The Simply Good Foods Company (SMPL) 10-Q 6 Apr 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended	6 Months Ended
	Feb. 29, 2020	Feb. 29, 2020	Apr. 03, 2020
Document Information [Line Items]
Entity Central Index Key		0001702744
Document Type		10-Q
Document Quarterly Report		true
Entity Registrant Name		The Simply Good Foods Company
Document Period End Date		Feb. 29, 2020
Document Fiscal Period Focus		Q2
Entity File Number		001-38115
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		82-1038121
Entity Address, Address Line One		1225 17th Street, Suite 1000
Entity Address, City or Town		Denver
Entity Address, State or Province		CO
Entity Address, Postal Zip Code		80202
City Area Code		303
Local Phone Number		633-2840
Title of 12(b) Security		Common Stock, par value $0.01 per share
Trading Symbol		SMPL
Security Exchange Name		NASDAQ
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large Accelerated Filer
Entity Small Business		false
Entity Emerging Growth Company		false
Current Fiscal Year End Date		--08-29
Entity Shell Company	false	false
Entity Common Stock, Shares Outstanding			95,378,514
Document Transition Report		false
Amendment Flag		false
Document Fiscal Year Focus		2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2020	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 46,115	$ 266,341
Accounts receivable, net	89,966	44,240
Inventories	79,552	38,085
Prepaid expenses	5,183	2,882
Other current assets	14,818	6,059
Total current assets	235,634	357,607
Long-term assets:
Property and equipment, net	12,008	2,456
Intangible assets, net	1,149,410	306,139
Goodwill	570,716	471,427
Other long-term assets	33,580	4,021
Total assets	2,001,348	1,141,650
Current liabilities:
Accounts payable	38,018	15,730
Accrued interest	1,868	1,693
Accrued expenses and other current liabilities	34,139	29,933
Current maturities of long-term debt	264	676
Total current liabilities	74,289	48,032
Long-term liabilities:
Long-term debt, less current maturities	624,076	190,259
Deferred income taxes	77,683	65,383
Other long-term liabilities	28,267	532
Total liabilities	804,315	304,206
See commitments and contingencies (Note 10)
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, 95,476,537 and 81,973,284 issued at February 29, 2020 and August 31, 2019, respectively	955	820
Treasury stock, 98,234 and 98,234 shares at cost at February 29, 2020 and August 31, 2019, respectively	(2,145)	(2,145)
Additional paid-in-capital	1,087,506	733,775
Retained earnings	111,694	105,830
Accumulated other comprehensive loss	(977)	(836)
Total stockholders’ equity	1,197,033	837,444
Total liabilities and stockholders’ equity	$ 2,001,348	$ 1,141,650

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Feb. 29, 2020	Aug. 31, 2019
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)	95,476,537	81,973,284
Treasury stock (in shares)	98,234	98,234

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Income Statement [Abstract]
Net sales	$ 227,101	$ 123,800	$ 379,254	$ 244,731
Cost of goods sold	141,707	74,145	231,654	143,156
Gross profit	85,394	49,655	147,600	101,575
Operating expenses:
Selling and marketing	27,041	14,729	45,475	30,048
General and administrative	28,103	13,732	46,248	25,730
Depreciation and amortization	4,287	1,902	6,740	3,751
Business transaction costs	694	290	26,853	1,329
Loss in fair value change of contingent consideration - TRA liability	0	0	0	533
Total operating expenses	60,125	30,653	125,316	61,391
Income from operations	25,269	19,002	22,284	40,184
Other (expense) income:
Interest income	85	884	1,464	1,665
Interest expense	(10,589)	(3,344)	(15,558)	(6,605)
Gain on settlement of TRA liability	0	0	0	1,534
Gain (loss) on foreign currency transactions	(194)	130	(178)	(268)
Other income	8	77	45	121
Total other expense	(10,690)	(2,253)	(14,227)	(3,553)
Income before income taxes	14,579	16,749	8,057	36,631
Income tax expense	3,922	4,027	2,193	8,652
Net income	10,657	12,722	5,864	27,979
Other comprehensive income:
Foreign currency translation adjustments	(141)	(179)	(141)	(37)
Comprehensive income	$ 10,516	$ 12,543	$ 5,723	$ 27,942
Earnings per share from net income:
Basic (in dollars per share)	$ 0.11	$ 0.16	$ 0.06	$ 0.35
Diluted (in dollars per share)	$ 0.11	$ 0.15	$ 0.06	$ 0.33
Weighted average shares outstanding:
Basic (in shares)	95,339,489	81,900,352	92,524,061	79,595,330
Diluted (in shares)	100,336,571	85,350,196	97,597,614	84,062,479

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019
Document Period End Date	Feb. 29, 2020
Operating activities
Net income	$ 5,864,000	$ 27,979,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,119,000	3,825,000
Amortization of deferred financing costs and debt discount	1,569,000	668,000
Stock compensation expense	3,795,000	2,478,000
Loss on fair value change of contingent consideration - TRA liability	0	533,000
Gain on settlement of TRA liability	0	(1,534,000)
Unrealized (gain) loss on foreign currency transactions	178,000	268,000
Deferred income taxes	2,485,000	8,463,000
Loss on disposal of property and equipment	0	6,000
Amortization of operating lease right-of-use asset	1,652,000	0
Other Operating Activities, Cash Flow Statement	789,000	0
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net	(19,062,000)	(8,774,000)
Inventories	768,000	(15,855,000)
Prepaid expenses	(873,000)	(384,000)
Other current assets	(5,808,000)	(2,092,000)
Accounts payable	(2,953,000)	6,143,000
Accrued interest	175,000	1,949,000
Accrued expenses and other current liabilities	(8,760,000)	(1,810,000)
Other assets and liabilities	(1,824,000)	(32,000)
Net cash (used in) provided by operating activities	(14,886,000)	21,831,000
Investing activities
Purchases of property and equipment	(481,000)	(887,000)
Increase (Decrease) in Notes Receivables	(1,250,000)	0
Acquisition of business, net of cash acquired	(984,201,000)	0
Net cash (used in) investing activities	(985,932,000)	(887,000)
Financing activities
Proceeds from option exercises	931,000	361,000
Issuance of common stock	(80,000)	(5,000)
Payments of finance lease obligations	(157,000)	0
Cash received from warrant exercises	0	113,464,000
Repurchase of common stock	0	(127,000)
Payment of TRA liability	0	26,468,000
Payments of Financing Costs	(8,208,000)	0
Principal payments of long-term debt	(21,000,000)	(1,000,000)
Proceeds from Issuance of Common Stock	352,542,000	0
Payments of Stock Issuance Costs	(3,323,000)	0
Proceeds from Issuance of Long-term Debt	460,000,000	0
Net cash provided by financing activities	780,705,000	86,225,000
Cash and cash equivalents
Net (decrease) increase in cash	(220,113,000)	107,169,000
Effect of exchange rate on cash	(113,000)	(243,000)
Cash at beginning of period	266,341,000	111,971,000
Cash and cash equivalents at end of period	46,115,000	218,897,000
Supplemental disclosures of cash flow information
Cash paid for interest	13,814,000	3,988,000
Cash paid for taxes	4,345,000	420,000
Operating lease right-of-use assets recognized at ASU 2016-02 transition	5,102,000	0
Finance lease right-of-use assets recognized at ASU 2016-02 transition	1,185,000	0
Operating lease right-of-use assets recognized after ASU 2016-02 transition	$ 2,733,000	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders Equity Statement - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Aug. 25, 2018	$ 672,601	$ 706	$ 0	$ 614,399	$ 58,294	$ (798)
Beginning balance (in shares) at Aug. 25, 2018		70,605,675
Beginning balance, Treasury (in shares) at Aug. 25, 2018			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	0	$ 1		(1)
Shares issued upon vesting of Restricted Stock Units (in shares)		67,500
Exercise of options to purchase common stock	53	$ 0		53
Exercise of options to purchase common stock (in shares)		4,444
Warrant conversion	113,464	$ 112		113,352
Warrant conversion (in shares)		11,200,299
Ending balance (in shares) at Nov. 24, 2018		81,877,918
Ending balance, Treasury (in shares) at Nov. 24, 2018			0
Ending balance at Nov. 24, 2018	802,578	$ 819	$ 0	728,864	73,551	(656)
Beginning balance at Aug. 25, 2018	672,601	$ 706	$ 0	614,399	58,294	(798)
Beginning balance (in shares) at Aug. 25, 2018		70,605,675
Beginning balance, Treasury (in shares) at Aug. 25, 2018			0
Net income	27,979
Foreign currency translation adjustments	(37)
Ending balance (in shares) at Feb. 23, 2019		81,915,213
Ending balance, Treasury (in shares) at Feb. 23, 2019			6,729
Ending balance at Feb. 23, 2019	816,714	$ 819	$ (127)	730,584	86,273	(835)
Beginning balance at Nov. 24, 2018	802,578	$ 819	$ 0	728,864	73,551	(656)
Beginning balance (in shares) at Nov. 24, 2018		81,877,918
Beginning balance, Treasury (in shares) at Nov. 24, 2018			0
Net income	12,722				12,722
Stock-based compensation	1,417			1,417
Stock Repurchased During Period, Shares			6,729
Stock Repurchased During Period, Value	(127)		$ (127)
Foreign currency translation adjustments	(179)					(179)
Shares issued upon vesting of Restricted Stock Units	(5)			(5)
Shares issued upon vesting of Restricted Stock Units (in shares)		505
Exercise of options to purchase common stock	308			308
Exercise of options to purchase common stock (in shares)		36,790
Ending balance (in shares) at Feb. 23, 2019		81,915,213
Ending balance, Treasury (in shares) at Feb. 23, 2019			6,729
Ending balance at Feb. 23, 2019	816,714	$ 819	$ (127)	730,584	86,273	(835)
Beginning balance at Aug. 31, 2019	$ 837,444	$ 820	$ (2,145)	733,775	105,830	(836)
Beginning balance (in shares) at Aug. 31, 2019		81,973,284
Beginning balance, Treasury (in shares) at Aug. 31, 2019	98,234		98,234
Net income	$ (4,793)				(4,793)
Stock-based compensation	1,673			1,673
Foreign currency translation adjustments	$ 0					0
Public equity officering (in shares)	13,379,205
Public equity offering	$ 349,219	$ 134		349,085
Shares issued upon vesting of Restricted Stock Units	(70)	$ 0		(70)
Shares issued upon vesting of Restricted Stock Units (in shares)		46,911
Exercise of options to purchase common stock	208	$ 0		208
Exercise of options to purchase common stock (in shares)		17,372
Ending balance (in shares) at Nov. 30, 2019		95,416,772
Ending balance, Treasury (in shares) at Nov. 30, 2019			98,234
Ending balance at Nov. 30, 2019	1,183,681	$ 954	$ (2,145)	1,084,671	101,037	(836)
Beginning balance at Aug. 31, 2019	$ 837,444	$ 820	$ (2,145)	733,775	105,830	(836)
Beginning balance (in shares) at Aug. 31, 2019		81,973,284
Beginning balance, Treasury (in shares) at Aug. 31, 2019	98,234		98,234
Net income	$ 5,864
Foreign currency translation adjustments	$ (141)
Ending balance (in shares) at Feb. 29, 2020		95,476,537
Ending balance, Treasury (in shares) at Feb. 29, 2020	98,234		98,234
Ending balance at Feb. 29, 2020	$ 1,197,033	$ 955	$ (2,145)	1,087,506	111,694	(977)
Beginning balance at Nov. 30, 2019	1,183,681	$ 954	$ (2,145)	1,084,671	101,037	(836)
Beginning balance (in shares) at Nov. 30, 2019		95,416,772
Beginning balance, Treasury (in shares) at Nov. 30, 2019			98,234
Net income	10,657				10,657
Stock-based compensation	2,122			2,122
Foreign currency translation adjustments	(141)					(141)
Shares issued upon vesting of Restricted Stock Units	(10)	$ 0		(10)
Shares issued upon vesting of Restricted Stock Units (in shares)		771
Exercise of options to purchase common stock	$ 724	$ 1		723
Exercise of options to purchase common stock (in shares)		58,994
Ending balance (in shares) at Feb. 29, 2020		95,476,537
Ending balance, Treasury (in shares) at Feb. 29, 2020	98,234		98,234
Ending balance at Feb. 29, 2020	$ 1,197,033	$ 955	$ (2,145)	$ 1,087,506	$ 111,694	$ (977)

Nature of Operations and Princi

Nature of Operations and Principles of Consolidation	6 Months Ended
	Feb. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Principles of Consolidation	The Simply Good Foods Company (“Simply Good Foods”) was formed by Conyers Park Acquisition Corp. (“Conyers Park”) on March 30, 2017. On April 10, 2017, Conyers Park and NCP-ATK Holdings, Inc., among others, entered into a definitive merger agreement (the “Merger Agreement”), pursuant to which on July 7, 2017, Conyers Park merged into Simply Good Foods and as a result acquired the companies which conducted the Atkins® brand business (the “Acquisition of Atkins”). The common stock of Simply Good Foods is listed on the Nasdaq Capital Market under the symbol “SMPL.” On August 21, 2019, our wholly owned subsidiary Atkins Nutritionals, Inc. (“Atkins”) entered into a Stock and Unit Purchase Agreement (the "Purchase Agreement") to acquire Quest Nutrition, LLC ("Quest"), a healthy lifestyle food company (the "Acquisition of Quest"). On November 7, 2019, pursuant to the Purchase Agreement, Atkins completed the Acquisition of Quest, via Atkins’ direct or indirect acquisition of 100% of the equity interests of Voyage Holdings, LLC (“Voyage Holdings”), and VMG Quest Blocker, Inc. (“Voyage Blocker” and, together with Voyage Holdings, the “Target Companies”) for a cash purchase price of approximately $1.0 billion (subject to customary adjustments for the Target Companies’ levels of cash, indebtedness, net working capital and transaction expenses as of the closing date). The unaudited condensed consolidated financial statements include the accounts of Simply Good Foods and its wholly-owned subsidiaries. All 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, ending on the last Saturday in August of each year. Description of Business The Simply Good Foods Company is a consumer packaged food and beverage company that aims to lead the nutritious snacking movement with trusted brands that offer a variety of convenient, innovative, great-tasting, better-for-you snacks and meal replacements. The Company’s nutritious snacking platform consists of brands that specialize in providing products for consumers that follow certain nutritional philosophies, dietary approaches and/or health-and-wellness trends: Atkins® for those following a low-carb lifestyle; Quest® for consumers seeking to partner with a brand that makes the foods they crave work for them, not against them, through a variety of protein-rich foods and beverages that also limit sugars and simple carbs; and SimplyProtein® for consumers looking for protein-enhanced snacks made with fewer, simple ingredients. We distribute our products in major retail channels, primarily in North America, including grocery, club and mass merchandise, as well as through e-commerce, convenience, specialty and other channels. Our portfolio of nutritious snacking brands gives us a strong platform with which to introduce new products, expand distribution, and attract new consumers to our products. Our platform also positions us to continue to selectively pursue acquisition opportunities of brands in the nutritious snacking and broader health-and-wellness food space. Reclassification of Prior Year Amounts Certain prior year amounts have been reclassified to conform to the current year presentation including (i) Selling and Marketing expenses, which have been combined as Selling and marketing on the Consolidated Statements of Operations and Comprehensive Income and (ii) other operating expense, which has been combined with General and administrative expense on the Consolidated Statements of Operations and Comprehensive Income. Unaudited Interim Condensed Consolidated Financial Statements The interim condensed consolidated financial statements and related notes of the Company and its subsidiaries are unaudited. The unaudited interim 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 unaudited interim 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 unless otherwise disclosed. The results reported in these unaudited interim condensed consolidated financial statements are not necessarily indicative of the results that may be reported for the entire fiscal year and should be read in conjunction with our consolidated financial statements for the fiscal year ended August 31, 2019 , included in our Annual Report on Form 10-K (“Annual Report”), filed with the SEC on October 30, 2019. 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. 29, 2020
Accounting Policies [Abstract]
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. Change in Accounting Principle During the fourth quarter ended August 31, 2019, the Company changed its accounting principle related to the presentation of third party delivery costs associated with shipping and handling activities previously included as operating expenses in Distribution in the Consolidated Statements of Operations and Comprehensive Income. The Company now presents these expenses within Cost of goods sold in the Consolidated Statements of Operations and Comprehensive Income. In connection with the change in accounting principle, the Company also changed its definition of shipping and handling costs to include costs paid to third-party warehouse operators associated with delivering product to a customer, previously included in General and administrative , and Depreciation and amortization of the assets at the third-party warehouse, previously included in Depreciation and amortization . Under the previous definition of shipping and handling costs, the Company only included delivery costs in Distribution . The effect of the adjustment is as follows: Thirteen Weeks Ended February 23, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 66,166 7,979 — $ 74,145 Distribution $ 5,797 (5,797 ) — $ — General and administrative $ 15,855 (2,145 ) 22 $ 13,732 Depreciation and amortization $ 1,939 (37 ) — $ 1,902 Twenty-Six Weeks Ended February 23, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 127,986 15,170 — $ 143,156 Distribution $ 11,081 (11,081 ) — $ — General and administrative $ 29,724 (4,016 ) 22 $ 25,730 Depreciation and amortization $ 3,825 (74 ) — $ 3,751 Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, The Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326), which modifies disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. This ASU is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The amendments of this ASU should be applied on a retrospective basis to all periods presented. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820), which modifies disclosure requirements on fair value measurements of Accounting Standards Codification (“ASC”) 820. This ASU is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted including in any interim period for which financial statements have not yet been issued. Entities are permitted to early adopt the eliminated or modified disclosure requirements and delay the adoption new disclosure requirements until their effective date. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements and does not anticipate adoption of this ASU will be material to its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited period of time to ease the potential burden in accounting for reference rate reform on financial reporting. The amendments in this ASU are effective for all entities as of March 12, 2020 through December 31, 2022. The amendments of this ASU should be applied on a prospective basis. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements. Recently Adopted Accounting Pronouncements 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. In 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 period adopted using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. On September 1, 2019, we adopted ASU No. 2016-02, Leases (“Topic 842”) using the alternative transition method under ASU No. 2018-11, which permits application of the new guidance at the beginning of the period of adoption , with comparative periods continuing to be reporting under Topic 840. Upon adoption of the new standard as of the first day of fiscal 2020, the Company recorded the following within the Condensed Consolidated Balance Sheet: operating lease right of use assets of $5.1 million included within Other long-term assets, current operating lease liabilities of $2.0 million included within Accrued expenses and other current liabilities, long-term operating lease liabilities of $3.8 million included within Other long-term liabilities, finance lease right of use assets of $1.2 million included within Property and equipment, net, current finance lease liabilities of $0.2 million included within Current maturities of long term debt, and long-term finance lease liabilities of $1.0 million included within Long-term debt less current maturities . Following the Acquisition of Quest, the Company recorded the following amounts in the Condensed Consolidated Balance Sheet as of the closing date: operating lease right of use assets of $21.1 million included within Other long-term assets, current operating lease liabilities of $2.0 million included within Accrued expenses and other current liabilities, and long-term operating lease liabilities of $18.9 million included within Other long-term liabilities. The adoption of these ASUs did not result in a cumulative-effect adjustment to the opening balance of retained earnings. The guidance provides a number of optional practical expedients in adoption. We elected to adopt the package of practical expedients permitted under the transition guidance within the standard, which among other things, permits us to not reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We did not elect the use-of-hindsight practical expedient or the practical expedient pertaining to land easements, the latter not being applicable to us. In addition, we elected an accounting policy to include both lease and non-lease components as a single component for all asset classes where we are the lessee. For additional information on our leases, see Note 9 . In June 2018, the FASB issued ASU No. 2018-07, Compensation – Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with the accounting for employee share-based compensation. The Company adopted this ASU as of the first day of fiscal 2020. The adoption of this ASU did not have a material effect on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract, which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this ASU as of the first day of fiscal 2020. The adoption of this ASU did not have a material effect on the consolidated financial statements.

Business Combination (Notes)

Business Combination (Notes)	6 Months Ended
	Feb. 29, 2020
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	On August 21, 2019, Atkins entered into the Purchase Agreement with the Target Companies, VMG Voyage Holdings, LLC, VMG Tax-Exempt II, L.P., Voyage Employee Holdings, LLC, and other sellers defined in the Purchase Agreement. On November 7, 2019, pursuant to the Purchase Agreement, Atkins completed the Acquisition of Quest for a cash purchase price at closing of $988.9 million subject to customary post closing adjustments. Atkins acquired Quest as a part of our vision to lead the nutritious snacking movement with trusted brands that offer a variety of convenient, innovative, great-tasting, better-for-you snacks and meal replacements. Quest is a healthy lifestyle food company offering a variety of bars, cookies, chips, ready-to-drink shakes and pizzas that compete in many of the attractive, fast growing sub-segments within the nutritional snacking category. Quest has a loyal following and strong appeal among consumers 18-44 years. The Acquisition of Quest was accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”), whereby the results of operations, including the revenues and earnings of Quest, are included in the financial statements from the date of acquisition. ASC 805 requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values, as determined in accordance with ASC 820, Fair Value Measurements, as of the closing date. ASC 805 establishes a measurement period to provide the Company with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. The Acquisition of Quest was funded by the Company through a combination of cash, equity and debt financing. Total consideration paid on the closing date was $988.9 million . Cash sources of funding included $195.3 million of cash on hand, net proceeds of approximately $350.0 million from an underwritten public offering of common stock, and $443.6 million in new term loan debt. A total of $26.9 million is included within the Business transaction costs line item of the Consolidated Statements of Operations and Comprehensive Income for twenty-six weeks ended February 29, 2020 including $14.5 million of transaction advisory fees related to the Acquisition of Quest, $3.2 million of banker commitment fees, $6.1 million of non-deferrable debt issuance costs related to the incremental term loan, and $3.1 million of other costs including legal, due diligence, and accounting fees. Included in the transaction advisory fees paid for the Acquisition of Quest is $12.0 million paid to Centerview Partners LLC, an investment banking firm that served as the lead financial advisor to the Company for this transaction. Three members of the Company’s Board of Directors, Messrs. Kilts, West, and Ratzan, have business relationships with certain partners of Centerview Partners LLC (including relating to Centerview Capital Consumer, a private equity firm and affiliate of Conyers Park Sponsor LLC), but they are not themselves partners, executives or employees of Centerview Partners LLC and Centerview Partners LLC is not a related party of the Company pursuant to applicable rules and policies. The advisory fee paid to Centerview Partners LLC represents approximately 1.2% of the total cash purchase price paid by the Company on the closing date of the Acquisition of Quest. All transaction advisory fees relating to the Acquisition of Quest were approved by the Company’s Audit Committee. The following table sets forth the preliminary purchase price of the Acquisition of Quest to the estimated fair value of the net assets acquired at the date of acquisition, subject to finalization per the terms of the Purchase Agreement. The preliminary purchase price allocation may be adjusted as a result of the finalization of our purchase price allocation procedures related to the assets acquired and liabilities assumed. The preliminary November 7, 2019 fair value is as follows: (In thousands) Assets acquired: Cash and cash equivalents $ 4,745 Accounts receivable, net 26,537 Inventories 43,091 Prepaid assets 1,214 Other current assets 3,821 Property and equipment, net (1) 10,363 Intangible assets, net (2) 848,375 Other long-term assets 20,997 Liabilities assumed: Accounts payable 25,200 Other current liabilities 11,237 Deferred income taxes (3) 14,158 Other long-term liabilities 18,891 Total identifiable net assets 889,657 Goodwill (4) 99,289 Total assets acquired and liabilities assumed $ 988,946 (1) Property and equipment, net primarily consists of leasehold improvements for the Quest headquarters of $6.9 million , furniture and fixtures of $2.2 million , and equipment of $1.3 million . The Quest headquarters lease ends in April 2029. The useful lives of the leasehold improvements, furniture and fixtures, and equipment is consistent with the Company's accounting policies. (2) Intangible assets were recorded at fair value consistent with ASC 820 as a result of the Acquisition of Quest. Intangible assets consist of $730.0 million of indefinite brands and trademarks, $115.0 million of amortizable customer relationships, and $3.4 million of internally developed software. The useful lives of the intangible assets are disclosed in Note 5 of the consolidated financial statements. The fair value measurement of the assets and liabilities was based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows and market comparable data and companies. (3) As a result of the increase in the fair value of the identifiable intangible asset, the deferred income tax liability was increased by $14.2 million . (4) Goodwill was recorded at fair value consistent with ASC 820 as a result of the Acquisition of Quest. Amounts recorded for goodwill created in an acquisition structured as a stock purchase for tax are generally not expected to be deductible for tax purposes. Amounts recorded for goodwill resulting in a tax basis step-up are generally expected to be deductible for tax purposes. Tax deductible Goodwill is estimated to be $79.7 million . Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The purchase price is pending finalization per the terms of the Purchase Agreement. The final determination of the fair value of the assets acquired and liabilities assumed is expected to be completed as soon as practicable after completion of the Acquisition of Quest, including a period of time to finalize working capital adjustments and tax attributes. During the thirteen weeks ended February 29, 2020 , a fair value measurement period adjustment of $3.3 million was recorded primarily related to accounts receivable, net. The final fair value determination of the assets acquired and liabilities assumed will be completed prior to one year from the transaction completion, consistent with ASC 805. The results of Quest's operations have been included in the Simply Good Foods' Consolidated Financial Statements since November 7, 2019, the date of acquisition. The following table provides net sales from the acquired Quest business included in the Company's results: Thirteen Weeks Ended Twenty-Six Weeks Ended February 29, 2020 February 29, 2020 Net sales $ 88,305 $ 105,387 Unaudited Pro Forma Financial Information Pro forma financial information is not intended to represent or be indicative of the actual results of operations of the combined business that would have been reported had the Acquisition of Quest been completed at the beginning of the fiscal year 2019, nor is it representative of future operating results of the Company. This unaudited pro forma combined financial information is prepared based on Article 11 of Regulation S-X period end guidance. The Company and the legacy Quest entity have different fiscal year ends, with Simply Good Foods’ fiscal year being the last Saturday of August while the legacy Quest business fiscal year end was December 31. Because the year ends differ by more than 93 days, Quest's financial information is required to be adjusted to a period within 93 days of Simply Good Foods’ fiscal period end. For the purposes of preparing the unaudited pro forma combined financial information for the thirteen weeks ended February 23, 2019 , Quest’s unaudited consolidated statement of operations for the three months ended December 31, 2018 was derived by deducting the historical unaudited consolidated statement of operations for the nine months ended September 30, 2018, from the unaudited consolidated statement of operations for the fiscal year ended December 31, 2018. For the purposes of preparing the unaudited pro forma combined financial information for the twenty-six weeks ended February 23, 2019 , Quest’s unaudited consolidated statement of operations for the six months ended December 31, 2018 was derived by deducting the historical unaudited consolidated statement of operations for the six months ended June 30, 2018, from the unaudited consolidated statement of operations for the fiscal year ended December 31, 2018. In addition to the above period end adjustments, the pro forma results include certain adjustments, as required under ASC 805, which are different than Article 11 pro forma requirements. ASC 805 requires pro forma adjustments to reflect the effects of fair value adjustments, transaction costs, capital structure changes, the tax effects of such adjustments, and also requires nonrecurring adjustments be prepared as though the Acquisition of Quest had occurred as of the beginning of the earliest period presented. The adjustments to the historical Quest financial results include the exclusion of legacy derivatives and interest expense that were settled in the execution of the Acquisition of Quest. Additional adjustments include non recurring transaction costs and the portion of the inventory fair value adjustment recorded by the Company during the thirteen weeks ended and twenty-six weeks ended February 29, 2020 . Both periods were further adjusted to reflect a full period of (a) fair value adjustments related to inventory and incremental customer relationship amortization, (b) interest expense with the higher principal and interest rates associated with the Company's new term loan debt incurred to finance, in part, the Acquisition of Quest, and (c) the effects of the adjustments on income taxes and net income. The following unaudited pro forma combined financial information presents combined results of the Company and Quest as if the Acquisition of Quest has occurred at the beginning of fiscal 2019: Thirteen Weeks Ended Twenty-Six Weeks Ended February 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Revenue $ 227,101 $ 202,802 $ 447,657 $ 392,747 Gross profit $ 90,479 $ 75,361 $ 178,667 $ 136,948 Net income (loss) $ 15,049 $ 11,837 $ 30,697 $ (7,246 )

Revenue Recognition

Revenue Recognition	6 Months Ended
	Feb. 29, 2020
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 its products. The Company has evaluated whether the Company is the principal or agent in these relationships. The Company has determined that it is the principal in all cases, as it maintains the responsibility for fulfillment, risk of loss and establishes the price. 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 Cost of goods sold in our Condensed Consolidated Statements of Operations and Comprehensive Income. • Costs of obtaining a contract —We have elected to 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 Simply Good Foods’ 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 and brand. Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands) February 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Net sales North America $ 131,435 $ 117,946 $ 259,247 $ 232,552 International 7,361 5,854 14,620 12,179 Total Atkins 138,796 123,800 273,867 244,731 Quest (1) 88,305 — 105,387 — Total $ 227,101 $ 123,800 $ 379,254 $ 244,731 (1) Quest net sales are primarily in North America.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	oodwill during the twenty-six weeks ended February 29, 2020 were as follows: Total Balance as of August 31, 2019 $ 471,427 Acquisition of business 99,289 Balance as of February 29, 2020 $ 570,716 The change in the Company's Goodwill from August 31, 2019 to February 29, 2020 is the result of the acquisition method of accounting related to the Acquisition of Quest, as described in Note 3 . There were no impairment charges related to goodwill during this period or since the inception of the Company. Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 962,000 $ — $ 962,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 12,703 161,297 Proprietary recipes and formulas 7 years 7,000 2,631 4,369 Licensing agreements 14 years 22,000 4,134 17,866 Software and website development costs 3 - 5 years 5,612 1,940 3,672 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 21,408 $ 1,149,410 August 31, 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 8,382 50,618 Proprietary recipes and formulas 7 years 7,000 2,131 4,869 Licensing agreements 14 years 22,000 3,348 18,652 $ 320,000 $ 13,861 $ 306,139 Intangible assets, net changed due to amortization expense and the Acquisition of Quest. Amortization expense related to intangible assets during the thirteen weeks ended February 29, 2020 and February 23, 2019 were $3.9 million and $1.6 million , respectively. Amortization expense related to intangible assets during the twenty-six weeks ended February 29, 2020 and February 23, 2019 were $6.2 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 2020 $ 7,782 2021 15,327 2022 15,094 2023 14,829 2024 14,281 2025 and thereafter 119,891 Total $ 187,204

Long-Term Debt and Line of Cred

Long-Term Debt and Line of Credit	6 Months Ended
	Feb. 29, 2020
Debt Disclosure [Abstract]
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 (as amended to date, 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 Acquisition of Atkins, the full $200.0 million of the Term Facility (the “Term Loan”) was drawn. The interest rate per annum was 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 had an interest 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 continued 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. On November 7, 2019, the Company entered into an amendment (the “Incremental Facility Amendment”) to the Credit Agreement to increase the principal borrowed on the Term Facility by $460.0 million . The Term Facility together with the incremental borrowing make up the Initial Term Loans (as defined in the Incremental Facility Amendment) and as of the Amendment No. 2 Effective Date (as defined in the Incremental Facility Amendment), the Initial Term Loans bear interest at a rate equal to, at the Company's option, either LIBOR plus an applicable margin of 3.75% or a base rate plus an applicable margin of 2.75% . The Incremental Facility Amendment was executed to partially finance the Acquisition of Quest. No amounts under the Term Facility were repaid as a result of the execution of the Incremental Facility Amendment. 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 29, 2020 and August 31, 2019 . At February 29, 2020 and August 31, 2019 , there were no cash amounts drawn against the Revolving Credit Facility. Long-term debt consists of the following: (In thousands) February 29, 2020 August 31, 2019 Term Loan (effective rate of 5.4% at February 29, 2020) $ 635,500 $ 196,500 Finance lease liabilities (effective rate of 5.6% at February 29, 2020) 1,050 — Less: Deferred financing fees 12,210 5,565 Total debt 624,340 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at February 29, 2020 and $1.3 million at August 31, 2019 — 676 Current finance lease liabilities 264 — Long-term debt, net of deferred financing fees $ 624,076 $ 190,259 The Company is no t required to make principal payments over the twelve months following the period ended February 29, 2020 . As of February 29, 2020 , the Company had letters of credit in the amount of $5.0 million outstanding. Our letters of credit offset against the availability of the Revolving Credit Facility. These letters of credit exist to support two of the Company's leased buildings and insurance programs relating to workers' compensation. No amounts were drawn against these letters of credit at February 29, 2020 . 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 29, 2020 and August 31, 2019 , 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. 29, 2020
Fair Value Disclosures [Abstract]
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. A loss of $0.5 million was charged to the Loss in fair value change of contingent consideration - TRA liability for the twenty-six weeks ended February 23, 2019 . 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 carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximated fair value as of February 29, 2020 and August 31, 2019 due to the relatively short maturity of these instruments.

Income Taxes

Income Taxes	6 Months Ended
	Feb. 29, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Effective Tax Rate The following table shows the tax expense and the effective tax rate for the twenty-six weeks ended February 29, 2020 and February 23, 2019 resulting from operations: Twenty-Six Weeks Ended (In thousands) February 29, 2020 February 23, 2019 Income before income taxes $ 8,057 $ 36,631 Provision for income taxes $ 2,193 $ 8,652 Effective tax rate 27.2 % 23.6 % The effective tax rate for the twenty-six week period ended February 29, 2020 is higher than the effective tax rate for the twenty-six week period ended February 23, 2019 by 3.6% , which is primarily driven by non-deductible transaction costs, the one-time tax impact of the settlement of the TRA liability during the twenty-six week period ended February 23, 2019 , and other permanent differences.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Feb. 29, 2020
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	On September 1, 2019, we adopted ASU No. 2016-02, Leases (“Topic 842”) using the modified retrospective approach under ASU No. 2018-11, which permits application of the new guidance at the beginning of the period of adoption, with comparative periods cont inuing to be reported under Topic 840. Leases are classified as either finance leases or operating leases based on criteria in ASC 842. The Company’s operating leases are generally comprised of real estate and certain equipment used in warehousing our products. The Company’s finance leases are generally comprised of warehouse equipment. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The majority of the Company's leases do not provide an implicit rate; therefore, the Company uses its secured incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments for those leases. Our incremental borrowing rate for a lease is the rate of interest we would pay to borrow on a collateralized basis over a similar term to the lease in a similar economic environment. The Company applied incremental borrowing rates using a portfolio approach. Right-of-use assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term operating leases that have a term of 1 year or less. The components of lease expense were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended (in thousands) Statement of Operations Caption February 29, 2020 February 29, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 1,441 $ 2,247 Variable lease cost (1) Cost of goods sold and General and administrative 426 736 Operating lease cost 1,867 2,983 Short term lease cost General and administrative 18 24 Finance lease cost: Amortization of right-of use assets Cost of goods sold 66 136 Interest on lease liabilities Interest expense 16 32 Total finance lease cost 82 168 Total lease cost $ 1,967 $ 3,175 (1) Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs. The gross amounts of assets and liabilities related to both operating and finance leases are as follows: (in thousands) Balance Sheet Caption February 29, 2020 Assets Operating lease right of use assets Other long-term assets $ 27,072 Finance lease right of use assets Property and equipment, net 1,049 Total lease assets $ 28,121 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 3,947 Finance lease liabilities Current maturities of long-term debt 264 Long-term: Operating lease liabilities Other long-term liabilities 23,842 Finance lease liabilities Long-term debt, less current maturities 786 Total lease liabilities $ 28,839 Future maturities of lease liabilities were as follows: Operating Leases Finance Leases Fiscal year ending: Remainder of 2020 $ 2,772 $ 157 2021 5,028 313 2022 4,643 313 2023 3,995 278 2024 3,882 145 Thereafter 14,706 — Total lease payments 35,026 1,206 Less: Interest (7,237 ) (156 ) Present value of lease liabilities $ 27,789 $ 1,050 As of February 29, 2020 , we have entered into a lease that has not yet commenced with total future lease payments of $1.5 million over the term of the lease that are not yet recorded on our Consolidated Balance Sheets. The lease will commence in 2020 with a term of 7.3 years. The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at February 29, 2020 is as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 7.58 3.90 Weighted-average discount rate 5.9 % 5.6 % Supplemental and other information related to leases was as follows: Twenty-Six Weeks Ended February 29, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 2,817 Operating cash flows from finance leases 9 Financing cash flows from finance leases 157 Comparative Information as Reported Under Previous Accounting Standards The following comparative information is reported based upon previous accounting standards in effect for the periods presented. Future minimum payments under lease arrangements with a remaining term in excess of one year were as follows as of August 31, 2019: (in thousands) August 31, 2019 2020 $ 2,546 2021 1,947 2022 1,677 2023 1,093 2024 87 Thereafter 56 Total $ 7,406 For the thirteen weeks ended February 23, 2019 rent expense for operating leases were $0.5 million . For the twenty-six weeks ended February 23, 2019 rent expense for operating leases were $1.1 million

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 29, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	tigation The Company is a party to certain litigation and claims that are considered normal to the operations of the business. From time to time, we have been and may again become involved in legal proceedings arising in the ordinary course of our business. We are not presently a party to any litigation that we believe to be material, and we are not aware of any pending or threatened litigation against us that we believe could have a material adverse effect of our business, operating result, financial condition or cash flows. During the fifty-three week period ended August 31, 2019, the Company reserved $3.5 million for the potential settlement of class action litigation concerning certain product label claims. During the twenty-six weeks ended February 29, 2020 , the Company reserved an additional $0.3 million . The reserve is included within General and administrative in the Consolidated Statements of Operations and Comprehensive Income. Other The Company has entered into endorsement contracts with certain celebrity figures and social media influencers to promote and endorse the Atkins and Quest brands and product lines. 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 29, 2020 , the Company will be required to make payments of $3.0 million over the next twelve months.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Feb. 29, 2020
Equity [Abstract]
Stockholders' Equity	On October 9, 2019, we completed an underwritten public offering of 13,379,205 shares of our common stock at a price to the public of $ 26.35 per share. The Company paid underwriting discounts and commissions of $0.19 per share resulting in net proceeds to us of $26.16 per share, or approximately $350.0 million (the “Offering”). The Company paid $0.8 million for legal, accounting and registrations fees related to the Offering. The net proceeds were used to pay a portion of the purchase price and related fees and expenses for the Acquisition of Quest. Equity Warrants Prior to the Acquisition of Atkins, Conyers Park issued 6,700,000 private placement warrants. The Company assumed these private placement warrants in connection with the Acquisition of Atkins. As a result of the Acquisition of Atkins, 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 the Company. All other features of the warrants were unchanged. The private placement 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 29, 2020 , the Company did not repurchase any shares of common stock. As of February 29, 2020 , approximately $47.9 million

Earnings Per Share

Earnings Per Share	6 Months Ended
	Feb. 29, 2020
Earnings Per Share [Abstract]
Earnings Per Share	asic earnings per share is based on the weighted average number of common shares issued and outstanding. In periods in which the Company has net income, 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. In periods in which the Company has a net loss, diluted earnings per share is based on the weighted average number of common shares issued and outstanding. The effect of including common stock equivalents outstanding is considered anti-dilutive. 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 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Basic earnings per share computation: Numerator: Net income $ 10,657 $ 12,722 $ 5,864 $ 27,979 Denominator: Weighted average common shares - basic 95,339,489 81,900,352 92,524,061 79,595,330 Basic earnings per share from net income $ 0.11 $ 0.16 $ 0.06 $ 0.35 Diluted earnings per share computation: Numerator: Net income $ 10,657 $ 12,722 $ 5,864 $ 27,979 Denominator: Weighted average common shares outstanding - basic 95,339,489 81,900,352 92,524,061 79,595,330 Public and Private Warrants 3,706,986 2,745,135 3,766,141 3,818,870 Employee stock options 1,173,631 664,950 1,194,968 612,304 Non-vested shares 116,465 39,759 112,444 35,975 Weighted average common shares - diluted 100,336,571 85,350,196 97,597,614 84,062,479 Diluted earnings per share from net income $ 0.11 $ 0.15 $ 0.06 $ 0.33 Earnings per share calculations for the thirteen weeks ended February 29, 2020 and February 23, 2019 excluded 0.4 million and 0.4 million shares of stock options issuable upon exercise, 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 29, 2020 and February 23, 2019 excluded 0.3 million and 0.3 million shares of stock options issuable upon exercise, respectively, that would have been anti-dilutive. Earnings per share calculations for the twenty-six weeks ended February 23, 2019 excluded 0.1 million

Stock Option Plan

Stock Option Plan	6 Months Ended
	Feb. 29, 2020
Share-based Payment Arrangement [Abstract]
Stock Option Plan	tock-based compensation includes stock options, restricted stock unit, performance stock unit awards and stock appreciation rights, which are awarded to employees, directors, and consultants 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 $2.1 million and $1.4 million of stock-based compensation expense in the thirteen weeks ended February 29, 2020 and February 23, 2019 , respectively. The Company recorded $3.8 million and $2.5 million of stock-based compensation expense in the twenty-six weeks ended February 29, 2020 and February 23, 2019 , respectively. Stock Options The following table summarizes stock option activity for the twenty-six weeks ended February 29, 2020 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 31, 2019 2,748,735 $ 13.35 Granted 194,014 24.20 Exercised (76,366 ) 12.20 Forfeited — — Outstanding as of February 29, 2020 2,866,383 $ 14.11 7.77 Vested and expected to vest as of February 29, 2020 2,866,383 $ 14.11 7.77 Exercisable as of February 29, 2020 1,520,073 $ 12.69 7.50 As of February 29, 2020 , the Company had $4.3 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.08 years. During the twenty-six week period ended February 29, 2020 , the Company received $0.9 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 29, 2020 : Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 132,633 25.49 Vested (50,927 ) 18.20 Forfeited (2,284 ) 15.87 Non-vested as of February 29, 2020 171,822 $ 23.49 As of February 29, 2020 , the Company had $3.2 million of total unrecognized compensation cost related to restricted stock units that will be recognized over a weighted average period of 1.96 years. Performance Stock Units During the twenty-six weeks ended February 29, 2020 , 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 200% based upon certain performance criteria in 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 29, 2020 : Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (1,443 ) 15.74 Non-vested as of February 29, 2020 312,234 $ 17.92 As of February 29, 2020 , the Company had $4.3 million of total unrecognized compensation cost related to performance stock units that will be recognized over a weighted average period of 2.08 years. Stock Appreciation Rights Stock appreciation rights ("SARs") permit the holder to participate in the appreciation of the Company's Common Stock price. The Company's SARs settle in shares of Common Stock once the applicable vesting criteria has been met. Stock appreciation rights cliff vest 3 years from the date of grant and must be exercised within 10 years . The following table summarizes SARs activity for the twenty-six weeks ended February 29, 2020 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 31, 2019 — $ — Granted 150,000 24.20 Exercised — — Forfeited — — Outstanding as of February 29, 2020 150,000 $ 24.20 9.67 Vested and expected to vest as of February 29, 2020 150,000 $ 24.20 9.67 Exercisable as of February 29, 2020 — $ — 0.00 As of February 29, 2020 , the Company had $0.4 million of total unrecognized compensation cost related to its SARs that will be recognized over a weighted average period of 2.67

Segment and Customer Informatio

Segment and Customer Information	6 Months Ended
	Feb. 29, 2020
Segment Reporting [Abstract]
Segment and Customer Information	Following the Acquisition of Quest, the Company's operations are organized into two operating segments; Atkins and Quest, which are aggregated into one reporting segment, due to similar financial, economic and operating characteristics. The operating segments are also similar in the following areas: (a) the nature of the products; (b) the nature of the production processes; (c) the methods used to distribute products to customers, (d) the type of customer for the products, and (e) the nature of the regulatory environment. The results of the operating segments are reviewed by the Company’s chief operating decision maker, our Chief Executive Officer, to make decisions about resource expenditures and assessing financial performance. These operating segments are therefore aggregated into the Company’s only reportable segment.

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Feb. 29, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	In December 2019, a novel coronavirus disease (“COVID-19”) was reported and in January 2020, the World Health Organization (“WHO”) declared it a Public Health Emergency of International Concern. On February 28, 2020, the WHO raised its assessment of the COVID-19 threat from high to very high at a global level due to the continued increase in the number of cases and affected countries, and on March 11, 2020, the WHO characterized COVID-19 as a pandemic. As our fiscal second quarter 2020 ended on February 29, 2020, many of the initial economic effects of the early stages of the COVID-19 outbreak in the United States and the federal, state and local government-imposed movement restrictions designed to slow the pace of the outbreak occurred after the close of the quarter. In recent weeks, we have engaged actively with the various elements of our value chain, including our customers, contract manufactures, and logistics and transportation providers to meet demands for our products and to remain informed of any challenges within our value chain. Based on information available to us as of the date of this report, we believe we will be able to deliver our products to meet customer orders on a timely basis, and therefore we expect our products will continue to be available to meet consumer needs. We continue to monitor customer and consumer demands, and intend to adapt our plans as needed to continue to drive our business and meet our obligations during the COVID-19 situation. We have implemented remote work arrangements and restricted business travel effective mid-March, and to date, these arrangements have not materially affected our ability to maintain our business operations, including the operation of financial reporting systems, internal control over financial reporting, and disclosure controls and procedures. In March 2020, the Company drew $25.0 million against the Revolving Credit Facility to build up inventory and as a precautionary measure to ensure it maintains ample financial flexibility in light of the spread of COVID-19. The Company intends to use the proceeds of the Revolving Credit Facility to meet near-term elevated customer orders in response to COVID-19 as well as to increase finished goods inventory of some of its high velocity items, support working capital and support general corporate purposes. The Company may repay borrowings under the Revolving Credit Facility at any time without penalty.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Feb. 29, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, The Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326), which modifies disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. This ASU is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The amendments of this ASU should be applied on a retrospective basis to all periods presented. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820), which modifies disclosure requirements on fair value measurements of Accounting Standards Codification (“ASC”) 820. This ASU is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted including in any interim period for which financial statements have not yet been issued. Entities are permitted to early adopt the eliminated or modified disclosure requirements and delay the adoption new disclosure requirements until their effective date. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements and does not anticipate adoption of this ASU will be material to its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited period of time to ease the potential burden in accounting for reference rate reform on financial reporting. The amendments in this ASU are effective for all entities as of March 12, 2020 through December 31, 2022. The amendments of this ASU should be applied on a prospective basis. The Company is currently evaluating the effects adoption of this guidance will have on the consolidated financial statements. Recently Adopted Accounting Pronouncements 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. In 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 period adopted using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. On September 1, 2019, we adopted ASU No. 2016-02, Leases (“Topic 842”) using the alternative transition method under ASU No. 2018-11, which permits application of the new guidance at the beginning of the period of adoption , with comparative periods continuing to be reporting under Topic 840. Upon adoption of the new standard as of the first day of fiscal 2020, the Company recorded the following within the Condensed Consolidated Balance Sheet: operating lease right of use assets of $5.1 million included within Other long-term assets, current operating lease liabilities of $2.0 million included within Accrued expenses and other current liabilities, long-term operating lease liabilities of $3.8 million included within Other long-term liabilities, finance lease right of use assets of $1.2 million included within Property and equipment, net, current finance lease liabilities of $0.2 million included within Current maturities of long term debt, and long-term finance lease liabilities of $1.0 million included within Long-term debt less current maturities . Following the Acquisition of Quest, the Company recorded the following amounts in the Condensed Consolidated Balance Sheet as of the closing date: operating lease right of use assets of $21.1 million included within Other long-term assets, current operating lease liabilities of $2.0 million included within Accrued expenses and other current liabilities, and long-term operating lease liabilities of $18.9 million included within Other long-term liabilities. The adoption of these ASUs did not result in a cumulative-effect adjustment to the opening balance of retained earnings. The guidance provides a number of optional practical expedients in adoption. We elected to adopt the package of practical expedients permitted under the transition guidance within the standard, which among other things, permits us to not reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We did not elect the use-of-hindsight practical expedient or the practical expedient pertaining to land easements, the latter not being applicable to us. In addition, we elected an accounting policy to include both lease and non-lease components as a single component for all asset classes where we are the lessee. For additional information on our leases, see Note 9 . In June 2018, the FASB issued ASU No. 2018-07, Compensation – Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with the accounting for employee share-based compensation. The Company adopted this ASU as of the first day of fiscal 2020. The adoption of this ASU did not have a material effect on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract, which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this ASU as of the first day of fiscal 2020. The adoption of this ASU did not have a material effect on the 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 unaudited interim 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 unaudited interim 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 unless otherwise disclosed. The results reported in these unaudited interim condensed consolidated financial statements are not necessarily indicative of the results that may be reported for the entire fiscal year and should be read in conjunction with our consolidated financial statements for the fiscal year ended August 31, 2019 , included in our Annual Report on Form 10-K (“Annual Report”), filed with the SEC on October 30, 2019. 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 Accoun_3

Summary of Significant Accounting Policies Change in Accounting Principle (Tables)	6 Months Ended
	Feb. 23, 2019
Change in Accounting Principle [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	During the fourth quarter ended August 31, 2019, the Company changed its accounting principle related to the presentation of third party delivery costs associated with shipping and handling activities previously included as operating expenses in Distribution in the Consolidated Statements of Operations and Comprehensive Income. The Company now presents these expenses within Cost of goods sold in the Consolidated Statements of Operations and Comprehensive Income. In connection with the change in accounting principle, the Company also changed its definition of shipping and handling costs to include costs paid to third-party warehouse operators associated with delivering product to a customer, previously included in General and administrative , and Depreciation and amortization of the assets at the third-party warehouse, previously included in Depreciation and amortization . Under the previous definition of shipping and handling costs, the Company only included delivery costs in Distribution . The effect of the adjustment is as follows: Thirteen Weeks Ended February 23, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 66,166 7,979 — $ 74,145 Distribution $ 5,797 (5,797 ) — $ — General and administrative $ 15,855 (2,145 ) 22 $ 13,732 Depreciation and amortization $ 1,939 (37 ) — $ 1,902 Twenty-Six Weeks Ended February 23, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 127,986 15,170 — $ 143,156 Distribution $ 11,081 (11,081 ) — $ — General and administrative $ 29,724 (4,016 ) 22 $ 25,730 Depreciation and amortization $ 3,825 (74 ) — $ 3,751

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Feb. 29, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table sets forth the preliminary purchase price of the Acquisition of Quest to the estimated fair value of the net assets acquired at the date of acquisition, subject to finalization per the terms of the Purchase Agreement. The preliminary purchase price allocation may be adjusted as a result of the finalization of our purchase price allocation procedures related to the assets acquired and liabilities assumed. The preliminary November 7, 2019 fair value is as follows: (In thousands) Assets acquired: Cash and cash equivalents $ 4,745 Accounts receivable, net 26,537 Inventories 43,091 Prepaid assets 1,214 Other current assets 3,821 Property and equipment, net (1) 10,363 Intangible assets, net (2) 848,375 Other long-term assets 20,997 Liabilities assumed: Accounts payable 25,200 Other current liabilities 11,237 Deferred income taxes (3) 14,158 Other long-term liabilities 18,891 Total identifiable net assets 889,657 Goodwill (4) 99,289 Total assets acquired and liabilities assumed $ 988,946
Business Combination, Revenues of Acquired Entity	The results of Quest's operations have been included in the Simply Good Foods' Consolidated Financial Statements since November 7, 2019, the date of acquisition. The following table provides net sales from the acquired Quest business included in the Company's results: Thirteen Weeks Ended Twenty-Six Weeks Ended February 29, 2020 February 29, 2020 Net sales $ 88,305 $ 105,387
Business Acquisition, Pro Forma Information [Table Text Block]	Pro forma financial information is not intended to represent or be indicative of the actual results of operations of the combined business that would have been reported had the Acquisition of Quest been completed at the beginning of the fiscal year 2019, nor is it representative of future operating results of the Company. This unaudited pro forma combined financial information is prepared based on Article 11 of Regulation S-X period end guidance. The Company and the legacy Quest entity have different fiscal year ends, with Simply Good Foods’ fiscal year being the last Saturday of August while the legacy Quest business fiscal year end was December 31. Because the year ends differ by more than 93 days, Quest's financial information is required to be adjusted to a period within 93 days of Simply Good Foods’ fiscal period end. For the purposes of preparing the unaudited pro forma combined financial information for the thirteen weeks ended February 23, 2019 , Quest’s unaudited consolidated statement of operations for the three months ended December 31, 2018 was derived by deducting the historical unaudited consolidated statement of operations for the nine months ended September 30, 2018, from the unaudited consolidated statement of operations for the fiscal year ended December 31, 2018. For the purposes of preparing the unaudited pro forma combined financial information for the twenty-six weeks ended February 23, 2019 , Quest’s unaudited consolidated statement of operations for the six months ended December 31, 2018 was derived by deducting the historical unaudited consolidated statement of operations for the six months ended June 30, 2018, from the unaudited consolidated statement of operations for the fiscal year ended December 31, 2018. In addition to the above period end adjustments, the pro forma results include certain adjustments, as required under ASC 805, which are different than Article 11 pro forma requirements. ASC 805 requires pro forma adjustments to reflect the effects of fair value adjustments, transaction costs, capital structure changes, the tax effects of such adjustments, and also requires nonrecurring adjustments be prepared as though the Acquisition of Quest had occurred as of the beginning of the earliest period presented. The adjustments to the historical Quest financial results include the exclusion of legacy derivatives and interest expense that were settled in the execution of the Acquisition of Quest. Additional adjustments include non recurring transaction costs and the portion of the inventory fair value adjustment recorded by the Company during the thirteen weeks ended and twenty-six weeks ended February 29, 2020 . Both periods were further adjusted to reflect a full period of (a) fair value adjustments related to inventory and incremental customer relationship amortization, (b) interest expense with the higher principal and interest rates associated with the Company's new term loan debt incurred to finance, in part, the Acquisition of Quest, and (c) the effects of the adjustments on income taxes and net income. The following unaudited pro forma combined financial information presents combined results of the Company and Quest as if the Acquisition of Quest has occurred at the beginning of fiscal 2019: Thirteen Weeks Ended Twenty-Six Weeks Ended February 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Revenue $ 227,101 $ 202,802 $ 447,657 $ 392,747 Gross profit $ 90,479 $ 75,361 $ 178,667 $ 136,948 Net income (loss) $ 15,049 $ 11,837 $ 30,697 $ (7,246 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Feb. 29, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenues from transactions with external customers for each of Simply Good Foods’ 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 and brand. Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands) February 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Net sales North America $ 131,435 $ 117,946 $ 259,247 $ 232,552 International 7,361 5,854 14,620 12,179 Total Atkins 138,796 123,800 273,867 244,731 Quest (1) 88,305 — 105,387 — Total $ 227,101 $ 123,800 $ 379,254 $ 244,731 (1) Quest net sales are primarily in North America.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Changes to goodwill during the twenty-six weeks ended February 29, 2020 were as follows: Total Balance as of August 31, 2019 $ 471,427 Acquisition of business 99,289 Balance as of February 29, 2020 $ 570,716
Schedule of Finite-Lived Intangible Assets	Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 962,000 $ — $ 962,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 12,703 161,297 Proprietary recipes and formulas 7 years 7,000 2,631 4,369 Licensing agreements 14 years 22,000 4,134 17,866 Software and website development costs 3 - 5 years 5,612 1,940 3,672 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 21,408 $ 1,149,410 August 31, 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 8,382 50,618 Proprietary recipes and formulas 7 years 7,000 2,131 4,869 Licensing agreements 14 years 22,000 3,348 18,652 $ 320,000 $ 13,861 $ 306,139
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: February 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 962,000 $ — $ 962,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 12,703 161,297 Proprietary recipes and formulas 7 years 7,000 2,631 4,369 Licensing agreements 14 years 22,000 4,134 17,866 Software and website development costs 3 - 5 years 5,612 1,940 3,672 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 21,408 $ 1,149,410 August 31, 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 8,382 50,618 Proprietary recipes and formulas 7 years 7,000 2,131 4,869 Licensing agreements 14 years 22,000 3,348 18,652 $ 320,000 $ 13,861 $ 306,139
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 2020 $ 7,782 2021 15,327 2022 15,094 2023 14,829 2024 14,281 2025 and thereafter 119,891 Total $ 187,204

Long-Term Debt and Line of Cr_2

Long-Term Debt and Line of Credit (Tables)	6 Months Ended
	Feb. 29, 2020
Debt Disclosure [Abstract]
Schedule of Debt	At February 29, 2020 and August 31, 2019 , there were no cash amounts drawn against the Revolving Credit Facility. Long-term debt consists of the following: (In thousands) February 29, 2020 August 31, 2019 Term Loan (effective rate of 5.4% at February 29, 2020) $ 635,500 $ 196,500 Finance lease liabilities (effective rate of 5.6% at February 29, 2020) 1,050 — Less: Deferred financing fees 12,210 5,565 Total debt 624,340 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at February 29, 2020 and $1.3 million at August 31, 2019 — 676 Current finance lease liabilities 264 — Long-term debt, net of deferred financing fees $ 624,076 $ 190,259

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Feb. 29, 2020
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 29, 2020 and February 23, 2019 resulting from operations: Twenty-Six Weeks Ended (In thousands) February 29, 2020 February 23, 2019 Income before income taxes $ 8,057 $ 36,631 Provision for income taxes $ 2,193 $ 8,652 Effective tax rate 27.2 % 23.6 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Feb. 29, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended (in thousands) Statement of Operations Caption February 29, 2020 February 29, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 1,441 $ 2,247 Variable lease cost (1) Cost of goods sold and General and administrative 426 736 Operating lease cost 1,867 2,983 Short term lease cost General and administrative 18 24 Finance lease cost: Amortization of right-of use assets Cost of goods sold 66 136 Interest on lease liabilities Interest expense 16 32 Total finance lease cost 82 168 Total lease cost $ 1,967 $ 3,175 (1) Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs.
Lease assets and liabilities [Table Text Block]	The gross amounts of assets and liabilities related to both operating and finance leases are as follows: (in thousands) Balance Sheet Caption February 29, 2020 Assets Operating lease right of use assets Other long-term assets $ 27,072 Finance lease right of use assets Property and equipment, net 1,049 Total lease assets $ 28,121 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 3,947 Finance lease liabilities Current maturities of long-term debt 264 Long-term: Operating lease liabilities Other long-term liabilities 23,842 Finance lease liabilities Long-term debt, less current maturities 786 Total lease liabilities $ 28,839
Finance Lease, Liability, Maturity [Table Text Block]	Future maturities of lease liabilities were as follows: Operating Leases Finance Leases Fiscal year ending: Remainder of 2020 $ 2,772 $ 157 2021 5,028 313 2022 4,643 313 2023 3,995 278 2024 3,882 145 Thereafter 14,706 — Total lease payments 35,026 1,206 Less: Interest (7,237 ) (156 ) Present value of lease liabilities $ 27,789 $ 1,050
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future maturities of lease liabilities were as follows: Operating Leases Finance Leases Fiscal year ending: Remainder of 2020 $ 2,772 $ 157 2021 5,028 313 2022 4,643 313 2023 3,995 278 2024 3,882 145 Thereafter 14,706 — Total lease payments 35,026 1,206 Less: Interest (7,237 ) (156 ) Present value of lease liabilities $ 27,789 $ 1,050
Schedule of Weighted Average Remaining Lease Terms [Table Text Block]	The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at February 29, 2020 is as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 7.58 3.90 Weighted-average discount rate 5.9 % 5.6 %
Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]	Supplemental and other information related to leases was as follows: Twenty-Six Weeks Ended February 29, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 2,817 Operating cash flows from finance leases 9 Financing cash flows from finance leases 157
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum payments under lease arrangements with a remaining term in excess of one year were as follows as of August 31, 2019: (in thousands) August 31, 2019 2020 $ 2,546 2021 1,947 2022 1,677 2023 1,093 2024 87 Thereafter 56 Total $ 7,406

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Feb. 29, 2020
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 29, 2020 February 23, 2019 February 29, 2020 February 23, 2019 Basic earnings per share computation: Numerator: Net income $ 10,657 $ 12,722 $ 5,864 $ 27,979 Denominator: Weighted average common shares - basic 95,339,489 81,900,352 92,524,061 79,595,330 Basic earnings per share from net income $ 0.11 $ 0.16 $ 0.06 $ 0.35 Diluted earnings per share computation: Numerator: Net income $ 10,657 $ 12,722 $ 5,864 $ 27,979 Denominator: Weighted average common shares outstanding - basic 95,339,489 81,900,352 92,524,061 79,595,330 Public and Private Warrants 3,706,986 2,745,135 3,766,141 3,818,870 Employee stock options 1,173,631 664,950 1,194,968 612,304 Non-vested shares 116,465 39,759 112,444 35,975 Weighted average common shares - diluted 100,336,571 85,350,196 97,597,614 84,062,479 Diluted earnings per share from net income $ 0.11 $ 0.15 $ 0.06 $ 0.33

Stock Option Plan (Tables)

Stock Option Plan (Tables)	6 Months Ended
	Feb. 29, 2020
Share-based Payment Arrangement [Abstract]
Stock option activity	The following table summarizes stock option activity for the twenty-six weeks ended February 29, 2020 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 31, 2019 2,748,735 $ 13.35 Granted 194,014 24.20 Exercised (76,366 ) 12.20 Forfeited — — Outstanding as of February 29, 2020 2,866,383 $ 14.11 7.77 Vested and expected to vest as of February 29, 2020 2,866,383 $ 14.11 7.77 Exercisable as of February 29, 2020 1,520,073 $ 12.69 7.50
Restricted stock activity	The following table summarizes restricted stock unit activity for the twenty-six weeks ended February 29, 2020 : Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 132,633 25.49 Vested (50,927 ) 18.20 Forfeited (2,284 ) 15.87 Non-vested as of February 29, 2020 171,822 $ 23.49
Performance stock unit activity	The following table summarizes performance stock unit activity for the twenty-six weeks ended February 29, 2020 : Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (1,443 ) 15.74 Non-vested as of February 29, 2020 312,234 $ 17.92
Stock appreciation right activity	The following table summarizes SARs activity for the twenty-six weeks ended February 29, 2020 : Shares Weighted average Weighted average remaining contractual life (in years) Outstanding as of August 31, 2019 — $ — Granted 150,000 24.20 Exercised — — Forfeited — — Outstanding as of February 29, 2020 150,000 $ 24.20 9.67 Vested and expected to vest as of February 29, 2020 150,000 $ 24.20 9.67 Exercisable as of February 29, 2020 — $ — 0.00

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Change in Accounting Principle (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019	Nov. 07, 2019	Sep. 01, 2019	Aug. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold	$ 141,707	$ 74,145	$ 231,654	$ 143,156
Distribution		0		0
General and administrative	28,103	13,732	46,248	25,730
Depreciation and amortization	4,287	1,902	6,740	3,751
New accounting pronouncements
Operating lease, right-of-use asset	27,072		27,072
Operating lease, liability, current	3,947		3,947
Operating lease, liability, noncurrent	23,842		23,842
Finance lease, right-of-use asset	1,049		1,049
Finance lease, liability, current	264		264				$ 0
Finance lease, liability, noncurrent	$ 786		$ 786
Change in Accounting Principle and Presentation
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		7,979		15,170
Distribution		(5,797)		(11,081)
General and administrative		(2,145)		(4,016)
Depreciation and amortization		(37)		(74)
Other Operating Income (Expense) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Revenue		0		0
Distribution		0		0
General and administrative		22		22
Depreciation and amortization		0		0
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		66,166		127,986
Distribution		5,797		11,081
General and administrative		15,855		29,724
Depreciation and amortization		$ 1,939		$ 3,825
Other long-term assets
New accounting pronouncements
Operating lease, right-of-use asset					$ 21,100	$ 5,100
Accrued expenses and other current liabilities
New accounting pronouncements
Operating lease, liability, current					2,000	2,000
Other long-term liabilities
New accounting pronouncements
Operating lease, liability, noncurrent					$ 18,900	3,800
Property and equipment
New accounting pronouncements
Finance lease, right-of-use asset						1,200
Current maturities of long-term debt
New accounting pronouncements
Finance lease, liability, current						200
Long-term debt
New accounting pronouncements
Finance lease, liability, noncurrent						$ 1,000

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	Nov. 07, 2019	Oct. 09, 2019	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Business Acquisition [Line Items]
Payments to acquire business, equity issuance		$ 350,000
Business transaction costs			$ 694	$ 290	$ 26,853	$ 1,329
Fair value measurement period adjustment					3,300
Acquisition of Quest
Business Acquisition [Line Items]
Total purchase price	$ 988,946
Payments to acquire business, cash on hand	195,300
Payments to acquire business, equity issuance		$ 350,000
Proceeds from long-term line of credit	443,600
Business transaction costs					$ 26,900
Transaction advisory fees	14,500
Banker commitment fees	3,200
Non-deferrable debt issuance costs	6,100
Legal, due diligence and accounting fees	3,100
Intangible assets, net	848,375
Deferred income taxes	14,158
Property and equipment, net	10,363
Centerview Partners | Acquisition of Quest
Business Acquisition [Line Items]
Transaction advisory fees	12,000
Brands and trademarks | Acquisition of Quest
Business Acquisition [Line Items]
Intangible assets, net	730,000
Customer relationships | Acquisition of Quest
Business Acquisition [Line Items]
Intangible assets, net	115,000
Tax deductible goodwill	79,700
Customer relationships | Software and website development costs
Business Acquisition [Line Items]
Intangible assets, net	3,400
Leasehold improvements | Acquisition of Quest
Business Acquisition [Line Items]
Property and equipment, net	6,900
Furniture and fixtures | Acquisition of Quest
Business Acquisition [Line Items]
Property and equipment, net	2,200
Equipment | Acquisition of Quest
Business Acquisition [Line Items]
Property and equipment, net	$ 1,300

Business Combination (Details 2

Business Combination (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019	Nov. 07, 2019	Aug. 31, 2019
Business Combination, Consideration Transferred [Abstract]
Goodwill	$ 570,716		$ 570,716			$ 471,427
Business Combination, Description [Abstract]
Net sales	227,101	$ 123,800	379,254	$ 244,731
Acquisition of Quest
Business Combination, Consideration Transferred [Abstract]
Cash and equivalents					$ 4,745
Accounts receivable, net					26,537
Inventories					43,091
Prepaid assets					1,214
Other current assets					3,821
Property and equipment, net					10,363
Intangible assets, net					848,375
Other long-term assets					20,997
Accounts payable					25,200
Other current liabilities					11,237
Deferred income taxes					14,158
Other long-term liabilities					18,891
Total identifiable net assets					889,657
Goodwill					99,289
Total assets acquired and liabilities assumed					$ 988,946
Quest | Acquisition of Quest
Business Combination, Description [Abstract]
Net sales	$ 88,305	$ 0	$ 105,387	$ 0

Business Combination (Details 3

Business Combination (Details 3) - Acquisition of Quest - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Business Acquisition [Line Items]
Pro forma revenue	$ 227,101	$ 202,802	$ 447,657	$ 392,747
Pro forma gross profit	90,479	75,361	178,667	136,948
Pro forma net income (loss)	$ 15,049	$ 11,837	$ 30,697	$ (7,246)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Disaggregation of revenue
Net sales	$ 227,101	$ 123,800	$ 379,254	$ 244,731
North America
Disaggregation of revenue
Net sales	131,435	117,946	259,247	232,552
International
Disaggregation of revenue
Net sales	7,361	5,854	14,620	12,179
Atkins
Disaggregation of revenue
Net sales	138,796	123,800	273,867	244,731
Acquisition of Quest | Quest
Disaggregation of revenue
Net sales	$ 88,305	$ 0	$ 105,387	$ 0

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0		$ 0
Intangible asset amortization expense	$ 3,900,000	$ 1,600,000	$ 6,200,000	$ 3,300,000

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 29, 2020	Aug. 31, 2019
Intangible assets with finite lives:
Intangible assets, Gross carrying amount	$ 1,170,818	$ 320,000
Accumulated amortization	21,408	13,861
Intangible assets, Net carrying amount	1,149,410	306,139
Finite-lived intangible assets, Net carrying amount	$ 187,204
Customer relationships
Intangible assets with finite lives:
Useful life	15 years
Finite-lived intangible assets, Gross carrying amount	$ 174,000	59,000
Accumulated amortization	12,703	8,382
Finite-lived intangible assets, Net carrying amount	161,297	50,618
Software and website development costs
Intangible assets with finite lives:
Finite-lived intangible assets, Gross carrying amount	5,612
Accumulated amortization	1,940
Finite-lived intangible assets, Net carrying amount	$ 3,672
Proprietary recipes and formulas
Intangible assets with finite lives:
Useful life	7 years
Finite-lived intangible assets, Gross carrying amount	$ 7,000	7,000
Accumulated amortization	2,631	2,131
Finite-lived intangible assets, Net carrying amount	$ 4,369	4,869
Licensing agreements
Intangible assets with finite lives:
Useful life	14 years
Finite-lived intangible assets, Gross carrying amount	$ 22,000	22,000
Accumulated amortization	4,134	3,348
Finite-lived intangible assets, Net carrying amount	17,866	18,652
Intangible assets in progress
Intangible assets with finite lives:
Finite-lived intangible assets, Gross carrying amount	206
Accumulated amortization	0
Finite-lived intangible assets, Net carrying amount	$ 206
Minimum | Software and website development costs
Intangible assets with finite lives:
Useful life	3 years
Minimum | Intangible assets in progress
Intangible assets with finite lives:
Useful life	3 years
Maximum | Software and website development costs
Intangible assets with finite lives:
Useful life	5 years
Maximum | Intangible assets in progress
Intangible assets with finite lives:
Useful life	5 years
Brands and trademarks
Intangible assets with indefinite lives:
Indefinite-lived intangible assets	$ 962,000	$ 232,000

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Feb. 29, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 7,782
2020	15,327
2021	15,094
2022	14,829
2023	14,281
2025 and thereafter	119,891
Finite-lived intangible assets, Net carrying amount	$ 187,204

Goodwill and Intangibles Goodwi

Goodwill and Intangibles Goodwill Rollforward (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 29, 2020	Aug. 31, 2019
Goodwill [Line Items]
Goodwill	$ 570,716	$ 471,427
Changes in goodwill	$ 99,289

Long-Term Debt and Line of Cr_3

Long-Term Debt and Line of Credit - Narrative (Details) - USD ($) $ in Millions	Nov. 07, 2019	Mar. 16, 2018	Jul. 07, 2017	Feb. 29, 2020
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount				$ 5
Term Loan
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage				5.70%
Proceeds from long-term line of credit	$ 460
Term Loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%
Finance leases
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage				5.60%
Barclays Bank PLC and Other Parties | Term Loan
Debt Instrument [Line Items]
Borrowing capacity			$ 200
Maturity period			7 years
Barclays Bank PLC and Other Parties | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity			$ 75
Maturity period			5 years
Proceeds from long-term line of credit				$ 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				$ 0
Line of Credit | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Line of Credit | Barclays Bank PLC and Other Parties | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%	0.50%
Line of Credit | Barclays Bank PLC and Other Parties | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Line of Credit | Barclays Bank PLC and Other Parties | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		3.50%
Line of Credit | Barclays Bank PLC and Other Parties | Term Loan | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate			3.00%
Line of Credit | Barclays Bank PLC and Other Parties | Term Loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			4.00%
Interest rate floor			1.00%
Line of Credit | Barclays Bank PLC and Other Parties | Revolving Credit Facility | Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%
Line of Credit | Barclays Bank PLC and Other Parties | 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. 29, 2020	Aug. 31, 2019
Debt Disclosure [Abstract]
Debt, gross	$ 635,500	$ 196,500
Finance Lease, Liability	1,050	0
Less: Deferred financing fees	12,210	5,565
Total debt	624,340	190,935
long-term debt, current maturities, term loan	0	676
Finance lease, liability, current	264	0
Long-term debt, net of deferred financing fees	624,076	190,259
Deferred financing fees, current	$ 0	$ 1,300

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss in fair value change of contingent consideration - TRA liability	$ 0	$ 0	$ 0	$ 533
Gain of settlement of TRA liability			$ 0	$ 1,534

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. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Income Tax Disclosure [Abstract]
Income before income taxes	$ 14,579	$ 16,749	$ 8,057	$ 36,631
Provision for income taxes	$ 3,922	$ 4,027	$ 2,193	$ 8,652
Effective tax rate			27.20%	23.60%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Income Tax Disclosure [Abstract]
Effective tax rate difference			3.60%
Payment of TRA liability			$ 0	$ 26,468
Loss in fair value change of contingent consideration - TRA liability	$ 0	$ 0	0	533
Gain on settlement of TRA liability			$ 0	$ (1,534)

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Feb. 29, 2020	Feb. 29, 2020	Feb. 23, 2019	Aug. 31, 2019
Components of lease expense
Lease cost	$ 1,441	$ 2,247
Variable lease cost (1)	426	736
Operating lease cost	1,867	2,983
Short term lease cost	18	24
Amortization of right-of use assets	66	136
Interest on lease liabilities	16	32
Total finance lease cost	82	168
Total lease cost	1,967	3,175
Assets and liabilities, lessee
Operating lease, right-of-use asset	27,072	27,072
Finance lease, right-of-use asset	1,049	1,049
Total lease assets	28,121	28,121
Operating lease, liability, current	3,947	3,947
Finance lease, liability, current	264	264		$ 0
Operating lease, liability, noncurrent	23,842	23,842
Finance lease, liability, noncurrent	786	786
Total lease liabilities	28,839	28,839
Future maturities of lease liabilities, operating leases
Remainder of 2020	2,772	2,772
2021	5,028	5,028
2022	4,643	4,643
2023	3,995	3,995
2024	3,882	3,882
Thereafter	14,706	14,706
Total lease payments	35,026	35,026
Less: Interest	(7,237)	(7,237)
Present value of lease liabilities	27,789	27,789
Future maturities of lease liabilities, finance leases
Remainder of 2020	157	157
2021	313	313
2022	313	313
2023	278	278
2024	145	145
Thereafter	0	0
Total lease payments	1,206	1,206
Less: Interest	(156)	(156)
Present value of lease liabilities	$ 1,050	$ 1,050		$ 0
Finance Lease, Weighted Average Discount Rate, Percent	5.60%	5.60%
Finance Lease, Weighted Average Remaining Lease Term	3 years 10 months 24 days	3 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	5.90%	5.90%
Operating Lease, Weighted Average Remaining Lease Term	7 years 6 months 29 days	7 years 6 months 29 days
Supplemental and other information related to leases
Operating cash flows from operating leases		$ 2,817
Operating cash flows from finance leases		9
Financing cash flows from finance leases		157	$ 0
Lease not yet commenced, expected payments	$ 1,500	$ 1,500
Lease not yet commenced, term of contract	7 years 3 months 18 days	7 years 3 months 18 days

Leases (Details 2)

Leases (Details 2) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Feb. 23, 2019	Feb. 23, 2019	Aug. 31, 2019
Leases [Abstract]
Rent expense	$ 500	$ 1,100
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020			$ 2,546
2021			1,947
2022			1,677
2023			1,093
2024			87
Thereafter			56
Total			$ 7,406

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Feb. 23, 2019	Aug. 31, 2019	Feb. 29, 2020
Commitments and Contingencies Disclosure [Abstract]
Litigation Settlement, Expense	$ 0.3	$ 3.5
Other commitment payment obligation			$ 3

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 09, 2019	Feb. 29, 2020	Feb. 23, 2019
Class of Stock [Line Items]
Equity Issuance costs, Legal	$ 800
Shares, Issued	13,379,205
Shares issued price per share to public	$ 26.35
Underwriting discounts and commissions, Price per share	0.19
Shares issued proceeds per shares	$ 26.16
Proceeds from issuance of equity	$ 350,000
Cash received from warrant exercises		$ 0	$ 113,464
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 47,900
Private Placement Warrants
Class of Stock [Line Items]
Warrants issued (in shares)		6,700,000
Treasury Stock
Class of Stock [Line Items]
Stock repurchase program, authorized amount		$ 50,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Feb. 29, 2020	Nov. 30, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019
Numerator:
Net income	$ 10,657	$ (4,793)	$ 12,722	$ 15,257	$ 5,864	$ 27,979
Denominator:
Weighted average common shares - basic (in shares)	95,339,489		81,900,352		92,524,061	79,595,330
Basic earnings per share from net income (in dollars per share)	$ 0.11		$ 0.16		$ 0.06	$ 0.35
Numerator:
Net income	$ 10,657	$ (4,793)	$ 12,722	$ 15,257	$ 5,864	$ 27,979
Denominator:
Weighted average common shares - basic (in shares)	95,339,489		81,900,352		92,524,061	79,595,330
Public and Private Warrants	3,706,986		2,745,135		3,766,141	3,818,870
Employee stock options	1,173,631		664,950		1,194,968	612,304
Non-vested shares	116,465		39,759		112,444	35,975
Weighted average common shares - diluted (in shares)	100,336,571		85,350,196		97,597,614	84,062,479
Diluted earnings per share from net income (in dollars per share)	$ 0.11		$ 0.15		$ 0.06	$ 0.33
Stock Options
Earnings per share, diluted
Antidilutive securities excluded from computation of earnings per share	400,000		400,000		300,000	300,000
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. 29, 2020	Feb. 23, 2019	Feb. 29, 2020	Feb. 23, 2019
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation expense	$ 2,100	$ 1,400	$ 3,795	$ 2,478
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			200.00%

Stock Option Plan - Stock Optio

Stock Option Plan - Stock Options Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Feb. 29, 2020USD ($)$ / sharesshares	Feb. 23, 2019USD ($)
Additional disclosures
Proceeds from option exercises | $	$ 931	$ 361
Stock Options
Shares
Outstanding at beginning of period (in shares) | shares	2,748,735
Granted (in shares) | shares	194,014
Exercised (in shares) | shares	(76,366)
Forfeited (in shares) | shares	0
Outstanding at end of period (in shares) | shares	2,866,383
Options vested or expected to vest (in shares) | shares	2,866,383
Exercisable (in shares) | shares	1,520,073
Weighted average exercise price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 13.35
Granted (in dollars per share) | $ / shares	24.20
Exercised (in dollars per share) | $ / shares	12.20
Forfeited (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	14.11
Options vested or expected to vest (in dollars per share) | $ / shares	14.11
Exercisable (in dollars per share) | $ / shares	$ 12.69
Weighted average remaining contractual term
Outstanding at end of period, weighted average remaining contractual life	7 years 9 months 7 days
Vested and expected to vest at end of period, weighted average remaining contractual life	7 years 9 months 7 days
Exercisable at end of period, weighted average remaining contractual life	7 years 6 months
Additional disclosures
Unrecognized compensation costs | $	$ 4,300
Period for recognition of unrecognized compensation cost	1 year 29 days
Proceeds from option exercises | $	$ 900

Stock Option Plan - Restricted

Stock Option Plan - Restricted Stock Units Activity (Details) - Restricted Stock Units $ / shares in Units, $ in Millions	6 Months Ended
	Feb. 29, 2020USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	92,400
Granted (in shares) | shares	132,633
Vested (in shares) | shares	(50,927)
Forfeited (in shares) | shares	(2,284)
Non-vested at end of period (in shares) | shares	171,822
Weighted average grant-date fair value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 17.50
Granted (in dollars per share) | $ / shares	25.49
Vested (in dollars per share) | $ / shares	18.20
Forfeited (in dollars per share) | $ / shares	15.87
Non-vested at end of period (in dollars per share) | $ / shares	$ 23.49
Additional disclosures
Unrecognized compensation costs | $	$ 3.2
Period for recognition of unrecognized compensation cost	1 year 11 months 15 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. 29, 2020USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	192,389
Granted (in shares) | shares	121,288
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(1,443)
Non-vested at end of period (in shares) | shares	312,234
Weighted average grant-date fair value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 11.93
Granted (in dollars per share) | $ / shares	27.39
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	15.74
Non-vested at end of period (in dollars per share) | $ / shares	$ 17.92
Additional disclosures
Period for recognition of unrecognized compensation cost	2 years 29 days
Unrecognized compensation costs | $	$ 4.3

Stock Option Plan - Stock Appre

Stock Option Plan - Stock Appreciation Rights (Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Feb. 29, 2020
Additional disclosures
Award vesting period	3 years
Award expiration period	10 years
Stock Appreciation Rights (SARs)
Shares
Outstanding at beginning of period (in shares)	0
Granted (in shares)	150,000
Exercised (in shares)	0
Forfeited (in shares)	0
Outstanding at end of period (in shares)	150,000
Options vested or expected to vest (in shares)	150,000
Exercisable (in shares)	0
Weighted average exercise price
Outstanding at beginning of period (in dollars per share)	$ 0
Granted (in dollars per share)	24.20
Exercised (in dollars per share)	0
Forfeited (in dollars per share)	0
Outstanding at end of period (in dollars per share)	24.20
Options vested or expected to vest (in dollars per share)	24.20
Exercisable (in dollars per share)	$ 0
Weighted average remaining contractual term
Vested and expected to vest at end of period, weighted average remaining contractual life	9 years 8 months 1 day
Outstanding at end of period, weighted average remaining contractual life	9 years 8 months 1 day
Exercisable at end of period, weighted average remaining contractual life	0 years
Additional disclosures
Unrecognized compensation costs	$ 0.4
Period for recognition of unrecognized compensation cost	2 years 8 months 1 day

Segment and Customer Informat_2

Segment and Customer Information (Details)	6 Months Ended
	Feb. 29, 2020
Segment Reporting [Abstract]
Number of operating segments	1

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Mar. 19, 2020USD ($)
Revolving Credit Facility | Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from Lines of Credit	$ 25