
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$352.3 $352.3 
Dealer networks180.0 $60.5 119.5 
Backlog42.3 42.3 — 
Non-compete agreements6.6 6.0 0.6 
Other intangible assets$581.2 $108.8 $472.4 

The weighted average remaining amortization period for intangible assets as of November 26, 2022 was approximately eight years.
Estimated future amortization expense related to finite-lived intangible assets is as follows:
(in millions)Amortization
Remainder of Fiscal 2023
$11.4 
Fiscal 202415.1 
Fiscal 202514.9 
Fiscal 202614.9 
Fiscal 202714.9 
Fiscal 202814.9 
Thereafter30.2 
Total amortization expense remaining$116.3