The Simply Good Foods Company (SMPL) 10-Q 9 Jul 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	May 30, 2020	Jul. 06, 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	May 30, 2020
Document Fiscal Period Focus	Q3
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
Entity Common Stock, Shares Outstanding		95,379,689
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 30, 2020	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 111,134	$ 266,341
Accounts receivable, net	64,440	44,240
Inventories	84,517	38,085
Prepaid expenses	4,662	2,882
Other current assets	16,387	6,059
Total current assets	281,140	357,607
Long-term assets:
Property and equipment, net	11,916	2,456
Intangible assets, net	1,145,516	306,139
Goodwill	567,658	471,427
Other long-term assets	33,914	4,021
Total assets	2,040,144	1,141,650
Current liabilities:
Accounts payable	29,301	15,730
Accrued interest	1,287	1,693
Accrued expenses and other current liabilities	31,914	29,933
Current maturities of long-term debt	25,268	676
Total current liabilities	87,770	48,032
Long-term liabilities:
Long-term debt, less current maturities	624,752	190,259
Deferred income taxes	87,758	65,383
Other long-term liabilities	24,215	532
Total liabilities	824,495	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, 95,476,860 and 81,973,284 issued at May 30, 2020 and August 31, 2019, respectively	955	820
Treasury stock, 98,234 and 98,234 shares at cost at May 30, 2020 and August 31, 2019, respectively	(2,145)	(2,145)
Additional paid-in-capital	1,089,652	733,775
Retained earnings	128,103	105,830
Accumulated other comprehensive loss	(916)	(836)
Total stockholders’ equity	1,215,649	837,444
Total liabilities and stockholders’ equity	$ 2,040,144	$ 1,141,650

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	May 30, 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)	95,476,860	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		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Income Statement [Abstract]
Net sales	$ 215,101	$ 139,468	$ 594,355	$ 384,199
Cost of goods sold	126,475	82,811	358,129	225,967
Gross profit	88,626	56,657	236,226	158,232
Operating expenses:
Selling and marketing	24,510	17,550	69,985	47,598
General and administrative	28,713	15,947	74,961	41,677
Depreciation and amortization	4,248	1,892	10,988	5,643
Business transaction costs	47	758	26,900	2,087
Loss in fair value change of contingent consideration - TRA liability	0	0	0	533
Total operating expenses	57,518	36,147	182,834	97,538
Income from operations	31,108	20,510	53,392	60,694
Other (expense) income:
Interest income	29	1,066	1,493	2,731
Interest expense	(8,324)	(3,428)	(23,882)	(10,033)
Gain on settlement of TRA liability	0	0	0	1,534
Loss on foreign currency transactions	(418)	(153)	(596)	(421)
Other income	59	55	104	176
Total other expense	(8,654)	(2,460)	(22,881)	(6,013)
Income before income taxes	22,454	18,050	30,511	54,681
Income tax expense	6,045	4,584	8,238	13,236
Net income	16,409	13,466	22,273	41,445
Other comprehensive income:
Foreign currency translation adjustments	61	(254)	(80)	(291)
Comprehensive income	$ 16,470	$ 13,212	$ 22,193	$ 41,154
Earnings per share from net income:
Basic (in dollars per share)	$ 0.17	$ 0.16	$ 0.24	$ 0.52
Diluted (in dollars per share)	$ 0.17	$ 0.16	$ 0.23	$ 0.49
Weighted average shares outstanding:
Basic (in shares)	95,378,495	81,898,276	93,475,539	80,362,978
Diluted (in shares)	98,322,316	85,962,151	97,933,550	84,695,703

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 30, 2020	May 25, 2019
Operating activities
Net income	$ 22,273	$ 41,445
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,607	5,754
Amortization of deferred financing costs and debt discount	2,312	1,001
Stock compensation expense	5,945	3,922
Loss on fair value change of contingent consideration - TRA liability	0	533
Gain on settlement of TRA liability	0	(1,534)
Unrealized (gain) loss on foreign currency transactions	596	421
Deferred income taxes	8,055	9,841
Loss on disposal of property and equipment	0	6
Amortization of operating lease right-of-use asset	2,702	0
Other operating activities	229	0
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net	6,407	(6,388)
Inventories	(2,636)	(11,700)
Prepaid expenses	(351)	(1,258)
Other current assets	(7,865)	(253)
Accounts payable	(11,561)	6,284
Accrued interest	(406)	896
Accrued expenses and other current liabilities	(10,496)	3,698
Other assets and liabilities	(2,711)	(39)
Net cash provided by operating activities	24,100	52,629
Investing activities
Purchases of property and equipment	(766)	(777)
Issuance of notes receivable	(1,250)	0
Acquisition of business, net of cash acquired	(982,084)	0
Payments to Acquire Intangible Assets	(206)	0
Net cash used in investing activities	(984,306)	(777)
Financing activities
Proceeds from option exercises	931	518
Issuance of common stock	(84)	(9)
Payments of finance lease obligations	(272)	0
Cash received from warrant exercises	0	113,464
Repurchase of common stock	0	(1,664)
Payment of TRA liability	0	26,468
Payments of Financing Costs	(8,208)	0
Principal payments of long-term debt	(21,000)	(1,500)
Proceeds from Issuance of Common Stock	352,542	0
Payments of Stock Issuance Costs	(3,323)	0
Proceeds from Issuance of Long-term Debt	460,000	0
Proceeds from Lines of Credit	25,000	0
Net cash provided by financing activities	805,586	84,341
Net (decrease) increase in cash	(154,620)	136,193
Cash and cash equivalents
Effect of exchange rate on cash	(587)	(546)
Cash at beginning of period	266,341	111,971
Cash and cash equivalents at end of period	111,134	247,618
Supplemental disclosures of cash flow information
Cash paid for interest	21,976	8,136
Cash paid for taxes	4,647	3,759
Operating lease right-of-use assets recognized at ASU 2016-02 transition	5,102	0
Finance lease right-of-use assets recognized at ASU 2016-02 transition	1,185	0
Operating lease right-of-use assets recognized after ASU 2016-02 transition	3,745	0
Non-cash additions to property and equipment	$ 374	$ 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
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	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	41,445
Foreign currency translation adjustments	(291)
Ending balance (in shares) at May. 25, 2019		81,928,540
Ending balance, Treasury (in shares) at May. 25, 2019			75,989
Ending balance at May. 25, 2019	829,986	$ 819	$ (1,664)	732,181	99,739	(1,089)
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
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,417			1,417
Repurchase of common stock (in shares)			(6,729)
Repurchase of common stock (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)
Net income	13,466				13,466
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,444			1,444
Repurchase of common stock (in shares)			(69,260)
Repurchase of common stock (value)	(1,537)		$ (1,537)
Foreign currency translation adjustments	(254)					(254)
Shares issued upon vesting of Restricted Stock Units	(4)			(4)
Shares issued upon vesting of Restricted Stock Units (in shares)		210
Exercise of options to purchase common stock	157			157
Exercise of options to purchase common stock (in shares)		13,117
Ending balance (in shares) at May. 25, 2019		81,928,540
Ending balance, Treasury (in shares) at May. 25, 2019			75,989
Ending balance at May. 25, 2019	829,986	$ 819	$ (1,664)	732,181	99,739	(1,089)
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)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 1,673			1,673
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	$ 22,273
Foreign currency translation adjustments	$ (80)
Ending balance (in shares) at May. 30, 2020		95,476,860
Ending balance, Treasury (in shares) at May. 30, 2020	98,234		98,234
Ending balance at May. 30, 2020	$ 1,215,649	$ 955	$ (2,145)	1,089,652	128,103	(916)
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
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	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
Ending balance at Feb. 29, 2020	1,197,033	$ 955	$ (2,145)	1,087,506	111,694	(977)
Net income	16,409				16,409
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	2,150			2,150
Foreign currency translation adjustments	61					61
Shares issued upon vesting of Restricted Stock Units	$ (4)	$ 0		(4)
Shares issued upon vesting of Restricted Stock Units (in shares)		323
Ending balance (in shares) at May. 30, 2020		95,476,860
Ending balance, Treasury (in shares) at May. 30, 2020	98,234		98,234
Ending balance at May. 30, 2020	$ 1,215,649	$ 955	$ (2,145)	$ 1,089,652	$ 128,103	$ (916)

Nature of Operations and Princi

Nature of Operations and Principles of Consolidation	9 Months Ended
	May 30, 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 expenses 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 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. 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. A

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	May 30, 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 May 25, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 74,204 8,607 — $ 82,811 Distribution $ 6,246 (6,246 ) — $ — General and administrative $ 18,271 (2,324 ) — $ 15,947 Depreciation and amortization $ 1,929 (37 ) — $ 1,892 Thirty-Nine Weeks Ended May 25, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 202,190 23,777 — $ 225,967 Distribution $ 17,327 (17,327 ) — $ — General and administrative $ 47,994 (6,339 ) 22 $ 41,677 Depreciation and amortization $ 5,754 (111 ) — $ 5,643 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 fiscal years 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, the Company adopted ASU No. 2016-02 using the alternative transition method under ASU No. 2018-11, which permits application of the new lease guidance at the beginning of the period of adoption , with comparative periods continuing to be reporting under Topic 840. Upon adoption, 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 on November 7, 2019: 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 provided a number of optional practical expedients in adoption. The Company elected to adopt the package of practical expedients permitted under the transition guidance within the standard, which among other things, permits it to not reassess prior conclusions about lease identification, lease classification and initial direct costs under the new standard. The Company did not elect the use-of-hindsight practical expedient or the practical expedient pertaining to land easements, the latter not being applicable. Additionally, the Company elected to include both lease and non-lease components as a single component for all asset classes in which the Company is the lessee. For additional information regarding leases, refer to 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 simplifies aspects of share-based compensation issued to non-employees by aligning the guidance with 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)	9 Months Ended
	May 30, 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 the Company's 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. 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. In the thirteen weeks ended May 30, 2020 , the Company received a post-closing release from escrow of approximately $2.1 million related to net working capital adjustments, resulting in a total net consideration paid of $986.8 million as of May 30, 2020 . Business transaction costs within the Consolidated Statements of Operations and Comprehensive Income for the thirty-nine weeks ended May 30, 2020 was $26.9 million , which included $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 allocation 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 44,032 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 890,598 Goodwill (4) 96,231 Total assets acquired and liabilities assumed $ 986,829 (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 $76.9 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, not to exceed one year from the acquisition date. Since the initial preliminary estimates reported in the first quarter of 2020, the Company has updated certain amounts reflected in the preliminary purchase price allocation, as summarized in the fair values of assets acquired and liabilities assumed as set forth above. Specifically, accounts receivable, net decreased $3.1 million and inventories increased $0.9 million due to fair value measurement period adjustments. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed at the acquisition date. 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 Thirty-Nine Weeks Ended May 30, 2020 May 30, 2020 Net sales $ 87,234 $ 192,621 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 May 25, 2019 , the Company used Quest’s unaudited consolidated statement of operations for the three months ended March 31, 2019. For the purposes of preparing the unaudited pro forma combined financial information for the thirty-nine weeks ended May 25, 2019 , the Company added Quest’s unaudited consolidated statement of operations for the three months ended March 31, 2019 to Quest's unaudited consolidated statement of operations for the six months ended December 31, 2018, which 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 thirty-nine weeks ended May 30, 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 Thirty-Nine Weeks Ended May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Revenue $ 215,101 $ 212,885 $ 662,758 $ 605,632 Gross profit $ 88,626 $ 81,451 $ 267,293 $ 218,399 Net income (loss) $ 15,337 $ 10,925 $ 46,034 $ 3,679

Revenue Recognition

Revenue Recognition	9 Months Ended
	May 30, 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 Thirty-Nine Weeks Ended (In thousands) May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Net sales North America $ 121,937 $ 133,873 $ 381,184 $ 366,425 International 5,930 5,595 20,550 17,774 Total Atkins 127,867 139,468 401,734 384,199 Quest (1) 87,234 — 192,621 — Total $ 215,101 $ 139,468 $ 594,355 $ 384,199 (1) Quest net sales are primarily in North America.

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	May 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	oodwill during the thirty-nine weeks ended May 30, 2020 were as follows: Total Balance as of August 31, 2019 $ 471,427 Acquisition of business 96,231 Balance as of May 30, 2020 $ 567,658 The change in the Company's Goodwill from August 31, 2019 to May 30, 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 or intangible assets during this period or since the inception of the Company. Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: May 30, 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 15,603 158,397 Proprietary recipes and formulas 7 years 7,000 2,881 4,119 Licensing agreements 14 years 22,000 4,527 17,473 Software and website development costs 3 - 5 years 5,612 2,291 3,321 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 25,302 $ 1,145,516 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 May 30, 2020 and May 25, 2019 were $3.9 million and $1.6 million , respectively. Amortization expense related to intangible assets during the thirty-nine weeks ended May 30, 2020 and May 25, 2019 were $10.1 million and $4.9 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 $ 3,888 2021 15,327 2022 15,094 2023 14,829 2024 14,281 2025 and thereafter 119,891 Total $ 183,310

Long-Term Debt and Line of Cred

Long-Term Debt and Line of Credit	9 Months Ended
	May 30, 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. During the thirteen weeks ended May 30, 2020, the Company borrowed $25.0 million under the Revolving Credit Facility. This was a precautionary measure to preserve financial flexibility and to maintain liquidity in response to the spread of COVID-19 and uncertainty around consumer behavior. The Company used the proceeds of the Revolving Credit Facility to meet initial elevated customer orders in response to COVID-19, build finished goods inventory of some of its high velocity items, support working capital and support general corporate purposes. Subsequent to the end of the third quarter 2020, the Company repaid the $25.0 million borrowing under the Revolving Credit Facility. The Company may repay borrowings under the Revolving Credit Facility at any time without penalty. 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 May 30, 2020 and August 31, 2019 . Long-term debt consists of the following: (In thousands) May 30, 2020 August 31, 2019 Term Facility (effective rate of 4.8% at May 30, 2020) $ 635,500 $ 196,500 Revolving Credit Facility (effective rate of 4.2% at May 30, 2020) 25,000 — Finance lease liabilities (effective rate of 5.6% at May 30, 2020) 987 — Less: Deferred financing fees 11,467 5,565 Total debt 650,020 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at May 30, 2020 and $1.3 million at August 31, 2019 25,000 676 Less: Current finance lease liabilities 268 — Long-term debt, net of deferred financing fees $ 624,752 $ 190,259 The Company is no t required to make principal payments on the Term Facility over the twelve months following the period ended May 30, 2020 . As of May 30, 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 May 30, 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 May 30, 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. The amount outstanding on the Revolving Credit Facility approximates fair value due to its short maturity and was repaid subsequent to period end.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	May 30, 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 thirty-nine weeks ended May 25, 2019 . The Company settled the Income Tax Receivable Agreement (the “TRA”) during the thirty-nine weeks ended May 25, 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 May 30, 2020 and August 31, 2019 due to the relatively short maturity of these instruments.

Income Taxes

Income Taxes	9 Months Ended
	May 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Effective Tax Rate The following table shows the tax expense and the effective tax rate for the thirty-nine weeks ended May 30, 2020 and May 25, 2019 resulting from operations: Thirty-Nine Weeks Ended (In thousands) May 30, 2020 May 25, 2019 Income before income taxes $ 30,511 $ 54,681 Provision for income taxes $ 8,238 $ 13,236 Effective tax rate 27.0 % 24.2 % The effective tax rate for the thirty-nine week period ended May 30, 2020 is higher than the effective tax rate for the thirty-nine week period ended May 25, 2019 by 2.8% , which is primarily driven by non-deductible transaction costs, the one-time tax impact of the settlement of the TRA liability during the thirty-nine week period ended May 25, 2019 , and other permanent differences.

Leases (Notes)

Leases (Notes)	9 Months Ended
	May 30, 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 Thirty-Nine Weeks Ended (in thousands) Statement of Operations Caption May 30, 2020 May 30, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 1,479 $ 3,726 Variable lease cost (1) Cost of goods sold and General and administrative 448 1,184 Operating lease cost 1,927 4,910 Short term lease cost General and administrative 6 30 Finance lease cost: Amortization of right-of use assets Cost of goods sold 69 205 Interest on lease liabilities Interest expense 14 46 Total finance lease cost 83 251 Total lease cost $ 2,016 $ 5,191 (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 May 30, 2020 Assets Operating lease right of use assets Other long-term assets $ 26,998 Finance lease right of use assets Property and equipment, net 980 Total lease assets $ 27,978 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 3,566 Finance lease liabilities Current maturities of long-term debt 268 Long-term: Operating lease liabilities Other long-term liabilities 24,216 Finance lease liabilities Long-term debt, less current maturities 719 Total lease liabilities $ 28,769 Future maturities of lease liabilities were as follows: Operating Leases Finance Leases Fiscal year ending: Remainder of 2020 $ 844 $ 78 2021 5,664 313 2022 5,118 313 2023 4,196 278 2024 4,102 145 Thereafter 14,686 — Total lease payments 34,610 1,127 Less: Interest (6,828 ) (140 ) Present value of lease liabilities $ 27,782 $ 987 The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at May 30, 2020 is as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 7.03 3.66 Weighted-average discount rate 5.7 % 5.6 % Supplemental and other information related to leases was as follows: Thirty-Nine Weeks Ended May 30, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 4,655 Operating cash flows from finance leases 8 Financing cash flows from finance leases 247 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 May 25, 2019 rent expenses for operating leases were $0.5 million . For the thirty-nine weeks ended May 25, 2019 rent expenses for operating leases were $1.6 million

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	May 30, 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 thirty-nine weeks ended May 30, 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 and the reserve was fully paid into escrow during the thirty-nine weeks ended May 30, 2020 . The action was settled subsequent to period end. 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 May 30, 2020 , the Company will be required to make payments of $2.9 million over the next twelve months.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	May 30, 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 thirty-nine weeks ended May 30, 2020 , the Company did no t repurchase any shares of common stock. As of May 30, 2020 , approximately $47.9 million

Earnings Per Share

Earnings Per Share	9 Months Ended
	May 30, 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 Thirty-Nine Weeks Ended (In thousands, except per share data) May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Basic earnings per share computation: Numerator: Net income $ 16,409 $ 13,466 $ 22,273 $ 41,445 Denominator: Weighted average common shares - basic 95,378,495 81,898,276 93,475,539 80,362,978 Basic earnings per share from net income $ 0.17 $ 0.16 $ 0.24 $ 0.52 Diluted earnings per share computation: Numerator: Net income $ 16,409 $ 13,466 $ 22,273 $ 41,445 Denominator: Weighted average common shares outstanding - basic 95,378,495 81,898,276 93,475,539 80,362,978 Public and Private Warrants 2,285,110 3,110,645 3,392,317 3,582,795 Employee stock options 630,408 844,937 1,028,218 689,849 Non-vested shares 28,303 108,293 37,476 60,081 Weighted average common shares - diluted 98,322,316 85,962,151 97,933,550 84,695,703 Diluted earnings per share from net income $ 0.17 $ 0.16 $ 0.23 $ 0.49 Earnings per share calculations for the thirteen weeks ended May 30, 2020 and May 25, 2019 excluded 0.8 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 thirteen weeks ended May 30, 2020 excluded 0.1 million non-vested shares that would have been anti-dilutive. An immaterial number of non-vested shares were excluded from earnings per share calculation for the thirteen weeks ended May 25, 2019 . Earnings per share calculations for the thirty-nine weeks ended May 30, 2020 and May 25, 2019 excluded 0.6 million and 0.3 million shares of stock options issuable upon exercise, respectively, that would have been anti-dilutive. An immaterial number of non-vested shares were excluded from earnings per share calculations for the thirty-nine weeks ended May 30, 2020 and May 25, 2019 .

Stock Option Plan

Stock Option Plan	9 Months Ended
	May 30, 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 $2.2 million and $1.4 million of stock-based compensation expense in the thirteen weeks ended May 30, 2020 and May 25, 2019 , respectively. The Company recorded $5.9 million and $3.9 million of stock-based compensation expense in the thirty-nine weeks ended May 30, 2020 and May 25, 2019 , respectively. Stock Options The following table summarizes stock option activity for the thirty-nine weeks ended May 30, 2020 : Shares Underlying Options 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 May 30, 2020 2,866,383 $ 14.12 7.52 Vested and expected to vest as of May 30, 2020 2,866,383 $ 14.12 7.52 Exercisable as of May 30, 2020 1,551,838 $ 12.70 7.27 As of May 30, 2020 , the Company had $3.2 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 0.82 years . During the thirty-nine week period ended May 30, 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 thirty-nine weeks ended May 30, 2020 : Restricted Stock Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 158,512 24.01 Vested (51,518 ) 18.17 Forfeited (4,923 ) 16.36 Non-vested as of May 30, 2020 194,471 $ 22.66 As of May 30, 2020 , the Company had $3.0 million of total unrecognized compensation cost related to restricted stock units that will be recognized over a weighted average period of 1.87 years. Performance Stock Units During the thirty-nine weeks ended May 30, 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 thirty-nine weeks ended May 30, 2020 : Performance Stock Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (3,142 ) 16.67 Non-vested as of May 30, 2020 310,535 $ 17.92 As of May 30, 2020 , the Company had $3.8 million of total unrecognized compensation cost related to performance stock units that will be recognized over a weighted average period of 1.83 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 its common stock once the applicable vesting criteria has been met. SARs cliff vest 3 years from the date of grant and must be exercised within 10 years . The following table summarizes SARs activity for the thirty-nine weeks ended May 30, 2020 : Shares Underlying SARs 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 May 30, 2020 150,000 $ 24.20 9.42 Vested and expected to vest as of May 30, 2020 150,000 $ 24.20 9.42 Exercisable as of May 30, 2020 — $ — 0.00 As of May 30, 2020 , the Company had $0.3 million of total unrecognized compensation cost related to its SARs that will be recognized over a weighted average period of 2.42

Segment and Customer Informatio

Segment and Customer Information	9 Months Ended
	May 30, 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.

Restructuring and related charg

Restructuring and related charges (Notes)	9 Months Ended
	May 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	In May 2020, the Company announced certain restructuring activities in conjunction with the implementation of the Company’s future-state organization design, which creates a fully integrated organization with its completed Acquisition of Quest. The new organization design becomes effective on August 31, 2020. These restructuring plans primarily include workforce reductions and changes in management structure. The one-time termination benefits and employee severance costs to be incurred in relation to these restructuring activities are accounted for in accordance with ASC Topic 420, Exit or Disposal Cost Obligations, and ASC Topic 712, Compensation-Nonretirement Postemployment Benefits, respectively. The Company recognizes a liability and the related expense for these restructuring costs when the liability is incurred and can be measured. Restructuring accruals are based upon management estimates at the time and can change depending upon changes in facts and circumstances subsequent to the date the original liability was recorded. For the thirteen and thirty-nine weeks ended May 30, 2020 , the Company incurred $1.4 million of costs for these restructuring activities which have been included within General and administrative on the Consolidated Statements of Operations and Comprehensive Income. Overall, the Company expects to incur a total of approximately $6.3 million (including the $1.4 million referenced above) in one-time termination benefits and employee severance costs, which are to be paid throughout fiscal 2021 and the first quarter of fiscal 2022. Changes to the restructuring liability during the thirty-nine weeks ended May 30, 2020 were as follows: (in thousands) Restructuring Liability Balance as of August 31, 2019 $ — Charges 1,386 Cash payments — Non-cash settlements or adjustments — Balance as of May 30, 2020 $ 1,386

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	May 30, 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 fiscal years 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, the Company adopted ASU No. 2016-02 using the alternative transition method under ASU No. 2018-11, which permits application of the new lease guidance at the beginning of the period of adoption , with comparative periods continuing to be reporting under Topic 840. Upon adoption, 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 on November 7, 2019: 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 provided a number of optional practical expedients in adoption. The Company elected to adopt the package of practical expedients permitted under the transition guidance within the standard, which among other things, permits it to not reassess prior conclusions about lease identification, lease classification and initial direct costs under the new standard. The Company did not elect the use-of-hindsight practical expedient or the practical expedient pertaining to land easements, the latter not being applicable. Additionally, the Company elected to include both lease and non-lease components as a single component for all asset classes in which the Company is the lessee. For additional information regarding leases, refer to 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 simplifies aspects of share-based compensation issued to non-employees by aligning the guidance with 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 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. 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. A

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Change in Accounting Principle (Tables)	9 Months Ended
	May 25, 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 May 25, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 74,204 8,607 — $ 82,811 Distribution $ 6,246 (6,246 ) — $ — General and administrative $ 18,271 (2,324 ) — $ 15,947 Depreciation and amortization $ 1,929 (37 ) — $ 1,892 Thirty-Nine Weeks Ended May 25, 2019 As Reported Change in Accounting Principle and Presentation Other Operating Expense As Adjusted Cost of goods sold $ 202,190 23,777 — $ 225,967 Distribution $ 17,327 (17,327 ) — $ — General and administrative $ 47,994 (6,339 ) 22 $ 41,677 Depreciation and amortization $ 5,754 (111 ) — $ 5,643

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	May 30, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table sets forth the preliminary purchase price allocation 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 44,032 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 890,598 Goodwill (4) 96,231 Total assets acquired and liabilities assumed $ 986,829
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 Thirty-Nine Weeks Ended May 30, 2020 May 30, 2020 Net sales $ 87,234 $ 192,621
Business Acquisition, Pro Forma Information [Table Text Block]	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 Thirty-Nine Weeks Ended May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Revenue $ 215,101 $ 212,885 $ 662,758 $ 605,632 Gross profit $ 88,626 $ 81,451 $ 267,293 $ 218,399 Net income (loss) $ 15,337 $ 10,925 $ 46,034 $ 3,679

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	May 30, 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 Thirty-Nine Weeks Ended (In thousands) May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Net sales North America $ 121,937 $ 133,873 $ 381,184 $ 366,425 International 5,930 5,595 20,550 17,774 Total Atkins 127,867 139,468 401,734 384,199 Quest (1) 87,234 — 192,621 — Total $ 215,101 $ 139,468 $ 594,355 $ 384,199 (1) Quest net sales are primarily in North America.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	May 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Changes to goodwill during the thirty-nine weeks ended May 30, 2020 were as follows: Total Balance as of August 31, 2019 $ 471,427 Acquisition of business 96,231 Balance as of May 30, 2020 $ 567,658
Schedule of Finite-Lived Intangible Assets	Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following: May 30, 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 15,603 158,397 Proprietary recipes and formulas 7 years 7,000 2,881 4,119 Licensing agreements 14 years 22,000 4,527 17,473 Software and website development costs 3 - 5 years 5,612 2,291 3,321 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 25,302 $ 1,145,516 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: May 30, 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 15,603 158,397 Proprietary recipes and formulas 7 years 7,000 2,881 4,119 Licensing agreements 14 years 22,000 4,527 17,473 Software and website development costs 3 - 5 years 5,612 2,291 3,321 Intangible assets in progress 3 - 5 years 206 — 206 $ 1,170,818 $ 25,302 $ 1,145,516 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 $ 3,888 2021 15,327 2022 15,094 2023 14,829 2024 14,281 2025 and thereafter 119,891 Total $ 183,310

Long-Term Debt and Line of Cr_2

Long-Term Debt and Line of Credit (Tables)	9 Months Ended
	May 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt consists of the following: (In thousands) May 30, 2020 August 31, 2019 Term Facility (effective rate of 4.8% at May 30, 2020) $ 635,500 $ 196,500 Revolving Credit Facility (effective rate of 4.2% at May 30, 2020) 25,000 — Finance lease liabilities (effective rate of 5.6% at May 30, 2020) 987 — Less: Deferred financing fees 11,467 5,565 Total debt 650,020 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at May 30, 2020 and $1.3 million at August 31, 2019 25,000 676 Less: Current finance lease liabilities 268 — Long-term debt, net of deferred financing fees $ 624,752 $ 190,259

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	May 30, 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 thirty-nine weeks ended May 30, 2020 and May 25, 2019 resulting from operations: Thirty-Nine Weeks Ended (In thousands) May 30, 2020 May 25, 2019 Income before income taxes $ 30,511 $ 54,681 Provision for income taxes $ 8,238 $ 13,236 Effective tax rate 27.0 % 24.2 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	May 30, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended (in thousands) Statement of Operations Caption May 30, 2020 May 30, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 1,479 $ 3,726 Variable lease cost (1) Cost of goods sold and General and administrative 448 1,184 Operating lease cost 1,927 4,910 Short term lease cost General and administrative 6 30 Finance lease cost: Amortization of right-of use assets Cost of goods sold 69 205 Interest on lease liabilities Interest expense 14 46 Total finance lease cost 83 251 Total lease cost $ 2,016 $ 5,191 (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 May 30, 2020 Assets Operating lease right of use assets Other long-term assets $ 26,998 Finance lease right of use assets Property and equipment, net 980 Total lease assets $ 27,978 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 3,566 Finance lease liabilities Current maturities of long-term debt 268 Long-term: Operating lease liabilities Other long-term liabilities 24,216 Finance lease liabilities Long-term debt, less current maturities 719 Total lease liabilities $ 28,769
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 $ 844 $ 78 2021 5,664 313 2022 5,118 313 2023 4,196 278 2024 4,102 145 Thereafter 14,686 — Total lease payments 34,610 1,127 Less: Interest (6,828 ) (140 ) Present value of lease liabilities $ 27,782 $ 987
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 $ 844 $ 78 2021 5,664 313 2022 5,118 313 2023 4,196 278 2024 4,102 145 Thereafter 14,686 — Total lease payments 34,610 1,127 Less: Interest (6,828 ) (140 ) Present value of lease liabilities $ 27,782 $ 987
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 May 30, 2020 is as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 7.03 3.66 Weighted-average discount rate 5.7 % 5.6 %
Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]	Supplemental and other information related to leases was as follows: Thirty-Nine Weeks Ended May 30, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 4,655 Operating cash flows from finance leases 8 Financing cash flows from finance leases 247
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)	9 Months Ended
	May 30, 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 Thirty-Nine Weeks Ended (In thousands, except per share data) May 30, 2020 May 25, 2019 May 30, 2020 May 25, 2019 Basic earnings per share computation: Numerator: Net income $ 16,409 $ 13,466 $ 22,273 $ 41,445 Denominator: Weighted average common shares - basic 95,378,495 81,898,276 93,475,539 80,362,978 Basic earnings per share from net income $ 0.17 $ 0.16 $ 0.24 $ 0.52 Diluted earnings per share computation: Numerator: Net income $ 16,409 $ 13,466 $ 22,273 $ 41,445 Denominator: Weighted average common shares outstanding - basic 95,378,495 81,898,276 93,475,539 80,362,978 Public and Private Warrants 2,285,110 3,110,645 3,392,317 3,582,795 Employee stock options 630,408 844,937 1,028,218 689,849 Non-vested shares 28,303 108,293 37,476 60,081 Weighted average common shares - diluted 98,322,316 85,962,151 97,933,550 84,695,703 Diluted earnings per share from net income $ 0.17 $ 0.16 $ 0.23 $ 0.49

Stock Option Plan (Tables)

Stock Option Plan (Tables)	9 Months Ended
	May 30, 2020
Share-based Payment Arrangement [Abstract]
Stock option activity	The following table summarizes stock option activity for the thirty-nine weeks ended May 30, 2020 : Shares Underlying Options 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 May 30, 2020 2,866,383 $ 14.12 7.52 Vested and expected to vest as of May 30, 2020 2,866,383 $ 14.12 7.52 Exercisable as of May 30, 2020 1,551,838 $ 12.70 7.27
Restricted stock activity	The following table summarizes restricted stock unit activity for the thirty-nine weeks ended May 30, 2020 : Restricted Stock Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 158,512 24.01 Vested (51,518 ) 18.17 Forfeited (4,923 ) 16.36 Non-vested as of May 30, 2020 194,471 $ 22.66
Performance stock unit activity	The following table summarizes performance stock unit activity for the thirty-nine weeks ended May 30, 2020 : Performance Stock Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (3,142 ) 16.67 Non-vested as of May 30, 2020 310,535 $ 17.92
Stock appreciation right activity	The following table summarizes SARs activity for the thirty-nine weeks ended May 30, 2020 : Shares Underlying SARs 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 May 30, 2020 150,000 $ 24.20 9.42 Vested and expected to vest as of May 30, 2020 150,000 $ 24.20 9.42 Exercisable as of May 30, 2020 — $ — 0.00

Restructuring and related cha_2

Restructuring and related charges (Tables)	9 Months Ended
	May 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Changes to the restructuring liability during the thirty-nine weeks ended May 30, 2020 were as follows: (in thousands) Restructuring Liability Balance as of August 31, 2019 $ — Charges 1,386 Cash payments — Non-cash settlements or adjustments — Balance as of May 30, 2020 $ 1,386

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Change in Accounting Principle (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019	Nov. 07, 2019	Sep. 01, 2019	Aug. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold	$ 126,475	$ 82,811	$ 358,129	$ 225,967
Distribution		0		0
General and administrative	28,713	15,947	74,961	41,677
Depreciation and amortization	4,248	1,892	10,988	5,643
New accounting pronouncements
Operating lease, right-of-use asset	26,998		26,998
Operating lease, liability, current	3,566		3,566
Operating lease, liability, noncurrent	24,216		24,216
Finance lease, right-of-use asset	980		980
Finance lease, liability, current	268		268				$ 0
Finance lease, liability, noncurrent	$ 719		$ 719
Change in Accounting Principle and Presentation
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		8,607		23,777
Distribution		(6,246)		(17,327)
General and administrative		(2,324)		(6,339)
Depreciation and amortization		(37)		(111)
Other Operating Income (Expense) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Revenue				0
Cost of goods sold		0
Distribution		0		0
General and administrative		0		22
Depreciation and amortization		0		0
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		74,204		202,190
Distribution		6,246		17,327
General and administrative		18,271		47,994
Depreciation and amortization		$ 1,929		$ 5,754
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	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Business Acquisition [Line Items]
Payments to acquire business, equity issuance		$ 350,000
Business transaction costs			$ 47	$ 758	$ 26,900	$ 2,087
Acquisition of Quest
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 988,900
Total purchase price	986,829		986,800		986,800
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 Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred			$ 2,100
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	76,900
Software and website development costs | Acquisition of Quest
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		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019	Nov. 07, 2019	Aug. 31, 2019
Business Combination, Consideration Transferred [Abstract]
Goodwill	$ 567,658		$ 567,658			$ 471,427
Business Combination, Description [Abstract]
Net sales	215,101	$ 139,468	594,355	$ 384,199
Acquisition of Quest
Business Combination, Consideration Transferred [Abstract]
Cash and equivalents					$ 4,745
Accounts receivable, net					26,537
Inventories					44,032
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					890,598
Goodwill					96,231
Total assets acquired and liabilities assumed	986,800		986,800		$ 986,829
Quest | Acquisition of Quest
Business Combination, Description [Abstract]
Net sales	$ 87,234	$ 0	192,621	$ 0
Accounts Receivable
Business Acquisition [Line Items]
Fair value measurement period adjustment			3,100
Inventories
Business Acquisition [Line Items]
Fair value measurement period adjustment			$ 900

Business Combination (Details 3

Business Combination (Details 3) - Acquisition of Quest - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Business Acquisition [Line Items]
Pro forma revenue	$ 215,101	$ 212,885	$ 662,758	$ 605,632
Pro forma gross profit	88,626	81,451	267,293	218,399
Pro forma net income (loss)	$ 15,337	$ 10,925	$ 46,034	$ 3,679

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Disaggregation of revenue
Net sales	$ 215,101	$ 139,468	$ 594,355	$ 384,199
North America
Disaggregation of revenue
Net sales	121,937	133,873	381,184	366,425
International
Disaggregation of revenue
Net sales	5,930	5,595	20,550	17,774
Atkins
Disaggregation of revenue
Net sales	127,867	139,468	401,734	384,199
Acquisition of Quest | Quest
Disaggregation of revenue
Net sales	$ 87,234	$ 0	$ 192,621	$ 0

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0		$ 0
Intangible asset amortization expense	$ 3,900	$ 1,600	$ 10,100	$ 4,900

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	May 30, 2020	Aug. 31, 2019
Intangible assets with finite lives:
Intangible assets, Gross carrying amount	$ 1,170,818	$ 320,000
Accumulated amortization	25,302	13,861
Intangible assets, Net carrying amount	1,145,516	306,139
Finite-lived intangible assets, Net carrying amount	$ 183,310
Customer relationships
Intangible assets with finite lives:
Useful life	15 years
Finite-lived intangible assets, Gross carrying amount	$ 174,000	59,000
Accumulated amortization	15,603	8,382
Finite-lived intangible assets, Net carrying amount	158,397	50,618
Software and website development costs
Intangible assets with finite lives:
Finite-lived intangible assets, Gross carrying amount	5,612
Accumulated amortization	2,291
Finite-lived intangible assets, Net carrying amount	$ 3,321
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	2,881	2,131
Finite-lived intangible assets, Net carrying amount	$ 4,119	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	4,527	3,348
Finite-lived intangible assets, Net carrying amount	17,473	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) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 3,900	$ 1,600	$ 10,100	$ 4,900
Remainder of 2020	3,888		3,888
2020	15,327		15,327
2021	15,094		15,094
2022	14,829		14,829
2023	14,281		14,281
2025 and thereafter	119,891		119,891
Finite-lived intangible assets, Net carrying amount	$ 183,310		$ 183,310

Goodwill and Intangibles Goodwi

Goodwill and Intangibles Goodwill Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	May 30, 2020	Aug. 31, 2019
Goodwill [Line Items]
Goodwill	$ 567,658	$ 471,427
Changes in goodwill	$ 96,231

Long-Term Debt and Line of Cr_3

Long-Term Debt and Line of Credit - Narrative (Details) - USD ($) $ in Millions	Jun. 22, 2020	Nov. 07, 2019	Mar. 16, 2018	Jul. 07, 2017	May 30, 2020
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount					$ 5
Term Loan
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage					4.80%
Proceeds from long-term line of credit		$ 460
Repayments of principal in next twelve months					$ 0
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%
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage					4.20%
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
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%
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%
Subsequent Event [Member] | Barclays Bank PLC and Other Parties | Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of Lines of Credit	$ 25

Long-Term Debt and Line of Cr_4

Long-Term Debt and Line of Credit - Schedule of Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	May 30, 2020	Aug. 31, 2019
Debt Disclosure [Abstract]
Document Period End Date	May 30, 2020
Term Facility (effective rate of 4.8% at May 30, 2020)	$ 635,500	$ 196,500
Revolving Credit Facility (effective rate of 4.2% at May 30, 2020)	25,000	0
Finance lease liabilities (effective rate of 5.6% at May 30, 2020)	987	0
Less: Deferred financing fees	11,467	5,565
Total debt	650,020	190,935
Less: Current maturities, net of deferred financing fees of $0.0 million at May 30, 2020 and $1.3 million at August 31, 2019	(25,000)	(676)
Less: Current finance lease liabilities	(268)	0
Long-term debt, net of deferred financing fees	624,752	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		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 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		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Income Tax Disclosure [Abstract]
Income before income taxes	$ 22,454	$ 18,050	$ 30,511	$ 54,681
Provision for income taxes	$ 6,045	$ 4,584	$ 8,238	$ 13,236
Effective tax rate			27.00%	24.20%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2020	May 25, 2019	May 30, 2020	May 25, 2019
Income Tax Disclosure [Abstract]
Effective tax rate difference			2.80%
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	9 Months Ended
	May 30, 2020	May 30, 2020	Aug. 31, 2019
Components of lease expense
Lease cost	$ 1,479	$ 3,726
Variable lease cost (1)	448	1,184
Operating lease cost	1,927	4,910
Short term lease cost	6	30
Amortization of right-of use assets	69	205
Interest on lease liabilities	14	46
Total finance lease cost	83	251
Total lease cost	2,016	5,191
Assets and liabilities, lessee
Operating lease, right-of-use asset	26,998	26,998
Finance lease, right-of-use asset	980	980
Total lease assets	27,978	27,978
Operating lease, liability, current	3,566	3,566
Finance lease, liability, current	268	268	$ 0
Operating lease, liability, noncurrent	24,216	24,216
Finance lease, liability, noncurrent	719	719
Total lease liabilities	28,769	28,769
Future maturities of lease liabilities, operating leases
Remainder of 2020	844	844
2021	5,664	5,664
2022	5,118	5,118
2023	4,196	4,196
2024	4,102	4,102
Thereafter	14,686	14,686
Total lease payments	34,610	34,610
Less: Interest	(6,828)	(6,828)
Present value of lease liabilities	27,782	27,782
Future maturities of lease liabilities, finance leases
Remainder of 2020	78	78
2021	313	313
2022	313	313
2023	278	278
2024	145	145
Thereafter	0	0
Total lease payments	1,127	1,127
Less: Interest	(140)	(140)
Present value of lease liabilities	$ 987	$ 987	$ 0
Finance Lease, Weighted Average Discount Rate, Percent	5.60%	5.60%
Finance Lease, Weighted Average Remaining Lease Term	3 years 7 months 28 days	3 years 7 months 28 days
Operating Lease, Weighted Average Discount Rate, Percent	5.70%	5.70%
Operating Lease, Weighted Average Remaining Lease Term	7 years 10 days	7 years 10 days
Supplemental and other information related to leases
Operating cash flows from operating leases		$ 4,655
Operating cash flows from finance leases		8
Financing cash flows from finance leases		$ 247

Leases (Details 2)

Leases (Details 2) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	May 25, 2019	May 25, 2019	Aug. 31, 2019
Leases [Abstract]
Rent expense	$ 500	$ 1,600
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
	May 25, 2019	Aug. 31, 2019	May 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Litigation Settlement, Expense	$ 0.3	$ 3.5
Other commitment payment obligation			$ 2.9

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 09, 2019	May 30, 2020	May 25, 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
Repurchase of common stock (in shares)		0
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						9 Months Ended
	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	May 30, 2020	May 25, 2019
Numerator:
Net income	$ 16,409	$ 10,657	$ (4,793)	$ 13,466	$ 12,722	$ 15,257	$ 22,273	$ 41,445
Denominator:
Weighted average common shares - basic (in shares)	95,378,495			81,898,276			93,475,539	80,362,978
Basic earnings per share from net income (in dollars per share)	$ 0.17			$ 0.16			$ 0.24	$ 0.52
Numerator:
Net income	$ 16,409	$ 10,657	$ (4,793)	$ 13,466	$ 12,722	$ 15,257	$ 22,273	$ 41,445
Denominator:
Weighted average common shares - basic (in shares)	95,378,495			81,898,276			93,475,539	80,362,978
Public and Private Warrants	2,285,110			3,110,645			3,392,317	3,582,795
Employee stock options	630,408			844,937			1,028,218	689,849
Non-vested shares	28,303			108,293			37,476	60,081
Weighted average common shares - diluted (in shares)	98,322,316			85,962,151			97,933,550	84,695,703
Diluted earnings per share from net income (in dollars per share)	$ 0.17			$ 0.16			$ 0.23	$ 0.49
Stock Options
Earnings per share, diluted
Antidilutive securities excluded from computation of earnings per share	800,000			300,000			600,000	300,000
Restricted Stock Units
Earnings per share, diluted
Antidilutive securities excluded from computation of earnings per share	100,000

Stock Option Plan (Details)

Stock Option Plan (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	May 30, 2020	May 25, 2019
Share-based Compensation Arrangement by Share-based Payment Award
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 2,150	$ 2,122	$ 1,673	$ 1,444	$ 1,417	$ 1,061
Stock compensation expense	$ 2,200			$ 1,400			$ 5,945	$ 3,922
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) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	May 30, 2020	May 25, 2019
Additional disclosures
Proceeds from option exercises	$ 931	$ 518
Stock Options
Shares
Outstanding at beginning of period (in shares)	2,748,735
Granted (in shares)	194,014
Exercised (in shares)	(76,366)
Forfeited (in shares)	0
Outstanding at end of period (in shares)	2,866,383
Options vested or expected to vest (in shares)	2,866,383
Exercisable (in shares)	1,551,838
Weighted average exercise price
Outstanding at beginning of period (in dollars per share)	$ 13.35
Granted (in dollars per share)	24.20
Exercised (in dollars per share)	12.20
Forfeited (in dollars per share)	0
Outstanding at end of period (in dollars per share)	14.12
Options vested or expected to vest (in dollars per share)	14.12
Exercisable (in dollars per share)	$ 12.70
Weighted average remaining contractual term
Outstanding at end of period, weighted average remaining contractual life	7 years 6 months 7 days
Vested and expected to vest at end of period, weighted average remaining contractual life	7 years 6 months 7 days
Exercisable at end of period, weighted average remaining contractual life	7 years 3 months 7 days
Additional disclosures
Unrecognized compensation costs	$ 3,200
Period for recognition of unrecognized compensation cost	9 months 25 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	9 Months Ended
	May 30, 2020USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	92,400
Granted (in shares) | shares	158,512
Vested (in shares) | shares	(51,518)
Forfeited (in shares) | shares	(4,923)
Non-vested at end of period (in shares) | shares	194,471
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	24.01
Vested (in dollars per share) | $ / shares	18.17
Forfeited (in dollars per share) | $ / shares	16.36
Non-vested at end of period (in dollars per share) | $ / shares	$ 22.66
Additional disclosures
Unrecognized compensation costs | $	$ 3
Period for recognition of unrecognized compensation cost	1 year 10 months 13 days

Stock Option Plan - Performance

Stock Option Plan - Performance Stock Units Activity (Details) - Performance Stock Units $ / shares in Units, $ in Millions	9 Months Ended
	May 30, 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	(3,142)
Non-vested at end of period (in shares) | shares	310,535
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	16.67
Non-vested at end of period (in dollars per share) | $ / shares	$ 17.92
Additional disclosures
Period for recognition of unrecognized compensation cost	1 year 9 months 29 days
Unrecognized compensation costs | $	$ 3.8

Stock Option Plan - Stock Appre

Stock Option Plan - Stock Appreciation Rights (Activity) (Details) $ / shares in Units, $ in Millions	9 Months Ended
	May 30, 2020USD ($)$ / sharesshares
Additional disclosures
Award vesting period	3 years
Award expiration period	10 years
Stock Appreciation Rights (SARs)
Shares
Outstanding at beginning of period (in shares) | shares	0
Granted (in shares) | shares	150,000
Exercised (in shares) | shares	0
Forfeited (in shares) | shares	0
Outstanding at end of period (in shares) | shares	150,000
Options vested or expected to vest (in shares) | shares	150,000
Exercisable (in shares) | shares	0
Weighted average exercise price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	24.20
Exercised (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	24.20
Options vested or expected to vest (in dollars per share) | $ / shares	24.20
Exercisable (in dollars per share) | $ / shares	$ 0
Weighted average remaining contractual term
Vested and expected to vest at end of period, weighted average remaining contractual life	9 years 5 months 1 day
Outstanding at end of period, weighted average remaining contractual life	9 years 5 months 1 day
Exercisable at end of period, weighted average remaining contractual life	0 years
Additional disclosures
Unrecognized compensation costs | $	$ 0.3
Period for recognition of unrecognized compensation cost	2 years 5 months 1 day

Segment and Customer Informat_2

Segment and Customer Information (Details)	9 Months Ended
	May 30, 2020
Segment Reporting [Abstract]
Number of operating segments	1

Restructuring and related cha_3

Restructuring and related charges (Details) - Employee Severance [Member] $ in Thousands	9 Months Ended
	May 30, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring, Incurred cost	$ 1,400
Restructuring, Expected cost	6,300
Changes to the restructuring liability
Balance as of August 31, 2019	0
Charges	1,386
Cash payments	0
Non-cash settlements or adjustments	0
Balance as of May 30, 2020	$ 1,386