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Goodwill and Intangible Assets | 12 Months Ended
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Aug. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually during the fourth quarter and more frequently if events or changes in circumstances indicate an impairment may have occurred prior to the annual assessment. No impairments were identified during Fiscal 2025. During our Fiscal 2024 impairment assessment, we recognized a $30.3 million impairment charge equal to the full carrying value of goodwill associated with the Chris-Craft reporting unit. The decline in fair value of the Chris-Craft reporting unit was driven primarily by a downward revision to forecasted cash flows made during the fourth quarter of Fiscal 2024 as part of our annual long range planning process, and a decline in market capitalization observed from guideline public companies. Projected future cash flows for the Chris-Craft reporting unit have declined compared to prior expectations as a result of sustained macroeconomic challenges impacting consumer demand, such as inflationary pressures and elevated interest rates, and the current uncertainty regarding timing and degree of economic recovery. All other intangible asset fair values were determined to be in excess of the carrying values as of August 31, 2024, and no impairments were recorded during Fiscal 2023. 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 our business plans. We believe these estimates and assumptions are reasonable. However, future changes in the judgments, assumptions and estimates that are used in our goodwill impairment analysis, including discount and tax rates or future cash flow projections, could result in significantly different estimates of the fair values. The changes in the carrying value of goodwill by reportable segment for Fiscal 2025, 2024, and 2023 are as follows:
(in millions) | Towable RV |  | Motorhome RV |  | Marine |  | Corporate / All Other |  | Total
Balances at August 26, 2023 | $ | 244.7 |  |  | $ | 73.1 |  |  | $ | 166.4 |  |  | $ | 30.3 |  |  | $ | 514.5 |
Impairment | — |  |  | — |  |  | (30.3) |  |  | — |  |  | (30.3) |
Balances at August 31, 2024 and August 30, 2025(1) | $ | 244.7 |  |  | $ | 73.1 |  |  | $ | 136.1 |  |  | $ | 30.3 |  |  | $ | 484.2 |
(1) There was no activity during Fiscal 2025. Other intangible assets, net of accumulated amortization, consist of the following:
| August 30, 2025
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Indefinite-lived trade names | $ | 352.3 |  | $ | — |  | $ | 352.3 |
Finite-lived trade name | 4.1 |  | 1.4 |  | 2.7 |
Dealer networks/customer relationships | 183.6 |  | 107.1 |  | 76.5 |
Backlog | 43.6 |  | 43.6 |  | — |
Developed technology | 38.3 |  | 12.9 |  | 25.4 |
Non-compete agreements | 6.6 |  | 6.6 |  | — |
Other intangible assets | $ | 628.5 |  | $ | 171.6 |  | $ | 456.9 |
| August 31, 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 |  | 0.8 |  | 3.3 |
Dealer networks/customer relationships | 183.6 |  | 91.5 |  | 92.1 |
Backlog | 43.6 |  | 43.2 |  | 0.4 |
Developed technology | 38.3 |  | 7.4 |  | 30.9 |
Non-compete agreements | 6.6 |  | 6.6 |  | — |
Other intangible assets | $ | 628.5 |  | $ | 149.5 |  | $ | 479.0 |
The weig hted average remaining amortization period for finite-lived intangible assets as of August 30, 2025 was approximatel y five years. Estimated future amortization expense related to finite-lived intangible assets is as follows:
(in millions) | Amortization
Fiscal 2026 | $ | 21.7 |
Fiscal 2027 | 21.7 |
Fiscal 2028 | 21.4 |
Fiscal 2029 | 15.5 |
Fiscal 2030 | 12.3 |
Thereafter | 12.0 |
Total amortization expense remaining | $ | 104.6 |

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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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