The Simply Good Foods Company (SMPL) 10-Q 4 Apr 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Feb. 23, 2019	Mar. 22, 2019
Document Information [Abstract]
Entity Registrant Name	Simply Good Foods Co.
Entity Central Index Key	0001702744
Current Fiscal Year End Date	--08-31
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	false
Entity Ex Transition Period	true
Document Type	10-Q
Document Period End Date	Feb. 23, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		81,915,423

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Current assets:
Cash and cash equivalents	$ 218,897	$ 111,971
Accounts receivable, net	45,318	36,622
Inventories	45,803	30,001
Prepaid expenses	2,448	2,069
Other current assets	6,671	5,077
Total current assets	319,137	185,740
Long-term assets:
Property and equipment, net	2,874	2,565
Intangible assets, net	309,391	312,643
Goodwill	471,427	471,427
Other long-term assets	2,890	2,230
Total assets	1,105,719	974,605
Current liabilities:
Accounts payable	17,247	11,158
Accrued interest	2,531	582
Accrued expenses and other current liabilities	14,383	15,875
Current portion of TRA liability	0	2,320
Current maturities of long-term debt	653	648
Total current liabilities	34,814	30,583
Long-term liabilities:
Long-term debt, less current maturities	190,598	190,935
Long-term portion of TRA liability	0	25,148
Deferred income taxes	62,930	54,475
Other long-term liabilities	663	863
Total liabilities	289,005	302,004
See commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized, 81,915,213 and 70,605,675 issued and outstanding at February 23, 2019 and August 25, 2018, respectively	819	706
Treasury stock, 6,729 and 0 shares at cost at February 23, 2019 and August 25, 2018, respectively	(127)	0
Additional paid-in-capital	730,584	614,399
Retained earnings	86,273	58,294
Accumulated other comprehensive loss	(835)	(798)
Total stockholders' equity	816,714	672,601
Total liabilities and stockholders' equity	$ 1,105,719	$ 974,605

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Feb. 23, 2019	Aug. 25, 2018
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	100,000,000	100,000,000
Preferred stock shares issued (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	600,000,000	600,000,000
Common stock shares issued (in shares)	81,915,213	70,605,675
Common stock shares outstanding (in shares)	81,915,213	70,605,675
Treasury stock (in shares)	6,729	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Income Statement [Abstract]
Net sales	$ 123,800	$ 109,347	$ 244,731	$ 215,934
Cost of goods sold	66,166	59,090	127,986	112,920
Gross profit	57,634	50,257	116,745	103,014
Operating expenses:
Distribution	5,797	5,391	11,081	10,208
Selling	2,533	4,975	6,389	8,878
Marketing	12,196	10,056	23,659	19,906
General and administrative	15,855	12,711	29,724	24,790
Depreciation and amortization	1,939	1,948	3,825	3,882
Business transaction costs	290	1,877	1,329	1,877
Loss (gain) in fair value change of contingent consideration - TRA liability	0	(3,668)	533	(3,026)
Other expense	22	184	21	430
Total operating expenses	38,632	33,474	76,561	66,945
Income from operations	19,002	16,783	40,184	36,069
Other income (expense):
Interest income	884	0	1,665	0
Interest expense	(3,344)	(3,093)	(6,605)	(6,112)
Gain on settlement of TRA liability	0	0	1,534	0
Gain (loss) on foreign currency transactions	130	601	(268)	956
Other income	77	312	121	398
Total other expense	(2,253)	(2,180)	(3,553)	(4,758)
Income before income taxes	16,749	14,603	36,631	31,311
Income tax expense (benefit)	4,027	(26,791)	8,652	(20,301)
Net income	12,722	41,394	27,979	51,612
Other comprehensive income:
Foreign currency translation adjustments	(179)	(101)	(37)	(800)
Comprehensive income	$ 12,543	$ 41,293	$ 27,942	$ 50,812
Earnings per share from net income:
Basic (in dollars per share)	$ 0.16	$ 0.59	$ 0.35	$ 0.73
Diluted (in dollars per share)	$ 0.15	$ 0.56	$ 0.33	$ 0.71
Weighted average shares outstanding:
Basic (in shares)	81,900,352	70,582,573	79,595,330	70,576,744
Diluted (in shares)	85,350,196	73,832,207	84,062,479	72,605,705

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018
Operating activities
Net income	$ 27,979	$ 51,612
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,825	3,882
Amortization of deferred financing costs and debt discount	668	645
Stock compensation expense	2,478	1,967
Loss (gain) on fair value change of contingent consideration - TRA liability	533	(3,026)
Gain on settlement of TRA liability	(1,534)	0
Unrealized loss (gain) on foreign currency transactions	268	(956)
Deferred income taxes	8,463	(23,398)
Loss on disposal of property and equipment	6	72
Changes in operating assets and liabilities:
Accounts receivable, net	(8,774)	(4,672)
Inventories	(15,855)	3,284
Prepaid expenses	(384)	(909)
Other current assets	(2,092)	(2,346)
Accounts payable	6,143	(2,601)
Accrued interest	1,949	(15)
Accrued expenses and other current liabilities	(1,810)	1,726
Other	(32)	86
Net cash provided by operating activities	21,831	25,351
Investing activities
Purchases of property and equipment	(887)	(886)
Acquisition of business, net of cash acquired	0	(1,757)
Net cash used in investing activities	(887)	(2,643)
Financing activities
Proceeds from option exercises	361	0
Issuance of common stock	(5)	0
Cash received from warrant exercises	113,464	231
Repurchase of common stock	(127)	0
Payment of TRA liability	26,468	0
Principal payments of long-term debt	(1,000)	(500)
Net cash provided by (used in) financing activities	86,225	(269)
Cash and cash equivalents
Net increase in cash	107,169	22,439
Effect of exchange rate on cash	(243)	70
Cash at beginning of period	111,971	56,501
Cash and cash equivalents at end of period	218,897	79,010
Supplemental disclosures of cash flow information
Cash paid for interest	3,988	5,481
Cash paid for taxes	$ 420	$ 1,755

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders Equity Statement - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at Aug. 26, 2017	$ 598,702	$ 706	$ 610,138	$ 0	$ (12,161)	$ 19
Balance (in shares) at Aug. 26, 2017		70,562,477
Balance (in shares) at Aug. 26, 2017				0
Net income	10,218				10,218
Stock-based compensation	1,068		1,068
Foreign currency translation adjustments	(699)					(699)
Warrant conversion	231	$ 0	231
Warrant conversion (in shares)		20,096
Balance at Nov. 25, 2017	609,520	$ 706	611,437	$ 0	(1,943)	(680)
Balance (in shares) at Nov. 25, 2017		70,582,573
Balance (in shares) at Nov. 25, 2017				0
Balance at Aug. 26, 2017	598,702	$ 706	610,138	$ 0	(12,161)	19
Balance (in shares) at Aug. 26, 2017		70,562,477
Balance (in shares) at Aug. 26, 2017				0
Net income	51,612
Foreign currency translation adjustments	(800)
Balance at Feb. 24, 2018	651,712	$ 706	612,336	$ 0	39,451	(781)
Balance (in shares) at Feb. 24, 2018		70,582,573
Balance (in shares) at Feb. 24, 2018				0
Balance at Nov. 25, 2017	609,520	$ 706	611,437	$ 0	(1,943)	(680)
Balance (in shares) at Nov. 25, 2017		70,582,573
Balance (in shares) at Nov. 25, 2017				0
Net income	41,394				41,394
Stock-based compensation	899		899
Foreign currency translation adjustments	(101)					(101)
Balance at Feb. 24, 2018	651,712	$ 706	612,336	$ 0	39,451	(781)
Balance (in shares) at Feb. 24, 2018		70,582,573
Balance (in shares) at Feb. 24, 2018				0
Balance at Aug. 25, 2018	$ 672,601	$ 706	614,399	$ 0	58,294	(798)
Balance (in shares) at Aug. 25, 2018	70,605,675	70,605,675
Balance (in shares) at Aug. 25, 2018	0			0
Net income	$ 15,257				15,257
Stock-based compensation	1,061		1,061
Foreign currency translation adjustments	142					142
Shares issued upon vesting of Restricted Stock Units (in shares)		67,500
Shares issued upon vesting of Restricted Stock Units	0	$ 1	(1)
Exercise of options to purchase common shares (in shares)		4,444
Exercise of options to purchase common stock	53	$ 0	53
Warrant conversion	113,464	$ 112	113,352
Warrant conversion (in shares)		11,200,299
Balance at Nov. 24, 2018	802,578	$ 819	728,864	$ 0	73,551	(656)
Balance (in shares) at Nov. 24, 2018		81,877,918
Balance (in shares) at Nov. 24, 2018				0
Balance at Aug. 25, 2018	$ 672,601	$ 706	614,399	$ 0	58,294	(798)
Balance (in shares) at Aug. 25, 2018	70,605,675	70,605,675
Balance (in shares) at Aug. 25, 2018	0			0
Net income	$ 27,979
Repurchase of common stock (in shares)				6,729
Foreign currency translation adjustments	(37)
Balance at Feb. 23, 2019	$ 816,714	$ 819	730,584	$ (127)	86,273	(835)
Balance (in shares) at Feb. 23, 2019	81,915,213	81,915,213
Balance (in shares) at Feb. 23, 2019	6,729			6,729
Balance at Nov. 24, 2018	$ 802,578	$ 819	728,864	$ 0	73,551	(656)
Balance (in shares) at Nov. 24, 2018		81,877,918
Balance (in shares) at Nov. 24, 2018				0
Net income	12,722				12,722
Stock-based compensation	1,417		1,417
Repurchase of common stock (in shares)				6,729
Repurchase of common stock	127			$ (127)
Foreign currency translation adjustments	(179)					(179)
Shares issued upon vesting of Restricted Stock Units (in shares)		505
Shares issued upon vesting of Restricted Stock Units	(5)	$ 0	(5)
Exercise of options to purchase common shares (in shares)		36,790
Exercise of options to purchase common stock	308	$ 0	308
Balance at Feb. 23, 2019	$ 816,714	$ 819	$ 730,584	$ (127)	$ 86,273	$ (835)
Balance (in shares) at Feb. 23, 2019	81,915,213	81,915,213
Balance (in shares) at Feb. 23, 2019	6,729			6,729

Nature of Operations and Princi

Nature of Operations and Principles of Consolidation	6 Months Ended
	Feb. 23, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Conyers Park Acquisition Corp (“Conyers Park”) was formed on April 20, 2016, as a special purpose acquisition company for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Simply Good Foods Company (“Simply Good Foods”) was formed by Conyers Park on March 30, 2017. On April 10, 2017, Conyers Park and NCP-ATK Holdings, Inc. (“Atkins”) entered into a definitive merger agreement (the “Merger Agreement”), pursuant to which on July 7, 2017 , Conyers Park merged into Simply Good Foods, which also acquired Atkins pursuant to the Merger Agreement. As a result, both entities became wholly-owned subsidiaries of Simply Good Foods (the "Business Combination"). The Business Combination resulted in Conyers Park controlling the Board of Directors of the combined entity. The common stock of Simply Good Foods is listed on the Nasdaq Capital Market under the symbol “SMPL.” The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany accounts and transactions have been eliminated. Unless the context otherwise requires, “we,” “us,” “our” and the “Company” refer to Simply Good Foods and its subsidiaries. The Company maintains its accounting records on a 52/53-week fiscal year. Description of Business Simply Good Foods operates in the healthy snacking category. The Atkins ® brand focuses on an approach to eating that advocates reduced levels of refined carbohydrates and refined sugars, and encourages the consumption of lean protein, fiber, fruits, vegetables, and good fats. The Company sells a variety of nutrition bars, Ready to Drink (“RTD”) shakes, snacks and confectionery products designed around the nutrition principles of the Atkins eating approach. In addition to snacking products, we have granted a license for frozen meals sold in the United States. Seasonality The Company has experienced in the past, and expects to continue to experience, seasonal fluctuations in sales as a result of consumer spending patterns. Historically, sales have been greatest in the second fiscal quarter as the Company sells product to retail locations, which sell to consumers in the post-holiday resolution season. The Company has also seen some seasonality in the summer and back-to-school shopping seasons each year. The period of the lowest sales has historically been in the fourth fiscal quarter. The Company believes these consumer spending patterns are driven primarily by the predisposition of consumers to adjust their approach to nutrition at certain times of the year as well as the timing of the Company’s advertising linked with key customer promotion windows. Unaudited Interim Condensed Consolidated Financial Statements The interim condensed consolidated financial statements and related notes of the Company and its subsidiaries are unaudited. The condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). The condensed consolidated financial statements reflect all adjustments and disclosures which are, in our opinion, necessary for a fair presentation of the results of operations, financial position and cash flows for the indicated periods. All such adjustments were of a normal and recurring nature. The results reported in these interim condensed consolidated financial statements are not necessarily indicative of the results that may be reported for the entire year and should be read in conjunction with the Company's consolidated financial statements for the fiscal year ended August 25, 2018 , included in our Annual Report on Form 10-K (“Annual Report”), filed on October 24, 2018. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Feb. 23, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Refer to Note 2, Summary of Significant Accounting Policies , to our consolidated financial statements included in our Annual Report for a description of significant accounting policies. Recently Issued and Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (ASC Topic 606). The objective of ASU No. 2014-09 is to outline a new, single comprehensive model to use in accounting for revenue arising from contracts with customers. The new revenue recognition model provides a five-step analysis for determining when and how revenue is recognized, depicting the transfer of promised goods or services to customers in an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company adopted the requirements of ASC Topic 606 and all related requirements using the modified retrospective method in the first quarter of fiscal 2019. Upon completing our assessment of ASC Topic 606, we concluded that no adjustments were required to the opening balance of retained earnings at the date of adoption and the comparative information has not been restated. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. Disclosures required by ASC Topic 606 are presented within Note 3, Revenue Recognition. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10). This new standard enhances the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. July 2018, the FASB issued ASU 2018-11 , Leases (Topic 842): Targeted Improvements . ASU 2018-11 provides entities another option for transition, allowing entities to not apply the new standard in the comparative periods they present in their financial statements in the year of adoption. The amendments provide the option for the ASU to be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. The new guidance is effective for the Company beginning in fiscal 2020. The Company is currently evaluating the effects adoption of this guidance will have on its consolidated financial statements, however, a material increase in lease-related assets and liabilities is expected. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new guidance is intended to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance requires application using a retrospective transition method. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment . The standard simplifies how an entity tests goodwill by eliminating Step 2 of the goodwill impairment test. The amended standard also modifies the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The new guidance is effective for the Company beginning in fiscal 2020. The Company is currently evaluating the impact of the new guidance on its goodwill impairment testing. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) , to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. The amended standard specifies the modification accounting applicable to any entity which changes the terms or conditions of a share-based payment award. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Feb. 23, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The singular performance obligation of our customer contracts is determined by each individual purchase order and the products ordered, with revenue being recognized at a point-in-time when the obligation under the terms of the agreement is satisfied and product control is transferred to the customer. Specifically, control transfers to our customers when the product is delivered to or picked up by our customers based on applicable shipping terms. The performance obligations of our customer contracts are generally satisfied within 30 days. Revenue is measured as the amount of consideration we expect to receive in exchange for fulfilled product orders including estimates of variable consideration. The most common forms of variable consideration include trade programs, consumer incentives, coupon redemptions, allowances for unsaleable products, and any additional amounts where a distinct good or service cannot be identified or the value cannot be reasonably estimated. Estimates of variable consideration are made using various information including historical data on performance of similar trade promotional activities, as well as the Company's best estimate of current activity. We review these estimates regularly and make revisions as necessary. Revisions can include changes for consideration paid to customers that lack sufficient evidence to support a distinct good or service assertion, or for which a reasonably estimable fair value cannot be determined, primarily related to our assessments of cooperative advertising programs. Uncertainties related to the estimate of variable consideration are resolved in a short time frame and do not require any additional constraint on variable consideration. Adjustments to variable consideration are recognized in the period the adjustments are identified and have historically been insignificant. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. We provide standard assurance type warranties that our products will comply with all agreed-upon specifications. No services beyond an assurance type warranty are provided to our customers. While customers generally have a right to return defective or non-conforming products, past experience has demonstrated that product returns have been immaterial. Customer remedies for defective or non-conforming products may include a refund or exchange. As a result, the right of return is estimated and recorded as a reduction in revenue, if necessary. Our customer contracts identify product quantity, price and payment terms. Payment terms are granted consistent with industry standards. Although some payment terms may be more extended, the majority of our payment terms are less than 60 days. As a result, we do not adjust our revenues for the effects of a significant financing component. Amounts billed and due from our customers are classified as accounts receivable on the condensed consolidated balance sheets. The Company utilizes third-party contract manufacturers for the manufacture of our products. We have evaluated whether the Company is the principal or agent in these relationships. We have determined that the Company is the principal in all cases, as it maintains the responsibility for fulfillment, risk of loss and establishes the price. We recognize a minor amount of royalty income for the license of Atkins' frozen meals. Royalty income represents less than 1% of the Company's net sales. Royalty revenue is recognized over time as sales of licensed products occur. The Company has elected the following practical expedients in accordance with ASC Topic 606: • Shipping and handling costs —We have elected to account for shipping and handling costs incurred to deliver products to customers as fulfillment activities, rather than a promised service. As such, fulfillment costs are included in Distribution in our Condensed Consolidated Statements of Operations and Comprehensive Income. • Costs of obtaining a contract —We have elected expense costs of obtaining a contract because the amortization period would be less than one year. Revenues from transactions with external customers for each of Atkins’ products would be impracticable to disclose and management does not view its business by product line. The following table presents our revenue disaggregated by geographic area. Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Net sales North America $ 117,946 $ 102,609 $ 232,552 $ 202,143 International 5,854 6,738 12,179 13,791 Total $ 123,800 $ 109,347 $ 244,731 $ 215,934

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Feb. 23, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Goodwill and Intangibles There were no changes to goodwill during the twenty-six weeks ended February 23, 2019 . Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 23, 2019 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 6,415 52,585 Proprietary recipes and formulas 7 years 7,000 1,631 5,369 Licensing agreements 14 years 22,000 2,563 19,437 $ 320,000 $ 10,609 $ 309,391 August 25, 2018 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 4,448 54,552 Proprietary recipes and formulas 7 years 7,000 1,131 5,869 Licensing agreements 14 years 22,000 1,778 20,222 $ 320,000 $ 7,357 $ 312,643 Intangible assets, net changed due to amortization expense. Amortization expense related to intangible assets during the thirteen weeks ended February 23, 2019 and February 24, 2018 were $1.6 million and $1.6 million , respectively. Amortization expense related to intangible assets during the twenty-six weeks ended February 23, 2019 and February 24, 2018 were $3.3 million and $3.3 million , respectively. Estimated future amortization for each of the next five fiscal years and thereafter is as follows: (In thousands by fiscal year) Remainder of 2019 $ 3,253 2020 6,505 2021 6,505 2022 6,505 2023 6,505 2024 and thereafter 48,118 Total $ 77,391

Long-Term Debt and Line of Cred

Long-Term Debt and Line of Credit	6 Months Ended
	Feb. 23, 2019
Debt Disclosure [Abstract]
Long-Term Debt and Line of Credit	Long-Term Debt and Line of Credit On July 7, 2017, the Company entered into a credit agreement with Barclays Bank PLC and other parties (the "Credit Agreement"). The Credit Agreement provides for (i) a term facility of $200.0 million (“Term Facility”) with a seven year maturity and (ii) a revolving credit facility of up to $75.0 million (the “Revolving Credit Facility”) with a five year maturity. Substantially concurrent with the consummation of the Business Combination, the full $200.0 million of the Term Facility (the “Term Loan”) was drawn. The interest rate per annum is based on either (i) a base rate equaling the higher of (a) the “prime rate”, (b) the federal funds effective rate plus 0.50% and (c) the Euro-currency rate applicable for an interest period of one month plus 1.00% plus (x) 3.00% margin for the Term Loan or (y) 2.00% margin for the Revolving Credit Facility, or (ii) London Interbank Offered Rate (“LIBOR”) adjusted for statutory reserve requirements, plus (x) 4.00% margin for the Term Loan subject to a floor of 1.00% or (y) 3.00% margin for the Revolving Credit Facility. As security for the payment or performance of its debt, the Company has pledged certain equity interests in its subsidiaries. On March 16, 2018 (the “Amendment Date”), the Company entered into an amendment (the “Repricing Amendment”) to the Credit Agreement. As a result of the Repricing Amendment, the interest rate on the Term Loan was reduced and, as of the Amendment Date, such loans bear interest at a rate equal to, at the Company's option, either LIBOR plus an applicable margin of 3.50% or a base rate plus an applicable margin of 2.50% . The Repricing Amendment did not change the interest rate on the Revolving Credit Facility. The Revolving Credit Facility will continue to bear interest based upon the Company's consolidated net leverage ratio as of the last financial statements delivered to the administrative agent. No additional debt was incurred, or any proceeds received, by the Company in connection with the Repricing Amendment. The incremental fees paid to the administrative agent are reflected as additional debt discount and are amortized over the terms of the long-term financing agreements using the effective-interest method. The Credit Agreement contains certain financial and other covenants that limit our ability to, among other things, incur and/or undertake asset sales and other dispositions, liens, indebtedness, certain acquisitions and investments, consolidations, mergers, reorganizations and other fundamental changes, payment of dividends and other distributions to equity and warrant holders, and prepayments of material subordinated debt, in each case, subject to customary exceptions materially consistent with credit facilities of such type and size. The Revolving Credit Facility has a maximum total net leverage ratio equal to or less than 6.25 :1.00 (with a reduction to 6.00 :1.00 on and after the third anniversary of the closing date of the Credit Agreement) contingent on credit extensions in excess of 30% of the total amount of commitments available under the Revolving Credit Facility. Any failure to comply with the restrictions of the Credit Agreement may result in an event of default. The Company was in compliance with all financial covenants under the Credit Agreement as of February 23, 2019 and August 25, 2018 . At February 23, 2019 and August 25, 2018 , there were no amounts drawn against the Revolving Credit Facility. Long-term debt consists of the following: (In thousands) February 23, 2019 August 25, 2018 Term Loan $ 197,500 $ 198,500 Less: Deferred financing fees 6,249 6,917 Total debt 191,251 191,583 Less: Current maturities, net of deferred financing fees of $1.3 million at February 23, 2019 and $1.4 million at August 25, 2018, respectively 653 648 Long-term debt, net of deferred financing fees $ 190,598 $ 190,935 The Company will be required to make principal payments of $2.0 million over the next twelve months. The Company utilizes market approaches to estimate the fair value of certain outstanding borrowings by discounting anticipated future cash flows derived from the contractual terms of the obligations and observable market interest and foreign exchange rates. The Company carries debt at historical cost and discloses fair value. As of February 23, 2019 and August 25, 2018 , the book value of the Company’s debt approximated fair value. The estimated fair value of the Term Loan is based on observable inputs and classified as Level 2 in the fair value hierarchy.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Feb. 23, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1 – Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 – Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 – Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. The following table sets forth the Company’s liabilities measured at fair value. Fair value at August 25, 2018 is summarized as follows: (In thousands) Level 1 Level 2 Level 3 Total Liabilities TRA liability $ — $ — $ 27,468 $ 27,468 A gain of $3.7 million was charged to the Loss (gain) in fair value change of contingent consideration - TRA liability for the thirteen weeks ended February 24, 2018 primarily due to the impacts of the change in tax law. A loss of $0.5 million and a gain of $3.0 million were charged to the Loss (gain) in fair value change of contingent consideration - TRA liability for the twenty-six weeks ended February 23, 2019 and February 24, 2018 , respectively. The Company settled the Income Tax Receivable Agreement (the "TRA") during the twenty-six weeks ended February 23, 2019 , which resulted in a $1.5 million gain. Following the settlement of the TRA liability, the Company did not have any Level 3 financial assets or liabilities. The settlement of the TRA liability is discussed in Note 7 . The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximated fair value as of February 23, 2019 and August 25, 2018 due to the relatively short maturity of these instruments.

Income Taxes

Income Taxes	6 Months Ended
	Feb. 23, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law. The change in the tax law was partially effective in the 2018 fiscal year and is fully effective in the 2019 fiscal year. The Tax Act, among other things, reduces the top U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and creates new taxes on certain foreign sourced earnings. Due to the complexities involved in accounting for the Tax Act, SEC Staff Accounting Bulletin 118 requires that the Company include in its financial statements the reasonable estimate of the impact of the Tax Act on earnings to the extent such reasonable estimate has been determined. The Company is allowed a measurement period of up to one year after the enactment date to finalize the recording of the related tax impacts. As of August 25, 2018, we had not completed our accounting for the tax effects of enactment of the Tax Act; however, we made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax and recorded provisional amounts. For the items for which we were able to determine a reasonable estimate, we recognized a provisional gain of $31.0 million in fiscal year 2018. The FASB released guidance on the accounting for tax on the global intangible low-taxed income (“GILTI”) provisions of the Tax Act. The guidance indicates that either treating taxes on GILTI inclusions as current period costs, or accounting for deferred taxes on GILTI inclusions are both acceptable subject to an accounting policy election. The Company has elected to account for GILTI as a period cost in the year incurred. Deemed Repatriation Transition Tax : The one-time transition tax is based on our total post-1986 earnings and profits (E&P) that we previously deferred from U.S. income taxes. We recorded provisional amounts in the fourth quarter of fiscal 2018 for our one-time transition tax liability of our foreign subsidiaries, resulting in an immaterial increase in income tax expense. On the basis of revised E&P and cash balance computations that were completed during the reporting period we adjusted our Transition Tax estimate and recorded an immaterial increase in income tax expense in the second quarter. Reduction of U.S. federal income tax rate : The Tax Act reduced the federal income tax rate from 35% to 21%, effective January 1, 2018. We were able to reasonably estimate the effect of the reduction in the tax rate on our U.S. deferred tax assets and liabilities and in fiscal 2018, we recorded a net provisional reduction in our deferred income tax liabilities of $31.0 million with a corresponding net adjustment of $31.0 million of deferred income tax benefit at August 25, 2018. No changes have been made to these adjustments during 2019. Our accounting for the impact of the Tax Act is now complete. Effective Tax Rate The following table shows the tax expense and the effective tax rate for the twenty-six weeks ended February 23, 2019 and February 24, 2018 resulting from operations: Twenty-Six Weeks Ended (In thousands) February 23, 2019 February 24, 2018 Income before income taxes $ 36,631 $ 31,311 Provision (benefit) for income taxes $ 8,652 $ (20,301 ) Effective tax rate 23.6 % (64.8 )% The effective tax rate for the twenty-six week period ended February 23, 2019 is higher than the effective tax rate for the twenty-six week period ended February 24, 2018 by 88.4% , which is primarily driven by the change in the tax law due to the Tax Act, and also by the one-time impact of the settlement of the TRA in the first quarter of fiscal 2019. Tax Receivable Agreement Concurrent with the Business Combination, the Company entered into the TRA with the historical shareholders of Atkins in consideration for the Business Combination. The TRA was valued based on the future expected payments under the terms of the agreement. The TRA provided for the payment by Simply Good Foods to the Atkins’ selling equity holders for certain federal, state, local and non-U.S. tax benefits deemed realized in post-closing taxable periods by Simply Good Foods, Conyers Park, Atkins and Atkins’ eligible subsidiaries from the use of up to $100.0 million of the following tax attributes: (i) net operating losses available to be carried forward as of the closing of the Business Combination, (ii) certain deductions generated by the consummation of the business transaction, and (iii) remaining depreciable tax basis from the 2003 acquisition of Atkins Nutritionals, Inc. During the thirteen weeks ended November 24, 2018, the Company entered into a termination agreement (the "Termination Agreement") with Atkins Holdings, LLC and Roark Capital Acquisition, LLC. Pursuant to the Termination Agreement, the Company paid $26.5 million to settle the TRA in full. Under the Termination Agreement, each of the parties thereto agreed to terminate the TRA and to release any and all obligations and liabilities of the other parties thereunder effective as of the receipt of the termination payment. The Company recorded a $0.5 million loss on the fair value change in the TRA liability through the settlement on November 14, 2018 and recognized a gain of $1.5 million in connection with the execution of the Termination Agreement and final cash payment.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 23, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company has non-cancellable operating leases for six buildings. For the thirteen weeks ended February 23, 2019 and February 24, 2018 , rent expenses were $0.5 million and $0.6 million , respectively. For the twenty-six weeks ended February 23, 2019 and February 24, 2018 , rent expenses were $1.1 million and $1.2 million , respectively. Rent expenses are included in General and administrative in the Condensed Consolidated Statements of Operations and Comprehensive Income. Litigation From time to time, the Company has been and may again become involved in legal proceedings arising in the ordinary course of its business. The Company is not presently a party to any litigation that it believes to be material and the Company is not aware of any pending or threatened litigation against it that it believes could have a material adverse effect on its business, operating results, financial condition or cash flows. Other The Company has entered into endorsement contracts with certain celebrity figures to promote and endorse the Atkins brand and line of products. These contracts contain endorsement fees, which are expensed ratably over the life of the contract, and performance fees, that are recognized at the time of achievement. Based on the terms of the contracts in place and achievement of performance conditions as of February 23, 2019 , the Company will be required to make payments of $1.1 million over the next year.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Feb. 23, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Equity Warrants Prior to the Business Combination, Conyers Park issued 13,416,667 public warrants and 6,700,000 private placement warrants. Simply Good Foods assumed the Conyers Park equity warrants in connection with the Business Combination. As a result of the Business Combination, the warrants issued by Conyers Park were no longer exercisable for shares of Conyers Park common stock, but were instead exercisable for common stock of Simply Good Foods. All other features of the warrants were unchanged. From August 26, 2018 through October 5, 2018, public warrants to purchase an aggregate of 9,866,451 shares of the Company's common stock were exercised for cash at an exercise price of $11.50 per share, resulting in aggregate gross proceeds to the Company of $113.5 million . On October 4, 2018, the Company delivered a notice for the redemption (the "Redemption Notice") of all of its public warrants that remained unexercised immediately after November 5, 2018. Holders who exercised public warrants following the Redemption Notice were required to do so on a cashless basis. Accordingly, holders were no longer permitted to exercise public warrants in exchange for payment in cash of $11.50 per share. Instead, a holder exercising a public warrant was deemed to have paid the $11.50 per share exercise price by the surrender of 0.61885 of a share of common stock that the holder would have been entitled to receive upon a cash exercise of each public warrant. Exercising holders received 0.38115 of a share of the Company's common stock for each public warrant surrendered for exercise. Following the Redemption Notice, 3,499,639 public warrants were exercised on a cashless basis. An aggregate of 1,333,848 shares of the Company's common stock were issued in connection with these exercises of the public warrants. All remaining public warrants were redeemed as of November 5, 2018 for an immaterial amount. The Company's private warrants to purchase 6,700,000 shares of the Company's common stock remain outstanding. Stock Repurchase Program On November 13, 2018, the Company announced that its Board of Directors had adopted a $50.0 million stock repurchase program. Under the stock repurchase program, the Company may repurchase shares from time to time in the open market or in privately negotiated transactions. The stock repurchase program does not obligate the Company to acquire any specific number of shares or acquire shares over any specific period of time. The stock repurchase program may be suspended or discontinued at any time by the Company, and does not have an expiration date. During the twenty-six weeks ended February 23, 2019 , the Company repurchased 6,729 shares of common stock at an average share price of $18.92 per share.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Feb. 23, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is based on the weighted average number of common shares issued and outstanding. Diluted earnings per share is based on the weighted average number of common shares issued and outstanding and the effect of all dilutive common stock equivalents outstanding during each period. The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands, except per share data) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Basic earnings per share computation: Numerator: Net income $ 12,722 $ 41,394 $ 27,979 $ 51,612 Denominator: Weighted average common shares - basic 81,900,352 70,582,573 79,595,330 70,576,744 Basic earnings per share from net income $ 0.16 $ 0.59 $ 0.35 $ 0.73 Diluted earnings per share computation: Numerator: Net income $ 12,722 $ 41,394 $ 27,979 $ 51,612 Denominator: Weighted average common shares outstanding - basic 81,900,352 70,582,573 79,595,330 70,576,744 Public and Private Warrants 2,745,135 3,202,726 3,818,870 2,000,021 Employee stock options 664,950 — 612,304 — Non-vested shares 39,759 46,908 35,975 28,940 Weighted average common shares - diluted 85,350,196 73,832,207 84,062,479 72,605,705 Diluted earnings per share from net income $ 0.15 $ 0.56 $ 0.33 $ 0.71 Earnings per share calculations for the thirteen weeks ended February 23, 2019 and February 24, 2018 excluded 0.4 million and 2.4 million shares of stock options, respectively, that would have been anti-dilutive. Earnings per share calculations for the thirteen weeks ended February 23, 2019 excluded 0.1 million non-vested shares that would have been anti-dilutive. Earnings per share calculations for the twenty-six weeks ended February 23, 2019 and February 24, 2018 excluded 0.3 million and 2.5 million shares of stock options, respectively, that would have been anti-dilutive. Earnings per share calculations for the twenty-six weeks ended February 23, 2019 excluded 0.1 million non-vested shares, that would have been anti-dilutive.

Stock Option Plan

Stock Option Plan	6 Months Ended
	Feb. 23, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan	Stock Option Plan Stock-based compensation includes stock options, restricted stock unit and performance stock unit awards, which are awarded to employees and directors of the Company. Stock-based compensation expense is recognized on a straight-line basis over the requisite service period of the award based on their grant date fair value. Stock-based compensation expense is included within General and administrative expense, which is the same financial statement caption where the recipient’s other compensation is reported. The Company recorded $1.4 million and $0.9 million of stock-based compensation expense in the thirteen weeks ended February 23, 2019 and February 24, 2018 , respectively. The Company recorded $2.5 million and $2.0 million of stock-based compensation expense in each of the twenty-six weeks ended February 23, 2019 and February 24, 2018 , respectively. Stock Options The following table summarizes stock option activity for the twenty-six weeks ended February 23, 2019 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 25, 2018 2,506,083 $ 12.28 Granted 315,331 19.89 Exercised (60,513 ) 12.00 Forfeited — — Outstanding as of February 23, 2019 2,760,901 $ 13.15 8.61 Vested and expected to vest as of February 23, 2019 2,760,901 $ 13.15 8.61 Exercisable as of February 23, 2019 726,855 $ 12.00 8.39 As of February 23, 2019 , the Company had $6.7 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.69 years. During the twenty-six week period ended February 23, 2019 , the Company received $0.4 million in cash from stock option exercises. Restricted Stock Units The following table summarizes restricted stock unit activity for the twenty-six weeks ended February 23, 2019 : Units Weighted average Non-vested as of August 25, 2018 111,085 $ 12.06 Granted 75,693 18.67 Vested (68,268 ) 11.93 Forfeited (7,573 ) 15.91 Non-vested as of February 23, 2019 110,937 $ 16.39 As of February 23, 2019 , the Company had $1.3 million of total unrecognized compensation cost related to restricted stock units that will be recognized over a weighted average period of 1.47 years. Performance Stock Units During the twenty-six weeks ended February 23, 2019 , the board of directors granted performance stock units under the Company's equity compensation plan. Performance stock units vest in a range between 0% and 100% based upon the price of the Company's common stock at the end of a three -year period. Performance stock units were valued using a Monte-Carlo simulation. The following table summarizes performance stock unit activity for the twenty-six weeks ended February 23, 2019 : Units Weighted average Non-vested as of August 25, 2018 — $ — Granted 193,512 11.93 Vested — — Forfeited — — Non-vested as of February 23, 2019 193,512 $ 11.93 As of February 23, 2019 , the Company had $2.1 million of total unrecognized compensation cost related to performance stock units that will be recognized over a weighted average period of 2.71 years.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Feb. 23, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Tax Receivable Agreement During the twenty-six weeks ended February 23, 2019 , the Company entered into the Termination Agreement, pursuant to which, the Company paid $26.5 million to settle the TRA (the "Termination Payment"), which provided former stockholders of Atkins with payments for federal, state, local and non-U.S. tax benefits deemed realized by the Company. Under the Termination Agreement, each of the parties thereto agreed to terminate the TRA and to release and discharge any and all obligations and liabilities of the other parties thereunder effective as of the exchange agent's receipt of the Termination Payment. Richard Laube, a former director of the Company, Joseph Scalzo, our president and Chief Executive Officer and a director of the Company, and Scott Parker, our Chief Marketing Officer, were each former stockholders of Atkins and received their respective pro rata share of the Termination Payment as additional consideration for their former stock ownership in accordance with the terms of the Merger Agreement. The TRA liability and subsequent settlement are discussed in Note 7 . Execution of the Merger Agreement In the first quarter of fiscal 2018, per the terms of the Merger Agreement, Simply Good Foods paid a working capital adjustment of $1.8 million to the former owners of Atkins, which also resulted in a corresponding increase to the previously recognized goodwill.

Segment and Customer Informatio

Segment and Customer Information	6 Months Ended
	Feb. 23, 2019
Segment Reporting [Abstract]
Segment and Customer Information	Segment and Customer Information The Company has organized its operations into one operating segment that sells its branded nutritional foods and snacking products designed around the nutrition principles of the Atkins eating approach. The results of the operating segment are reviewed by the Company’s chief operating decision maker to make decisions about resource expenditures and assessing financial performance. This operating segment is therefore the Company’s only reportable segment.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Feb. 23, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (ASC Topic 606). The objective of ASU No. 2014-09 is to outline a new, single comprehensive model to use in accounting for revenue arising from contracts with customers. The new revenue recognition model provides a five-step analysis for determining when and how revenue is recognized, depicting the transfer of promised goods or services to customers in an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company adopted the requirements of ASC Topic 606 and all related requirements using the modified retrospective method in the first quarter of fiscal 2019. Upon completing our assessment of ASC Topic 606, we concluded that no adjustments were required to the opening balance of retained earnings at the date of adoption and the comparative information has not been restated. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. Disclosures required by ASC Topic 606 are presented within Note 3, Revenue Recognition. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10). This new standard enhances the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. July 2018, the FASB issued ASU 2018-11 , Leases (Topic 842): Targeted Improvements . ASU 2018-11 provides entities another option for transition, allowing entities to not apply the new standard in the comparative periods they present in their financial statements in the year of adoption. The amendments provide the option for the ASU to be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. The new guidance is effective for the Company beginning in fiscal 2020. The Company is currently evaluating the effects adoption of this guidance will have on its consolidated financial statements, however, a material increase in lease-related assets and liabilities is expected. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new guidance is intended to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance requires application using a retrospective transition method. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment . The standard simplifies how an entity tests goodwill by eliminating Step 2 of the goodwill impairment test. The amended standard also modifies the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The new guidance is effective for the Company beginning in fiscal 2020. The Company is currently evaluating the impact of the new guidance on its goodwill impairment testing. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) , to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. The amended standard specifies the modification accounting applicable to any entity which changes the terms or conditions of a share-based payment award. The Company adopted this ASU in the first quarter of fiscal 2019. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.
Basis of Accounting, Policy [Policy Text Block]	The interim condensed consolidated financial statements and related notes of the Company and its subsidiaries are unaudited. The condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). The condensed consolidated financial statements reflect all adjustments and disclosures which are, in our opinion, necessary for a fair presentation of the results of operations, financial position and cash flows for the indicated periods. All such adjustments were of a normal and recurring nature. The results reported in these interim condensed consolidated financial statements are not necessarily indicative of the results that may be reported for the entire year and should be read in conjunction with the Company's consolidated financial statements for the fiscal year ended August 25, 2018 , included in our Annual Report on Form 10-K (“Annual Report”), filed on October 24, 2018. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Feb. 23, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenues from transactions with external customers for each of Atkins’ products would be impracticable to disclose and management does not view its business by product line. The following table presents our revenue disaggregated by geographic area. Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Net sales North America $ 117,946 $ 102,609 $ 232,552 $ 202,143 International 5,854 6,738 12,179 13,791 Total $ 123,800 $ 109,347 $ 244,731 $ 215,934

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Feb. 23, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 23, 2019 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 6,415 52,585 Proprietary recipes and formulas 7 years 7,000 1,631 5,369 Licensing agreements 14 years 22,000 2,563 19,437 $ 320,000 $ 10,609 $ 309,391 August 25, 2018 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 4,448 54,552 Proprietary recipes and formulas 7 years 7,000 1,131 5,869 Licensing agreements 14 years 22,000 1,778 20,222 $ 320,000 $ 7,357 $ 312,643
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 23, 2019 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 6,415 52,585 Proprietary recipes and formulas 7 years 7,000 1,631 5,369 Licensing agreements 14 years 22,000 2,563 19,437 $ 320,000 $ 10,609 $ 309,391 August 25, 2018 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 232,000 $ — $ 232,000 Intangible assets with finite lives: Customer relationships 15 years 59,000 4,448 54,552 Proprietary recipes and formulas 7 years 7,000 1,131 5,869 Licensing agreements 14 years 22,000 1,778 20,222 $ 320,000 $ 7,357 $ 312,643
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated future amortization for each of the next five fiscal years and thereafter is as follows: (In thousands by fiscal year) Remainder of 2019 $ 3,253 2020 6,505 2021 6,505 2022 6,505 2023 6,505 2024 and thereafter 48,118 Total $ 77,391

Long-Term Debt and Line of Cr_2

Long-Term Debt and Line of Credit (Tables)	6 Months Ended
	Feb. 23, 2019
Debt Disclosure [Abstract]
Schedule of Debt	At February 23, 2019 and August 25, 2018 , there were no amounts drawn against the Revolving Credit Facility. Long-term debt consists of the following: (In thousands) February 23, 2019 August 25, 2018 Term Loan $ 197,500 $ 198,500 Less: Deferred financing fees 6,249 6,917 Total debt 191,251 191,583 Less: Current maturities, net of deferred financing fees of $1.3 million at February 23, 2019 and $1.4 million at August 25, 2018, respectively 653 648 Long-term debt, net of deferred financing fees $ 190,598 $ 190,935

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Feb. 23, 2019
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis	Fair value at August 25, 2018 is summarized as follows: (In thousands) Level 1 Level 2 Level 3 Total Liabilities TRA liability $ — $ — $ 27,468 $ 27,468

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Feb. 23, 2019
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following table shows the tax expense and the effective tax rate for the twenty-six weeks ended February 23, 2019 and February 24, 2018 resulting from operations: Twenty-Six Weeks Ended (In thousands) February 23, 2019 February 24, 2018 Income before income taxes $ 36,631 $ 31,311 Provision (benefit) for income taxes $ 8,652 $ (20,301 ) Effective tax rate 23.6 % (64.8 )%

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Feb. 23, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands, except per share data) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Basic earnings per share computation: Numerator: Net income $ 12,722 $ 41,394 $ 27,979 $ 51,612 Denominator: Weighted average common shares - basic 81,900,352 70,582,573 79,595,330 70,576,744 Basic earnings per share from net income $ 0.16 $ 0.59 $ 0.35 $ 0.73 Diluted earnings per share computation: Numerator: Net income $ 12,722 $ 41,394 $ 27,979 $ 51,612 Denominator: Weighted average common shares outstanding - basic 81,900,352 70,582,573 79,595,330 70,576,744 Public and Private Warrants 2,745,135 3,202,726 3,818,870 2,000,021 Employee stock options 664,950 — 612,304 — Non-vested shares 39,759 46,908 35,975 28,940 Weighted average common shares - diluted 85,350,196 73,832,207 84,062,479 72,605,705 Diluted earnings per share from net income $ 0.15 $ 0.56 $ 0.33 $ 0.71

Stock Option Plan (Tables)

Stock Option Plan (Tables)	6 Months Ended
	Feb. 23, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock option activity	The following table summarizes stock option activity for the twenty-six weeks ended February 23, 2019 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 25, 2018 2,506,083 $ 12.28 Granted 315,331 19.89 Exercised (60,513 ) 12.00 Forfeited — — Outstanding as of February 23, 2019 2,760,901 $ 13.15 8.61 Vested and expected to vest as of February 23, 2019 2,760,901 $ 13.15 8.61 Exercisable as of February 23, 2019 726,855 $ 12.00 8.39
Restricted stock activity	The following table summarizes restricted stock unit activity for the twenty-six weeks ended February 23, 2019 : Units Weighted average Non-vested as of August 25, 2018 111,085 $ 12.06 Granted 75,693 18.67 Vested (68,268 ) 11.93 Forfeited (7,573 ) 15.91 Non-vested as of February 23, 2019 110,937 $ 16.39
Performance stock unit activity	The following table summarizes performance stock unit activity for the twenty-six weeks ended February 23, 2019 : Units Weighted average Non-vested as of August 25, 2018 — $ — Granted 193,512 11.93 Vested — — Forfeited — — Non-vested as of February 23, 2019 193,512 $ 11.93

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Disaggregation of revenue
Net sales	$ 123,800	$ 109,347	$ 244,731	$ 215,934
North America
Disaggregation of revenue
Net sales	117,946	102,609	232,552	202,143
International
Disaggregation of revenue
Net sales	$ 5,854	$ 6,738	$ 12,179	$ 13,791

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in goodwill			$ 0
Intangible asset amortization expense	$ 1.6	$ 1.6	$ 3.3	$ 3.3

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Feb. 23, 2019	Aug. 25, 2018
Intangible assets with finite lives:
Intangible assets, Gross carrying amount	$ 320,000	$ 320,000
Accumulated amortization	10,609	7,357
Intangible assets, Net carrying amount	309,391	312,643
Finite-lived intangible assets, Net carrying amount	77,391
Brands and trademarks
Intangible assets with indefinite lives:
Indefinite-lived intangible assets	$ 232,000	$ 232,000
Customer relationships
Intangible assets with finite lives:
Useful life	15 years	15 years
Finite-lived intangible assets, Gross carrying amount	$ 59,000	$ 59,000
Accumulated amortization	6,415	4,448
Finite-lived intangible assets, Net carrying amount	$ 52,585	$ 54,552
Proprietary recipes and formulas
Intangible assets with finite lives:
Useful life	7 years	7 years
Finite-lived intangible assets, Gross carrying amount	$ 7,000	$ 7,000
Accumulated amortization	1,631	1,131
Finite-lived intangible assets, Net carrying amount	$ 5,369	$ 5,869
Licensing agreements
Intangible assets with finite lives:
Useful life	14 years	14 years
Finite-lived intangible assets, Gross carrying amount	$ 22,000	$ 22,000
Accumulated amortization	2,563	1,778
Finite-lived intangible assets, Net carrying amount	$ 19,437	$ 20,222

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Feb. 23, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 3,253
2020	6,505
2021	6,505
2022	6,505
2023	6,505
2024 and thereafter	48,118
Finite-lived intangible assets, Net carrying amount	$ 77,391

Long-Term Debt and Line of Cr_3

Long-Term Debt and Line of Credit - Narrative (Details) - Barclays Bank PLC and Other Parties - USD ($) $ in Millions	Mar. 16, 2018	Jul. 07, 2017	Feb. 23, 2019
Term Loan
Debt Instrument [Line Items]
Borrowing capacity		$ 200
Maturity period		7 years
Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity		$ 75
Maturity period		5 years
Amounts drawn			$ 0
Net leverage ratio (equal to or less than)		6.25
Net leverage ratio post reduction (equal to or less than)		6
Percent of commitments (in excess of)		30.00%
Repayments of principal in next twelve months			$ 2
Line of Credit | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%	0.50%
Line of Credit | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Line of Credit | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Line of Credit | Term Loan | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%
Line of Credit | Term Loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		4.00%
Interest rate floor		1.00%
Line of Credit | Revolving Credit Facility | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Line of Credit | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%

Long-Term Debt and Line of Cr_4

Long-Term Debt and Line of Credit - Schedule of Debt (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Debt Disclosure [Abstract]
Debt, gross	$ 197,500	$ 198,500
Less: Deferred financing fees	6,249	6,917
Total debt	191,251	191,583
Less: Current maturities, net of deferred financing fees of $1.3 million at February 23, 2019 and $1.4 million at August 25, 2018, respectively	653	648
Long-term debt, net of deferred financing fees	190,598	190,935
Deferred financing fees, current	$ 1,300	$ 1,400

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018	Aug. 25, 2018
Liabilities
TRA liability					$ 27,468
Loss (gain) in fair value change of contingent consideration - TRA liability	$ 0	$ (3,668)	$ 533	$ (3,026)
Gain of settlement of TRA liability			$ 1,534	$ 0
Level 1
Liabilities
TRA liability					0
Level 2
Liabilities
TRA liability					0
Level 3
Liabilities
TRA liability					$ 27,468

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Income Tax Disclosure [Abstract]
Income before income taxes	$ 16,749	$ 14,603	$ 36,631	$ 31,311
Provision (benefit) for income taxes	$ 4,027	$ (26,791)	$ 8,652	$ (20,301)
Effective tax rate			23.60%	(64.80%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jul. 07, 2017	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018	Aug. 25, 2018
Income Tax Disclosure [Abstract]
Tax Cuts and Jobs Act, Provisional gain						$ 31,000
Tax Cuts and Jobs Act, Reduction in deferred tax liabilities						$ (31,000)
Effective tax rate difference				88.40%
TRA contingent payment (up to)	$ 100,000
Payment of TRA liability				$ 26,468	$ 0
Loss (gain) in fair value change of contingent consideration - TRA liability		$ 0	$ (3,668)	533	(3,026)
Gain on settlement of TRA liability				$ (1,534)	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 23, 2019USD ($)	Feb. 24, 2018USD ($)	Feb. 23, 2019USD ($)building	Feb. 24, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of buildings with non-cancelable operating leases | building			6
Rent expense	$ 0.5	$ 0.6	$ 1.1	$ 1.2
Other commitment payment obligation	$ 1.1		$ 1.1

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019USD ($)$ / sharesshares	Nov. 24, 2018USD ($)shares	Feb. 23, 2019USD ($)$ / sharesshares	Feb. 24, 2018USD ($)	Jul. 06, 2017shares
Class of Stock [Line Items]
Cash received from warrant exercises | $			$ 113,464	$ 231
Public Warrants
Class of Stock [Line Items]
Warrants issued (in shares)					13,416,667
Warrants exercised prior to redemption (in shares)			9,866,451
Cash received from warrant exercises | $		$ 113,500
Warrant price per share (in dollars per share) | $ / shares	$ 11.50		$ 11.50
Common shares surrendered upon cashless exercise		0.61885
Common shares issued upon cashless exercise		0.38115
Warrants exercised on a cashless basis (in shares)		3,499,639
Common shares issued for warrants exercised on a cashess basis (in shares)		1,333,848
Private Placement Warrants
Class of Stock [Line Items]
Warrants issued (in shares)	6,700,000		6,700,000
Treasury Stock
Class of Stock [Line Items]
Stock repurchase program, authorized amount | $	$ 50,000		$ 50,000
Repurchase of common stock (in shares)	6,729		6,729
Repurchase of common stock, average cost per share | $ / shares			$ 18.92

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Feb. 23, 2019	Nov. 24, 2018	Feb. 24, 2018	Nov. 25, 2017	Feb. 23, 2019	Feb. 24, 2018
Numerator:
Net income	$ 12,722	$ 15,257	$ 41,394	$ 10,218	$ 27,979	$ 51,612
Denominator:
Weighted average common shares - basic (in shares)	81,900,352		70,582,573		79,595,330	70,576,744
Basic earnings per share from net income (in dollars per share)	$ 0.16		$ 0.59		$ 0.35	$ 0.73
Numerator:
Net income	$ 12,722	$ 15,257	$ 41,394	$ 10,218	$ 27,979	$ 51,612
Denominator:
Weighted average common shares - basic (in shares)	81,900,352		70,582,573		79,595,330	70,576,744
Public and Private Warrants	2,745,135		3,202,726		3,818,870	2,000,021
Employee stock options	664,950		0		612,304	0
Non-vested shares	39,759		46,908		35,975	28,940
Weighted average common shares - diluted (in shares)	85,350,196		73,832,207		84,062,479	72,605,705
Diluted earnings per share from net income (in dollars per share)	$ 0.15		$ 0.56		$ 0.33	$ 0.71
Stock Options
Earnings per share, diluted
Antidilutive securities excluded from computation of earnings per share	400,000		2,400,000		300,000	2,500,000
Restricted Stock Units
Earnings per share, diluted
Antidilutive securities excluded from computation of earnings per share	100,000				100,000

Stock Option Plan (Details)

Stock Option Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation expense	$ 1,400	$ 900	$ 2,478	$ 1,967
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award
Requisite service period			3 years
Performance Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Performance stock vesting range			0.00%
Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Performance stock vesting range			100.00%

Stock Option Plan - Stock Optio

Stock Option Plan - Stock Options Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Feb. 23, 2019USD ($)$ / sharesshares	Feb. 24, 2018USD ($)
Additional disclosures
Proceeds from option exercises | $	$ 361	$ 0
Stock Options
Shares
Outstanding at beginning of period (in shares) | shares	2,506,083
Granted (in shares) | shares	315,331
Exercised (in shares) | shares	(60,513)
Forfeited (in shares) | shares	0
Outstanding at end of period (in shares) | shares	2,760,901
Options vested or expected to vest (in shares) | shares	2,760,901
Exercisable (in shares) | shares	726,855
Weighted average exercise price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 12.28
Granted (in dollars per share) | $ / shares	19.89
Exercised (in dollars per share) | $ / shares	12
Forfeited (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	13.15
Options vested or expected to vest (in dollars per share) | $ / shares	13.15
Exercisable (in dollars per share) | $ / shares	$ 12
Weighted average remaining contractual term
Outstanding at end of period, weighted average remaining contractual life	8 years 7 months 9 days
Vested and expected to vest at end of period, weighted average remaining contractual life	8 years 7 months 9 days
Exercisable at end of period, weighted average remaining contractual life	8 years 4 months 20 days
Additional disclosures
Unrecognized compensation costs | $	$ 6,700
Period for recognition of unrecognized compensation cost	1 year 8 months 8 days
Proceeds from option exercises | $	$ 400

Stock Option Plan - Restricted

Stock Option Plan - Restricted Stock Units Activity (Details) - Restricted Stock Units $ / shares in Units, $ in Millions	6 Months Ended
	Feb. 23, 2019USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	111,085
Granted (in shares) | shares	75,693
Vested (in shares) | shares	(68,268)
Forfeited (in shares) | shares	(7,573)
Non-vested at end of period (in shares) | shares	110,937
Weighted average grant-date fair value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 12.06
Granted (in dollars per share) | $ / shares	18.67
Vested (in dollars per share) | $ / shares	11.93
Forfeited (in dollars per share) | $ / shares	15.91
Non-vested at end of period (in dollars per share) | $ / shares	$ 16.39
Additional disclosures
Unrecognized compensation costs | $	$ 1.3
Period for recognition of unrecognized compensation cost	1 year 5 months 19 days

Stock Option Plan - Performance

Stock Option Plan - Performance Stock Units Activity (Details) - Performance Stock Units $ / shares in Units, $ in Millions	6 Months Ended
	Feb. 23, 2019USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	0
Granted (in shares) | shares	193,512
Vested (in shares) | shares	0
Forfeited (in shares) | shares	0
Non-vested at end of period (in shares) | shares	193,512
Weighted average grant-date fair value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	11.93
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Non-vested at end of period (in dollars per share) | $ / shares	$ 11.93
Additional disclosures
Period for recognition of unrecognized compensation cost	2 years 8 months 15 days
Unrecognized compensation costs | $	$ 2.1

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Related Party Transaction [Line Items]
Payment of TRA liability		$ 26,468	$ 0
Goodwill working capital adjustment	$ 1,800
Former Majority Stockholder, Atkins
Related Party Transaction [Line Items]
Payment of TRA liability		$ 26,500

Segment and Customer Informat_2

Segment and Customer Information (Details)	6 Months Ended
	Feb. 23, 2019
Segment Reporting [Abstract]
Number of operating segments	1