v3.25.2
Goodwill and Intangibles (Tables)
 9 Months Ended
May 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes to Goodwill during the thirty-nine weeks ended May 31, 2025, were as follows:

(In thousands)Goodwill
Balance as of August 31, 2024$591,687 
Acquisition of business(1,713)
Balance as of May 31, 2025$589,974 

The change in the Company's Goodwill from August 31, 2024, to May 31, 2025, is the result of the acquisition method of accounting related to the OWYN Acquisition, as described in Note 3. There were no impairment charges related to goodwill during the thirteen and thirty-nine weeks ended May 31, 2025, or since the inception of the Company.
Schedule of Finite-Lived Intangible Assets
Intangible assets, net in the Consolidated Balance Sheets consists of the following:
May 31, 2025
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,197,000 $— $1,197,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 74,896 119,604 
Licensing agreements13 years22,000 13,853 8,147 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years5,034 4,947 87 
Intangible assets in progress3-5 years1,115 — 1,115 
$1,426,649 $100,696 $1,325,953 
August 31, 2024
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,197,000 $— $1,197,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 65,171 129,329 
Licensing agreements13 years22,000 12,415 9,585 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years5,034 4,921 113 
Intangible assets in progress3-5 years439 — 439 
$1,425,973 $89,507 $1,336,466 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net in the Consolidated Balance Sheets consists of the following:
May 31, 2025
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,197,000 $— $1,197,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 74,896 119,604 
Licensing agreements13 years22,000 13,853 8,147 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years5,034 4,947 87 
Intangible assets in progress3-5 years1,115 — 1,115 
$1,426,649 $100,696 $1,325,953 
August 31, 2024
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,197,000 $— $1,197,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 65,171 129,329 
Licensing agreements13 years22,000 12,415 9,585 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years5,034 4,921 113 
Intangible assets in progress3-5 years439 — 439 
$1,425,973 $89,507 $1,336,466 
Estimated Future Amortization
Estimated future amortization for each of the next five fiscal years and thereafter is as follows:

(In thousands)Amortization
Remainder of 2025$3,728 
202614,891 
202714,891 
202814,891 
202914,891 
2030 and thereafter64,546 
Total$127,838