The Simply Good Foods Company (SMPL) 10-K/A 30 Jun 21 2020 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 29, 2020	Jun. 23, 2021	Feb. 28, 2020	Aug. 31, 2019	Aug. 25, 2018
Document Information [Line Items]
Entity Central Index Key	0001702744
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Aug. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--08-29
Document Transition Report	false
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,800
Share Price	$ 25.39		$ 22.06	$ 29.63	$ 17.98
Entity Common Stock, Shares Outstanding		95,683,897
Amendment Flag	true
Entity Registrant Name	The Simply Good Foods Company

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 29, 2020	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 95,847	$ 266,341
Accounts receivable, net	89,740	44,240
Inventories	59,085	38,085
Prepaid expenses	3,644	2,882
Other current assets	11,947	6,059
Total current assets	260,263	357,607
Long-term assets:
Property and equipment, net	11,850	2,456
Intangible assets, net	1,158,768	306,139
Goodwill	544,774	471,427
Other long-term assets	32,790	4,021
Total assets	2,008,445	1,141,650
Current liabilities:
Accounts payable	32,240	15,730
Accrued interest	960	1,693
Accrued expenses and other current liabilities	38,007	29,933
Current maturities of long-term debt	271	676
Total current liabilities	71,478	48,032
Long-term liabilities:
Long-term debt, less current maturities	596,879	190,259
Deferred income taxes	84,352	65,383
Warrant liability	93,638	124,576
Other long-term liabilities	22,765	532
Total liabilities	869,112	428,782
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, 95,751,845 and 81,973,284 issued at August 29, 2020 and August 31, 2019, respectively	958	820
Treasury stock, 98,234 and 98,234 shares at cost at August 29, 2020 and August 31, 2019, respectively	(2,145)	(2,145)
Additional paid-in-capital	1,076,472	715,740
Retained earnings (accumulated deficit)	64,927	(711)
Accumulated other comprehensive loss	(879)	(836)
Total stockholders’ equity	1,139,333	712,868
Total liabilities and stockholders’ equity	$ 2,008,445	$ 1,141,650

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Aug. 29, 2020	Aug. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	100,000,000	100,000,000
Preferred stock shares issued (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	600,000,000	600,000,000
Common stock shares issued (in shares)	95,751,845	81,973,284
Common stock shares outstanding (in shares)	95,653,611	81,875,050
Treasury stock (in shares)	98,234	98,234

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Income Statement [Abstract]
Net sales	$ 816,641	$ 523,758	$ 437,854
Cost of goods sold	492,313	306,075	254,966
Gross profit	324,328	217,683	182,888
Operating expenses:
Selling and marketing	94,469	67,694	59,186
General and administrative	106,251	62,180	49,427
Depreciation and amortization	15,259	7,496	7,498
Business transaction costs	27,125	7,107	2,259
Loss on impairment	3,000	0	0
Loss (gain) in fair value change of contingent consideration - TRA liability	0	533	(2,848)
Total operating expenses	246,104	145,010	115,522
Income from operations	78,224	72,673	67,366
Other income (expense):
Interest income	1,516	3,826	0
Interest expense	(32,813)	(13,627)	(12,551)
Gain (loss) in fair value change of warrant liability	30,938	(72,673)	(34,391)
Gain on settlement of TRA liability	0	1,534	0
Gain (loss) on foreign currency transactions	658	(452)	97
Other income	441	196	815
Total other income (expense)	740	(81,196)	(46,030)
Income (loss) before income taxes	78,964	(8,523)	21,336
Income tax expense (benefit)	13,326	16,711	(16,050)
Net income (loss)	65,638	(25,234)	37,386
Other comprehensive income (loss):
Foreign currency translation adjustments	(43)	(38)	(817)
Comprehensive income (loss)	$ 65,595	$ (25,272)	$ 36,569
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.70	$ (0.31)	$ 0.53
Diluted (in dollars per share)	$ 0.35	$ (0.31)	$ 0.51
Weighted average shares outstanding:
Basic (in shares)	93,968,953	80,734,091	70,582,149
Diluted (in shares)	98,343,722	80,734,091	72,786,843

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Aug. 29, 2020USD ($)	Aug. 31, 2019USD ($)	Aug. 25, 2018USD ($)
Operating activities
Net income (loss)	$ 65,638	$ (25,234)	$ 37,386
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	16,007	7,644	7,672
Amortization of deferred financing costs and debt discount	3,508	1,352	1,312
Stock compensation expense	7,636	5,501	4,029
Loss on impairment	3,000	0	0
(Gain) loss in fair value change of warrant liability	(30,938)	72,673	34,391
Loss (gain) in fair value change of contingent consideration - TRA liability	0	533	(2,848)
Gain on settlement of TRA liability	0	(1,534)	0
Unrealized loss (gain) on foreign currency transactions	(658)	452	(97)
Deferred income taxes	8,216	10,869	(20,344)
Loss on disposal of property and equipment	0	6	128
Amortization of operating lease right-of-use asset	3,848	0	0
Other	(389)	0	0
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net	(18,288)	(8,360)	(6,158)
Inventories	23,880	(8,178)	2,425
Prepaid expenses	680	(824)	847
Other current assets	(5,022)	(2,155)	3,094
Accounts payable	(8,736)	4,734	(3,603)
Accrued interest	(733)	1,111	21
Accrued expenses and other current liabilities	(5,572)	14,378	2,795
Other	(3,156)	74	(12)
Net cash provided by operating activities	58,921	73,042	61,038
Investing activities
Purchases of property and equipment	(1,736)	(1,037)	(1,770)
Proceeds from sale of property and equipment	0	0	14
Issuance of note receivable	(500)	(750)	0
Proceeds from note receivable	1,250	0	0
Acquisition of business, net of cash acquired	(982,075)	0	(1,757)
Payments to Acquire Intangible Assets	(933)	0	0
Net cash used in investing activities	(983,994)	(1,787)	(3,513)
Financing activities
Proceeds from option exercises	4,206	706	120
Cash received from warrant exercises	0	113,464	232
Tax payments related to issuance of restricted stock units	(191)	(181)	(120)
Proceeds from Issuance of Common Stock	352,542	0	0
Equity issuance costs	(3,323)	0	0
Repurchase of common stock	0	(2,145)	0
Payments on finance lease obligations	(374)	0	0
Principal payments of long-term debt	(50,000)	(2,000)	(1,500)
Repayments of revolving credit facility	(25,000)	0	0
Proceeds from issuance of long term debt	460,000	0	0
Proceeds from revolving credit facility	25,000	0	0
Deferred financing costs	(8,208)	0	(319)
Settlement of TRA liability	0	(26,468)	0
Net cash provided by (used in) financing activities	754,652	83,376	(1,587)
Cash and cash equivalents
Net (decrease) increase in cash	(170,421)	154,631	55,938
Effect of exchange rate on cash	(73)	(261)	(468)
Cash at beginning of period	266,341	111,971	56,501
Cash and cash equivalents	95,847	266,341	111,971
Supplemental disclosures of cash flow information
Cash paid for interest	30,038	11,164	11,218
Cash paid for taxes	4,530	7,451	4,577
Operating lease right-of-use assets recognized at ASU 2016-02 transition	5,102	0	0
Finance lease right-of-use assets recognized at ASU 2016-02 transition	1,185	0	0
Operating lease right-of-use assets recognized after ASU 2016-02 transition	$ 3,554	$ 0	$ 0

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Change in accounting principle and presentation	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income
Condensed Statement of Stockholders' Equity
Common stock, $0.01 par value, 600,000,000 shares authorized, 95,751,845 and 81,973,284 issued at August 29, 2020 and August 31, 2019, respectively	$ 706
Treasury stock, 98,234 and 98,234 shares at cost at August 29, 2020 and August 31, 2019, respectively	0
Additional paid-in-capital	592,103	$ (18,035)
Retained earnings (accumulated deficit)	(12,863)	(702)
Accumulated other comprehensive loss	$ 19
Balance (in shares) at Aug. 26, 2017	70,562,477
Balance, Treasury (in shares) at Aug. 26, 2017	0
Balance at Aug. 26, 2017	$ 579,965	(18,737)
Condensed Statement of Stockholders' Equity
Net income (loss)	37,386	(34,391)				$ 37,386
Stock-based compensation	4,029				$ 4,029
Foreign currency translation adjustments	(817)						$ (817)
Shares issued upon vesting of restricted stock units (in shares)			12,986
Shares issued upon vesting of restricted stock units	(120)				(120)
Exercise of options to purchase common stock (in shares)			10,000
Exercise of options to purchase common stock	120				120
Warrant conversion (shares)			20,212
Warrant conversion	232				232
Common stock, $0.01 par value, 600,000,000 shares authorized, 95,751,845 and 81,973,284 issued at August 29, 2020 and August 31, 2019, respectively	706
Treasury stock, 98,234 and 98,234 shares at cost at August 29, 2020 and August 31, 2019, respectively	0
Additional paid-in-capital	596,364	(18,035)
Retained earnings (accumulated deficit)	24,523	(33,771)
Accumulated other comprehensive loss	$ (798)
Balance (in shares) at Aug. 25, 2018	70,605,675
Balance, Treasury (in shares) at Aug. 25, 2018	0
Balance at Aug. 25, 2018	$ 620,795	(51,806)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 4,026
Balance (in shares) at Aug. 25, 2018	70,605,675
Balance, Treasury (in shares) at Aug. 25, 2018	0
Balance at Aug. 25, 2018	$ 620,795	(51,806)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 11,138
Balance (in shares) at Aug. 25, 2018	70,605,675
Balance, Treasury (in shares) at Aug. 25, 2018	0
Balance at Aug. 25, 2018	$ 620,795	(51,806)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 16,997
Balance (in shares) at Aug. 25, 2018	70,605,675
Balance, Treasury (in shares) at Aug. 25, 2018	0
Balance at Aug. 25, 2018	$ 620,795	(51,806)
Condensed Statement of Stockholders' Equity
Net income (loss)	(25,234)	(72,673)				(25,234)
Stock-based compensation	5,501				5,501
Foreign currency translation adjustments	(38)						(38)
Shares issued upon vesting of restricted stock units (in shares)			80,293
Shares issued upon vesting of restricted stock units	(181)		$ 1		(182)
Exercise of options to purchase common stock (in shares)			87,017
Exercise of options to purchase common stock	706		$ 1		705
Warrant conversion (shares)			11,200,299
Warrant conversion	$ 113,464		$ 112		113,352
Repurchase of common stock (in shares)	98,234			98,234
Repurchase of common stock	$ (2,145)			$ (2,145)
Additional paid-in-capital	710,829
Retained earnings (accumulated deficit)	28,549
Balance at Nov. 24, 2018	739,541
Condensed Statement of Stockholders' Equity
Net income (loss)	7,112
Additional paid-in-capital	712,549
Retained earnings (accumulated deficit)	35,661
Balance at Feb. 23, 2019	748,067
Condensed Statement of Stockholders' Equity
Net income (loss)	5,859
Additional paid-in-capital	714,146
Retained earnings (accumulated deficit)	41,520
Balance at May. 25, 2019	753,732
Condensed Statement of Stockholders' Equity
Net income (loss)	(42,231)
Common stock, $0.01 par value, 600,000,000 shares authorized, 95,751,845 and 81,973,284 issued at August 29, 2020 and August 31, 2019, respectively	820
Treasury stock, 98,234 and 98,234 shares at cost at August 29, 2020 and August 31, 2019, respectively	(2,145)
Additional paid-in-capital	715,740	(18,035)
Retained earnings (accumulated deficit)	(711)	(106,541)
Accumulated other comprehensive loss	$ (836)
Balance (in shares) at Aug. 31, 2019	81,973,284
Balance, Treasury (in shares) at Aug. 31, 2019	98,234
Balance at Aug. 31, 2019	$ 712,868	(124,576)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 8,515
Balance (in shares) at Aug. 31, 2019	81,973,284
Balance, Treasury (in shares) at Aug. 31, 2019	98,234
Balance at Aug. 31, 2019	$ 712,868	(124,576)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 56,816
Balance (in shares) at Aug. 31, 2019	81,973,284
Balance, Treasury (in shares) at Aug. 31, 2019	98,234
Balance at Aug. 31, 2019	$ 712,868	(124,576)
Condensed Statement of Stockholders' Equity
Net income (loss)	$ 104,928
Balance (in shares) at Aug. 31, 2019	81,973,284
Balance, Treasury (in shares) at Aug. 31, 2019	98,234
Balance at Aug. 31, 2019	$ 712,868	(124,576)
Condensed Statement of Stockholders' Equity
Net income (loss)	65,638	30,938				$ 65,638
Stock-based compensation	7,636				7,636
Foreign currency translation adjustments	(43)						$ (43)
Shares issued upon vesting of restricted stock units (in shares)			58,974
Shares issued upon vesting of restricted stock units	(191)		$ 1		(192)
Exercise of options to purchase common stock (in shares)			340,382
Exercise of options to purchase common stock	$ 4,206		$ 3		4,203
Repurchase of common stock (in shares)	0
Public equity offering (in shares)			13,379,205
Public equity offering	$ 349,219		$ 134		$ 349,085
Additional paid-in-capital	1,066,636
Retained earnings (accumulated deficit)	7,804
Balance at Nov. 30, 2019	1,072,413
Condensed Statement of Stockholders' Equity
Net income (loss)	48,301
Additional paid-in-capital	1,069,471
Retained earnings (accumulated deficit)	56,105
Balance at Feb. 29, 2020	1,123,409
Condensed Statement of Stockholders' Equity
Net income (loss)	48,112
Additional paid-in-capital	1,071,617
Retained earnings (accumulated deficit)	104,217
Balance at May. 30, 2020	1,173,728
Condensed Statement of Stockholders' Equity
Net income (loss)	(39,290)
Common stock, $0.01 par value, 600,000,000 shares authorized, 95,751,845 and 81,973,284 issued at August 29, 2020 and August 31, 2019, respectively	958
Treasury stock, 98,234 and 98,234 shares at cost at August 29, 2020 and August 31, 2019, respectively	(2,145)
Additional paid-in-capital	1,076,472	(18,035)
Retained earnings (accumulated deficit)	64,927	$ (75,603)
Accumulated other comprehensive loss	$ (879)

Nature of Operations and Princi

Nature of Operations and Principles of Consolidation	12 Months Ended
	Aug. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Description of Business The Simply Good Foods Company (“Simply Good Foods” or the "Company") 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, the Company's wholly-owned subsidiary Simply Good Foods USA, Inc., formerly known as Atkins Nutritionals, Inc. (“Simply Good USA”) 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, Simply Good USA completed the Acquisition of Quest, via Simply Good USA’s 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 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 the following core 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; and 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. The Company distributes its 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. The Company's portfolio of nutritious snacking brands gives it a strong platform with which to introduce new products, expand distribution, and attract new consumers to its products. The Company's platform also positions it to continue to selectively pursue acquisition opportunities of brands in the nutritious snacking category. Based on the duration and severity of economic effects from the novel coronavirus ("COVID-19") pandemic, including but not limited to stock market volatility, the potential for (i) continued increased rates of reported cases of COVID-19 (which has been referred to as a second wave), (ii) unexpected supply chain disruptions, (iii) changes to customer operations, (iv) continued or additional changes in consumer purchasing and consumption behavior beyond those evidenced to date, and (v) the closure of customer establishments, the Company remains uncertain of the ultimate effect COVID-19 could have on its business. Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The Company maintains its accounting records on a 52/53-week fiscal year, ending on the last Saturday in August. The financial information presented within the Company's consolidated financial statements has been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The accompanying financial statements include Consolidated Balance Sheets for the periods ended August 29, 2020 and August 31, 2019. The remaining financial statements include the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, and the fifty-two week period ended August 25, 2018. As discussed in Note 2, Restatement of Previously Issued Consolidated Financial Statements, the consolidated financial statements have been restated to reflect certain warrants as liabilities rather than equity. The consolidated financial statements include the accounts of the Company 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 on a consolidated basis. 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 expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss) and (ii) Other operating expense , which has been combined with General and administrative expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss).

Accounting Changes and Error Co

Accounting Changes and Error Corrections	12 Months Ended
	Aug. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement of previously issued statements of operations	Restatement of Previously Issued Consolidated Financial Statements On April 12, 2021, the SEC issued a statement (the “SEC Statement”) on the accounting and reporting considerations for warrants issued by special purpose acquisition companies (“SPAC”). The SEC Statement discussed certain features of warrants issued in SPAC transactions that may be common across many entities. Specifically, the SEC Statement focused in part on provisions in warrant agreements that provide for potential changes to the settlement amounts dependent upon the characteristics of the warrant holder. The SEC Statement indicated that, because the holder of a warrant is not an input into the pricing of a fixed-for-fixed option on equity shares, such provisions would preclude the warrant from being classified in equity and thus the warrant should be classified as a liability. Following consideration of the guidance in the SEC Statement, the Company concluded that its private warrants should be classified as a liability and measured at fair value at each reporting period, rather than as equity awards. Management concluded the effect of this error on the Company’s previously reported consolidated financial statements is material and, as such, the accompanying consolidated financial statements as of August 29, 2020 and August 31, 2019, and for the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, and the fifty-two week period ended August 25, 2018, and accompanying notes thereto have been restated from the amounts previously reported to give effect to the correction of this error (the “Restatement”). As a result of the Restatement, the Company’s private warrants (the “Private Warrants”) are now reflected as a liability measured at fair value on the Consolidated Balance Sheets, and the change in the fair value of this liability in each period is recognized as a gain or loss in the Consolidated Statements of Operations and Comprehensive Income (Loss). The effect of the Restatement on the Consolidated Balance Sheets as of August 29, 2020 and August 31, 2019, and Consolidated Statements of Operations and Comprehensive Income (Loss) and Consolidated Statements of Cash Flows for the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, and the fifty-two week period ended August 25, 2018, are presented below. The effect of the Restatement on the August 26, 2017 stockholders’ equity balances is presented on the Consolidated Statements of Stockholders’ Equity. Further, as a result of the Restatement, previously identified immaterial adjustments have been made to the 2018 and 2019 fiscal year results. These are reflected as “other adjustments” in the restated tables below. Regarding the statement of cash flows, the adjustments presented below to net income were offset by adjustments for the same amount within non-cash operating activities, and therefore the Restatement had no effect on total net cash flows from operating, investing or financing activities for the restated periods. Additionally, see Note 15, Earnings (Loss) Per Share, for restated earnings (loss) per share amounts and Note 20, Unaudited Quarterly Financial Data, for the Restatement effects to the quarterly periods during the fifty-two week period ended August 29, 2020 and the fifty-three week period ended August 31, 2019. Consolidated Balance Sheet August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Total assets $ 2,008,445 $ — $ 2,008,445 Warrant liability — 93,638 93,638 Total liabilities 775,474 93,638 869,112 Additional paid-in-capital 1,094,507 (18,035) 1,076,472 Retained earnings 140,530 (75,603) 64,927 Total stockholders’ equity 1,232,971 (93,638) 1,139,333 Total liabilities and stockholders’ equity $ 2,008,445 $ — $ 2,008,445 Consolidated Balance Sheet August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment As Restated Total assets $ 1,141,650 $ — $ 1,141,650 Warrant liability — 124,576 124,576 Total liabilities 304,206 124,576 428,782 Additional paid-in-capital 733,775 (18,035) 715,740 Retained earnings (accumulated deficit) 105,830 (106,541) (711) Total stockholders’ equity 837,444 (124,576) 712,868 Total liabilities and stockholders’ equity $ 1,141,650 $ — $ 1,141,650 Consolidated Statement of Operations and 52-Weeks Ended August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Income from operations $ 78,224 $ — $ 78,224 Gain in fair value change of warrant liability — 30,938 30,938 Total other (expense) income (30,198) 30,938 740 Income before income taxes 48,026 30,938 78,964 Income tax expense 13,326 — 13,326 Net income 34,700 30,938 65,638 Comprehensive income $ 34,657 $ 30,938 $ 65,595 As a result of the Restatement adjustments, basic earnings per share changed $0.33 per share, from $0.37 per share to $0.70 per share, and diluted earnings per share was unchanged. Consolidated Statement of Operations and 53-Weeks Ended August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Net sales $ 523,383 $ — $ 375 $ 523,758 Cost of goods sold 305,978 — 97 306,075 Gross profit 217,405 — 278 217,683 Selling and marketing 67,488 — 206 67,694 General and administrative 61,972 — 208 62,180 Total operating expenses 144,596 — 414 145,010 Income from operations 72,809 — (136) 72,673 Loss in fair value change of warrant liability — (72,673) — (72,673) Total other expense (8,523) (72,673) — (81,196) Income (loss) before income taxes 64,286 (72,673) (136) (8,523) Income tax expense 16,750 — (39) 16,711 Net income (loss) 47,536 (72,673) (97) (25,234) Comprehensive income (loss) $ 47,498 $ (72,673) $ (97) $ (25,272) As a result of the Restatement adjustments, basic earnings per share decreased by $0.90 per share, from $0.59 per share to a loss per share of $0.31, and diluted earnings per share decreased $0.87 per share, from $0.56 per share to a loss per share of $0.31. Consolidated Statement of Operations and Comprehensive Income (Loss) 52-Weeks Ended August 25, 2018 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Net sales $ 431,429 $ — $ 6,425 $ 437,854 Cost of goods sold 251,063 — 3,903 254,966 Gross profit 180,366 — 2,522 182,888 Selling and marketing 59,092 — 94 59,186 General and administrative 49,635 — (208) 49,427 Total operating expenses 115,636 — (114) 115,522 Income from operations 64,730 — 2,636 67,366 Loss in fair value change of warrant liability — (34,391) — (34,391) Total other expense (11,639) (34,391) — (46,030) Income before income taxes 53,091 (34,391) 2,636 21,336 Income tax benefit (17,364) — 1,314 (16,050) Net income 70,455 (34,391) 1,322 37,386 Comprehensive income $ 69,638 $ (34,391) $ 1,322 $ 36,569 As a result of the Restatement adjustments, basic earnings per share declined $0.47, from $1.00 per share to $0.53 per share, and diluted earnings per share changed $0.45 per share, from $0.96 per share to $0.51 per share. 52-Weeks Ended Consolidated Statement of Cash Flows August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Operating activities Net income $ 34,700 $ 30,938 $ 65,638 Adjustments to reconcile net income to net cash provided by operating activities: Gain in fair value change of warrant liability — (30,938) (30,938) Net cash provided by operating activities $ 58,921 $ — $ 58,921 53-Weeks Ended Consolidated Statement of Cash Flows August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Operating activities Net income (loss) $ 47,536 $ (72,673) $ (97) $ (25,234) Adjustments to reconcile net income to net cash provided by operating activities: Loss in fair value change of warrant liability — 72,673 — 72,673 Deferred income taxes 10,908 — (39) 10,869 Changes in operating assets and liabilities, net of acquisition: Accounts receivable, net (7,985) (375) (8,360) Inventories (8,272) 94 (8,178) Accrued expenses and other current liabilities 13,961 — 417 14,378 Net cash provided by operating activities $ 73,042 $ — $ — $ 73,042 52-Weeks Ended Consolidated Statement of Cash Flows August 25, 2018 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Operating activities Net income $ 70,455 $ (34,391) $ 1,322 $ 37,386 Adjustments to reconcile net income to net cash provided by operating activities: Loss in fair value change of warrant liability — 34,391 — 34,391 Deferred income taxes (21,108) — 764 (20,344) Changes in operating assets and liabilities, net of acquisition: Accounts receivable, net 267 — (6,425) (6,158) Inventories (1,081) — 3,506 2,425 Accrued expenses and other current liabilities 1,962 — 833 2,795 Net cash provided by operating activities $ 61,038 $ — $ — $ 61,038 Consolidated Statement of Stockholders’ Equity August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Additional paid-in-capital $ 1,094,507 $ (18,035) $ 1,076,472 Net income 34,700 30,938 65,638 Retained earnings 140,530 (75,603) 64,927 Total stockholders’ equity $ 1,232,971 $ (93,638) $ 1,139,333 Consolidated Statement of Stockholders’ Equity August 31, 2019 (In thousands) As Previously Reported Restatement Adjustments As Restated Additional paid-in-capital $ 733,775 $ (18,035) $ 715,740 Net income (loss) 47,536 (72,673) (25,234) Retained earnings (accumulated deficit) 105,830 (106,541) (711) Total stockholders’ equity $ 837,444 $ (124,576) $ 712,868 Consolidated Statement of Stockholders’ Equity August 25, 2018 (In thousands) As Previously Reported Restatement Adjustments As Restated Additional paid-in-capital $ 614,399 $ (18,035) $ 596,364 Net income 70,455 (34,391) 37,386 Retained earnings 58,294 (33,771) 24,523 Total stockholders’ equity $ 672,601 $ (51,806) $ 620,795 Consolidated Statement of Stockholders’ Equity August 26, 2017 (In thousands) As Previously Reported Restatement Adjustment As Restated Additional paid-in-capital $ 610,138 $ (18,035) $ 592,103 Retained earnings (accumulated deficit) (12,161) (702) (12,863) Total stockholders’ equity $ 598,702 $ (18,737) $ 579,965

Change in Accounting Principle

Change in Accounting Principle (Notes)	12 Months Ended
	Aug. 29, 2020
Change in Accounting Principle [Abstract]
Changes in Accounting Principles	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 (Loss). The Company now presents these expenses within Cost of goods sold in the Consolidated Statements of Operations and Comprehensive Income (Loss). 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 accounting policy change was applied retrospectively to all periods presented and the Consolidated Statements of Operations and Comprehensive Income (Loss) reflect the effect of this accounting principle change for all periods presented. The effect of the adjustment is as follows in thousands: Fifty-Two Weeks Ended August 25, 2018 As Reported Change in Accounting Principle and Presentation Other Operating Expense (1) As Adjusted Other Adjustments (2) As Restated (3) Cost of goods sold $ 223,873 $ 27,190 $ — $ 251,063 $ 3,903 $ 254,966 Distribution 19,685 (19,685) — — — — General and administrative 56,333 (7,331) 633 49,635 (208) 49,427 Depreciation and amortization $ 7,672 $ (174) $ — $ 7,498 $ — $ 7,498 (1) Other operating expenses have been combined with General and administrative expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss). (2) Other Adjustments as reflected within Note 2 of the financial statements. (3) As restated amount as reflected within the restated Consolidated Statements of Operations and Comprehensive Income (Loss), and described within Note 2 of the financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Aug. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Business Combination On November 7, 2019, pursuant to the Purchase Agreement, the Company completed the Acquisition of Quest for a cash purchase price of approximately $1.0 billion, subject to customary post-closing adjustments. The Acquisition of Quest was accounted for using the acquisition method of accounting prescribed by ASC Topic 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. Additionally, assets acquired and liabilities assumed were recognized at their fair values based on widely accepted valuation techniques in accordance with ASC Topic 820, Fair Value Measurements, as of the closing date. The process for estimating fair values requires the use of significant estimates, assumptions and judgments, including determining the timing and estimates of future cash flows and developing appropriate discount rates. 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. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed as of acquisition date. The Company expects to complete the final fair value determination of the assets acquired and liabilities assumed as soon as practicable within the measurement period, but not to exceed one year from the acquisition date. Fair Value Measurements Fair value represents the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Assets and liabilities are valued based upon observable and non-observable inputs. Valuations using Level 1 inputs are based on unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date. Level 2 inputs utilize significant other observable inputs available at the measurement date, other than quoted prices included in Level 1. Valuations using Level 3 inputs are based on significant unobservable inputs that cannot be corroborated by observable market data and require significant judgment. There were no significant transfers between levels during any period presented. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, deposits available on demand and other short-term, highly liquid investments with original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value. Accounts Receivable, Net Accounts receivable, net consists primarily of trade receivables, net of allowances for doubtful accounts, returns and trade promotions. The Company sells its products for cash or on credit terms, which are established in accordance with local and industry practices and typically require payment within 30 days of delivery and may allow discounts for early payment. The Company estimates an allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information and an analysis of customer data. Accounts receivable are written off when determined to be uncollectible. At August 29, 2020 and August 31, 2019, the allowance for doubtful accounts was $0.5 million and $0.6 million, respectively. Inventories Inventories are valued at the lower of cost or net realizable value on a first-in, first-out basis, adjusted for the value of inventory that is determined to be excess, obsolete, expired or unsaleable. Obsolete inventory is reserved at 50% for inventory four to six months from expiration, and 100% for items within three months of expiration. Reserves are also taken for certain products or packaging materials when it is determined their cost may not be recoverable. At August 29, 2020 and August 31, 2019, the provision for obsolete inventory was $0.5 million and $0.4 million, respectively. Property and Equipment, Net Property and equipment, net is stated at the allocated fair value for acquired assets. Additions to property and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives. The general ranges of estimated useful lives are: Furniture and fixtures 7 years Computer equipment, software and website development costs 3 - 5 years Machinery and equipment 7 years Office equipment 3 - 5 years Leasehold improvements are amortized over the shorter of the remaining term of the lease or the useful life of the improvement utilizing the straight-line method. The Company performs impairment tests for Property and equipment, net when circumstances indicate that the carrying value of the asset may not be recoverable. There were no indicators of impairment in the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, or the fifty-two week period ended August 25, 2018. Goodwill and Intangible Assets, Net Goodwill and Intangible assets, net result primarily from the Acquisition of Atkins and other acquisitions. Intangible assets primarily include brands and trademarks with indefinite lives and customer-related relationships with finite lives. Upon acquisition, the purchase price is first allocated to identifiable assets and liabilities, including customer-related intangible assets and trademarks, with any remaining purchase price recorded as Goodwill . Goodwill and indefinite-lived intangible assets are not amortized but instead are tested for impairment at least annually, or more frequently if indicators of impairment exist. The Company conducts its annual impairment tests at the beginning of the fourth fiscal quarter. Goodwill and indefinite-lived intangible assets are assessed using either a qualitative or quantitative approach to determine whether it is more likely than not that the fair values of the reporting units are less than their carrying amounts. The qualitative assessment evaluates factors including macro-economic conditions, industry-specific and company-specific considerations, legal and regulatory environments, and historical performance. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment is performed. Otherwise, no further assessment is required. The quantitative approach compares the estimated fair value of the reporting unit to its carrying amount, including goodwill. Impairment is indicated if the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, and an impairment charge is recognized for the differential. For fiscal year 2020, the Company elected to perform both qualitative and quantitative assessments of its goodwill and indefinite-lived intangible assets. During the fourth quarter of fiscal 2020, the Company determined there were indicators of impairment related to the SimplyProtein brand intangible asset. Therefore, the Company performed a quantitative assessment of its brand intangible asset, which indicated the fair value exceeded the carrying value, resulting in a loss on impairment of $3.0 million in the fifty-two week period ended August 29, 2020. There were no impairment charges related to goodwill in the fifty-two week period ended August 29, 2020. Additionally, for fiscal year 2019, we elected to perform quantitative assessments of goodwill and indefinite-lived intangible assets. No impairment charges related to goodwill or indefinite-lived intangibles were recognized in the fifty-three week period ended August 31, 2019. The Company performed qualitative assessments of goodwill and indefinite-lived intangible assets for fiscal year 2018. The qualitative assessments determined that it was more likely than not the reporting unit, brands and trademarks had a fair value in excess of their carrying value. Accordingly, no further impairment assessment was necessary, and no impairment charges related to goodwill or indefinite-lived intangibles were recognized in the fifty-two week period ended August 25, 2018. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described in the “Property and Equipment, Net” significant accounting policy. Deferred Financing Costs and Debt Discounts Costs incurred in obtaining long-term financing paid to parties other than creditors are considered a deferred financing cost and are amortized over the terms of the long-term financing agreements using the effective-interest method. Amounts paid to creditors are recorded as a reduction in the proceeds received by the creditor and are considered a discount on the issuance of debt. Income Taxes Income taxes include federal, state and foreign taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. Deferred tax assets and liabilities are determined based on the differences between the financial statement balances and the tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the fiscal year that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to amounts expected to be realized. Leases Contracts are evaluated to determine whether they contain a lease at inception. Leases are classified as either finance leases or operating leases based on criteria in ASC Topic 842, Leases. The Company’s operating leases are generally comprised of real estate and certain equipment used in warehousing 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. The Company's incremental borrowing rate for a lease is the rate of interest it 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 one year or less. The Company monitors for triggering events or conditions that require a reassessment of its leases. When the reassessment requires a re-measurement of the lease liability, a corresponding adjustment is made to the carrying amount of the right-of-use asset. Additionally, the Company reviewed for impairment indicators of its right-of-use assets and other long-lived assets as described in the “Property and Equipment, Net” significant accounting policy. Warrant Accounting The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued private placement stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480, Distinguishing Liabilities from Equity, and ASC 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is assessed as part of this evaluation. Prior to the Acquisition of Atkins, Conyers Park issued 13,416,667 public warrants and 6,700,000 Private Warrants. The Company assumed the Conyers Park warrants to purchase common stock 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. Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share. The warrants became exercisable 30 days after the completion of the Acquisition of Atkins and expire five years after that date, or earlier upon redemption or liquidation, as applicable. The assumed 13,416,667 public warrants qualified for equity classification until the warrants were fully redeemed in fiscal 2019. The 6,700,000 Private Warrants remain outstanding, and are precluded from equity classification, being liability-classified. The Company accounts for these Private Warrants as a derivative warrant liability in accordance with ASC 815-40. Accordingly, the Company recognizes the Private Warrants as a liability at fair value and adjusts the Private Warrants to fair value at each reporting period through other income. The fair value adjustments are determined by using a Black-Scholes option-pricing methodology. The valuation is primarily based on observable market data while the related theoretical private warrant volatility assumption within the Black-Scholes model represents a Level 3 measurement within the fair value measurement hierarchy. The periodic remeasurement of the Private Warrants is reflected in Gain (loss) in fair value change of warrant liability within the Consolidated Statements of Operations and Comprehensive Income (Loss). Revenue Recognition The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. The Company has determined that fulfilling and delivering products is a single performance obligation. Revenue is recognized at the point in time when the Company has satisfied its performance obligation and the customer has obtained control of the products. This generally occurs when the product is delivered to or picked up by the customer based on applicable shipping terms, which is typically within 30 days. Revenue is measured as the amount of consideration expected to be received in exchange for fulfilled product orders, including estimates of variable consideration. The most common forms of variable consideration include trade promotions, such as consumer incentives, coupon redemptions and other marketing activities, allowances for unsaleable product, and any additional amounts where a distinct good or service cannot be identified or the value cannot be reasonably estimated. Trade promotions are recorded as a reduction to net sales with a corresponding reduction to accounts receivable at the time of revenue recognition for the underlying sale. The recognition of trade promotions requires management to make estimates regarding the volume of incentive that will be redeemed and their total cost. At August 29, 2020 and August 31, 2019, the allowance for trade promotions was $25.2 million and $10.3 million, respectively. Estimates of variable consideration are made using various information including historical data on performance of similar trade promotional activities, market data from IRI, and the Company’s best estimate of current activity. The Company reviews these estimates regularly and makes 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 the Company's 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. The Company provides standard assurance type warranties that its products will comply with all agreed-upon specifications. No services beyond an assurance type warranty are provided to 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 at the time of sale, if necessary. The Company's 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 the Company's payment terms are less than 60 days. As a result, revenue is not adjusted for the effects of a significant financing component. Amounts billed and due from customers are classified as Accounts receivable, net on the Consolidated Balance Sheets. The Company utilizes third-party contract manufacturers for the manufacture of its products. The Company has evaluated whether the it 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. In accordance with ASC Topic 606, Revenue from Contracts with Customers, the Company has elected the practical expedient to expense the incremental costs to obtain a contract, because the amortization period would be less than one year, and the practical expedient for shipping and handling costs. Shipping and handling costs incurred to deliver products to customers are accounted for as fulfillment activities, rather than a promised service, and as such are included in Cost of goods sold in the Consolidated Statements of Operations and Comprehensive Income (Loss). Revenues from transactions with external customers for each of the Company's products would be impracticable to disclose and management does not view its business by product line. For revenue disaggregated by geographic area and brand refer to Note 18, Segment and Customer Information. Cost of Goods Sold Costs of goods sold represent costs directly related to the manufacture and distribution of the Company's products. Such costs include raw materials, co-manufacturing costs, packaging, shipping and handling, third-party distribution and depreciation of distribution center equipment and leasehold improvements. Shipping and Handling Costs Shipping and handling costs include costs paid to third-party warehouse operators associated with delivering product to customers and depreciation and amortization of assets at the third-party warehouse. Shipping and handling costs are recognized in Cost of goods sold . Costs of $49.8 million for the fifty-two week period ended August 29, 2020, $32.3 million for the fifty-three week period ended August 31, 2019, and $27.2 million for the fifty-two week period ended August 25, 2018 were recorded relating to products shipped to customers. Advertising Costs Production costs related to television commercials are expensed when first aired. All other advertising costs are expensed when incurred through Selling and marketing . Total advertising costs were $55.3 million for the fifty-two week period ended August 29, 2020, $35.4 million for the fifty-three week period ended August 31, 2019, and $34.0 million for the fifty-two week period ended August 25, 2018. Production costs related to television commercials not yet aired are included in Prepaid expenses in the accompanying Consolidated Balance Sheets. There were no productions costs related to television commercials not yet aired at August 29, 2020 or August 31, 2019. Research and Development Activities The Company’s research and development activities primarily consist of generating and testing new product concepts, new flavors and packaging. The Company expenses research and development costs as incurred related to compensation, facility costs, consulting and supplies. Research and development activities are primarily internal and associated costs are included in General and administrative . The Company’s total research and development expenses were $4.0 million for the fifty-two week period ended August 29, 2020, $2.2 million for the fifty-three week period ended August 31, 2019, and $2.5 million for the fifty-two week period ended August 25, 2018. Share-Based Compensation The Company uses share-based compensation, including stock options, restricted stock units and performance stock units, to provide long-term performance incentives for its employees and directors. Share-based compensation is recognized on a straight-line basis over the requisite service period of the award based on their grant-date fair value. Forfeitures are recognized as they occur. Share-based compensation expense is included in General and administrative. Defined Contribution Plan The Company sponsors defined contribution plans to provide retirement benefits to its employees. The Company's 401(k) plan and similar plans for non-domestic employees are based on a portion of eligible pay up to a defined maximum. All matching contributions are made in cash. Expense associated with defined contribution plans was $1.3 million for the fifty-two week period ended August 29, 2020, $0.6 million for the fifty-three week period ended August 31, 2019, and $0.4 million for the fifty-two week period ended August 25, 2018. Foreign Currency Translation For all foreign operations, the functional currency is the local currency. Assets and liabilities of these operations are translated into U.S. dollars using the exchange rate in effect at the end of each reporting period. Income statement accounts are translated at the average exchange rate prevailing during each reporting period. Translation adjustments are recorded as a component of Other comprehensive income (loss) . Gains or losses resulting from transactions in foreign currencies are included in Other income (expense) . 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 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 December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which amends the existing guidance relating to the accounting for income taxes. This ASU is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles of accounting for income taxes and to improve the consistent application of U.S. GAAP for other areas of accounting for income taxes by clarifying and amending existing guidance. This ASU is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The Company does not expect that the adoption of this new guidance will have a material effect on 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 Sheets: 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 Sheets 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 12. 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)	12 Months Ended
	Aug. 29, 2020
Business Combinations [Abstract]
Business Combinations	Business Combination On August 21, 2019, Simply Good USA entered into the Purchase Agreement with 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, Simply Good USA completed the Acquisition of Quest for a cash purchase price at closing of $988.9 million subject to customary post-closing adjustments. Simply Good USA 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 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 third fiscal quarter of 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 August 29, 2020. Business transaction costs within the Consolidated Statements of Operations and Comprehensive Income (Loss) for fifty-two week period ended August 29, 2020 was $27.1 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 $3.3 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. The preliminary purchase price allocation may be adjusted as a result of the finalization of the Company’s 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 3,812 Property and equipment, net (1) 9,843 Intangible assets, net (2) 868,375 Other long-term assets 20,997 Liabilities assumed: Accounts payable 25,200 Other current liabilities 11,237 Deferred income taxes (3) 10,754 Other long-term liabilities 18,891 Total identifiable net assets 913,473 Goodwill (4) 73,347 Total assets acquired and liabilities assumed $ 986,820 (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 $0.7 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 $750.0 million of indefinite brand and trademark, $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 7 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. The fair values of the intangible assets were estimated using inputs primarily from the income approach and the with/without method, which estimates the value using the cash flow impact in a hypothetical scenario where the customer relationships are not in place. The significant assumptions used in estimating the fair value of the intangible assets include the estimated life the asset will contribute to cash flows, profitability, and the estimated discount rate. (3) Primarily as a result of the fair value attributable to the identifiable intangible assets, the deferred income tax liability was $10.8 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 $67.7 million. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The final determination of the fair value of the assets acquired and liabilities assumed is expected to be completed in the first fiscal quarter of 2021. Since the initial preliminary estimates reported in the first fiscal 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, the carrying amount of the intangible assets, net were increased by $20.0 million as a result of valuation adjustments related to the Company's finalization of tax attributes, which also resulted in a decrease to deferred income taxes of $3.2 million. Additionally, accounts receivable, net decreased $3.1 million and inventories increased $0.9 million due to fair value measurement period adjustments, and the carrying amount of property and equipment, net decreased by $0.5 million to reflect its estimated fair value. As a result of these adjustments and the change in total net consideration paid of approximately $2.1 million related to net working capital adjustments discussed above, goodwill has decreased $22.7 million. 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: 52-Weeks Ended (In thousands) August 29, 2020 Net sales $ 286,803 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 fifty-three week period ended August 31, 2019, the Company added Quest’s unaudited consolidated statement of operations for the six months ended June 30, 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 fifty-two week period ended August 29, 2020. Both periods were further adjusted to reflect a full period of (a) fair value adjustments related to inventory and incremental customer relationship amortization, (b) interest expense with the higher principal and interest rates associated with the Company's new term loan debt incurred to finance, in part, the Acquisition of Quest, and (c) the effects of the adjustments on income taxes and net income. The pro forma combined financial information includes the fair value adjustments of the liability-classified Private Warrants. 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: 52-Weeks Ended 53-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 Net sales $ 885,044 $ 832,629 Gross profit 355,395 317,758 Net income (loss) $ 90,028 $ (42,627)

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Aug. 29, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net , as presented with the Consolidated Balance Sheets, are summarized as follows: (In thousands) August 29, 2020 August 31, 2019 Furniture and fixtures $ 3,197 $ 715 Computer equipment and software 1,062 956 Machinery and equipment 1,135 385 Website development costs — 2,237 Leasehold improvements 8,137 361 Finance lease right-of-use-assets 1,185 — Construction in progress — 139 Property and equipment, gross 14,716 4,793 Less: accumulated depreciation (2,866) (2,337) Property and equipment, net $ 11,850 $ 2,456 The increase in Property and equipment, net as of August 29, 2020 as compared to August 31, 2019 was primarily a result of the Acquisition of Quest. Total depreciation expense was $1.8 million for the fifty-two week period ended August 29, 2020, $1.1 million for the fifty-three week period ended August 31, 2019, and $1.2 million for the fifty-two week period ended August 25, 2018. General and administrative includes a $0.1 million loss on disposal of property and equipment in the fifty-two week period ended August 25, 2018.

Goodwill and Intangibles

Goodwill and Intangibles	12 Months Ended
	Aug. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Goodwill and Intangibles Changes to Goodwill during the fifty-two week period ended August 29, 2020 were as follows: (In thousands) Goodwill Balance as of August 31, 2019 $ 471,427 Acquisition of business 73,347 Balance as of August 29, 2020 $ 544,774 The Company performed the first step of the quantitative goodwill impairment assessment by comparing the fair value of each of the Company’s reporting units to its carrying amount, including goodwill. The goodwill impairment assessment was performed for each reporting unit that had goodwill, which consisted of both of the Company’s operating segments, Atkins and Quest. The estimated fair values of the Atkins and Quest reporting units substantially exceeded their carrying values. Therefore, the Company determined neither reporting unit was impaired. The change in Goodwill during the fifty-two week period ended August 29, 2020 was the result of the acquisition method of accounting related to the Acquisition of Quest as described in Note 5. There were no changes in the Company's goodwill in the fifty-three week period ended August 31, 2019. There were no impairment charges related to goodwill in the fifty-two week period ended August 29, 2020 or since the inception of the Company. Intangible assets, net in the Consolidated Balance Sheets consist of the following: August 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 979,000 $ — $ 979,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 18,503 155,497 Proprietary recipes and formulas 7 years 7,000 3,131 3,869 Licensing agreements 14 years 22,000 4,920 17,080 Software and website development costs 3 - 5 years 5,967 2,645 3,322 $ 1,187,967 $ 29,199 $ 1,158,768 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 the Acquisition of Quest, amortization expense, and an impairment loss related to brand and trademark intangible assets. During the fourth quarter of fiscal 2020, the Company determined there were indicators of impairment related to the SimplyProtein brand intangible asset. Therefore, the Company performed a quantitative assessment of its brand intangible asset, which indicated its fair value exceeded its carrying value, resulting in a loss on impairment of $3.0 million. Additionally, the Company had not identified indicators of impairment related to its finite-lived intangible assets, which are tested for impairment when events or circumstances indicated that the carrying amount may not be recoverable. Amortization expense related to intangible assets was $14.0 million for the fifty-two week period ended August 29, 2020, $6.5 million for the fifty-three week period ended August 31, 2019, and $6.5 million for the fifty-two week period ended August 25, 2018. Estimated future amortization for each of the next five fiscal years and thereafter is as follows: (In thousands) Amortization 2021 $ 15,446 2022 15,212 2023 14,938 2024 14,281 2025 13,171 Thereafter 106,720 Total $ 179,768

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Aug. 29, 2020
Accrued Liabilities, Current [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities in the Consolidated Balance Sheets were comprised of the following: (In thousands) August 29, 2020 August 31, 2019 Accrued professional fees $ 3,125 $ 8,903 Accrued advertising allowances and claims 2,625 2,095 Accrued bonus expenses 12,261 10,908 Accrued freight expenses 1,795 1,791 Accrued payroll-related expenses 2,179 841 Accrued commissions 1,789 932 Income taxes payable 839 382 VAT payable 2,367 1,787 Accrued restructuring 4,139 — Other accrued expenses 2,559 2,294 Current operating lease liabilities 4,329 — Accrued expenses and other current liabilities $ 38,007 $ 29,933 The increase in Accrued expenses and other current liabilities as of August 29, 2020 as compared to August 31, 2019 was primarily a result of the Acquisition of Quest.

Long-Term Debt and Line of Cred

Long-Term Debt and Line of Credit	12 Months Ended
	Aug. 29, 2020
Debt Disclosure [Abstract]
Long-Term Debt and Line of Credit	Long-Term Debt and Line of Credit On July 7, 2017, the Company entered into a credit agreement with Barclays Bank PLC and other parties (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 is based on either (i) a base rate equaling the higher of (a) the “prime rate”, (b) the federal funds effective rate plus 0.50% and (c) the Euro-currency rate applicable for an interest period of one month plus 1.00% plus (x) 3.00% margin for Term Loan or (y) 2.00% margin for 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 third fiscal quarter of 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. In the fourth fiscal quarter of 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. As of August 29, 2020 and August 31, 2019, there were no amounts drawn against the Revolving Credit Facility. The Credit Agreement contains certain financial and other covenants that limit the Company’s 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 the third anniversary of the closing date of the credit facilities) 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 facilities may result in an event of default. The Company was in compliance with all financial covenants as of August 29, 2020 and August 31, 2019, respectively. Long-term debt consists of the following: (In thousands) August 29, 2020 August 31, 2019 Term Facility (effective rate of 4.8% at August 29, 2020) $ 606,500 $ 196,500 Finance lease liabilities (effective rate of 5.6% at August 29, 2020) 922 — Less: Deferred financing fees 10,272 5,565 Total debt 597,150 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at August 29, 2020 and $1.3 million at August 31, 2019, respectively — 676 Less: Current finance lease liabilities 271 — Long-term debt, net of deferred financing fees $ 596,879 $ 190,259 As of August 29, 2020, aggregate principal maturities of debt for each of the next five fiscal years and thereafter are as follows: (In thousands) Principal Maturities 2021 $ 236 2022 282 2023 262 2024 606,642 2025 — Total debt $ 607,422 The Company is not required to make principal payments on the Term Facility over the twelve months following the period ended August 29, 2020. As of August 29, 2020, the Company had letters of credit in the amount of $5.9 million outstanding. These letters of credit offset against the availability of the Revolving Credit Facility. These letters of credit exist to support three of the Company's leased buildings and insurance programs relating to workers' compensation. No amounts were drawn against these letters of credit at August 29, 2020. The Company utilizes market approaches to estimate the fair value of certain outstanding borrowings by discounting anticipated future cash flows derived from the contractual terms of the obligations and observable market interest and foreign exchange rates. The Company carries debt at historical cost and discloses fair value. As of August 29, 2020 and August 31, 2019, the book value of the Company’s debt approximated fair value. The estimated fair value of the Term Loan is valued based on observable inputs and classified as Level 2 in the fair value hierarchy.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Aug. 29, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1 – Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 – Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 – Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. A loss of $0.5 million and a benefit of $2.8 million was charged to the Loss (gain) in fair value change of contingent consideration - TRA liability for the fifty-three week period ended August 31, 2019 and fifty-two week period ended August 25, 2018, respectively. The Company settled the Income Tax Receivable Agreement (the “TRA”) during the fifty-three week period ended August 31, 2019, which resulted in a $1.5 million gain. Refer to Note 11, Income Taxes, for additional details regarding the TRA liability settlement. Level 3 Measurements The Company has outstanding liability-classified Private Warrants that allow holders to purchase 6,700,000 shares of the Company’s common stock. Such Private Warrants are held by Conyers Park Sponsor, LLC, a related party. The Company utilizes the Black-Scholes valuation model to estimate the fair value of the Private Warrants at each reporting date. The application of the Black-Scholes model utilizes significant assumptions, including volatility. Significant judgment is required in determining the expected volatility (the key assumption) of the Private Warrants. In order to determine the most accurate measure of this volatility, the Company measured expected volatility based on several inputs, including considering a peer group of publicly traded companies, the Company’s implied volatility based on traded options, the implied volatility of comparable SPAC warrants, and the implied volatility of any outstanding Public Warrants during the periods they were outstanding. As a result of the unobservable inputs that were used to determine the expected volatility of the Private Warrants, the fair value measurement of these warrants reflects a Level 3 measurement within the fair value measurement hierarchy. The periodic remeasurement of the warrant liability is reflected in Gain (loss) in fair value change of warrant liability within the Consolidated Statements of Operations and Comprehensive Income (Loss). The adjustments for the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, and the fifty-two week period ended August 25, 2018 were a gain of $30.9 million, a loss of $72.7 million and a loss of $34.4 million, respectively. The adjustments resulted in a total warrant liability at August 29, 2020 and August 31, 2019 of $93.6 million and $124.6 million, respectively. There were 6,700,000 Private Warrants outstanding as of August 29, 2020, August 31, 2019, and August 25, 2018. Based on the fair value assessment that was performed, the Company determined a fair value price per Private Warrant of $13.98, $18.59, and $7.75 as of August 29, 2020, August 31, 2019, and August 25, 2018, respectively. The table below summarizes the inputs used to calculate the fair value of the warrant liability at each of the dates indicated below: August 29, 2020 August 31, 2019 August 25, 2018 Exercise Price $ 11.50 $ 11.50 $ 11.50 Stock Price $ 25.39 $ 29.63 $ 17.98 Dividend Yield — % — % — % Expected Term (in Years) 1.85 2.85 3.87 Risk-Free Interest Rate 0.14 % 1.43 % 2.68 % Expected Volatility 29.20 % 21.10 % 18.40 % Per Share Value of Warrants $ 13.98 $ 18.59 $ 7.75 The following table presents changes in Level 3 liabilities measured at fair value for the year ended August 31, 2019: (In thousands) Private Warrants Balance at August 25, 2018 $ 51,903 Change in fair value of warrant liabilities 72,673 Balance at August 31, 2019 $ 124,576 The following table presents changes in Level 3 liabilities measured at fair value for the year ended August 29, 2020: (In thousands) Private Warrants Balance at August 31, 2019 $ 124,576 Change in fair value of warrant liabilities (30,938) Balance at August 29, 2020 $ 93,638 There were no transfers of financial instruments between the three levels of the fair value hierarchy during the fiscal years ended August 29, 2020, August 31, 2019, and August 25, 2018, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Aug. 29, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The sources of income before income taxes are as follows: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Domestic $ 78,418 $ (8,565) $ 17,993 Foreign 546 42 3,343 Total income before income taxes $ 78,964 $ (8,523) $ 21,336 Income tax expense (benefit) was comprised of the following: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Current: Federal $ 3,056 $ 2,784 $ 3,134 State and local 1,835 2,684 159 Foreign 219 374 1,001 Total current expense $ 5,110 $ 5,842 $ 4,294 Deferred: Federal $ 6,747 $ 9,937 $ (20,459) State and local 1,637 1,086 (26) Foreign (168) (154) 141 Total deferred income tax expense (benefit) 8,216 10,869 (20,344) Total tax expense (benefit) $ 13,326 $ 16,711 $ (16,050) A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Statutory income tax expense: 21.0 % 21.0 % 25.5 % Change in fair value of warrant liabilities (10.8) (222.2) (42.5) State income tax expense, net of federal 5.0 3.9 3.1 Valuation allowance (1.2) (0.6) 0.6 Taxes on foreign income above the U.S. tax 0.1 0.2 0.4 Tax Cuts and Jobs Act — — (58.4) Change in tax rate 1.5 1.5 (4.0) Non-deductible transaction costs 0.1 — — TRA contingent consideration — (0.4) (1.5) Other permanent items 1.2 0.5 1.6 Income tax expense (benefit) 16.9 % (196.1) % (75.2) % The comparability of the Company's operating results of fiscal 2018 as compared to subsequent fiscal years 2019 and 2020 was effected by the U.S. Tax Cuts and Jobs Act of 2017 (the “Tax Act”), which was enacted on December 22, 2017. The Tax Act introduced significant changes to U.S. income tax law including reducing the U.S. federal statutory tax rate from 35% to 21% and imposing new taxes on certain foreign-sourced earnings and certain intercompany payments. Due to the timing of the enactment and the complexity involved in applying the provisions of the Tax Act, the Company made reasonable estimates of the effects and recorded provisional amounts in its financial statements as of fiscal 2018 in accordance with SEC Staff Accounting Bulletin No. 118 (“SAB 118”). During the period ended February 23, 2019, the Company completed its accounting for the Tax Act with no material adjustment to the provisional estimates recorded. For the Global Intangible Low-Taxed Income (“GILTI”) provisions of the Tax Act, the Company completed its assessment during the second quarter of 2019 and, effective August 26, 2018, elected an accounting policy to record GILTI as period costs if and when incurred. Additionally, the Company concluded that it had not met the threshold requirements of the base erosion and anti-abuse tax. Although the measurement period has closed, further technical guidance related to the Tax Act, including final regulations on a broad range of topics, is expected to be issued. In accordance with ASC 740, the Company will recognize any effects of the guidance in the period that such guidance is issued. The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities at August 29, 2020 and August 31, 2019 were as follows: (In thousands) August 29, 2020 August 31, 2019 Deferred tax assets Accounts receivable allowances $ 2,427 $ 2,601 Inventories write-downs 92 67 Accrued expenses 3,968 3,680 Net operating loss carryforwards 3,837 4,179 Share-based compensation 2,770 1,755 Tax credits 256 351 Lease liabilities 6,785 — Other 3,714 2,247 Deferred tax assets 23,849 14,880 Valuation allowance (3,190) (3,786) Deferred tax asset, net of valuation allowance $ 20,659 $ 11,094 Deferred tax liabilities: Prepaid expense $ (514) $ (474) Excess tax over book depreciation (2,278) (169) Website development costs (816) (226) Intangible assets (94,398) (74,431) Lease right-of-use assets (6,442) — Other (563) (1,177) Deferred tax liabilities (105,011) (76,477) Net deferred tax liabilities $ (84,352) $ (65,383) The Company had state net operating loss carryforwards of $11.9 million and $12.2 million and foreign net operating losses of $12.8 million and $14.2 million at August 29, 2020 and August 31, 2019, respectively. The state net operating loss carryforwards will begin to expire in 2021. As of August 29, 2020, the Company has recorded total valuation allowances of $3.2 million, of which $2.9 million relates to valuation allowances on deferred tax assets related to foreign net operating loss carryforwards. The majority of this amount represents a full valuation allowance on the deferred tax assets of foreign entities within the United Kingdom, Netherlands, and Spain. Of the valuation allowance on deferred tax assets, $0.3 million relates to state net operating losses. During the fifty-two week period ended August 29, 2020, there was a $1.4 million decrease to the tax loss carryforwards in foreign jurisdictions. As the carryforwards were generated in jurisdictions where the Company has historically recognized book losses or does not have strong future earnings projections, the Company concluded it is more likely than not that the operating losses would not be realized, and thus maintained a full valuation allowance against the associated deferred tax assets. During the fifty-two week period ended August 29, 2020, the Company changed its intentions and determined to not indefinitely reinvest its foreign earnings within its subsidiaries in the United Kingdom, Spain, and Canada. The change in assertion did not result in recognition of tax liabilities related to these jurisdictions. It is the Company’s intention to reinvest the earnings of its other non-U.S. subsidiaries in those operations. As of August 29, 2020, the Company has not made a provision for U.S. or additional foreign withholding taxes for any outside basis differences inherent in its investments in foreign subsidiaries that are indefinitely reinvested. It is not practicable to estimate the amount of deferred tax liability related to investments in these foreign subsidiaries. As of August 29, 2020 and August 31, 2019, the Company has no unrecognized tax benefits. The Company records interest and penalties associated with unrecognized tax benefits as a component of tax expense. As of August 29, 2020 and August 31, 2019, the Company has not accrued interest or penalties on unrecognized tax benefits, as there is no position recorded as of these fiscal years. No changes to the uncertain tax position balance are anticipated within the next 12 months, and are not expected to materially affect the financial statements. As of August 29, 2020, tax years 2014 to 2019 remain subject to examination in the United States and the tax years 2014 to 2019 remain subject to examination in other major foreign jurisdictions where the Company conducts business. State income tax returns are generally subject to examination for a period of three to five years after the filing of the respective return. Tax Receivable Agreement Concurrent with the Acquisition of Atkins, the Company entered into the TRA with the historical stockholders of Atkins. The TRA was valued based on the future expected payments under the terms of the agreement. The TRA provides for the payment by Simply Good Foods to the Atkins’ selling equity holders for certain federal, state, local and non-U.S. tax benefits deemed realized in post-closing taxable periods by Simply Good Foods, Conyers Park, Atkins and Atkins’ eligible subsidiaries from the use of up to $100 million of the following tax attributes: (i) net operating losses available to be carried forward as of the closing of the Acquisition of Atkins, (ii) certain deductions generated by the consummation of the business transaction and (iii) remaining depreciable tax basis from the 2003 acquisition of Atkins Nutritionals, Inc. The Company re-measured the TRA in the second fiscal quarter of 2018 due to the Tax Act. The second quarter assessment of these changes resulted in a provisional one-time gain of $4.7 million, recognized in Loss (gain) in fair value change of contingent consideration - TRA liability . During the first fiscal quarter of 2019, the Company entered into a termination agreement (the “Termination Agreement”) with Atkins Holdings, LLC and Roark Capital Acquisition, LLC. Pursuant to the Termination Agreement, the Company paid $26.5 million to settle the TRA in full. Under the Termination Agreement, each of the parties thereto agreed to terminate the TRA and to release any and all obligations and liabilities of the other parties thereunder effective as of the receipt of the termination payment. The Company recorded a $0.5 million loss on the fair value change in the TRA liability through the settlement on November 14, 2018 and recognized a gain of $1.5 million in connection with the execution of the Termination Agreement and final cash payment.

Leases (Notes)

Leases (Notes)	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Leases [Abstract]
Leases, ASC 840 Disclosure		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 fifty-three week period ended August 31, 2019, rent expenses for operating leases were $2.2 million. For the fifty-two week period ended August 25, 2018, rent expenses for operating leases were $2.4 million.
Leases, ASC 842 Disclosure	Leases On September 1, 2019, the Company adopted ASU No. 2016-02, Leases, 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 continuing to be reported under ASC Topic 840, Leases. The components of lease expense were as follows: 52-Weeks Ended (In thousands) Statement of Operations Caption August 29, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 5,242 Variable lease cost (1) Cost of goods sold and General and administrative 1,648 Operating lease cost $ 6,890 Short term lease cost General and administrative $ 30 Finance lease cost: Amortization of right-of use assets Cost of goods sold $ 273 Interest on lease liabilities Interest expense 60 Total finance lease cost $ 333 Total lease cost $ 7,253 (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 August 29, 2020 Assets Operating lease right-of-use assets Other long-term assets $ 25,703 Finance lease right-of-use assets Property and equipment, net 912 Total lease assets $ 26,615 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 4,329 Finance lease liabilities Current maturities of long-term debt 271 Long-term: Operating lease liabilities Other long-term liabilities 22,764 Finance lease liabilities Long-term debt, less current maturities 651 Total lease liabilities $ 28,015 Future maturities of lease liabilities as of August 29, 2020 were as follows: (In thousands) Operating Leases Finance Leases Fiscal year ending: 2021 $ 5,697 $ 313 2022 4,649 313 2023 4,114 278 2024 4,216 145 2025 3,765 — Thereafter 11,014 — Total lease payments 33,455 1,049 Less: Interest (6,362) (127) Present value of lease liabilities $ 27,093 $ 922 As of August 29, 2020, the Company had entered into a lease with estimated total minimum future lease payments of $32.2 million over a 10.0-year minimum lease term that had not yet commenced, and as a result it is not recorded on the Consolidated Balance Sheets. The Company expects the lease to commence in fiscal year 2021, and the Company has the option to renew the lease for an additional 5.0 years or 10.0 years after the minimum lease term. The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases as of August 29, 2020 were as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 6.97 3.41 Weighted-average discount rate 5.7 % 5.6 % Supplemental and other information related to leases was as follows: 52-Weeks Ended (In thousands) August 29, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 6,534 Operating cash flows from finance leases 18 Financing cash flows from finance leases $ 338

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Aug. 29, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company is a party to certain litigation and claims that are considered normal to the operations of the business. From time to time, the Company has been and may again become involved in legal proceedings arising in the ordinary course of business. The Company is not presently a party to any litigation that it believes to be material, and the Company is not aware of any pending or threatened litigation against it that its management believes could have a material adverse effect on its 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 fifty-two week period ended August 29, 2020, the Company reserved an additional $0.3 million. The reserve is included within General and administrative in the Consolidated Statements of Operations and Comprehensive Income (Loss) and the reserve was fully paid into escrow and settled during the fifty-two week period ended August 29, 2020. As of August 29, 2020, the Company had $1.3 million reserved for potential settlements, of which $1.2 million were acquired as part of the Acquisition of Quest. 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 August 29, 2020 the Company will be required to make payments of $2.9 million over the next year.

Stockholders' Equity (Notes)

Stockholders' Equity (Notes)	12 Months Ended
	Aug. 29, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Public Equity Offering On October 9, 2019, the Company completed an underwritten public offering of 13,379,205 shares of 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 the Company 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. Warrants to Purchase Common Stock Prior to the Acquisition of Atkins, Conyers Park issued 13,416,667 public warrants and 6,700,000 Private Warrants. The Company assumed the Conyers Park warrants to purchase common stock 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. Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share. The warrants became exercisable 30 days after the completion of the Acquisition of Atkins in 2017 and expire five years after that date, or earlier upon redemption or liquidation, as applicable. From August 26, 2018 through October 5, 2018, public warrants to purchase an aggregate of 9,866,451 shares of the Company’s common stock were exercised for cash at an exercise price of $11.50 per share, resulting in aggregate gross proceeds to the Company of $113.5 million. On October 4, 2018, the Company delivered a notice for the redemption (the “Redemption Notice”) of all of its public warrants that remained unexercised immediately after November 5, 2018. Exercises of public warrants following the Redemption Notice were required to be done on a cashless basis. Accordingly, holders were no longer permitted to exercise public warrants in exchange for payment in cash of $11.50 per share. Instead, a holder exercising a public warrant was deemed to have paid the $11.50 per share exercise price by the surrender of 0.61885 of a share of common stock that the holder would have been entitled to receive upon a cash exercise of each public warrant. Exercising holders received 0.38115 of a share of the Company’s common stock for each public warrant surrendered for exercise. Following the Redemption Notice, 3,499,639 public warrants were exercised on a cashless basis. An aggregate of 1,333,848 shares of the Company’s common stock were issued in connection with these exercises of the public warrants. All remaining public warrants were redeemed as of November 5, 2018 for an immaterial amount. The Private Warrants to purchase 6,700,000 shares of the Company's common stock remain outstanding, have not been transferred by Conyers Park Sponsor, LLC, a related party, and remain liability-classified. As discussed in Note 10, the liability-classified warrants are remeasured on a recurring basis, primarily based on observable market data while the related theoretical private warrant volatility assumption within the Black-Scholes model represents a Level 3 measurement within the fair value measurement hierarchy. The periodic remeasurement of the warrant liability is reflected in Gain (loss) in fair value change of warrant liability within the Consolidated Statements of Operations and Comprehensive Income (Loss). 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 fifty-two week period ended August 29, 2020, the Company did not repurchase any shares of common stock. During the fifty-three week period ended August 31, 2019, the Company repurchased 98,234 shares of common stock at an average share price of $21.83 per share. As of August 29, 2020, approximately $47.9 million remained available under the stock repurchase program.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Aug. 29, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings (Loss) Per Share Basic earnings or loss per share is based on the weighted average number of common shares issued and outstanding. In computing diluted earnings per share, basic earnings per share is adjusted for the assumed issuance of all potentially dilutive securities. 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 as the effect of including common stock equivalents outstanding would be antidilutive. The Company has outstanding liability-classified Private Warrants to purchase 6,700,000 shares of the Company’s common stock. During periods when the effect is dilutive, the Company assumes share settlement of the instruments as of the beginning of the reporting period and adjusts the numerator to remove the change in fair value of the warrant liability and adjusts the denominator to include the dilutive shares, calculated using the treasury stock method. During periods when the impact is antidilutive, the share settlement is excluded. The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands, except share and per share data) August 29, 2020 August 31, 2019 August 25, 2018 Basic earnings per share computation: Numerator: Net income (loss) available to common stock stockholders $ 65,638 $ (25,234) $ 37,386 Denominator: Weighted average common shares - basic 93,968,953 80,734,091 70,582,149 Basic earnings (loss) per share from net income $ 0.70 $ (0.31) $ 0.53 Diluted earnings per share computation: Numerator: Net income (loss) available to common stock stockholders $ 65,638 $ (25,234) $ 37,386 Gain in fair value change of warrant liability (30,938) — — Numerator for diluted earnings per share 34,700 (25,234) 37,386 Denominator: Weighted average common shares outstanding - basic 93,968,953 80,734,091 70,582,149 Public warrants — — 2,111,561 Private Warrants 3,327,656 — — Employee stock options 1,001,542 — 43,779 Non-vested shares 45,571 — 49,354 Weighted average common shares - diluted 98,343,722 80,734,091 72,786,843 Diluted earnings (loss) per share from net income (loss) $ 0.35 $ (0.31) $ 0.51 Diluted earnings per share calculations for the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018 excluded 0.6 million, 1.0 million and 0.2 million shares of common stock options issuable upon exercise of stock options, respectively, that would have been anti-dilutive. In addition, the fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018 excluded 3.0 million and 0.9 million shares, issuable upon exercise, of Private Warrants that would have been anti-dilutive. The fifty-three week period ended August 31, 2019 excluded 0.6 million shares, issuable upon exercise, of public warrants that would have been anti-dilutive. An immaterial number of non-vested shares were excluded from diluted earnings per share calculations for the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018.

Omnibus Incentive Plan

Omnibus Incentive Plan	12 Months Ended
	Aug. 29, 2020
Share-based Payment Arrangement [Abstract]
Omnibus Incentive Plan	Omnibus Incentive Plan Stock-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 stock-based compensation expense of $7.6 million in the fifty-two week period ended August 29, 2020, $5.5 million in the fifty-three week period ended August 31, 2019, and $4.0 million in the fifty-two week period ended August 25, 2018 . In July 2017, the Company's stockholders approved the 2017 Omnibus Incentive Plan (the “Incentive Plan”). The Incentive Plan provides for the issuance of a maximum of 9,067,917 shares of stock-denominated awards to directors, employees, officers and agents of the Company. As of August 29, 2020, there were 5.2 million shares available for grant under the Incentive Plan. Stock Options Stock options granted under the Incentive Plan are granted at a price equal to or more than the fair value of common stock on the date the option is granted. Stock options under the Incentive Plan generally become exercisable ratably over three years from the date of grant and must be exercised within ten years from the date of grant. The following table summarizes stock option activity for the fifty-two week period ended August 29, 2020: (In thousands, except share and per share data) Shares Weighted average Weighted average remaining contractual life Aggregate intrinsic Outstanding as of August 31, 2019 2,748,735 $ 13.35 8.13 $ 44,743 Granted 229,024 23.87 Exercised (340,382) 12.36 Forfeited (21,478) 21.92 Outstanding as of August 29, 2020 2,615,899 $ 14.33 7.29 $ 28,927 Vested and expected to vest as of August 29, 2020 2,615,899 $ 14.33 7.29 $ 28,927 Exercisable as of August 29, 2020 2,082,569 $ 12.65 7.00 $ 26,537 The following table summarizes information about stock options outstanding at August 29, 2020: Range of Exercise Prices Number Outstanding Weighted-Average Exercise Price Weighted-Average Remaining Life (Years) Number Exercisable Weighted-Average Exercise Price $ 12.00 - 14.99 1,938,833 $ 12.04 6.90 1,893,950 $ 12.02 $ 15.00 - 17.99 117,553 16.88 7.89 78,368 16.88 $ 18.00 - 20.99 293,465 19.89 8.02 94,507 19.89 $ 21.00 - 23.99 48,396 21.85 9.56 4,462 21.49 $ 24.00 - 26.99 217,652 24.19 8.91 11,282 24.08 2,615,899 $ 14.33 7.29 2,082,569 $ 12.65 The weighted average fair value of options granted during the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018 were $7.79, $7.10 and $4.60, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes Option Pricing Model based on the following assumptions: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended August 29, 2020 August 31, 2019 August 25, 2018 Expected volatility 30.27 % - 33.82% 29.30 % - 32.09% 26.72 % - 27.50% Expected dividend yield —% —% — % Expected option term 6 6 6 Risk-free rate of return 0.38 % - 1.8% 1.82 % - 3.13% 1.98 % - 2.79% Expected term is estimated using the simplified method, which takes into account vesting and contractual term. The simplified method is being used to calculate expected term instead of historical experience due to a lack of relevant historical data resulting from changes in option vesting schedules and changes in the pool of employees receiving option grants. Due to a lack of sufficient trading history for the Company's common stock, expected stock price volatility is based on a sampling of comparable publicly traded companies. The Company believes a sample of comparable publicly traded companies most closely models the nature of the business and stock price volatility. The risk-free rates are based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term. Future annual dividends over the expected term are estimated to be nil. As of August 29, 2020, $2.3 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.6 years. During the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018, the Company received $4.2 million, $0.7 million, and $0.1 million in cash from stock option exercises, respectively. Restricted Stock Units Restricted stock units granted under the Incentive Plan are granted at a price equal to closing market price of the Company's common stock on the date of grant. Restricted stock units under the Incentive Plan generally vest over three years. The following table summarizes restricted stock unit activity for the fifty-two week period ended August 29, 2020: Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 193,533 23.17 Vested (67,354) 17.07 Forfeited (10,556) 19.45 Non-vested as of August 29, 2020 208,023 $ 22.82 As of August 29, 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 1.9 years. Performance Stock Units During the fifty-two week period ended August 29, 2020, the Board of Directors granted performance stock units under the Company's equity compensation plan. Performance stock units vest in a range between 0% and 200% based upon certain performance criteria over a period of three years. Performance stock units were valued using a Monte-Carlo simulation. The following table summarizes performance stock unit activity for the fifty-two week period ended August 29, 2020: Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (18,421) 17.62 Non-vested as of August 29, 2020 295,256 $ 17.93 As of August 29, 2020, the Company had $3.2 million of total unrecognized compensation cost related to performance stock units that will be recognized over a weighted average period of 1.6 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 three years from the date of grant and must be exercised within ten years. The following table summarizes SARs activity for the fifty-two week period ended August 29, 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 August 29, 2020 150,000 $ 24.20 9.18 Vested and expected to vest as of August 29, 2020 150,000 $ 24.20 9.18 Exercisable as of August 29, 2020 — $ — 0.00 As of August 29, 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 2.2 years.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Aug. 29, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Tax Receivable Agreement During the fifty-three week period ended August 31, 2019, the Company entered into the Termination Agreement, pursuant to which, the Company paid $26.5 million to settle the TRA (the “Termination Payment”), which provided former stockholders of Atkins with payments for federal, state, local and non-U.S. tax benefits deemed realized by the Company. Under the Termination Agreement, each of the parties thereto agreed to terminate the TRA and to release and discharge any and all obligations and liabilities of the other parties thereunder effective as of the exchange agent’s receipt of the Termination Payment. Richard Laube, a former director of the Company, Joseph Scalzo, President and Chief Executive Officer and a director of the Company, and Scott Parker, Chief Marketing Officer, were each former stockholders of Atkins and received their respective pro rata share of the Termination Payment as additional consideration for their former stock ownership in accordance with the terms of the Merger Agreement. The TRA liability and subsequent settlement are discussed in Note 11, Income Taxes. Merger Agreement Working Capital Adjustment In the first quarter of fiscal 2018, pursuant to the terms of the Merger Agreement, Simply Good Foods paid a working capital adjustment of $1.8 million to the former owners of Atkins, which resulted in an increase to the previously recognized goodwill.

Segment and Customer Informatio

Segment and Customer Information	12 Months Ended
	Aug. 29, 2020
Segment Reporting [Abstract]
Segment and Customer Information	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. Reconciliations of the totals of reported segment revenue, profit or loss measurement, assets and other significant items reported by segment to the corresponding GAAP totals is not applicable to the Company as it only has one reportable segment. Additionally, 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 is a summary of revenue disaggregated by geographic area and brand: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Net sales North America (1) $ 501,472 $ 498,571 $ 411,480 International (1) 28,366 25,187 26,374 Total Atkins 529,838 523,758 437,854 Quest (2) 286,803 — — Total $ 816,641 $ 523,758 $ 437,854 (1) The North America geographic area consists of net sales substantially related to the United States and there is no individual foreign country to which more than 10% of Company’s net sales are attributed or that is otherwise deemed individually material. (2) Quest net sales are primarily in North America. The following is a summary long lived assets by geographic area: (In thousands) August 29, 2020 August 31, 2019 Long lived assets North America (1) $ 11,841 $ 2,437 International (1) 9 19 Total $ 11,850 $ 2,456 (1) The North America geographic area consists of long-lived assets substantially related to the United States and there is no individual foreign country in which more than 10% of the Company’s long-lived assets are located or that is otherwise deemed individually material. Significant Customers As a result of the Acquisition of Quest, the Company's exposure to credit risk concentrated in one customer was reduced during 2020. Credit risk for the Company was concentrated in two customers who comprised more than 10% of the Company’s total sales for the fifty-two week period ended August 29, 2020. For the fifty-three week period ended August 31, 2019 and the fifty-two week period ended August 25, 2018, credit risk for the Company was concentrated in one customer who comprised more than 10% of the Company’s total sales. 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended August 29, 2020 August 31, 2019 August 25, 2018 Customer 1 34 % 44 % 43 % Customer 2 10 % n/a n/a n/a - Not applicable as the customer was not significant during these fiscal years. At August 29, 2020 and August 31, 2019, the following amounts of the Company’s accounts receivable, net were related to these significant customers for the periods in which the customers were significant: (In thousands) August 29, 2020 August 31, 2019 Customer 1 $ 34,411 38 % $ 17,386 39 % Customer 2 $ 12,345 14 % n/a n/a n/a - Not applicable as the customer was not significant as of this date. No other customers of the Company accounted for more than 10% of sales during these periods. The Company generally does not require collateral from its customers and has not incurred any significant losses on uncollectible accounts receivable.

Restructuring and related charg

Restructuring and related charges (Notes)	12 Months Ended
	Aug. 29, 2020
Restructuring and Related Activities [Abstract]
Restructuring and related charges	Restructuring and Related Charges 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 became 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 fifty-two week period ended August 29, 2020, the Company incurred $5.5 million of costs for these restructuring activities which have been included within General and administrative on the Consolidated Statements of Operations and Comprehensive Income (Loss). Overall, the Company expects to incur a total of approximately $8.1 million in restructuring costs, including the $5.5 million referenced above. The one-time termination benefits and employee severance costs are to be paid throughout fiscal 2021 and the first quarter of fiscal 2022. Changes to the restructuring liability during the fifty-two week period ended August 29, 2020 were as follows: (in thousands) Termination benefits and severance Other Restructuring Liability Balance as of August 31, 2019 $ — $ — $ — Charges 4,139 1,388 5,527 Cash payments — (1,388) (1,388) Non-cash settlements or adjustments — — — Balance as of August 29, 2020 $ 4,139 $ — $ 4,139

Unaudited Quarterly Financial D

Unaudited Quarterly Financial Data	12 Months Ended
	Aug. 29, 2020
Quarterly Financial Information Disclosure [Abstract]
Unaudited Quarterly Financial Data	Unaudited Quarterly Financial Data Summarized quarterly financial data: 52-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended (In thousands, except per share amounts) August 29, 2020 August 29, 2020 May 30, 2020 February 29, 2020 November 30, 2019 Net sales $ 816,641 $ 222,286 $ 215,101 $ 227,101 $ 152,153 Gross profit 324,328 88,102 88,626 85,394 62,206 Income (loss) from operations 78,224 24,832 31,108 25,269 (2,985) Net income (loss) $ 65,638 $ (39,290) $ 48,112 $ 48,301 $ 8,515 Earnings (loss) per share: Basic $ 0.70 $ (0.41) $ 0.50 $ 0.51 $ 0.09 Diluted $ 0.35 $ (0.41) $ 0.17 $ 0.11 $ (0.05) 53-Weeks Ended 14-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended (In thousands, except per share amounts) August 31, 2019 August 31, 2019 May 25, 2019 February 23, 2019 November 24, 2018 Net sales $ 523,758 $ 139,184 $ 139,468 $ 123,800 $ 121,306 Gross profit (1) $ 217,683 $ 59,173 $ 56,657 $ 49,655 $ 52,198 Income from operations $ 72,673 $ 12,115 $ 20,510 $ 19,002 $ 21,046 Net (loss) income $ (25,234) $ (42,231) $ 5,859 $ 7,112 $ 4,026 Earnings (loss) per share: Basic $ (0.31) $ (0.52) $ 0.07 $ 0.09 $ 0.05 Diluted $ (0.31) $ (0.52) $ 0.07 $ 0.09 $ 0.05 (1) During the fifty-three weeks period ended August 31, 2019, certain reclassifications were made to previously reported amounts to conform to the current presentation. On the consolidated statement of operations, inbound freight previously included in Distribution, distribution center expenses previously included in General and administrative , and depreciation for equipment used in warehouse operations were reclassified to Cost of goods sold . Including these expenses in Cost of goods sold better aligned costs with the related revenue. As a result, the first three quarters of fiscal year 2019 have been adjusted on a retrospective basis to reflect the reclassification. For additional information on the change in accounting principle, see Note 3. Earnings per common share amounts are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share amounts may not equal the quarterly earnings per share amounts or the annual earnings per share amounts due to rounding. The restated amounts presented above are inclusive of fair market value adjustments, disclosed in detail below. Restatement of previously issued Unaudited Consolidated Financial Statements In lieu of filing amended Quarterly Reports on Form 10-Q, the following tables represent the Company’s restated unaudited consolidated financial statements for each of the fiscal quarters during the fiscal years ended August 29, 2020 and August 31, 2019. Regarding the statement of cash flows, the adjustments presented below to net income were offset by adjustments for the same amount within non-cash operating activities, and therefore the Restatement had no effect on total net cash flows from operating, investing or financing activities for the restated periods. See Note 2, Restatement of Previously Issued Consolidated Financial Statements, for additional information. The restated consolidated financial statement tables present a reconciliation from prior periods, as previously reported, to the restated amounts. The amounts as previously reported were derived from the Company’s Quarterly Reports on Form 10-Q for the interim periods of 2020 and 2019 and from the Annual Report on Form 10-K for the fiscal year ended August 29, 2020. The effects of this error on the previously reported 2020 quarterly Condensed Consolidated Balance Sheets are as follows: As Previously Reported Adjustments As Restated (In thousands) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Warrant liability $ — $ — $ — $ — $ 111,268 $ 73,624 $ 41,921 $ 93,638 $ 111,268 $ 73,624 $ 41,921 $ 93,638 Total liabilities 832,380 804,315 824,495 775,474 111,268 73,624 41,921 93,638 943,648 877,939 866,416 869,112 Additional paid-in-capital 1,084,671 1,087,506 1,089,652 1,094,507 (18,035) (18,035) (18,035) (18,035) 1,066,636 1,069,471 1,071,617 1,076,472 Retained earnings (accumulated deficit) 101,037 111,694 128,103 140,530 (93,233) (55,589) (23,886) (75,603) 7,804 56,105 104,217 64,927 Total stockholders' equity 1,183,681 1,197,033 1,215,649 1,232,971 (111,268) (73,624) (41,921) (93,638) 1,072,413 1,123,409 1,173,728 1,139,333 Total liabilities and stockholders' equity $ 2,016,061 $ 2,001,348 $ 2,040,144 $ 2,008,445 $ — $ — $ — $ — $ 2,016,061 $ 2,001,348 $ 2,040,144 $ 2,008,445 The effects of this error on the previously reported 2020 quarterly Condensed Consolidated Statements of Comprehensive Income (Loss) on a quarter-to-date basis are as follows: As Previously Reported Adjustments As Restated (In thousands, except share data) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gain (loss) in fair value change of warrant liability $ — $ — $ — $ — $ 13,308 $ 37,644 $ 31,703 $ (51,717) $ 13,308 $ 37,644 $ 31,703 $ (51,717) Total other (expense) income (3,537) (10,690) (8,654) (7,317) 13,308 37,644 31,703 (51,717) 9,771 26,954 23,049 (59,034) (Loss) income before income taxes (6,522) 14,579 22,454 17,515 13,308 37,644 31,703 (51,717) 6,786 52,223 54,157 (34,202) Net (loss) income (4,793) 10,657 16,409 12,427 13,308 37,644 31,703 (51,717) 8,515 48,301 48,112 (39,290) Comprehensive (loss) income $ (4,793) $ 10,516 $ 16,470 $ 12,464 $ 13,308 $ 37,644 $ 31,703 $ (51,717) $ 8,515 $ 48,160 $ 48,173 $ (39,253) Earnings (loss) per share: Basic $ (0.05) $ 0.11 $ 0.17 $ 0.13 $ 0.14 $ 0.40 $ 0.33 $ (0.54) $ 0.09 $ 0.51 $ 0.50 $ (0.41) Diluted $ (0.05) $ 0.11 $ 0.17 $ 0.12 $ — $ — $ — $ (0.53) $ (0.05) $ 0.11 $ 0.17 $ (0.41) The effects of this error on the previously reported 2020 quarterly Condensed Consolidated Statements of Comprehensive Income (Loss) on a year-to-date basis are as follows: As Previously Reported Adjustments As Restated (In thousands, except share data) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gain (loss) in fair value change of warrant liability $ — $ — $ — $ — $ — $ 13,308 $ 50,952 $ 82,655 $ 30,938 $ 13,308 $ 50,952 $ 82,655 $ 30,938 Total other (expense) income (3,537) (14,227) (22,881) (30,198) 13,308 50,952 82,655 30,938 9,771 36,725 59,774 740 (Loss) income before income taxes (6,522) 8,057 30,511 48,026 13,308 50,952 82,655 30,938 6,786 59,009 113,166 78,964 Net (loss) income (4,793) 5,864 22,273 34,700 13,308 50,952 82,655 30,938 8,515 56,816 104,928 65,638 Comprehensive (loss) income $ (4,793) $ 5,723 $ 22,193 $ 34,657 $ 13,308 $ 50,952 $ 82,655 $ 30,938 $ 8,515 $ 56,675 $ 104,848 $ 65,595 Earnings (loss) per share: Basic $ (0.05) $ 0.06 $ 0.24 $ 0.37 $ 0.14 $ 0.55 $ 0.88 $ 0.33 $ 0.09 $ 0.61 $ 1.12 $ 0.70 Diluted $ (0.05) $ 0.06 $ 0.23 $ 0.35 $ — $ — $ — $ — $ (0.05) $ 0.06 $ 0.23 $ 0.35 The effects of this error on the previously reported 2019 quarterly Condensed Consolidated Balance Sheets are as follows: As Previously Reported Adjustments As Restated (In thousands) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Warrant liability $ — $ — $ — $ — $ 63,037 $ 68,647 $ 76,254 $ 124,576 $ 63,037 $ 68,647 $ 76,254 $ 124,576 Total liabilities 282,773 289,005 294,623 304,206 63,037 68,647 76,254 124,576 345,810 357,652 370,877 428,782 Additional paid-in-capital 728,864 730,584 732,181 733,775 (18,035) (18,035) (18,035) (18,035) 710,829 712,549 714,146 715,740 Retained earnings (accumulated deficit) 73,551 86,273 99,739 105,830 (45,002) (50,612) (58,219) (106,541) 28,549 35,661 41,520 (711) Total stockholders' equity 802,578 816,714 829,986 837,444 (63,037) (68,647) (76,254) (124,576) 739,541 748,067 753,732 712,868 Total liabilities and stockholders' equity $ 1,085,351 $ 1,105,719 $ 1,124,609 $ 1,141,650 $ — $ — $ — $ — $ 1,085,351 $ 1,105,719 $ 1,124,609 $ 1,141,650 The effects of this error on the previously reported 2019 Condensed Consolidated Statements of Comprehensive Income (Loss) on a quarter-to-date basis are as follows: As Previously Reported Adjustments As Restated (In thousands, except share data) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net sales $ 120,931 $ 123,800 $ 139,468 $ 139,184 $ 375 $ — $ — $ — $ 121,306 $ 123,800 $ 139,468 $ 139,184 Cost of goods sold 69,011 74,145 82,811 80,011 97 — — — 69,108 74,145 82,811 80,011 Gross profit 51,920 49,655 56,657 59,173 278 — — — 52,198 49,655 56,657 59,173 Selling and marketing 15,319 14,729 17,550 19,890 206 — — — 15,525 14,729 17,550 19,890 General and administrative 11,998 13,732 15,947 20,295 208 — — — 12,206 13,732 15,947 20,295 Total operating expenses 30,738 30,653 36,147 47,058 414 — — — 31,152 30,653 36,147 47,058 Income from operations 21,182 19,002 20,510 12,115 (136) — — — 21,046 19,002 20,510 12,115 (Loss) gain in fair value change of warrant liability — — — — — (11,134) (5,610) (7,607) (48,322) (11,134) (5,610) (7,607) (48,322) Total other (expense) income (1,300) (2,253) (2,460) (2,510) (11,134) (5,610) (7,607) (48,322) (12,434) (7,863) (10,067) (50,832) Income before income taxes 19,882 16,749 18,050 9,605 (11,270) (5,610) (7,607) (48,322) 8,612 11,139 10,443 (38,717) Income tax expense (benefit) 4,625 4,027 4,584 3,514 (39) — — — 4,586 4,027 4,584 3,514 Net income (loss) 15,257 12,722 13,466 6,091 (11,231) (5,610) (7,607) (48,322) 4,026 7,112 5,859 (42,231) Comprehensive income (loss) $ 15,399 $ 12,543 $ 13,212 $ 6,344 $ (11,231) $ (5,610) $ (7,607) $ (48,322) $ 4,168 $ 6,933 $ 5,605 $ (41,978) Earnings (loss) per share: Basic $ 0.20 $ 0.16 $ 0.16 $ 0.07 $ (0.15) $ (0.07) $ (0.09) $ (0.59) $ 0.05 $ 0.09 $ 0.07 $ (0.52) Diluted $ 0.18 $ 0.15 $ 0.16 $ 0.07 $ (0.13) $ (0.06) $ (0.09) $ (0.59) $ 0.05 $ 0.09 $ 0.07 $ (0.52) The effects of this error on the previously reported 2019 quarterly Condensed Consolidated Statements of Comprehensive Income (Loss) on a year-to-date basis are as follows: As Previously Reported Adjustments As Restated (In thousands, except share data) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net sales $ 120,931 $ 244,731 $ 384,199 $ 523,383 $ 375 $ 375 $ 375 $ 375 $ 121,306 $ 245,106 $ 384,574 $ 523,758 Cost of goods sold 69,011 143,156 225,967 305,978 97 97 97 97 69,108 143,253 226,064 306,075 Gross profit 51,920 101,575 158,232 217,405 278 278 278 278 52,198 101,853 158,510 217,683 Selling and marketing 15,319 30,048 47,598 67,488 206 206 206 206 15,525 30,254 47,804 67,694 General and administrative 11,998 25,730 41,677 61,972 208 208 208 208 12,206 25,938 41,885 62,180 Total operating expenses 30,738 61,391 97,538 144,596 414 414 414 414 31,152 61,805 97,952 145,010 Income from operations 21,182 40,184 60,694 72,809 (136) (136) (136) (136) 21,046 40,048 60,558 72,673 (Loss) gain in fair value change of warrant liability — — — — — (11,134) (16,744) (24,351) (72,673) (11,134) (16,744) (24,351) (72,673) Total other (expense) income (1,300) (3,553) (6,013) (8,523) (11,134) (16,744) (24,351) (72,673) (12,434) (20,297) (30,364) (81,196) Income before income taxes 19,882 36,631 54,681 64,286 (11,270) (16,880) (24,487) (72,809) 8,612 19,751 30,194 (8,523) Income tax expense (benefit) 4,625 8,652 13,236 16,750 (39) (39) (39) (39) 4,586 8,613 13,197 16,711 Net income (loss) 15,257 27,979 41,445 47,536 (11,231) (16,841) (24,448) (72,770) 4,026 11,138 16,997 (25,234) Comprehensive income (loss) $ 15,399 $ 27,942 $ 41,154 $ 47,498 $ (11,231) $ (16,841) $ (24,448) $ (72,770) $ 4,168 $ 11,101 $ 16,706 $ (25,272) Earnings (loss) per share: Basic $ 0.20 $ 0.35 $ 0.52 $ 0.59 $ (0.15) $ (0.21) $ (0.31) $ (0.90) $ 0.05 $ 0.14 $ 0.21 $ (0.31) Diluted $ 0.18 $ 0.33 $ 0.49 $ 0.56 $ (0.13) $ (0.19) $ (0.28) $ (0.87) $ 0.05 $ 0.14 $ 0.21 $ (0.31)

Subsequent Events

Subsequent Events	12 Months Ended
	Aug. 29, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events    Effective September 24, 2020, the Company sold the assets exclusively related to its SimplyProtein® brand of products for approximately $8.8 million of consideration, including cash of $5.8 million and a note receivable for $3.0 million, to a newly formed entity led by the Company’s Canadian-based management team who had been responsible for this brand prior to the sale transaction. In addition to purchasing these assets, the buyer assumed certain liabilities related to the SimplyProtein brand’s business. The transaction enables management to focus its full time and Company’s resources on its core Atkins® and Quest® branded businesses and other strategic initiatives.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	12 Months Ended
	Aug. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The Company maintains its accounting records on a 52/53-week fiscal year, ending on the last Saturday in August. The financial information presented within the Company's consolidated financial statements has been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The accompanying financial statements include Consolidated Balance Sheets for the periods ended August 29, 2020 and August 31, 2019. The remaining financial statements include the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, and the fifty-two week period ended August 25, 2018. As discussed in Note 2, Restatement of Previously Issued Consolidated Financial Statements, the consolidated financial statements have been restated to reflect certain warrants as liabilities rather than equity. The consolidated financial statements include the accounts of the Company 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 on a consolidated basis.
Reclassification of Prior Year Amounts	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 expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss) and (ii) Other operating expense , which has been combined with General and administrative expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Business Combinations	Business Combination On November 7, 2019, pursuant to the Purchase Agreement, the Company completed the Acquisition of Quest for a cash purchase price of approximately $1.0 billion, subject to customary post-closing adjustments. The Acquisition of Quest was accounted for using the acquisition method of accounting prescribed by ASC Topic 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. Additionally, assets acquired and liabilities assumed were recognized at their fair values based on widely accepted valuation techniques in accordance with ASC Topic 820, Fair Value Measurements, as of the closing date. The process for estimating fair values requires the use of significant estimates, assumptions and judgments, including determining the timing and estimates of future cash flows and developing appropriate discount rates. 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. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed as of acquisition date. The Company expects to complete the final fair value determination of the assets acquired and liabilities assumed as soon as practicable within the measurement period, but not to exceed one year from the acquisition date.
Fair Value Measurements	Fair Value Measurements Fair value represents the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Assets and liabilities are valued based upon observable and non-observable inputs. Valuations using Level 1 inputs are based on unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date. Level 2 inputs utilize significant
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, deposits available on demand and other short-term, highly liquid investments with original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value.
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net consists primarily of trade receivables, net of allowances for doubtful accounts, returns and trade promotions. The Company sells its products for cash or on credit terms, which are established in accordance with local and industry practices and typically require payment within 30 days of delivery and may allow discounts for early payment. The Company estimates an allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information and an analysis of customer data. Accounts receivable are written off when determined to be uncollectible. At August 29, 2020 and August 31, 2019, the allowance for doubtful accounts was $0.5 million and $0.6 million, respectively.
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value on a first-in, first-out basis, adjusted for the value of inventory that is determined to be excess, obsolete, expired or unsaleable. Obsolete inventory is reserved at 50% for inventory four to six months from expiration, and 100% for items within three months of expiration. Reserves are also taken for certain products or packaging materials when it is determined their cost may not be recoverable. At August 29, 2020 and August 31, 2019, the provision for obsolete inventory was $0.5 million and $0.4 million, respectively.
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net is stated at the allocated fair value for acquired assets. Additions to property and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives. The general ranges of estimated useful lives are: Furniture and fixtures 7 years Computer equipment, software and website development costs 3 - 5 years Machinery and equipment 7 years Office equipment 3 - 5 years Leasehold improvements are amortized over the shorter of the remaining term of the lease or the useful life of the improvement utilizing the straight-line method. The Company performs impairment tests for Property and equipment, net when circumstances indicate that the carrying value of the asset may not be recoverable. There were no indicators of impairment in the fifty-two week period ended August 29, 2020, the fifty-three week period ended August 31, 2019, or the fifty-two week period ended August 25, 2018.
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Goodwill and Intangible assets, net result primarily from the Acquisition of Atkins and other acquisitions. Intangible assets primarily include brands and trademarks with indefinite lives and customer-related relationships with finite lives. Upon acquisition, the purchase price is first allocated to identifiable assets and liabilities, including customer-related intangible assets and trademarks, with any remaining purchase price recorded as Goodwill . Goodwill and indefinite-lived intangible assets are not amortized but instead are tested for impairment at least annually, or more frequently if indicators of impairment exist. The Company conducts its annual impairment tests at the beginning of the fourth fiscal quarter. Goodwill and indefinite-lived intangible assets are assessed using either a qualitative or quantitative approach to determine whether it is more likely than not that the fair values of the reporting units are less than their carrying amounts. The qualitative assessment evaluates factors including macro-economic conditions, industry-specific and company-specific considerations, legal and regulatory environments, and historical performance. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment is performed. Otherwise, no further assessment is required. The quantitative approach compares the estimated fair value of the reporting unit to its carrying amount, including goodwill. Impairment is indicated if the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, and an impairment charge is recognized for the differential. For fiscal year 2020, the Company elected to perform both qualitative and quantitative assessments of its goodwill and indefinite-lived intangible assets. During the fourth quarter of fiscal 2020, the Company determined there were indicators of impairment related to the SimplyProtein brand intangible asset. Therefore, the Company performed a quantitative assessment of its brand intangible asset, which indicated the fair value exceeded the carrying value, resulting in a loss on impairment of $3.0 million in the fifty-two week period ended August 29, 2020. There were no impairment charges related to goodwill in the fifty-two week period ended August 29, 2020. Additionally, for fiscal year 2019, we elected to perform quantitative assessments of goodwill and indefinite-lived intangible assets. No impairment charges related to goodwill or indefinite-lived intangibles were recognized in the fifty-three week period ended August 31, 2019. The Company performed qualitative assessments of goodwill and indefinite-lived intangible assets for fiscal year 2018. The qualitative assessments determined that it was more likely than not the reporting unit, brands and trademarks had a fair value in excess of their carrying value. Accordingly, no further impairment assessment was necessary, and no impairment charges related to goodwill or indefinite-lived intangibles were recognized in the fifty-two week period ended August 25, 2018. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described in the “Property and Equipment, Net” significant accounting policy.
Deferred Financing Costs and Debt Discounts	Deferred Financing Costs and Debt Discounts Costs incurred in obtaining long-term financing paid to parties other than creditors are considered a deferred financing cost and are amortized over the terms of the long-term financing agreements using the effective-interest method. Amounts paid to creditors are recorded as a reduction in the proceeds received by the creditor and are considered a discount on the issuance of debt.
Income Taxes	Income Taxes Income taxes include federal, state and foreign taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. Deferred tax assets and liabilities are determined based on the differences between the financial statement balances and the tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the fiscal year that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to amounts expected to be realized.
Leases	Leases Contracts are evaluated to determine whether they contain a lease at inception. Leases are classified as either finance leases or operating leases based on criteria in ASC Topic 842, Leases. The Company’s operating leases are generally comprised of real estate and certain equipment used in warehousing 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. The Company's incremental borrowing rate for a lease is the rate of interest it 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 one year or less. The Company monitors for triggering events or conditions that require a reassessment of its leases. When the reassessment requires a re-measurement of the lease liability, a corresponding adjustment is made to the carrying amount of the right-of-use asset. Additionally, the Company reviewed for impairment indicators of its right-of-use assets and other long-lived assets as described in the “Property and Equipment, Net” significant accounting policy.
Warrant Accounting		Warrant Accounting The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued private placement stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480, Distinguishing Liabilities from Equity, and ASC 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is assessed as part of this evaluation. Prior to the Acquisition of Atkins, Conyers Park issued 13,416,667 public warrants and 6,700,000 Private Warrants. The Company assumed the Conyers Park warrants to purchase common stock 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. Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share. The warrants became exercisable 30 days after the completion of the Acquisition of Atkins and expire five years after that date, or earlier upon redemption or liquidation, as applicable. The assumed 13,416,667 public warrants qualified for equity classification until the warrants were fully redeemed in fiscal 2019. The 6,700,000 Private Warrants remain outstanding, and are precluded from equity classification, being liability-classified. The Company accounts for these Private Warrants as a derivative warrant liability in accordance with ASC 815-40. Accordingly, the Company recognizes the Private Warrants as a liability at fair value and adjusts the Private Warrants to fair value at each reporting period through other income. The fair value adjustments are determined by using a Black-Scholes option-pricing methodology. The valuation is primarily based on observable market data while the related theoretical private warrant volatility assumption within the Black-Scholes model represents a Level 3 measurement within the fair value measurement hierarchy. The periodic remeasurement of the Private Warrants is reflected in Gain (loss) in fair value change of warrant liability within the Consolidated Statements of Operations and Comprehensive Income (Loss).
Revenue Recognition	Revenue Recognition The Company recognizes revenue when performance obligations under the terms of a contract with its customer are satisfied. The Company has determined that fulfilling and delivering products is a single performance obligation. Revenue is recognized at the point in time when the Company has satisfied its performance obligation and the customer has obtained control of the products. This generally occurs when the product is delivered to or picked up by the customer based on applicable shipping terms, which is typically within 30 days. Revenue is measured as the amount of consideration expected to be received in exchange for fulfilled product orders, including estimates of variable consideration. The most common forms of variable consideration include trade promotions, such as consumer incentives, coupon redemptions and other marketing activities, allowances for unsaleable product, and any additional amounts where a distinct good or service cannot be identified or the value cannot be reasonably estimated. Trade promotions are recorded as a reduction to net sales with a corresponding reduction to accounts receivable at the time of revenue recognition for the underlying sale. The recognition of trade promotions requires management to make estimates regarding the volume of incentive that will be redeemed and their total cost. At August 29, 2020 and August 31, 2019, the allowance for trade promotions was $25.2 million and $10.3 million, respectively. Estimates of variable consideration are made using various information including historical data on performance of similar trade promotional activities, market data from IRI, and the Company’s best estimate of current activity. The Company reviews these estimates regularly and makes 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 the Company's 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. The Company provides standard assurance type warranties that its products will comply with all agreed-upon specifications. No services beyond an assurance type warranty are provided to 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 at the time of sale, if necessary. The Company's 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 the Company's payment terms are less than 60 days. As a result, revenue is not adjusted for the effects of a significant financing component. Amounts billed and due from customers are classified as Accounts receivable, net on the Consolidated Balance Sheets. The Company utilizes third-party contract manufacturers for the manufacture of its products. The Company has evaluated whether the it 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. In accordance with ASC Topic 606, Revenue from Contracts with Customers, the Company has elected the practical expedient to expense the incremental costs to obtain a contract, because the amortization period would be less than one year, and the practical expedient for shipping and handling costs. Shipping and handling costs incurred to deliver products to customers are accounted for as fulfillment activities, rather than a promised service, and as such are included in Cost of goods sold in the Consolidated Statements of Operations and Comprehensive Income (Loss). Revenues from transactions with external customers for each of the Company's products would be impracticable to disclose and management does not view its business by product line. For revenue disaggregated by geographic area and brand refer to Note 18, Segment and Customer Information.
Cost of Goods Sold	Cost of Goods Sold Costs of goods sold represent costs directly related to the manufacture and distribution of the Company's products. Such costs include raw materials, co-manufacturing costs, packaging, shipping and handling, third-party distribution and depreciation of distribution center equipment and leasehold improvements.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs include costs paid to third-party warehouse operators associated with delivering product to customers and depreciation and amortization of assets at the third-party warehouse. Shipping and handling costs are recognized in Cost of goods sold . Costs of $49.8 million for the fifty-two week period ended August 29, 2020, $32.3 million for the fifty-three week period ended August 31, 2019, and $27.2 million for the fifty-two week period ended August 25, 2018 were recorded relating to products shipped to customers.
Advertising Cost	Advertising Costs Production costs related to television commercials are expensed when first aired. All other advertising costs are expensed when incurred through Selling and marketing . Total advertising costs were $55.3 million for the fifty-two week period ended August 29, 2020, $35.4 million for the fifty-three week period ended August 31, 2019, and $34.0 million for the fifty-two week period ended August 25, 2018. Production costs related to television commercials not yet aired are included in Prepaid expenses in the accompanying Consolidated Balance Sheets. There were no productions costs related to television commercials not yet aired at August 29, 2020 or August 31, 2019.
Research and Development Expense	Research and Development Activities The Company’s research and development activities primarily consist of generating and testing new product concepts, new flavors and packaging. The Company expenses research and development costs as incurred related to compensation, facility costs, consulting and supplies. Research and development activities are primarily internal and associated costs are included in General and administrative . The Company’s total research and development expenses were $4.0 million for the fifty-two week period ended August 29, 2020, $2.2 million for the fifty-three week period ended August 31, 2019, and $2.5 million for the fifty-two week period ended August 25, 2018.
Share-Based Compensation	Share-Based Compensation The Company uses share-based compensation, including stock options, restricted stock units and performance stock units, to provide long-term performance incentives for its employees and directors. Share-based compensation is recognized on a straight-line basis over the requisite service period of the award based on their grant-date fair value. Forfeitures are recognized as they occur. Share-based compensation expense is included in General and administrative.
Defined Contribution Plan	Defined Contribution Plan The Company sponsors defined contribution plans to provide retirement benefits to its employees. The Company's 401(k) plan and similar plans for non-domestic employees are based on a portion of eligible pay up to a defined maximum. All matching contributions are made in cash. Expense associated with defined contribution plans was $1.3 million for the fifty-two week period ended August 29, 2020, $0.6 million for the fifty-three week period ended August 31, 2019, and $0.4 million for the fifty-two week period ended August 25, 2018.
Foreign Currency Translations	Foreign Currency Translation For all foreign operations, the functional currency is the local currency. Assets and liabilities of these operations are translated into U.S. dollars using the exchange rate in effect at the end of each reporting period. Income statement accounts are translated at the average exchange rate prevailing during each reporting period. Translation adjustments are recorded as a component of Other comprehensive income (loss) . Gains or losses resulting from transactions in foreign currencies are included in Other income (expense) .
Recently Issued and Adopted Accounting Pronouncements	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 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 December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which amends the existing guidance relating to the accounting for income taxes. This ASU is intended to simplify the accounting for income taxes by removing certain exceptions to the general principles of accounting for income taxes and to improve the consistent application of U.S. GAAP for other areas of accounting for income taxes by clarifying and amending existing guidance. This ASU is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The Company does not expect that the adoption of this new guidance will have a material effect on 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 Sheets: 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 Sheets 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 12. 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.

Accounting Changes and Error _2

Accounting Changes and Error Corrections (Tables)	12 Months Ended
	Aug. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement of previously issued balance sheets	Consolidated Balance Sheet August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Total assets $ 2,008,445 $ — $ 2,008,445 Warrant liability — 93,638 93,638 Total liabilities 775,474 93,638 869,112 Additional paid-in-capital 1,094,507 (18,035) 1,076,472 Retained earnings 140,530 (75,603) 64,927 Total stockholders’ equity 1,232,971 (93,638) 1,139,333 Total liabilities and stockholders’ equity $ 2,008,445 $ — $ 2,008,445 Consolidated Balance Sheet August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment As Restated Total assets $ 1,141,650 $ — $ 1,141,650 Warrant liability — 124,576 124,576 Total liabilities 304,206 124,576 428,782 Additional paid-in-capital 733,775 (18,035) 715,740 Retained earnings (accumulated deficit) 105,830 (106,541) (711) Total stockholders’ equity 837,444 (124,576) 712,868 Total liabilities and stockholders’ equity $ 1,141,650 $ — $ 1,141,650 Consolidated Statement of Operations and 52-Weeks Ended August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Income from operations $ 78,224 $ — $ 78,224 Gain in fair value change of warrant liability — 30,938 30,938 Total other (expense) income (30,198) 30,938 740 Income before income taxes 48,026 30,938 78,964 Income tax expense 13,326 — 13,326 Net income 34,700 30,938 65,638 Comprehensive income $ 34,657 $ 30,938 $ 65,595 As a result of the Restatement adjustments, basic earnings per share changed $0.33 per share, from $0.37 per share to $0.70 per share, and diluted earnings per share was unchanged. Consolidated Statement of Operations and 53-Weeks Ended August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Net sales $ 523,383 $ — $ 375 $ 523,758 Cost of goods sold 305,978 — 97 306,075 Gross profit 217,405 — 278 217,683 Selling and marketing 67,488 — 206 67,694 General and administrative 61,972 — 208 62,180 Total operating expenses 144,596 — 414 145,010 Income from operations 72,809 — (136) 72,673 Loss in fair value change of warrant liability — (72,673) — (72,673) Total other expense (8,523) (72,673) — (81,196) Income (loss) before income taxes 64,286 (72,673) (136) (8,523) Income tax expense 16,750 — (39) 16,711 Net income (loss) 47,536 (72,673) (97) (25,234) Comprehensive income (loss) $ 47,498 $ (72,673) $ (97) $ (25,272) As a result of the Restatement adjustments, basic earnings per share decreased by $0.90 per share, from $0.59 per share to a loss per share of $0.31, and diluted earnings per share decreased $0.87 per share, from $0.56 per share to a loss per share of $0.31. Consolidated Statement of Operations and Comprehensive Income (Loss) 52-Weeks Ended August 25, 2018 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Net sales $ 431,429 $ — $ 6,425 $ 437,854 Cost of goods sold 251,063 — 3,903 254,966 Gross profit 180,366 — 2,522 182,888 Selling and marketing 59,092 — 94 59,186 General and administrative 49,635 — (208) 49,427 Total operating expenses 115,636 — (114) 115,522 Income from operations 64,730 — 2,636 67,366 Loss in fair value change of warrant liability — (34,391) — (34,391) Total other expense (11,639) (34,391) — (46,030) Income before income taxes 53,091 (34,391) 2,636 21,336 Income tax benefit (17,364) — 1,314 (16,050) Net income 70,455 (34,391) 1,322 37,386 Comprehensive income $ 69,638 $ (34,391) $ 1,322 $ 36,569 As a result of the Restatement adjustments, basic earnings per share declined $0.47, from $1.00 per share to $0.53 per share, and diluted earnings per share changed $0.45 per share, from $0.96 per share to $0.51 per share. 52-Weeks Ended Consolidated Statement of Cash Flows August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Operating activities Net income $ 34,700 $ 30,938 $ 65,638 Adjustments to reconcile net income to net cash provided by operating activities: Gain in fair value change of warrant liability — (30,938) (30,938) Net cash provided by operating activities $ 58,921 $ — $ 58,921 53-Weeks Ended Consolidated Statement of Cash Flows August 31, 2019 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Operating activities Net income (loss) $ 47,536 $ (72,673) $ (97) $ (25,234) Adjustments to reconcile net income to net cash provided by operating activities: Loss in fair value change of warrant liability — 72,673 — 72,673 Deferred income taxes 10,908 — (39) 10,869 Changes in operating assets and liabilities, net of acquisition: Accounts receivable, net (7,985) (375) (8,360) Inventories (8,272) 94 (8,178) Accrued expenses and other current liabilities 13,961 — 417 14,378 Net cash provided by operating activities $ 73,042 $ — $ — $ 73,042 52-Weeks Ended Consolidated Statement of Cash Flows August 25, 2018 (In thousands) As Previously Reported Restatement Adjustment Other Adjustments As Restated Operating activities Net income $ 70,455 $ (34,391) $ 1,322 $ 37,386 Adjustments to reconcile net income to net cash provided by operating activities: Loss in fair value change of warrant liability — 34,391 — 34,391 Deferred income taxes (21,108) — 764 (20,344) Changes in operating assets and liabilities, net of acquisition: Accounts receivable, net 267 — (6,425) (6,158) Inventories (1,081) — 3,506 2,425 Accrued expenses and other current liabilities 1,962 — 833 2,795 Net cash provided by operating activities $ 61,038 $ — $ — $ 61,038 Consolidated Statement of Stockholders’ Equity August 29, 2020 (In thousands) As Previously Reported Restatement Adjustment As Restated Additional paid-in-capital $ 1,094,507 $ (18,035) $ 1,076,472 Net income 34,700 30,938 65,638 Retained earnings 140,530 (75,603) 64,927 Total stockholders’ equity $ 1,232,971 $ (93,638) $ 1,139,333 Consolidated Statement of Stockholders’ Equity August 31, 2019 (In thousands) As Previously Reported Restatement Adjustments As Restated Additional paid-in-capital $ 733,775 $ (18,035) $ 715,740 Net income (loss) 47,536 (72,673) (25,234) Retained earnings (accumulated deficit) 105,830 (106,541) (711) Total stockholders’ equity $ 837,444 $ (124,576) $ 712,868 Consolidated Statement of Stockholders’ Equity August 25, 2018 (In thousands) As Previously Reported Restatement Adjustments As Restated Additional paid-in-capital $ 614,399 $ (18,035) $ 596,364 Net income 70,455 (34,391) 37,386 Retained earnings 58,294 (33,771) 24,523 Total stockholders’ equity $ 672,601 $ (51,806) $ 620,795 Consolidated Statement of Stockholders’ Equity August 26, 2017 (In thousands) As Previously Reported Restatement Adjustment As Restated Additional paid-in-capital $ 610,138 $ (18,035) $ 592,103 Retained earnings (accumulated deficit) (12,161) (702) (12,863) Total stockholders’ equity $ 598,702 $ (18,737) $ 579,965

Change in Accounting Principl_2

Change in Accounting Principle (Tables)	12 Months Ended
	Aug. 29, 2020
Change in Accounting Principle [Abstract]
Change in Accounting Principle	The effect of the adjustment is as follows in thousands: Fifty-Two Weeks Ended August 25, 2018 As Reported Change in Accounting Principle and Presentation Other Operating Expense (1) As Adjusted Other Adjustments (2) As Restated (3) Cost of goods sold $ 223,873 $ 27,190 $ — $ 251,063 $ 3,903 $ 254,966 Distribution 19,685 (19,685) — — — — General and administrative 56,333 (7,331) 633 49,635 (208) 49,427 Depreciation and amortization $ 7,672 $ (174) $ — $ 7,498 $ — $ 7,498

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Aug. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and equipment, useful lives	The general ranges of estimated useful lives are: Furniture and fixtures 7 years Computer equipment, software and website development costs 3 - 5 years Machinery and equipment 7 years Office equipment 3 - 5 years

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Aug. 29, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions	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. The preliminary purchase price allocation may be adjusted as a result of the finalization of the Company’s 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 3,812 Property and equipment, net (1) 9,843 Intangible assets, net (2) 868,375 Other long-term assets 20,997 Liabilities assumed: Accounts payable 25,200 Other current liabilities 11,237 Deferred income taxes (3) 10,754 Other long-term liabilities 18,891 Total identifiable net assets 913,473 Goodwill (4) 73,347 Total assets acquired and liabilities assumed $ 986,820
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: 52-Weeks Ended (In thousands) August 29, 2020 Net sales $ 286,803
Pro Forma Acquisition Information	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: 52-Weeks Ended 53-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 Net sales $ 885,044 $ 832,629 Gross profit 355,395 317,758 Net income (loss) $ 90,028 $ (42,627)

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Aug. 29, 2020
Property, Plant and Equipment [Abstract]
Property and equipment	Property and equipment, net, as presented with the Consolidated Balance Sheets, are summarized as follows: (In thousands) August 29, 2020 August 31, 2019 Furniture and fixtures $ 3,197 $ 715 Computer equipment and software 1,062 956 Machinery and equipment 1,135 385 Website development costs — 2,237 Leasehold improvements 8,137 361 Finance lease right-of-use-assets 1,185 — Construction in progress — 139 Property and equipment, gross 14,716 4,793 Less: accumulated depreciation (2,866) (2,337) Property and equipment, net $ 11,850 $ 2,456

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Aug. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes to Goodwill during the fifty-two week period ended August 29, 2020 were as follows: (In thousands) Goodwill Balance as of August 31, 2019 $ 471,427 Acquisition of business 73,347 Balance as of August 29, 2020 $ 544,774
Schedule of Finite-Lived Intangible Assets	Intangible assets, net in the Consolidated Balance Sheets consist of the following: August 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 979,000 $ — $ 979,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 18,503 155,497 Proprietary recipes and formulas 7 years 7,000 3,131 3,869 Licensing agreements 14 years 22,000 4,920 17,080 Software and website development costs 3 - 5 years 5,967 2,645 3,322 $ 1,187,967 $ 29,199 $ 1,158,768 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 the Consolidated Balance Sheets consist of the following: August 29, 2020 (In thousands) Useful life Gross carrying amount Accumulated amortization Net carrying amount Intangible assets with indefinite life: Brands and trademarks Indefinite life $ 979,000 $ — $ 979,000 Intangible assets with finite lives: Customer relationships 15 years 174,000 18,503 155,497 Proprietary recipes and formulas 7 years 7,000 3,131 3,869 Licensing agreements 14 years 22,000 4,920 17,080 Software and website development costs 3 - 5 years 5,967 2,645 3,322 $ 1,187,967 $ 29,199 $ 1,158,768 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) Amortization 2021 $ 15,446 2022 15,212 2023 14,938 2024 14,281 2025 13,171 Thereafter 106,720 Total $ 179,768

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Aug. 29, 2020
Accrued Liabilities, Current [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accrued expenses and other current liabilities in the Consolidated Balance Sheets were comprised of the following: (In thousands) August 29, 2020 August 31, 2019 Accrued professional fees $ 3,125 $ 8,903 Accrued advertising allowances and claims 2,625 2,095 Accrued bonus expenses 12,261 10,908 Accrued freight expenses 1,795 1,791 Accrued payroll-related expenses 2,179 841 Accrued commissions 1,789 932 Income taxes payable 839 382 VAT payable 2,367 1,787 Accrued restructuring 4,139 — Other accrued expenses 2,559 2,294 Current operating lease liabilities 4,329 — Accrued expenses and other current liabilities $ 38,007 $ 29,933

Long-Term Debt and Line of Cr_2

Long-Term Debt and Line of Credit (Tables)	12 Months Ended
	Aug. 29, 2020
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: (In thousands) August 29, 2020 August 31, 2019 Term Facility (effective rate of 4.8% at August 29, 2020) $ 606,500 $ 196,500 Finance lease liabilities (effective rate of 5.6% at August 29, 2020) 922 — Less: Deferred financing fees 10,272 5,565 Total debt 597,150 190,935 Less: Current maturities, net of deferred financing fees of $0.0 million at August 29, 2020 and $1.3 million at August 31, 2019, respectively — 676 Less: Current finance lease liabilities 271 — Long-term debt, net of deferred financing fees $ 596,879 $ 190,259
Principal maturities of debt	As of August 29, 2020, aggregate principal maturities of debt for each of the next five fiscal years and thereafter are as follows: (In thousands) Principal Maturities 2021 $ 236 2022 282 2023 262 2024 606,642 2025 — Total debt $ 607,422

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Tables)	12 Months Ended
	Aug. 29, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement Inputs and Valuation Techniques	August 29, 2020 August 31, 2019 August 25, 2018 Exercise Price $ 11.50 $ 11.50 $ 11.50 Stock Price $ 25.39 $ 29.63 $ 17.98 Dividend Yield — % — % — % Expected Term (in Years) 1.85 2.85 3.87 Risk-Free Interest Rate 0.14 % 1.43 % 2.68 % Expected Volatility 29.20 % 21.10 % 18.40 % Per Share Value of Warrants $ 13.98 $ 18.59 $ 7.75
Fair Value, Liabilities Measured on Recurring Basis	The following table presents changes in Level 3 liabilities measured at fair value for the year ended August 31, 2019: (In thousands) Private Warrants Balance at August 25, 2018 $ 51,903 Change in fair value of warrant liabilities 72,673 Balance at August 31, 2019 $ 124,576 The following table presents changes in Level 3 liabilities measured at fair value for the year ended August 29, 2020: (In thousands) Private Warrants Balance at August 31, 2019 $ 124,576 Change in fair value of warrant liabilities (30,938) Balance at August 29, 2020 $ 93,638

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Aug. 29, 2020
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The sources of income before income taxes are as follows: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Domestic $ 78,418 $ (8,565) $ 17,993 Foreign 546 42 3,343 Total income before income taxes $ 78,964 $ (8,523) $ 21,336
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense (benefit) was comprised of the following: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Current: Federal $ 3,056 $ 2,784 $ 3,134 State and local 1,835 2,684 159 Foreign 219 374 1,001 Total current expense $ 5,110 $ 5,842 $ 4,294 Deferred: Federal $ 6,747 $ 9,937 $ (20,459) State and local 1,637 1,086 (26) Foreign (168) (154) 141 Total deferred income tax expense (benefit) 8,216 10,869 (20,344) Total tax expense (benefit) $ 13,326 $ 16,711 $ (16,050)
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Statutory income tax expense: 21.0 % 21.0 % 25.5 % Change in fair value of warrant liabilities (10.8) (222.2) (42.5) State income tax expense, net of federal 5.0 3.9 3.1 Valuation allowance (1.2) (0.6) 0.6 Taxes on foreign income above the U.S. tax 0.1 0.2 0.4 Tax Cuts and Jobs Act — — (58.4) Change in tax rate 1.5 1.5 (4.0) Non-deductible transaction costs 0.1 — — TRA contingent consideration — (0.4) (1.5) Other permanent items 1.2 0.5 1.6 Income tax expense (benefit) 16.9 % (196.1) % (75.2) %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities at August 29, 2020 and August 31, 2019 were as follows: (In thousands) August 29, 2020 August 31, 2019 Deferred tax assets Accounts receivable allowances $ 2,427 $ 2,601 Inventories write-downs 92 67 Accrued expenses 3,968 3,680 Net operating loss carryforwards 3,837 4,179 Share-based compensation 2,770 1,755 Tax credits 256 351 Lease liabilities 6,785 — Other 3,714 2,247 Deferred tax assets 23,849 14,880 Valuation allowance (3,190) (3,786) Deferred tax asset, net of valuation allowance $ 20,659 $ 11,094 Deferred tax liabilities: Prepaid expense $ (514) $ (474) Excess tax over book depreciation (2,278) (169) Website development costs (816) (226) Intangible assets (94,398) (74,431) Lease right-of-use assets (6,442) — Other (563) (1,177) Deferred tax liabilities (105,011) (76,477) Net deferred tax liabilities $ (84,352) $ (65,383)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Aug. 29, 2020
Leases [Abstract]
Components of lease expense	The components of lease expense were as follows: 52-Weeks Ended (In thousands) Statement of Operations Caption August 29, 2020 Operating lease cost: Lease cost Cost of goods sold and General and administrative $ 5,242 Variable lease cost (1) Cost of goods sold and General and administrative 1,648 Operating lease cost $ 6,890 Short term lease cost General and administrative $ 30 Finance lease cost: Amortization of right-of use assets Cost of goods sold $ 273 Interest on lease liabilities Interest expense 60 Total finance lease cost $ 333 Total lease cost $ 7,253 (1) Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs.
Lease assets and liabilities	The gross amounts of assets and liabilities related to both operating and finance leases are as follows: (In thousands) Balance Sheet Caption August 29, 2020 Assets Operating lease right-of-use assets Other long-term assets $ 25,703 Finance lease right-of-use assets Property and equipment, net 912 Total lease assets $ 26,615 Liabilities Current: Operating lease liabilities Accrued expenses and other current liabilities $ 4,329 Finance lease liabilities Current maturities of long-term debt 271 Long-term: Operating lease liabilities Other long-term liabilities 22,764 Finance lease liabilities Long-term debt, less current maturities 651 Total lease liabilities $ 28,015
Future maturities of operating lease liabilities	Future maturities of lease liabilities as of August 29, 2020 were as follows: (In thousands) Operating Leases Finance Leases Fiscal year ending: 2021 $ 5,697 $ 313 2022 4,649 313 2023 4,114 278 2024 4,216 145 2025 3,765 — Thereafter 11,014 — Total lease payments 33,455 1,049 Less: Interest (6,362) (127) Present value of lease liabilities $ 27,093 $ 922
Future maturities of finance lease liabilities	Future maturities of lease liabilities as of August 29, 2020 were as follows: (In thousands) Operating Leases Finance Leases Fiscal year ending: 2021 $ 5,697 $ 313 2022 4,649 313 2023 4,114 278 2024 4,216 145 2025 3,765 — Thereafter 11,014 — Total lease payments 33,455 1,049 Less: Interest (6,362) (127) Present value of lease liabilities $ 27,093 $ 922
Weighted-average remaining lease terms and discount rates	The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases as of August 29, 2020 were as follows: Operating Leases Finance Leases Weighted-average remaining lease term (in years) 6.97 3.41 Weighted-average discount rate 5.7 % 5.6 %
Supplemental cash flow information related to leases	Supplemental and other information related to leases was as follows: 52-Weeks Ended (In thousands) August 29, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 6,534 Operating cash flows from finance leases 18 Financing cash flows from finance leases $ 338

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Aug. 29, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands, except share and per share data) August 29, 2020 August 31, 2019 August 25, 2018 Basic earnings per share computation: Numerator: Net income (loss) available to common stock stockholders $ 65,638 $ (25,234) $ 37,386 Denominator: Weighted average common shares - basic 93,968,953 80,734,091 70,582,149 Basic earnings (loss) per share from net income $ 0.70 $ (0.31) $ 0.53 Diluted earnings per share computation: Numerator: Net income (loss) available to common stock stockholders $ 65,638 $ (25,234) $ 37,386 Gain in fair value change of warrant liability (30,938) — — Numerator for diluted earnings per share 34,700 (25,234) 37,386 Denominator: Weighted average common shares outstanding - basic 93,968,953 80,734,091 70,582,149 Public warrants — — 2,111,561 Private Warrants 3,327,656 — — Employee stock options 1,001,542 — 43,779 Non-vested shares 45,571 — 49,354 Weighted average common shares - diluted 98,343,722 80,734,091 72,786,843 Diluted earnings (loss) per share from net income (loss) $ 0.35 $ (0.31) $ 0.51

Omnibus Incentive Plan (Tables)

Omnibus Incentive Plan (Tables)	12 Months Ended
	Aug. 29, 2020
Share-based Payment Arrangement [Abstract]
Schedule of stock options activity	The following table summarizes stock option activity for the fifty-two week period ended August 29, 2020: (In thousands, except share and per share data) Shares Weighted average Weighted average remaining contractual life Aggregate intrinsic Outstanding as of August 31, 2019 2,748,735 $ 13.35 8.13 $ 44,743 Granted 229,024 23.87 Exercised (340,382) 12.36 Forfeited (21,478) 21.92 Outstanding as of August 29, 2020 2,615,899 $ 14.33 7.29 $ 28,927 Vested and expected to vest as of August 29, 2020 2,615,899 $ 14.33 7.29 $ 28,927 Exercisable as of August 29, 2020 2,082,569 $ 12.65 7.00 $ 26,537
Schedule of stock option exercise price ranges	The following table summarizes information about stock options outstanding at August 29, 2020: Range of Exercise Prices Number Outstanding Weighted-Average Exercise Price Weighted-Average Remaining Life (Years) Number Exercisable Weighted-Average Exercise Price $ 12.00 - 14.99 1,938,833 $ 12.04 6.90 1,893,950 $ 12.02 $ 15.00 - 17.99 117,553 16.88 7.89 78,368 16.88 $ 18.00 - 20.99 293,465 19.89 8.02 94,507 19.89 $ 21.00 - 23.99 48,396 21.85 9.56 4,462 21.49 $ 24.00 - 26.99 217,652 24.19 8.91 11,282 24.08 2,615,899 $ 14.33 7.29 2,082,569 $ 12.65
Schedule of stock options valuation assumptions	The fair value of each option grant is estimated on the date of grant using the Black-Scholes Option Pricing Model based on the following assumptions: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended August 29, 2020 August 31, 2019 August 25, 2018 Expected volatility 30.27 % - 33.82% 29.30 % - 32.09% 26.72 % - 27.50% Expected dividend yield —% —% — % Expected option term 6 6 6 Risk-free rate of return 0.38 % - 1.8% 1.82 % - 3.13% 1.98 % - 2.79%
Schedule of restricted stock units activity	The following table summarizes restricted stock unit activity for the fifty-two week period ended August 29, 2020: Units Weighted average Non-vested as of August 31, 2019 92,400 $ 17.50 Granted 193,533 23.17 Vested (67,354) 17.07 Forfeited (10,556) 19.45 Non-vested as of August 29, 2020 208,023 $ 22.82
Schedule of non-vested performance-based units activity	The following table summarizes performance stock unit activity for the fifty-two week period ended August 29, 2020: Units Weighted average Non-vested as of August 31, 2019 192,389 $ 11.93 Granted 121,288 27.39 Vested — — Forfeited (18,421) 17.62 Non-vested as of August 29, 2020 295,256 $ 17.93
Schedule of stock appreciation rights activity	The following table summarizes SARs activity for the fifty-two week period ended August 29, 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 August 29, 2020 150,000 $ 24.20 9.18 Vested and expected to vest as of August 29, 2020 150,000 $ 24.20 9.18 Exercisable as of August 29, 2020 — $ — 0.00

Segment and Customer Informat_2

Segment and Customer Information (Tables)	12 Months Ended
	Aug. 29, 2020
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following is a summary of revenue disaggregated by geographic area and brand: 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended (In thousands) August 29, 2020 August 31, 2019 August 25, 2018 Net sales North America (1) $ 501,472 $ 498,571 $ 411,480 International (1) 28,366 25,187 26,374 Total Atkins 529,838 523,758 437,854 Quest (2) 286,803 — — Total $ 816,641 $ 523,758 $ 437,854 (1) The North America geographic area consists of net sales substantially related to the United States and there is no individual foreign country to which more than 10% of Company’s net sales are attributed or that is otherwise deemed individually material. (2) Quest net sales are primarily in North America. The following is a summary long lived assets by geographic area: (In thousands) August 29, 2020 August 31, 2019 Long lived assets North America (1) $ 11,841 $ 2,437 International (1) 9 19 Total $ 11,850 $ 2,456 (1) The North America geographic area consists of long-lived assets substantially related to the United States and there is no individual foreign country in which more than 10% of the Company’s long-lived assets are located or that is otherwise deemed individually material.
Schedules of Concentration of Risk, by Risk Factor	For the fifty-three week period ended August 31, 2019 and the fifty-two week period ended August 25, 2018, credit risk for the Company was concentrated in one customer who comprised more than 10% of the Company’s total sales. 52-Weeks Ended 53-Weeks Ended 52-Weeks Ended August 29, 2020 August 31, 2019 August 25, 2018 Customer 1 34 % 44 % 43 % Customer 2 10 % n/a n/a n/a - Not applicable as the customer was not significant during these fiscal years. At August 29, 2020 and August 31, 2019, the following amounts of the Company’s accounts receivable, net were related to these significant customers for the periods in which the customers were significant: (In thousands) August 29, 2020 August 31, 2019 Customer 1 $ 34,411 38 % $ 17,386 39 % Customer 2 $ 12,345 14 % n/a n/a n/a - Not applicable as the customer was not significant as of this date.

Restructuring and related cha_2

Restructuring and related charges (Tables)	12 Months Ended
	Aug. 29, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	Changes to the restructuring liability during the fifty-two week period ended August 29, 2020 were as follows: (in thousands) Termination benefits and severance Other Restructuring Liability Balance as of August 31, 2019 $ — $ — $ — Charges 4,139 1,388 5,527 Cash payments — (1,388) (1,388) Non-cash settlements or adjustments — — — Balance as of August 29, 2020 $ 4,139 $ — $ 4,139

Unaudited Quarterly Financial_2

Unaudited Quarterly Financial Data (Tables)	12 Months Ended
	Aug. 29, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	Summarized quarterly financial data: 52-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended (In thousands, except per share amounts) August 29, 2020 August 29, 2020 May 30, 2020 February 29, 2020 November 30, 2019 Net sales $ 816,641 $ 222,286 $ 215,101 $ 227,101 $ 152,153 Gross profit 324,328 88,102 88,626 85,394 62,206 Income (loss) from operations 78,224 24,832 31,108 25,269 (2,985) Net income (loss) $ 65,638 $ (39,290) $ 48,112 $ 48,301 $ 8,515 Earnings (loss) per share: Basic $ 0.70 $ (0.41) $ 0.50 $ 0.51 $ 0.09 Diluted $ 0.35 $ (0.41) $ 0.17 $ 0.11 $ (0.05) 53-Weeks Ended 14-Weeks Ended 13-Weeks Ended 13-Weeks Ended 13-Weeks Ended (In thousands, except per share amounts) August 31, 2019 August 31, 2019 May 25, 2019 February 23, 2019 November 24, 2018 Net sales $ 523,758 $ 139,184 $ 139,468 $ 123,800 $ 121,306 Gross profit (1) $ 217,683 $ 59,173 $ 56,657 $ 49,655 $ 52,198 Income from operations $ 72,673 $ 12,115 $ 20,510 $ 19,002 $ 21,046 Net (loss) income $ (25,234) $ (42,231) $ 5,859 $ 7,112 $ 4,026 Earnings (loss) per share: Basic $ (0.31) $ (0.52) $ 0.07 $ 0.09 $ 0.05 Diluted $ (0.31) $ (0.52) $ 0.07 $ 0.09 $ 0.05

Nature of Operations and Prin_2

Nature of Operations and Principles of Consolidation (Details) $ in Millions	Nov. 07, 2019USD ($)
Acquisition of Quest
Entity Information
Payments to Acquire Businesses, Gross	$ 988.9

Restatement of Previously Issue

Restatement of Previously Issued Financial Statements (Details) - USD ($)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019	May 30, 2020	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Aug. 26, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total assets	$ 2,008,445,000				$ 1,141,650,000								$ 2,008,445,000	$ 1,141,650,000
Warrant liability	93,638,000	$ 41,921,000	$ 73,624,000	$ 111,268,000	124,576,000	$ 76,254,000	$ 68,647,000	$ 63,037,000	$ 73,624,000	$ 68,647,000	$ 41,921,000	$ 76,254,000	93,638,000	124,576,000	$ 51,903,000
Total liabilities	869,112,000	866,416,000	877,939,000	943,648,000	428,782,000	370,877,000	357,652,000	345,810,000	877,939,000	357,652,000	866,416,000	370,877,000	869,112,000	428,782,000
Additional paid-in-capital	1,076,472,000	1,071,617,000	1,069,471,000	1,066,636,000	715,740,000	714,146,000	712,549,000	710,829,000	1,069,471,000	712,549,000	1,071,617,000	714,146,000	1,076,472,000	715,740,000	596,364,000	$ 592,103,000
Retained earnings (accumulated deficit)	64,927,000	104,217,000	56,105,000	7,804,000	(711,000)	41,520,000	35,661,000	28,549,000	56,105,000	35,661,000	104,217,000	41,520,000	64,927,000	(711,000)	24,523,000	(12,863,000)
Total stockholders’ equity	1,139,333,000	1,173,728,000	1,123,409,000	1,072,413,000	712,868,000	753,732,000	748,067,000	739,541,000	1,123,409,000	748,067,000	1,173,728,000	753,732,000	1,139,333,000	712,868,000	620,795,000	579,965,000
Total liabilities and stockholders’ equity	2,008,445,000	2,040,144,000	2,001,348,000	2,016,061,000	1,141,650,000	1,124,609,000	1,105,719,000	1,085,351,000	2,001,348,000	1,105,719,000	2,040,144,000	1,124,609,000	2,008,445,000	1,141,650,000
Net sales					139,184,000	139,468,000	123,800,000	121,306,000		245,106,000		384,574,000	816,641,000	523,758,000	437,854,000
Cost of goods sold					80,011,000	82,811,000	74,145,000	69,108,000		143,253,000		226,064,000	492,313,000	306,075,000	254,966,000
Gross profit	88,102,000	88,626,000	85,394,000	62,206,000	59,173,000	56,657,000	49,655,000	52,198,000		101,853,000		158,510,000	324,328,000	217,683,000	182,888,000
Selling and marketing					19,890,000	17,550,000	14,729,000	15,525,000		30,254,000		47,804,000	94,469,000	67,694,000	59,186,000
General and administrative													106,251,000	62,180,000	49,427,000
Total operating expenses					47,058,000	36,147,000	30,653,000	31,152,000		61,805,000		97,952,000	246,104,000	145,010,000	115,522,000
Income from operations	24,832,000	31,108,000	25,269,000	(2,985,000)	12,115,000	20,510,000	19,002,000	21,046,000		40,048,000		60,558,000	78,224,000	72,673,000	67,366,000
Gain (loss) in fair value change of warrant liability	(51,717,000)	31,703,000	37,644,000	13,308,000	(48,322,000)	(7,607,000)	(5,610,000)	(11,134,000)	50,952,000	(16,744,000)	82,655,000	(24,351,000)	30,938,000	(72,673,000)	(34,391,000)
Total other income (expense)	(59,034,000)	23,049,000	26,954,000	9,771,000	(50,832,000)	(10,067,000)	(7,863,000)	(12,434,000)	36,725,000	(20,297,000)	59,774,000	(30,364,000)	740,000	(81,196,000)	(46,030,000)
Income (loss) before income taxes	(34,202,000)	54,157,000	52,223,000	6,786,000	(38,717,000)	10,443,000	11,139,000	8,612,000	59,009,000	19,751,000	113,166,000	30,194,000	78,964,000	(8,523,000)	21,336,000
Income tax expense (benefit)					3,514,000	4,584,000	4,027,000	4,586,000		8,613,000		13,197,000	13,326,000	16,711,000	(16,050,000)
Net income (loss)	(39,290,000)	48,112,000	48,301,000	8,515,000	(42,231,000)	5,859,000	7,112,000	4,026,000	56,816,000	11,138,000	104,928,000	16,997,000	65,638,000	(25,234,000)	37,386,000
Comprehensive income (loss)	$ (39,253,000)	$ 48,173,000	$ 48,160,000	$ 8,515,000	$ (41,978,000)	$ 5,605,000	$ 6,933,000	$ 4,168,000	$ 56,675,000	$ 11,101,000	$ 104,848,000	$ 16,706,000	$ 65,595,000	$ (25,272,000)	$ 36,569,000
Basic earnings per share from net income (in dollars per share)	$ (0.41)	$ 0.50	$ 0.51	$ 0.09	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.61	$ 0.14	$ 1.12	$ 0.21	$ 0.70	$ (0.31)	$ 0.53
Diluted earnings per share from net income (in dollars per share)	$ (0.41)	$ 0.17	$ 0.11	$ (0.05)	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.06	$ 0.14	$ 0.23	$ 0.21	$ 0.35	$ (0.31)	$ 0.51
Deferred income taxes													$ 8,216,000	$ 10,869,000	$ (20,344,000)
Accounts receivable, net													(18,288,000)	(8,360,000)	(6,158,000)
Inventories													23,880,000	(8,178,000)	2,425,000
Accrued expenses and other current liabilities													(5,572,000)	14,378,000	2,795,000
Net cash provided by operating activities													58,921,000	73,042,000	61,038,000
Amortization of operating lease right-of-use asset													3,848,000	0	0
Earnings per share, basic, change in period														0.90
Private Warrants
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Warrant liability	$ 93,600,000				$ 124,600,000								93,600,000	124,600,000
Gain (loss) in fair value change of warrant liability													30,900,000	(72,700,000)	(34,400,000)
Under previous method
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total assets	2,008,445,000				1,141,650,000								2,008,445,000	1,141,650,000
Warrant liability	0	$ 0	$ 0	$ 0	0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	0	0
Total liabilities	775,474,000	824,495,000	804,315,000	832,380,000	304,206,000	294,623,000	289,005,000	282,773,000	804,315,000	289,005,000	824,495,000	294,623,000	775,474,000	304,206,000
Additional paid-in-capital	1,094,507,000	1,089,652,000	1,087,506,000	1,084,671,000	733,775,000	732,181,000	730,584,000	728,864,000	1,087,506,000	730,584,000	1,089,652,000	732,181,000	1,094,507,000	733,775,000	614,399,000	610,138,000
Retained earnings (accumulated deficit)	140,530,000	128,103,000	111,694,000	101,037,000	105,830,000	99,739,000	86,273,000	73,551,000	111,694,000	86,273,000	128,103,000	99,739,000	140,530,000	105,830,000	58,294,000	(12,161,000)
Total stockholders’ equity	1,232,971,000	1,215,649,000	1,197,033,000	1,183,681,000	837,444,000	829,986,000	816,714,000	802,578,000	1,197,033,000	816,714,000	1,215,649,000	829,986,000	1,232,971,000	837,444,000	672,601,000	598,702,000
Total liabilities and stockholders’ equity	2,008,445,000	2,040,144,000	2,001,348,000	2,016,061,000	1,141,650,000	1,124,609,000	1,105,719,000	1,085,351,000	2,001,348,000	1,105,719,000	2,040,144,000	1,124,609,000	2,008,445,000	1,141,650,000
Net sales					139,184,000	139,468,000	123,800,000	120,931,000		244,731,000		384,199,000		523,383,000	431,429,000
Cost of goods sold					80,011,000	82,811,000	74,145,000	69,011,000		143,156,000		225,967,000		305,978,000	251,063,000
Gross profit					59,173,000	56,657,000	49,655,000	51,920,000		101,575,000		158,232,000		217,405,000	180,366,000
Selling and marketing					19,890,000	17,550,000	14,729,000	15,319,000		30,048,000		47,598,000		67,488,000	59,092,000
General and administrative														61,972,000	49,635,000
Total operating expenses					47,058,000	36,147,000	30,653,000	30,738,000		61,391,000		97,538,000		144,596,000	115,636,000
Income from operations					12,115,000	20,510,000	19,002,000	21,182,000		40,184,000		60,694,000	78,224,000	72,809,000	64,730,000
Gain (loss) in fair value change of warrant liability	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total other income (expense)	(7,317,000)	(8,654,000)	(10,690,000)	(3,537,000)	(2,510,000)	(2,460,000)	(2,253,000)	(1,300,000)	(14,227,000)	(3,553,000)	(22,881,000)	(6,013,000)	(30,198,000)	(8,523,000)	(11,639,000)
Income (loss) before income taxes	17,515,000	22,454,000	14,579,000	(6,522,000)	9,605,000	18,050,000	16,749,000	19,882,000	8,057,000	36,631,000	30,511,000	54,681,000	48,026,000	64,286,000	53,091,000
Income tax expense (benefit)					3,514,000	4,584,000	4,027,000	4,625,000		8,652,000		13,236,000	13,326,000	16,750,000	(17,364,000)
Net income (loss)	12,427,000	16,409,000	10,657,000	(4,793,000)	6,091,000	13,466,000	12,722,000	15,257,000	5,864,000	27,979,000	22,273,000	41,445,000	34,700,000	47,536,000	70,455,000
Comprehensive income (loss)	$ 12,464,000	$ 16,470,000	$ 10,516,000	$ (4,793,000)	$ 6,344,000	$ 13,212,000	$ 12,543,000	$ 15,399,000	$ 5,723,000	$ 27,942,000	$ 22,193,000	$ 41,154,000	$ 34,657,000	$ 47,498,000	$ 69,638,000
Basic earnings per share from net income (in dollars per share)	$ 0.13	$ 0.17	$ 0.11	$ (0.05)	$ 0.07	$ 0.16	$ 0.16	$ 0.20	$ 0.06	$ 0.35	$ 0.24	$ 0.52	$ 0.37	$ 0.59	$ 1
Diluted earnings per share from net income (in dollars per share)	$ 0.12	$ 0.17	$ 0.11	$ (0.05)	$ 0.07	$ 0.16	$ 0.15	$ 0.18	$ 0.06	$ 0.33	$ 0.23	$ 0.49	$ 0.35	$ 0.56	$ 0.96
Deferred income taxes														$ 10,908,000	$ (21,108,000)
Accounts receivable, net														(7,985,000)	267,000
Inventories														(8,272,000)	(1,081,000)
Accrued expenses and other current liabilities														13,961,000	1,962,000
Net cash provided by operating activities													$ 58,921,000	73,042,000	61,038,000
Earnings per share, diluted, change in period														0.87
Change in accounting principle and presentation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total assets	$ 0				$ 0								0	0
Warrant liability	93,638,000				124,576,000								93,638,000	124,576,000
Total liabilities	93,638,000				124,576,000								93,638,000	124,576,000
Additional paid-in-capital	(18,035,000)				(18,035,000)								(18,035,000)	(18,035,000)	(18,035,000)	(18,035,000)
Retained earnings (accumulated deficit)	(75,603,000)				(106,541,000)								(75,603,000)	(106,541,000)	(33,771,000)	(702,000)
Total stockholders’ equity	(93,638,000)				(124,576,000)								(93,638,000)	(124,576,000)	(51,806,000)	$ (18,737,000)
Total liabilities and stockholders’ equity	$ 0				$ 0								0	0
Net sales														0	0
Cost of goods sold														0	0
Gross profit														0	0
Selling and marketing														0	0
General and administrative														0	0
Total operating expenses														0	0
Income from operations													0	0	0
Gain (loss) in fair value change of warrant liability													30,938,000	(72,673,000)	(34,391,000)
Total other income (expense)													30,938,000	(72,673,000)	(34,391,000)
Income (loss) before income taxes													30,938,000	(72,673,000)	(34,391,000)
Income tax expense (benefit)														0	0
Net income (loss)													30,938,000	(72,673,000)	(34,391,000)
Comprehensive income (loss)													$ 30,938,000	(72,673,000)	$ (34,391,000)
Basic earnings per share from net income (in dollars per share)													$ 0.33		$ 0.47
Diluted earnings per share from net income (in dollars per share)															$ 0.45
Deferred income taxes														0	$ 0
Accounts receivable, net															0
Inventories															0
Accrued expenses and other current liabilities														0	0
Net cash provided by operating activities													$ 0	0	0
srt_RestatementOtherAdjustmentMember
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales														375,000	6,425,000
Cost of goods sold														97,000	3,903,000
Gross profit														278,000	2,522,000
Selling and marketing														206,000	94,000
General and administrative														208,000	(208,000)
Total operating expenses														414,000	(114,000)
Income from operations														(136,000)	2,636,000
Gain (loss) in fair value change of warrant liability														0	0
Total other income (expense)														0	0
Income (loss) before income taxes														(136,000)	2,636,000
Income tax expense (benefit)														(39,000)	1,314,000
Net income (loss)														(97,000)	1,322,000
Comprehensive income (loss)														(97,000)	1,322,000
Deferred income taxes														(39,000)	764,000
Accounts receivable, net														(375,000)	(6,425,000)
Inventories														94,000	3,506,000
Accrued expenses and other current liabilities														417,000	833,000
Net cash provided by operating activities														$ 0	$ 0

Change in Accounting Principl_3

Change in Accounting Principle (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 23, 2019	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Change in Accounting Principle
Cost of goods sold	$ 80,011	$ 82,811	$ 74,145	$ 69,108	$ 143,253	$ 226,064	$ 492,313	$ 306,075	$ 254,966
Distribution									0
General and administrative							106,251	62,180	49,427
Depreciation and amortization							$ 15,259	7,496	7,498
Change in Accounting Principle, Other
Change in Accounting Principle
Cost of goods sold									251,063
Distribution									0
General and administrative									49,635
Depreciation and amortization									7,498
Under previous method
Change in Accounting Principle
Cost of goods sold	$ 80,011	$ 82,811	$ 74,145	$ 69,011	$ 143,156	$ 225,967		305,978	251,063
General and administrative								61,972	49,635
Under previous method | Change in Accounting Principle, Other
Change in Accounting Principle
Cost of goods sold									223,873
Distribution									19,685
General and administrative									56,333
Depreciation and amortization									7,672
Change in accounting principle and presentation
Change in Accounting Principle
Cost of goods sold								0	0
General and administrative								0	0
Other operating expense
Change in Accounting Principle
Cost of goods sold									0
Distribution									0
General and administrative									633
Depreciation and amortization									0
srt_RestatementOtherAdjustmentMember
Change in Accounting Principle
Cost of goods sold								97	3,903
Distribution									0
General and administrative								$ 208	(208)
Depreciation and amortization									0
Change in Accounting Principle, Other
Change in Accounting Principle
Cost of goods sold									27,190
Distribution									(19,685)
General and administrative									(7,331)
Depreciation and amortization									$ (174)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	Nov. 07, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 23, 2019	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Jul. 06, 2017
Entity Information
Allowance for doubtful accounts		$ 600,000						$ 500,000	$ 600,000
Reserve for inventory four to six months from expiration								50.00%
Reserve for inventory within three months of expiration								100.00%
Provision for obsolete inventory		400,000						$ 500,000	400,000
Impairment of Long-Lived Assets Held-for-use								0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)								3,000,000
CustomerTradeAllowance		10,300,000						25,200,000	10,300,000
Cost of goods sold		$ 80,011,000	$ 82,811,000	$ 74,145,000	$ 69,108,000	$ 143,253,000	$ 226,064,000	492,313,000	306,075,000	$ 254,966,000
Advertising expense								55,300,000	35,400,000	34,000,000
Production costs								0
Research and development expenses								4,000,000	2,200,000	2,500,000
Defined contribution plan expense								1,300,000	600,000	400,000
Public Warrants [Member]
Entity Information
Warrant issued (in shares)											13,416,667
Warrant price per share (in dollars per share)											$ 11.50
Shipping and Handling
Entity Information
Cost of goods sold								$ 49,800,000	$ 32,300,000	$ 27,200,000
Furniture and fixtures
Entity Information
Estimated useful lives								7 years
Computer equipment, software and website development | Minimum
Entity Information
Estimated useful lives								3 years
Computer equipment, software and website development | Maximum
Entity Information
Estimated useful lives								5 years
Machinery and equipment
Entity Information
Estimated useful lives								7 years
Office equipment | Minimum
Entity Information
Estimated useful lives								3 years
Office equipment | Maximum
Entity Information
Estimated useful lives								5 years
Acquisition of Quest
Entity Information
Business Acquisition, Effective Date of Acquisition	Nov. 7, 2019
Payments to Acquire Businesses, Gross	$ 988,900,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	Aug. 29, 2020	Nov. 07, 2019	Sep. 01, 2019	Aug. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 25,703
Operating Lease, Liability, Current	4,329			$ 0
Finance Lease, Right-of-Use Asset	912
Finance Lease, Liability, Current	271			$ 0
Finance Lease, Liability, Noncurrent	651
Other long -term assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset		$ 21,100
Other long -term assets | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset			$ 5,100
Accrued expenses and other current liabilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability, Current	$ 4,329	2,000
Accrued expenses and other current liabilities | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability, Current			2,000
Property and equipment, net | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance Lease, Right-of-Use Asset			1,200
Current maturities of long-term debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability, Noncurrent		$ 18,900
Current maturities of long-term debt | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability, Noncurrent			3,800
Long-term debt less current maturities | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance Lease, Liability, Current			200
Finance Lease, Liability, Noncurrent			$ 1,000

Business Combination (Details 1

Business Combination (Details 1) - USD ($) $ in Thousands	Nov. 07, 2019	Oct. 09, 2019	Aug. 21, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Business Acquisition [Line Items]
Proceeds from Issuance or Sale of Equity		$ 350,000
Business transaction costs				$ 27,125	$ 7,107	$ 2,259
Acquisition of Quest
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement			Aug. 21, 2019
Business Acquisition, Effective Date of Acquisition	Nov. 7, 2019
Payments to Acquire Businesses, Gross	$ 988,900
Payments to Acquire Business Cash on Hand	195,300
Proceeds from Issuance or Sale of Equity		$ 350,000
Proceeds from long-term credit facility	443,600
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				2,100
Business Combination, Consideration Transferred, Net				986,800
Business transaction costs				27,100
Business Transaction Costs, Advisory Fees				14,500
Business Transaction Costs, Banker Commitment Fees				3,200
Business Transaction Costs, Non-deferrable debt issuance costs				6,100
Business Transaction Costs, Legal				$ 3,300
Centerview Partners | Acquisition of Quest
Business Acquisition [Line Items]
Business Transaction Costs, Advisory Fees	$ 12,000
Business Acquisition, Transaction Costs, Advisory Fees, Percentage	1.20%

Business Combination (Details 2

Business Combination (Details 2) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 23, 2019	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Nov. 07, 2019
Business Acquisition [Line Items]
Goodwill	$ 471,427						$ 544,774	$ 471,427
Goodwill, Purchase Accounting Adjustments							(22,700)		$ 1,800
Net sales	$ 139,184	$ 139,468	$ 123,800	$ 121,306	$ 245,106	$ 384,574	816,641	$ 523,758	$ 437,854
Acquisition of Quest
Business Acquisition [Line Items]
Cash and cash equivalents										$ 4,745
Accounts receivable, net										26,537
Inventories										44,032
Prepaid assets										1,214
Other current assets										3,812
Property and equipment, net										9,843
Intangible assets, net										868,375
Other long-term assets										20,997
Accounts payable										25,200
Other current liabilities										11,237
Deferred income taxes										10,754
Other long-term liabilities										18,891
Total identifiable net assets										913,473
Goodwill										73,347
Total assets acquired and liabilities assumed										986,820
Quest | Acquisition of Quest
Business Acquisition [Line Items]
Net sales							286,803
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										700
Brands and trademarks | Acquisition of Quest
Business Acquisition [Line Items]
Intangible assets, net										750,000
Customer relationships | Acquisition of Quest
Business Acquisition [Line Items]
Intangible assets, net										115,000
Business Acquisition, Goodwill, Expected Tax Deductible Amount										67,700
Computer Software, Intangible Asset | Acquisition of Quest
Business Acquisition [Line Items]
Intangible assets, net										$ 3,400
Intangible assets, net
Business Acquisition [Line Items]
Business Combination, Measurement Period Adjustment, Fair Value							(20,000)
Deferred income taxes
Business Acquisition [Line Items]
Business Combination, Measurement Period Adjustment, Fair Value							(3,200)
Accounts receivable, net
Business Acquisition [Line Items]
Business Combination, Measurement Period Adjustment, Fair Value							(3,100)
Inventories
Business Acquisition [Line Items]
Business Combination, Measurement Period Adjustment, Fair Value							900
Property and equipment, net
Business Acquisition [Line Items]
Business Combination, Measurement Period Adjustment, Fair Value							$ (500)

Business Combination (Details 3

Business Combination (Details 3) - Acquisition of Quest - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Business Acquisition [Line Items]
Net sales, pro forma	$ 885,044	$ 832,629
Gross profit, pro forma	355,395	317,758
Net income, pro forma	$ 90,028	$ (42,627)

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Property and Equipment
Property and equipment, gross	$ 14,716	$ 4,793
Less: accumulated depreciation	(2,866)	(2,337)
Property and equipment, net	11,850	2,456
Depreciation and amortization	1,800	1,100	$ 1,200
Loss on disposal of property and equipment	0	6	$ 128
Furniture and fixtures
Property and Equipment
Property and equipment, gross	3,197	715
Computer equipment and software
Property and Equipment
Property and equipment, gross	1,062	956
Machinery and equipment
Property and Equipment
Property and equipment, gross	1,135	385
Website development costs
Property and Equipment
Property and equipment, gross	0	2,237
Leasehold improvements
Property and Equipment
Property and equipment, gross	8,137	361
Finance lease right-of-use assets
Property and Equipment
Property and equipment, gross	1,185	0
Construction in progress
Property and Equipment
Property and equipment, gross	$ 0	$ 139

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Goodwill
Beginning Balance	$ 471,427,000
Acquisition of a business	73,347,000	$ 0
Ending Balance	544,774,000	$ 471,427,000
Goodwill impairment charges	$ 0

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Intangible assets
Intangible assets, Gross carrying amount	$ 1,187,967	$ 320,000
Accumulated amortization	(29,199)	(13,861)
Intangible assets, Net carrying amount	1,158,768	306,139
Finite-lived intangible assets, Net carrying amount	179,768
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	3,000
Amortization of Intangible Assets	14,000	$ 6,500	$ 6,500
Estimated future amortization expense
2020	15,446
2021	15,212
2022	14,938
2023	14,281
2024	13,171
Thereafter	$ 106,720
Customer relationships
Intangible assets with indefinite life:
Useful life	15 years	15 years
Intangible assets
Finite-lived intangible assets, Gross carrying amount	$ 174,000	$ 59,000
Accumulated amortization	(18,503)	(8,382)
Finite-lived intangible assets, Net carrying amount	$ 155,497	$ 50,618
Proprietary recipes and formulas
Intangible assets with indefinite life:
Useful life	7 years	7 years
Intangible assets
Finite-lived intangible assets, Gross carrying amount	$ 7,000	$ 7,000
Accumulated amortization	(3,131)	(2,131)
Finite-lived intangible assets, Net carrying amount	$ 3,869	$ 4,869
Licensing agreements
Intangible assets with indefinite life:
Useful life	14 years	14 years
Intangible assets
Finite-lived intangible assets, Gross carrying amount	$ 22,000	$ 22,000
Accumulated amortization	(4,920)	(3,348)
Finite-lived intangible assets, Net carrying amount	17,080	18,652
Software and website development costs
Intangible assets
Finite-lived intangible assets, Gross carrying amount	5,967
Accumulated amortization	(2,645)
Finite-lived intangible assets, Net carrying amount	3,322
Brands and trademarks
Intangible assets with indefinite life:
Indefinite-lived intangible assets	$ 979,000	$ 232,000
Maximum | Software and website development costs
Intangible assets with indefinite life:
Useful life	5 years
Minimum | Software and website development costs
Intangible assets with indefinite life:
Useful life	3 years

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Aug. 29, 2020	Aug. 31, 2019
Accrued Liabilities, Current [Abstract]
Accrued professional fees	$ 3,125	$ 8,903
Accrued advertising allowances and claims	2,625	2,095
Accrued bonus expenses	12,261	10,908
Accrued freight expenses	1,795	1,791
Accrued payroll-related expenses	2,179	841
Accrued commissions	1,789	932
Income taxes payable	839	382
VAT payable	2,367	1,787
Restructuring Reserve	4,139	0
Other accrued expenses	2,559	2,294
Operating Lease, Liability, Current	4,329	0
Accrued expenses and other current liabilities	$ 38,007	$ 29,933

Long-Term Debt and Line of Cr_3

Long-Term Debt and Line of Credit - Narrative (Details) - USD ($)	Nov. 07, 2019	Mar. 16, 2018	Jul. 07, 2017	Aug. 29, 2020	May 30, 2020	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Debt Instrument
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months				$ 236,000		$ 236,000
Proceeds from revolving credit facility						25,000,000	$ 0	$ 0
Repayments of revolving credit facility						25,000,000	0	$ 0
Barclays Bank PLC and Other Parties
Debt Instrument
Letters of credit outstanding				5,900,000		5,900,000
Barclays Bank PLC and Other Parties | Term Loan
Debt Instrument
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months				0		0
Line of Credit Facility | Barclays Bank PLC and Other Parties | Base Rate
Debt Instrument
Basis spread on variable rate	2.75%		0.50%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Eurocurrency
Debt Instrument
Basis spread on variable rate			1.00%
Line of Credit Facility | Barclays Bank PLC and Other Parties | LIBOR
Debt Instrument
Basis spread on variable rate	3.75%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Term Loan
Debt Instrument
Borrowing capacity			$ 200,000,000
Maturity period			7 years
Proceeds from long-term credit facility	$ 460,000,000		$ 200,000,000
Line of Credit Facility | Barclays Bank PLC and Other Parties | Term Loan | Base Rate
Debt Instrument
Basis spread on variable rate		2.50%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Term Loan | Eurocurrency
Debt Instrument
Basis spread on variable rate			3.00%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Term Loan | LIBOR
Debt Instrument
Basis spread on variable rate		3.50%	4.00%
Interest rate floor			1.00%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Revolving Credit Facility
Debt Instrument
Borrowing capacity			$ 75,000,000
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%
Proceeds from revolving credit facility					$ 25,000,000
Repayments of revolving credit facility				25,000,000
Amount outstanding on revolving credit facility				$ 0		$ 0	$ 0
Line of Credit Facility | Barclays Bank PLC and Other Parties | Revolving Credit Facility | Eurocurrency
Debt Instrument
Basis spread on variable rate			2.00%
Line of Credit Facility | Barclays Bank PLC and Other Parties | Revolving Credit Facility | LIBOR
Debt Instrument
Basis spread on variable rate			3.00%

Long-Term Debt and Line of Cr_4

Long-Term Debt and Line of Credit - Schedule of Debt (Details) - USD ($)	Aug. 29, 2020	Aug. 31, 2019
Line of credit facility
Long-term debt under Credit Agreement	$ 606,500,000	$ 196,500,000
Finance lease liabilities	922,000	0
Less: Deferred financing fees	10,272,000	5,565,000
Total debt	597,150,000	190,935,000
Current maturities of long-term Credit Agreement, net of deferred financing fees	0	676,000
Less: Current finance lease liabilities	271,000	0
Long-term debt, net of deferred financing fees	596,879,000	190,259,000
Deferred financing fees, current	0	$ 1,300,000
Aggregate principal maturities
2021	236,000
2022	282,000
2023	262,000
2024	606,642,000
2025	0
Total debt	$ 607,422,000
Finance leases [Member]
Line of credit facility
Effective Interest Rate	5.60%
Term Loan
Line of credit facility
Effective Interest Rate, Line of Credit Facility	4.80%
Term Loan | Barclays Bank PLC and Other Parties
Aggregate principal maturities
2021	$ 0
Revolving Credit Facility
Line of credit facility
Effective Interest Rate, Line of Credit Facility	0.00%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								6 Months Ended			9 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019	Feb. 24, 2018	May 30, 2020	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Feb. 28, 2020	Jul. 06, 2017
Fair Value, Option, Quantitative Disclosures [Line Items]
Loss (gain) in fair value change of contingent consideration - TRA liability											$ 4,700			$ 0	$ 533	$ (2,848)
Gain on settlement of TRA liability														0	1,534	0
Gain (loss) in fair value change of warrant liability	$ (51,717)	$ 31,703	$ 37,644	$ 13,308	$ (48,322)	$ (7,607)	$ (5,610)	$ (11,134)	$ 50,952	$ (16,744)		$ 82,655	$ (24,351)	30,938	(72,673)	$ (34,391)
Total liabilities	$ 869,112	866,416	877,939	943,648	$ 428,782	370,877	357,652	345,810	877,939	357,652		866,416	370,877	$ 869,112	$ 428,782
Share Price	$ 25.39				$ 29.63									$ 25.39	$ 29.63	$ 17.98	$ 22.06
Warrants and Rights Outstanding, Term	1 year 10 months 6 days				2 years 10 months 6 days									1 year 10 months 6 days	2 years 10 months 6 days	3 years 10 months 13 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate														0.14%	1.43%	2.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate														29.20%	21.10%	18.40%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value														$ 13.98	$ 18.59	$ 7.75
Warrant liability	$ 93,638	41,921	73,624	111,268	$ 124,576	76,254	68,647	63,037	73,624	68,647		41,921	76,254	$ 93,638	$ 124,576	$ 51,903
(Gain) loss in fair value change of warrant liability	$ 51,717	$ (31,703)	$ (37,644)	$ (13,308)	$ 48,322	$ 7,607	$ 5,610	$ 11,134	$ (50,952)	$ 16,744		$ (82,655)	$ 24,351	(30,938)	72,673	34,391
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3														$ 0
Private Warrants
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrant issued (in shares)	6,700,000													6,700,000				6,700,000
Gain (loss) in fair value change of warrant liability														$ 30,900	$ (72,700)	(34,400)
Warrant price per share (in dollars per share)					$ 11.50										$ 11.50
Warrant liability	$ 93,600				$ 124,600									93,600	$ 124,600
(Gain) loss in fair value change of warrant liability														(30,900)	72,700	34,400
Change in accounting principle and presentation
Fair Value, Option, Quantitative Disclosures [Line Items]
Gain (loss) in fair value change of warrant liability														30,938	(72,673)	(34,391)
Total liabilities	93,638				124,576									93,638	124,576
Warrant liability	$ 93,638				$ 124,576									93,638	124,576
(Gain) loss in fair value change of warrant liability														$ (30,938)	72,673	34,391
Acquisition of Atkins
Fair Value, Option, Quantitative Disclosures [Line Items]
Loss (gain) in fair value change of contingent consideration - TRA liability															500	$ 2,800
Gain on settlement of TRA liability															$ 1,500

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Feb. 24, 2018	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Jul. 07, 2017
Entity Information
Valuation allowance		$ (3,190)	$ (3,786)
Unrecognized tax benefits		0	0
Accrued interest or penalties on unrecognized tax benefits		0
Tax Receivable Agreement
Loss (gain) in fair value change of contingent consideration - TRA liability	$ 4,700	0	533	$ (2,848)
Payment of TRA liability		0	26,468	0
Gain on settlement of TRA liability		0	1,534	0
Acquisition of Atkins
Tax Receivable Agreement
TRA contingent payment (up to)					$ 100,000
Loss (gain) in fair value change of contingent consideration - TRA liability			500	$ 2,800
Gain on settlement of TRA liability			1,500
State and local
Entity Information
Operating loss carryforwards		11,900	12,200
Operating loss carryforwards, valuation allowance		300
Foreign
Entity Information
Operating loss carryforwards		12,800	$ 14,200
Increase in operating loss carryforward		1,400
Operating loss carryforwards, valuation allowance		$ 2,900

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019	May 30, 2020	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Current:
Federal													$ 3,056	$ 2,784	$ 3,134
State and local													1,835	2,684	159
Foreign													219	374	1,001
Total current													5,110	5,842	4,294
Deferred:
Federal													6,747	9,937	(20,459)
State and local													1,637	1,086	(26)
Foreign													(168)	(154)	141
Total deferred income tax expense (benefit)													8,216	10,869	(20,344)
Income tax expense (benefit)					$ 3,514	$ 4,584	$ 4,027	$ 4,586		$ 8,613		$ 13,197	13,326	16,711	(16,050)
Components of income before income taxes
Domestic													78,418	(8,565)	17,993
Foreign													546	42	3,343
Income before income taxes	$ (34,202)	$ 54,157	$ 52,223	$ 6,786	$ (38,717)	$ 10,443	$ 11,139	$ 8,612	$ 59,009	$ 19,751	$ 113,166	$ 30,194	$ 78,964	$ (8,523)	$ 21,336
Effective rate reconciliation
Statutory income tax expense													21.00%	21.00%	25.50%
Change in fair value of warrant liabilities													(10.80%)	(222.20%)	(42.50%)
State income tax expense, net of federal													5.00%	3.90%	3.10%
Valuation allowance													(1.20%)	(0.60%)	0.60%
Taxes on foreign income above (below) the U.S. tax													0.10%	0.20%	0.40%
Tax Cuts and Jobs Act													0.00%	0.00%	(58.40%)
Change In State Tax Rate													1.50%	1.50%	(4.00%)
Non-deductible transaction costs													0.10%	0.00%	0.00%
TRA contingent consideration													0.00%	(0.40%)	(1.50%)
Other permanent items													1.20%	0.50%	1.60%
Income tax expense (benefit)													16.90%	(196.10%)	(75.20%)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 29, 2020	Aug. 31, 2019
Deferred tax assets
Accounts receivable allowances	$ 2,427	$ 2,601
Inventories write-downs	92	67
Accrued expenses	3,968	3,680
Net operating loss carryforwards	3,837	4,179
Share-based compensation	2,770	1,755
Tax credits	256	351
Lease liabilities	6,785	0
Other	3,714	2,247
Deferred tax assets	23,849	14,880
Valuation allowance	(3,190)	(3,786)
Deferred tax assets, net of valuation allowance	20,659	11,094
Deferred tax liabilities
Prepaid expense	(514)	(474)
Excess tax over book depreciation	(2,278)	(169)
Website development costs	(816)	(226)
Intangible assets	(94,398)	(74,431)
Lease right-of-use assets	(6,442)	0
Other	(563)	(1,177)
Deferred tax liabilities	(105,011)	(76,477)
Net deferred tax liabilities	$ (84,352)	$ (65,383)

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Nov. 07, 2019	Aug. 31, 2019
Components of lease expense
Operating Lease, Cost	$ 5,242
Variable Lease, Cost	1,648
Operating Lease, Expense	6,890
Short-term Lease, Cost	30
Finance Lease, Right-of-Use Asset, Amortization	273
Finance Lease, Interest Expense	60
Finance lease cost	333
Lease, Cost	7,253
Lease assets and liabilities
Operating Lease, Right-of-Use Asset	25,703
Finance Lease, Right-of-Use Asset	912
Total lease right of use asset	26,615
Operating Lease, Liability, Current	4,329		$ 0
Finance Lease, Liability, Current	271		0
Finance Lease, Liability, Noncurrent	651
Total lease liability	28,015
Future maturities of operating lease liabilities
2021	5,697
2022	4,649
2023	4,114
2024	4,216
2025	3,765
Thereafter	11,014
Total operating lease payments	33,455
Less: Interest	(6,362)
Present value of operating lease liabilities	27,093
Future maturities of finance lease liabilities
2021	313
2022	313
2023	278
2024	145
2025	0
Thereafter	0
Total finance lease payments	1,049
Less: Interest	(127)
Present value of finance lease liabilities	922		$ 0
Operating leases not yet commenced
Expected payments of operating lease not yet commenced	$ 32,200
Term of operating lease not yet commenced	10 years
Supplemental cash flow information related to leases
Operating cash flows from operating leases	$ 6,534
Operating cash flows from finance leases	18
Financing cash flow from finance leases	$ 338
Operating Lease, Weighted Average Remaining Lease Term	6 years 11 months 19 days
Finance Lease, Weighted Average Remaining Lease Term	3 years 4 months 28 days
Operating Lease, Weighted Average Discount Rate, Percent	5.70%
Finance Lease, Weighted Average Discount Rate, Percent	5.60%
Minimum
Operating leases not yet commenced
Renewal term lease not yet commenced	5 years
Maximum
Operating leases not yet commenced
Renewal term lease not yet commenced	10 years
Other long-term liabilities
Lease assets and liabilities
Operating Lease, Liability, Noncurrent	$ 22,764
Accrued expenses and other current liabilities
Lease assets and liabilities
Operating Lease, Liability, Current	$ 4,329	$ 2,000

Leases (Details 2)

Leases (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 25, 2018
Leases [Abstract]
Rent Expense	$ 2,200	$ 2,400
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	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Loss Contingencies [Line Items]
Celebrity endorsement payment obligation	$ 2.9
Potential settlement accrual	0.3	$ 3.5
Loss Contingency Accrual	1.3
Loss contingency acquired	$ 1.2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 09, 2019	Oct. 05, 2018	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Oct. 04, 2018	Aug. 26, 2017	Jul. 06, 2017
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock shares issued (in shares)	13,379,205		95,751,845	81,973,284	70,605,675		70,562,477
Shares Issued, Price Per Share	$ 26.35
Shares Issued, Underwriting Discounts and Commissions, Price per Share	0.19
Price Per Share Received Net Of Offering Costs	$ 26.16
Proceeds from Issuance or Sale of Equity	$ 350,000
Equity Issuance costs, Legal	$ 800
Warrants and Rights Note Disclosure [Abstract]
Number of Warrants Exercised in Exchange for Common Stock		9,866,451
Cash received from warrant exercises		$ 113,500	$ 0	$ 113,464	$ 232
Common Shares Surrendered For Each Public Warrant Surrendered						0.61885
Common Shares Received for each Public Warrant Surrendered						0.38115
Public Warrants Exercised		3,499,639
Common Shares Issued for Public Warrant Exercises (in shares)		1,333,848
Public Warrants [Member]
Warrants and Rights Note Disclosure [Abstract]
Warrant issued (in shares)								13,416,667
Warrant price per share (in dollars per share)								$ 11.50
Private Warrants
Warrants and Rights Note Disclosure [Abstract]
Warrant issued (in shares)			6,700,000					6,700,000
Warrant price per share (in dollars per share)				$ 11.50

Stockholders' Equity (Details 2

Stockholders' Equity (Details 2) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019
Stock Repurchase Program
Stock Repurchase Program, Authorized Amount	$ 50
Repurchase of common stock (in shares)	0	98,234
Treasury Stock Acquired, Average Cost Per Share		$ 21.83
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 47.9

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019	May 30, 2020	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Numerator:
Net income available to common stock stockholders	$ (39,290)	$ 48,112	$ 48,301	$ 8,515	$ (42,231)	$ 5,859	$ 7,112	$ 4,026	$ 56,816	$ 11,138	$ 104,928	$ 16,997	$ 65,638	$ (25,234)	$ 37,386
Denominator:
Weighted average common shares - basic (in shares)													93,968,953	80,734,091	70,582,149
Basic earnings per share from net income (in dollars per share)	$ (0.41)	$ 0.50	$ 0.51	$ 0.09	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.61	$ 0.14	$ 1.12	$ 0.21	$ 0.70	$ (0.31)	$ 0.53
Numerator:
Net income available to common stock stockholders	$ (39,290)	$ 48,112	$ 48,301	$ 8,515	$ (42,231)	$ 5,859	$ 7,112	$ 4,026	$ 56,816	$ 11,138	$ 104,928	$ 16,997	$ 65,638	$ (25,234)	$ 37,386
Denominator:
Weighted average common shares - basic (in shares)													93,968,953	80,734,091	70,582,149
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements													45,571	0	49,354
Incremental Common Shares Attributable to Dilutive Effect of Stock Options													1,001,542	0	43,779
Weighted average common shares - diluted (in shares)													98,343,722	80,734,091	72,786,843
Diluted earnings per share from net income (in dollars per share)	$ (0.41)	$ 0.17	$ 0.11	$ (0.05)	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.06	$ 0.14	$ 0.23	$ 0.21	$ 0.35	$ (0.31)	$ 0.51
(Gain) loss in fair value change of warrant liability	$ 51,717	$ (31,703)	$ (37,644)	$ (13,308)	$ 48,322	$ 7,607	$ 5,610	$ 11,134	$ (50,952)	$ 16,744	$ (82,655)	$ 24,351	$ (30,938)	$ 72,673	$ 34,391
Numerator for Diluted Earnings per Share													$ 34,700	$ (25,234)	$ 37,386
Private Warrants
Denominator:
Warrant conversion (in shares)													3,327,656	0	0
Public Warrants [Member]
Denominator:
Warrant conversion (in shares)													0	0	2,111,561
Employee stock options
Denominator:
Antidilutive stock options excluded from computation of earnings per share													600,000	1,000,000	200,000
Private Warrants
Denominator:
Antidilutive stock options excluded from computation of earnings per share														3,000,000	900,000
Public Warrants [Member]
Denominator:
Antidilutive stock options excluded from computation of earnings per share														600,000

Omnibus Incentive Plan (Details

Omnibus Incentive Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Jul. 07, 2017
Share-based Compensation
Stock compensation expense	$ 7,636	$ 5,501	$ 4,029
Incentive Plan
Share-based Compensation
Number of shares authorized				9,067,917
Number of shares available for grant	5,200,000

Omnibus Incentive Plan Stock Op

Omnibus Incentive Plan Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Additional disclosures
Proceeds from option exercises	$ 4,206	$ 706	$ 120
Employee stock options
Shares
Outstanding at beginning of period (in shares)	2,748,735
Granted (in shares)	229,024
Exercised (in shares)	(340,382)
Forfeited (in shares)	(21,478)
Outstanding at end of period (in shares)	2,615,899	2,748,735
Vested or expected to vest (in shares)	2,615,899
Exercisable (in shares)	2,082,569
Weighted average exercise price
Outstanding at beginning of period (in dollars per share)	$ 13.35
Granted (in dollars per share)	23.87
Exercised (in dollars per share)	12.36
Forfeited (in dollars per share)	21.92
Outstanding at end of period (in dollars per share)	14.33	$ 13.35
Vested or expected to vest (in dollars per share)	14.33
Exercisable (in dollars per share)	$ 12.65
Weighted average remaining contractual life (if years)
Outstanding at end of period, contractual life	7 years 3 months 14 days	8 years 1 month 17 days
Vested or expected to vest, contractual life	7 years 3 months 14 days
Exercisable, contractual life	7 years
Intrinsic value
Outstanding, intrinsic value	$ 28,927	$ 44,743
Vested and expected to vest, intrinsic value	28,927
Exercisable, intrinsic value	$ 26,537
Additional disclosures
Award vesting period	3 years
Expiration period	10 years
Compensation not yet recognized	$ 2,300
Compensation cost not yet recognized, period for recognition	1 year 7 months 6 days
Proceeds from option exercises	$ 4,200	$ 700	$ 100

Omnibus Incentive Plan Range of

Omnibus Incentive Plan Range of Exercise Prices (Details)	12 Months Ended
	Aug. 29, 2020$ / sharesshares
Stock Options, Exercise Price Range
Number of outstanding options | shares	2,615,899
Outstanding options, weighted average exercise price	$ 14.33
Outstanding options, weighted average remaining contractual term	7 years 3 months 14 days
Number of exercisable options | shares	2,082,569
Exercisable options, weighted average exercise price	$ 12.65
Exercise Price Range from $12.00 to $14.99
Stock Options, Exercise Price Range
Exercise price range, lower range limit	12
Exercise price range, upper range limit	$ 14.99
Number of outstanding options | shares	1,938,833
Outstanding options, weighted average exercise price	$ 12.04
Outstanding options, weighted average remaining contractual term	6 years 10 months 24 days
Number of exercisable options | shares	1,893,950
Exercisable options, weighted average exercise price	$ 12.02
Exercise Price Range from $15.00 to $17.99
Stock Options, Exercise Price Range
Exercise price range, lower range limit	15
Exercise price range, upper range limit	$ 17.99
Number of outstanding options | shares	117,553
Outstanding options, weighted average exercise price	$ 16.88
Outstanding options, weighted average remaining contractual term	7 years 10 months 20 days
Number of exercisable options | shares	78,368
Exercisable options, weighted average exercise price	$ 16.88
Exercise Price Range from $18.00 to $20.99
Stock Options, Exercise Price Range
Exercise price range, lower range limit	18
Exercise price range, upper range limit	$ 20.99
Number of outstanding options | shares	293,465
Outstanding options, weighted average exercise price	$ 19.89
Outstanding options, weighted average remaining contractual term	8 years 7 days
Number of exercisable options | shares	94,507
Exercisable options, weighted average exercise price	$ 19.89
Exercise Price Range from $21.00 to $23.99
Stock Options, Exercise Price Range
Exercise price range, lower range limit	21
Exercise price range, upper range limit	$ 23.99
Number of outstanding options | shares	48,396
Outstanding options, weighted average exercise price	$ 21.85
Outstanding options, weighted average remaining contractual term	9 years 6 months 21 days
Number of exercisable options | shares	4,462
Exercisable options, weighted average exercise price	$ 21.49
Exercise Price Range from $24.00 to $26.99
Stock Options, Exercise Price Range
Exercise price range, lower range limit	24
Exercise price range, upper range limit	$ 26.99
Number of outstanding options | shares	217,652
Outstanding options, weighted average exercise price	$ 24.19
Outstanding options, weighted average remaining contractual term	8 years 10 months 28 days
Number of exercisable options | shares	11,282
Exercisable options, weighted average exercise price	$ 24.08

Omnibus Incentive Plan Fair Val

Omnibus Incentive Plan Fair Value Assumptions (Details) - Employee stock options - USD ($)	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Share-based Compensation
Weighted average grant date fair value	$ 7.79	$ 7.10	$ 4.60
Expected volatility, minimum	30.27%	29.30%	26.72%
Expected volatility, maximum	33.82%	32.09%	27.50%
Expected dividend rate	0.00%	0.00%	0.00%
Expected option term	6 years	6 years	6 years
Risk-free rate of return, minimum	0.38%	1.82%	1.98%
Risk-free rate of return, maximum	1.80%	3.13%	2.79%
Expected dividend payments	$ 0

Omnibus Incentive Plan Restrict

Omnibus Incentive Plan Restricted Stock Unit Activity (Details) - Non-vested shares $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 29, 2020USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	92,400
Granted in period (in shares) | shares	193,533
Vested in period (in shares) | shares	(67,354)
Forfeited in period (in shares) | shares	(10,556)
Non-vested at end of period (in shares) | shares	208,023
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	23.17
Vested (in dollars per share) | $ / shares	17.07
Forfeited (in dollars per share) | $ / shares	19.45
Non-vested at end of period (in dollars per share) | $ / shares	$ 22.82
Additional disclosures
Award vesting period	3 years
Compensation cost not yet recognized | $	$ 3
Compensation cost not yet recognized, period for recognition	1 year 10 months 24 days

Omnibus Incentive Plan Performa

Omnibus Incentive Plan Performance Stock Units Activity (Details) - Performance Stock Units $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 29, 2020USD ($)$ / sharesshares
Units
Non-vested at beginning of period (in shares) | shares	192,389
Granted in period (in shares) | shares	121,288
Vested in period (in shares) | shares	0
Forfeited in period (in shares) | shares	(18,421)
Non-vested at end of period (in shares) | shares	295,256
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	17.62
Non-vested at end of period (in dollars per share) | $ / shares	$ 17.93
Additional disclosures
Compensation cost not yet recognized | $	$ 3.2
Compensation cost not yet recognized, period for recognition	1 year 7 months 6 days
Award vesting period	3 years
Minimum
Additional disclosures
Award vesting rights, percentage	0.00%
Maximum
Additional disclosures
Award vesting rights, percentage	200.00%

Omnibus Incentive Plan Stock Ap

Omnibus Incentive Plan Stock Appreciation Rights Activity (Details) - Stock Appreciation Rights (SARs) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 29, 2020USD ($)$ / sharesshares
Stock Appreciation Rights
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
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
Vested or expected to vest (in dollars per share) | $ / shares	24.20
Exercisable (in dollars per share) | $ / shares	$ 0
Weighted average remaining contractual life (if years)
Outstanding at end of period, contractual life	9 years 2 months 4 days
Vested or expected to vest, contractual life	9 years 2 months 4 days
Exercisable, contractual life	0 years
Additional disclosures
Award vesting period	3 years
Expiration period	10 years
Compensation cost not yet recognized | $	$ 0.3
Compensation cost not yet recognized, period for recognition	2 years 2 months 12 days

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Related Party Transaction
Payment of TRA liability	$ 0	$ 26,468	$ 0
Goodwill, Purchase Accounting Adjustments	$ (22,700)		$ 1,800
Former Majority Stockholder, Atkins
Related Party Transaction
Payment of TRA liability		$ 26,500

Segment and Customer Informat_3

Segment and Customer Information (Details)	12 Months Ended
	Aug. 29, 2020segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment and Customer Informat_4

Segment and Customer Information Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended								6 Months Ended	9 Months Ended	12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 23, 2019	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 222,286	$ 215,101	$ 227,101	$ 152,153	$ 139,184	$ 139,468	$ 123,800	$ 121,306
Long lived assets	11,850				2,456						$ 11,850	$ 2,456
Net sales					139,184	$ 139,468	$ 123,800	$ 121,306	$ 245,106	$ 384,574	816,641	523,758	$ 437,854
North America(1)
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales											501,472	498,571	411,480
Long lived assets	11,841				2,437						11,841	2,437
International(1)
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales											28,366	25,187	26,374
Long lived assets	$ 9				$ 19						9	19
Atkins
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales											529,838	523,758	437,854
Quest
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales											$ 286,803	$ 0	$ 0

Segment and Customer Informat_5

Segment and Customer Information - Schedules of Concentration of Risk, by Risk Factor (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018
Concentration Risk [Line Items]
Accounts receivable, net	$ 89,740	$ 44,240
Customer 1 | Customer Concentration Risk | Sales Revenue, Net
Concentration Risk [Line Items]
Risk percentage	34.00%	44.00%	43.00%
Customer 1 | Customer Concentration Risk | Accounts receivable, net
Concentration Risk [Line Items]
Risk percentage	38.00%	39.00%
Accounts receivable, net	$ 34,411	$ 17,386
Customer 2 | Customer Concentration Risk | Sales Revenue, Net
Concentration Risk [Line Items]
Risk percentage	10.00%
Customer 2 | Customer Concentration Risk | Accounts receivable, net
Concentration Risk [Line Items]
Risk percentage	14.00%
Accounts receivable, net	$ 12,345

Restructuring and related cha_3

Restructuring and related charges (Details) $ in Thousands	12 Months Ended
	Aug. 29, 2020USD ($)
Restructuring charges and liability
Restructuring and Related Cost, Expected Cost	$ 8,100
Changes to the restructuring liability
Restructuring liability, beginning balance	0
Charges	5,527
Cash payments	(1,388)
Non-cash settlements or adjustments	0
Restructuring liability, ending balance	4,139
General and administrative expense
Restructuring charges and liability
Restructuring and Related Cost, Incurred Cost	5,500
Employee-related severance and benefits
Changes to the restructuring liability
Restructuring liability, beginning balance	0
Charges	4,139
Cash payments	0
Non-cash settlements or adjustments	0
Restructuring liability, ending balance	4,139
Other Restructuring
Changes to the restructuring liability
Restructuring liability, beginning balance	0
Charges	1,388
Cash payments	(1,388)
Non-cash settlements or adjustments	0
Restructuring liability, ending balance	$ 0

Unaudited Quarterly Financial_3

Unaudited Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	May 25, 2019	Feb. 23, 2019	Nov. 24, 2018	Feb. 29, 2020	Feb. 23, 2019	May 30, 2020	May 25, 2019	Aug. 29, 2020	Aug. 31, 2019	Aug. 25, 2018	Aug. 26, 2017
Condensed Consolidated Balance Sheet
Warrant liability	$ 93,638	$ 41,921	$ 73,624	$ 111,268	$ 124,576	$ 76,254	$ 68,647	$ 63,037	$ 73,624	$ 68,647	$ 41,921	$ 76,254	$ 93,638	$ 124,576	$ 51,903
Total liabilities	869,112	866,416	877,939	943,648	428,782	370,877	357,652	345,810	877,939	357,652	866,416	370,877	869,112	428,782
Additional paid-in-capital	1,076,472	1,071,617	1,069,471	1,066,636	715,740	714,146	712,549	710,829	1,069,471	712,549	1,071,617	714,146	1,076,472	715,740	596,364	$ 592,103
Retained earnings (accumulated deficit)	64,927	104,217	56,105	7,804	(711)	41,520	35,661	28,549	56,105	35,661	104,217	41,520	64,927	(711)	24,523	(12,863)
Total stockholders’ equity	1,139,333	1,173,728	1,123,409	1,072,413	712,868	753,732	748,067	739,541	1,123,409	748,067	1,173,728	753,732	1,139,333	712,868	620,795	579,965
Total liabilities and stockholders’ equity	2,008,445	2,040,144	2,001,348	2,016,061	1,141,650	1,124,609	1,105,719	1,085,351	2,001,348	1,105,719	2,040,144	1,124,609	2,008,445	1,141,650
Condensed Consolidated Statement of Comprehensive Income (Loss)
Net sales	222,286	215,101	227,101	152,153	139,184	139,468	123,800	121,306
Net sales					139,184	139,468	123,800	121,306		245,106		384,574	816,641	523,758	437,854
Cost of goods sold					80,011	82,811	74,145	69,108		143,253		226,064	492,313	306,075	254,966
Gross profit	88,102	88,626	85,394	62,206	59,173	56,657	49,655	52,198		101,853		158,510	324,328	217,683	182,888
Operating expenses					20,295	15,947	13,732	12,206		25,938		41,885		62,180
Selling and marketing					19,890	17,550	14,729	15,525		30,254		47,804	94,469	67,694	59,186
Total operating expenses					47,058	36,147	30,653	31,152		61,805		97,952	246,104	145,010	115,522
Income from operations	24,832	31,108	25,269	(2,985)	12,115	20,510	19,002	21,046		40,048		60,558	78,224	72,673	67,366
Gain (loss) in fair value change of warrant liability	(51,717)	31,703	37,644	13,308	(48,322)	(7,607)	(5,610)	(11,134)	50,952	(16,744)	82,655	(24,351)	30,938	(72,673)	(34,391)
Total other income (expense)	(59,034)	23,049	26,954	9,771	(50,832)	(10,067)	(7,863)	(12,434)	36,725	(20,297)	59,774	(30,364)	740	(81,196)	(46,030)
Income (loss) before income taxes	(34,202)	54,157	52,223	6,786	(38,717)	10,443	11,139	8,612	59,009	19,751	113,166	30,194	78,964	(8,523)	21,336
Income tax expense (benefit)					3,514	4,584	4,027	4,586		8,613		13,197	13,326	16,711	(16,050)
Net income (loss)	(39,290)	48,112	48,301	8,515	(42,231)	5,859	7,112	4,026	56,816	11,138	104,928	16,997	65,638	(25,234)	37,386
Comprehensive income (loss)	$ (39,253)	$ 48,173	$ 48,160	$ 8,515	$ (41,978)	$ 5,605	$ 6,933	$ 4,168	$ 56,675	$ 11,101	$ 104,848	$ 16,706	$ 65,595	$ (25,272)	$ 36,569
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.41)	$ 0.50	$ 0.51	$ 0.09	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.61	$ 0.14	$ 1.12	$ 0.21	$ 0.70	$ (0.31)	$ 0.53
Diluted (in dollars per share)	$ (0.41)	$ 0.17	$ 0.11	$ (0.05)	$ (0.52)	$ 0.07	$ 0.09	$ 0.05	$ 0.06	$ 0.14	$ 0.23	$ 0.21	$ 0.35	$ (0.31)	$ 0.51
Under previous method
Condensed Consolidated Balance Sheet
Warrant liability	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Total liabilities	775,474	824,495	804,315	832,380	304,206	294,623	289,005	282,773	804,315	289,005	824,495	294,623	775,474	304,206
Additional paid-in-capital	1,094,507	1,089,652	1,087,506	1,084,671	733,775	732,181	730,584	728,864	1,087,506	730,584	1,089,652	732,181	1,094,507	733,775	$ 614,399	610,138
Retained earnings (accumulated deficit)	140,530	128,103	111,694	101,037	105,830	99,739	86,273	73,551	111,694	86,273	128,103	99,739	140,530	105,830	58,294	(12,161)
Total stockholders’ equity	1,232,971	1,215,649	1,197,033	1,183,681	837,444	829,986	816,714	802,578	1,197,033	816,714	1,215,649	829,986	1,232,971	837,444	672,601	598,702
Total liabilities and stockholders’ equity	2,008,445	2,040,144	2,001,348	2,016,061	1,141,650	1,124,609	1,105,719	1,085,351	2,001,348	1,105,719	2,040,144	1,124,609	2,008,445	1,141,650
Condensed Consolidated Statement of Comprehensive Income (Loss)
Net sales					139,184	139,468	123,800	120,931		244,731		384,199		523,383	431,429
Cost of goods sold					80,011	82,811	74,145	69,011		143,156		225,967		305,978	251,063
Gross profit					59,173	56,657	49,655	51,920		101,575		158,232		217,405	180,366
Operating expenses					20,295	15,947	13,732	11,998		25,730		41,677		61,972
Selling and marketing					19,890	17,550	14,729	15,319		30,048		47,598		67,488	59,092
Total operating expenses					47,058	36,147	30,653	30,738		61,391		97,538		144,596	115,636
Income from operations					12,115	20,510	19,002	21,182		40,184		60,694	78,224	72,809	64,730
Gain (loss) in fair value change of warrant liability	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total other income (expense)	(7,317)	(8,654)	(10,690)	(3,537)	(2,510)	(2,460)	(2,253)	(1,300)	(14,227)	(3,553)	(22,881)	(6,013)	(30,198)	(8,523)	(11,639)
Income (loss) before income taxes	17,515	22,454	14,579	(6,522)	9,605	18,050	16,749	19,882	8,057	36,631	30,511	54,681	48,026	64,286	53,091
Income tax expense (benefit)					3,514	4,584	4,027	4,625		8,652		13,236	13,326	16,750	(17,364)
Net income (loss)	12,427	16,409	10,657	(4,793)	6,091	13,466	12,722	15,257	5,864	27,979	22,273	41,445	34,700	47,536	70,455
Comprehensive income (loss)	$ 12,464	$ 16,470	$ 10,516	$ (4,793)	$ 6,344	$ 13,212	$ 12,543	$ 15,399	$ 5,723	$ 27,942	$ 22,193	$ 41,154	$ 34,657	$ 47,498	$ 69,638
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.13	$ 0.17	$ 0.11	$ (0.05)	$ 0.07	$ 0.16	$ 0.16	$ 0.20	$ 0.06	$ 0.35	$ 0.24	$ 0.52	$ 0.37	$ 0.59	$ 1
Diluted (in dollars per share)	$ 0.12	$ 0.17	$ 0.11	$ (0.05)	$ 0.07	$ 0.16	$ 0.15	$ 0.18	$ 0.06	$ 0.33	$ 0.23	$ 0.49	$ 0.35	$ 0.56	$ 0.96
Change in accounting principle and presentation
Condensed Consolidated Balance Sheet
Warrant liability	$ 93,638				$ 124,576								$ 93,638	$ 124,576
Total liabilities	93,638				124,576								93,638	124,576
Additional paid-in-capital	(18,035)				(18,035)								(18,035)	(18,035)	$ (18,035)	(18,035)
Retained earnings (accumulated deficit)	(75,603)				(106,541)								(75,603)	(106,541)	(33,771)	(702)
Total stockholders’ equity	(93,638)				(124,576)								(93,638)	(124,576)	(51,806)	$ (18,737)
Total liabilities and stockholders’ equity	0				0								0	0
Condensed Consolidated Statement of Comprehensive Income (Loss)
Net sales														0	0
Cost of goods sold														0	0
Gross profit														0	0
Selling and marketing														0	0
Total operating expenses														0	0
Income from operations													0	0	0
Gain (loss) in fair value change of warrant liability													30,938	(72,673)	(34,391)
Total other income (expense)													30,938	(72,673)	(34,391)
Income (loss) before income taxes													30,938	(72,673)	(34,391)
Income tax expense (benefit)														0	0
Net income (loss)													30,938	(72,673)	(34,391)
Comprehensive income (loss)													$ 30,938	(72,673)	$ (34,391)
Earnings (loss) per share:
Basic (in dollars per share)													$ 0.33		$ 0.47
Diluted (in dollars per share)															$ 0.45
srt_RestatementAdjustmentTotal
Condensed Consolidated Balance Sheet
Warrant liability	93,638	$ 41,921	$ 73,624	$ 111,268	124,576	$ 76,254	$ 68,647	$ 63,037	$ 73,624	$ 68,647	$ 41,921	$ 76,254	$ 93,638	124,576
Total liabilities	93,638	41,921	73,624	111,268	124,576	76,254	68,647	63,037	73,624	68,647	41,921	76,254	93,638	124,576
Additional paid-in-capital	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)	(18,035)
Retained earnings (accumulated deficit)	(75,603)	(23,886)	(55,589)	(93,233)	(106,541)	(58,219)	(50,612)	(45,002)	(55,589)	(50,612)	(23,886)	(58,219)	(75,603)	(106,541)
Total stockholders’ equity	(93,638)	(41,921)	(73,624)	(111,268)	(124,576)	(76,254)	(68,647)	(63,037)	(73,624)	(68,647)	(41,921)	(76,254)	(93,638)	(124,576)
Total liabilities and stockholders’ equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Condensed Consolidated Statement of Comprehensive Income (Loss)
Net sales					0	0	0	375		375		375		375
Cost of goods sold					0	0	0	97		97		97		97
Gross profit					0	0	0	278		278		278		278
Operating expenses					0	0	0	208		208		208		208
Selling and marketing					0	0	0	206		206		206		206
Total operating expenses					0	0	0	414		414		414		414
Income from operations					0	0	0	(136)		(136)		(136)		(136)
Gain (loss) in fair value change of warrant liability	(51,717)	31,703	37,644	13,308	(48,322)	(7,607)	(5,610)	(11,134)	50,952	(16,744)	82,655	(24,351)	30,938	(72,673)
Total other income (expense)	(51,717)	31,703	37,644	13,308	(48,322)	(7,607)	(5,610)	(11,134)	50,952	(16,744)	82,655	(24,351)	30,938	(72,673)
Income (loss) before income taxes	(51,717)	31,703	37,644	13,308	(48,322)	(7,607)	(5,610)	(11,270)	50,952	(16,880)	82,655	(24,487)	30,938	(72,809)
Income tax expense (benefit)					0	0	0	(39)		(39)		(39)		(39)
Net income (loss)	(51,717)	31,703	37,644	13,308	(48,322)	(7,607)	(5,610)	(11,231)	50,952	(16,841)	82,655	(24,448)	30,938	(72,770)
Comprehensive income (loss)	$ (51,717)	$ 31,703	$ 37,644	$ 13,308	$ (48,322)	$ (7,607)	$ (5,610)	$ (11,231)	$ 50,952	$ (16,841)	$ 82,655	$ (24,448)	$ 30,938	$ (72,770)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.54)	$ 0.33	$ 0.40	$ 0.14	$ (0.59)	$ (0.09)	$ (0.07)	$ (0.15)	$ 0.55	$ (0.21)	$ 0.88	$ (0.31)	$ 0.33	$ (0.90)
Diluted (in dollars per share)	$ (0.53)	$ 0	$ 0	$ 0	$ (0.59)	$ (0.09)	$ (0.06)	$ (0.13)	$ 0	$ (0.19)	$ 0	$ (0.28)	$ 0	$ (0.87)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	Sep. 24, 2020USD ($)
Subsequent Event [Line Items]
Proceeds from SimplyProtein Sale	$ 8.8
Cash proceeds from SimplyProtein Sale	5.8
Note Receivable from SimplyProtein Sale	$ 3