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Goodwill and Intangible Assets | 9 Months Ended
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May 25, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The carrying amount of goodwill by reportable segment is as follows:
(in millions) | Towable RV |  | Motorhome RV |  | Marine |  | Corporate / All Other |  | Total
Balances at May 25, 2024 and August 26, 2023(1) | $ | 244.7 |  |  | $ | 73.1 |  |  | $ | 166.4 |  |  | $ | 30.3 |  |  | $ | 514.5 |
(1) There was no activity in the nine months ended May 25, 2024. No impairments were recorded for non-financial assets in the nine months ended May 25, 2024 or May 27, 2023. However, factors such as a sustained decline in revenues and earnings, or other adverse changes in macroeconomic conditions could result in an impairment charge to our Chris-Craft reporting unit in a future reporting period. We will perform a quantitative impairment assessment of the Chris-Craft reporting unit during the fourth quarter of Fiscal 2024. Other intangible assets, net of accumulated amortization, consist of the following:
| May 25, 2024
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Indefinite-lived trade names | $ | 352.3 |  |  | $ | — |  |  | $ | 352.3 |
Finite-lived trade name | 4.1 |  |  | 0.7 |  |  | 3.4 |
Dealer networks/customer relationships | 183.6 |  |  | 87.3 |  |  | 96.3 |
Backlog | 43.6 |  |  | 43.0 |  |  | 0.6 |
Developed technology | 38.3 |  |  | 5.9 |  |  | 32.4 |
Non-compete agreements | 6.6 |  |  | 6.5 |  |  | 0.1 |
Other intangible assets | $ | 628.5 |  |  | $ | 143.4 |  |  | $ | 485.1 |
| August 26, 2023
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Indefinite-lived trade names | $ | 352.3 |  |  | $ | — |  |  | $ | 352.3 |
Finite-lived trade name | 4.1 |  |  | 0.2 |  |  | 3.9 |
Dealer networks/customer relationships | 183.6 |  |  | 75.6 |  |  | 108.0 |
Backlog | 43.6 |  |  | 42.5 |  |  | 1.1 |
Developed technology | 38.3 |  |  | 1.8 |  |  | 36.5 |
Non-compete agreements | 6.6 |  |  | 6.4 |  |  | 0.2 |
Other intangible assets | $ | 628.5 |  |  | $ | 126.5 |  |  | $ | 502.0 |
The weig hted average remaining amortization period for intangible assets as of May 25, 2024 was approximately six years. Estimated future amortization expense related to finite-lived intangible assets is as follows:
(in millions) | Amortization
Remainder of Fiscal 2024 | $ | 6.0 |
Fiscal 2025 | 22.1 |
Fiscal 2026 | 21.7 |
Fiscal 2027 | 21.7 |
Fiscal 2028 | 21.4 |
Fiscal 2029 | 15.5 |
Thereafter | 24.4 |
Total amortization expense remaining | $ | 132.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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