XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Feb. 25, 2023
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 six months ended February 25, 2023 and February 26, 2022 are as follows:
(in millions) | Towable |  | Motorhome |  | Marine |  | Total
Balances at August 28, 2021 | $ | 244.7 |  |  | $ | 73.1 |  |  | $ | 30.3 |  |  | $ | 348.1 |
Acquisition of Barletta(1) | — |  |  | — |  |  | 136.1 |  |  | 136.1 |
Balances at February 26, 2022 | $ | 244.7 |  |  | $ | 73.1 |  |  | $ | 166.4 |  |  | $ | 484.2 |
Balances at August 27, 2022 and February 25, 2023(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 six months ended February 25, 2023. Other intangible assets, net of accumulated amortization, consist of the following:
| February 25, 2023
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names | $ | 352.3 |  |  |  |  | $ | 352.3 |
Dealer networks | 180.0 |  |  | $ | 67.9 |  |  | 112.1 |
Backlog | 42.3 |  |  | 42.3 |  |  | — |
Non-compete agreements | 6.6 |  |  | 6.2 |  |  | 0.4 |
Other intangible assets | $ | 581.2 |  |  | $ | 116.4 |  |  | $ | 464.8 |
| August 27, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names | $ | 352.3 |  |  |  |  | $ | 352.3 |
Dealer networks | 180.0 |  |  | $ | 60.5 |  |  | 119.5 |
Backlog | 42.3 |  |  | 42.3 |  |  | — |
Non-compete agreements | 6.6 |  |  | 6.0 |  |  | 0.6 |
Other intangible assets | $ | 581.2 |  |  | $ | 108.8 |  |  | $ | 472.4 |
The weig hted average remaining amortization period for intangible assets as of February 25, 2023 was approximatel y eight years. Estimated future amortization expense related to finite-lived intangible assets is as follows:
(in millions) | Amortization
Remainder of Fiscal 2023 | $ | 7.6 |
Fiscal 2024 | 15.1 |
Fiscal 2025 | 14.9 |
Fiscal 2026 | 14.9 |
Fiscal 2027 | 14.9 |
Fiscal 2028 | 14.9 |
Thereafter | 30.2 |
Total amortization expense remaining | $ | 112.5 |

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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration