v3.26.1
Goodwill and Intangibles (Tables)
 6 Months Ended
Feb. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
As of February 28, 2026, and August 30, 2025, Goodwill in the Consolidated Balance Sheets was $590.0 million. As a result of the sustained decline in the Company’s share price, declines in the Company’s market capitalization, and updated future revenue projections assessed during the second quarter of fiscal year 2026, the Company identified a triggering event indicating that it was more likely than not that the fair value of the goodwill reporting unit was less than its carrying amount. The Company conducted a quantitative interim goodwill assessment as of the last day of its second quarter, February 28, 2026, utilizing a weighted combination of the discounted cash flow method under the income approach and the guideline public company method under the market approach to estimate the fair value of the equity of the Company. Based on testing, the fair value was greater than its carrying value, resulting in no impairment charges related to goodwill during the thirteen and twenty-six weeks ended February 28, 2026, 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:
February 28, 2026
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$893,000 $— $893,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 84,621 109,879 
Licensing agreements10 years16,072 15,195 877 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years6,641 5,634 1,007 
$1,117,213 $112,450 $1,004,763 
August 30, 2025
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,142,000 $— $1,142,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 78,138 116,362 
Licensing agreements10 years16,072 14,319 1,753 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years6,641 5,153 1,488 
$1,366,213 $104,610 $1,261,603 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net in the Consolidated Balance Sheets consists of the following:
February 28, 2026
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$893,000 $— $893,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 84,621 109,879 
Licensing agreements10 years16,072 15,195 877 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years6,641 5,634 1,007 
$1,117,213 $112,450 $1,004,763 
August 30, 2025
(In thousands)Useful lifeGross carrying amountAccumulated amortizationNet carrying
amount
Intangible assets with indefinite life:
Brands and trademarksIndefinite life$1,142,000 $— $1,142,000 
Intangible assets with finite lives:
Customer relationships15 years194,500 78,138 116,362 
Licensing agreements10 years16,072 14,319 1,753 
Proprietary recipes and formulas7 years7,000 7,000 — 
Software and website development costs3-5 years6,641 5,153 1,488 
$1,366,213 $104,610 $1,261,603 
Estimated Future Amortization
Estimated future amortization for each of the next five fiscal years and thereafter is as follows:

(In thousands)Amortization
Remainder of 2026$7,759 
202713,575 
202812,967 
202912,967 
203012,967 
2031 and thereafter51,528 
Total$111,763