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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Aug. 26, 2017	Nov. 06, 2017	Feb. 25, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Simply Good Foods Co.
Entity Central Index Key	0001702744
Current Fiscal Year End Date	--08-26
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Aug. 26, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		70,582,573
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0

Consolidated Balance Sheets - USD ($)	Aug. 26, 2017	Aug. 27, 2016
Current assets:
Cash and cash equivalents	$ 56,501,000
Accounts receivable, net	37,181,000
Inventories, net	29,062,000
Prepaid expenses	2,904,000
Other current assets	8,263,000
Total current assets	133,911,000
Long-term assets:
Property and equipment, net	2,105,000
Intangible assets, net	319,148,000
Goodwill	465,030,000
Other long term assets	2,294,000
Total assets	922,488,000
Current liabilities:
Accounts payable	14,859,000
Accrued interest	561,000
Accrued expenses and other current liabilities	15,042,000
Current portion of TRA liability	2,548,000
Current maturities of long-term debt	234,000
Total current liabilities	33,244,000
Long-term liabilities:
Long-term debt, less current maturities	191,856,000
Warrant liabilities	0
Long term portion of TRA liability	23,127,000
Deferred income taxes	75,559,000
Total liabilities	323,786,000
See commitments and contingencies (Note 10)
Stockholders' equity (deficit):
Preferred stock (Successor), $0.01 par value, 100,000,000 shares authorized, none issued	0
Common stock (Successor), $0.01 par value, 600,000,000 shares authorized, 70,628,322 issued and outstanding	706,000
Additional paid-in-capital	610,138,000
(Accumulated deficit) Retained earnings	(12,161,000)
Accumulated other comprehensive income (loss)	19,000
Total stockholders' equity (deficit)	598,702,000
Total liabilities and stockholders' equity (deficit)	922,488,000
(Predecessor)
Current assets:
Cash and cash equivalents		$ 78,492,000
Accounts receivable, net		42,839,000
Inventories, net		27,544,000
Prepaid expenses		1,753,000
Other current assets		8,353,000
Total current assets		158,981,000
Long-term assets:
Property and equipment, net		2,273,000
Intangible assets, net		185,688,000
Goodwill		40,724,000
Other long term assets		1,846,000
Total assets		389,512,000
Current liabilities:
Accounts payable		18,750,000
Accrued interest		4,028,000
Accrued expenses and other current liabilities		16,629,000
Current portion of TRA liability		0
Current maturities of long-term debt		11,387,000
Total current liabilities		50,794,000
Long-term liabilities:
Long-term debt, less current maturities		321,638,000
Warrant liabilities		15,722,000
Long term portion of TRA liability		0
Deferred income taxes		29,192,000
Total liabilities		417,346,000
See commitments and contingencies (Note 10)
Stockholders' equity (deficit):
Common stock (Successor), $0.01 par value, 600,000,000 shares authorized, 70,628,322 issued and outstanding		5,000
Additional paid-in-capital		(43,551,000)
(Accumulated deficit) Retained earnings		16,155,000
Accumulated other comprehensive income (loss)		(443,000)
Total stockholders' equity (deficit)	$ (28,027,000)	(27,834,000)
Total liabilities and stockholders' equity (deficit)		$ 389,512,000

Consolidated Balance Sheets (Parentheticals) - $ / shares	Aug. 26, 2017	Aug. 27, 2016
Preferred stock par value (in dollars per share)	$ 0.01
Preferred stock shares authorized (in shares)	100,000,000
Preferred stock shares issued (in shares)	0
Common stock par value (in dollars per share)	$ 0.01
Common stock shares authorized (in shares)	600,000,000
Common stock shares issued (in shares)	70,628,322
Common stock shares outstanding (in shares)	70,628,322
(Predecessor)
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	600,000	600,000,000
Common stock shares issued (in shares)		508,132,000
Common stock shares outstanding (in shares)		508,132,000

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Net sales	$ 56,334
Cost of goods sold	35,941
Gross profit	20,393
Operating Expenses:
Distribution	2,784
Selling	2,322
Marketing	4,615
General and administrative	7,813
Depreciation and amortization	1,000
Business combination transaction costs	0
Other Expense	0
Total operating expenses	18,534
Income from operations	1,859
Other income (expense):
Change in warrant liabilities	0
Interest expense	(1,662)
Loss (gain) on foreign currency transactions	513
Other income	30
Total other expense	(1,119)
Income (loss) before income taxes	740
Income tax expense (benefit)	290
Net income (loss)	450			$ 10,034
Other comprehensive income:
Foreign currency translation adjustments	19
Comprehensive income (loss)	$ 469
Earnings per share from net income:
Basic (in dollars per share)	$ 0.01
Diluted (in dollars per share)	$ 0.01
Weighted average shares outstanding:
Basic (in shares)	70,562,477
Diluted (in shares)	71,254,770
(Predecessor)
Net sales		$ 252,898	$ 339,837	427,858	$ 429,858
Cost of goods sold		151,978	179,998	248,464	249,832
Gross profit		100,920	159,839	179,394	180,026
Operating Expenses:
Distribution		11,429	14,970	18,489	19,481
Selling		14,632	13,905	18,513	22,282
Marketing		30,515	33,589	37,751	33,548
General and administrative		29,028	39,276	46,961	41,000
Depreciation and amortization		7,267	8,617	10,179	11,195
Business combination transaction costs		0	25,608	0	0
Other Expense		65	141	1,542	146
Total operating expenses		92,936	136,106	133,435	127,652
Income from operations		7,984	23,733	45,959	52,374
Other income (expense):
Change in warrant liabilities		1,689	722	(722)	143
Interest expense		(18,331)	(22,724)	(27,195)	(27,823)
Loss (gain) on foreign currency transactions		(1,045)	133	(619)	(1,211)
Other income		55	221	118	96
Total other expense		(17,632)	(21,648)	(28,418)	(28,795)
Income (loss) before income taxes		(9,648)	2,085	17,541	23,579
Income tax expense (benefit)		(4,334)	4,570	7,507	9,623
Net income (loss)		(5,314)	(2,485)	10,034	13,956
Other comprehensive income:
Foreign currency translation adjustments		(27)	(199)	621	292
Comprehensive income (loss)		$ (5,341)	$ (2,684)	$ 10,655	$ 14,248

Condensed Statement of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income
Beginning balance (Predecessor) at Dec. 28, 2013	$ (53,911)	$ 5	$ (50,066)	$ (2,521)	$ (1,329)
Beginning balance (in shares) (Predecessor) at Dec. 28, 2013		501,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) \| Predecessor	13,956			13,956
Stock compensation \| Predecessor	1,428		1,428
Foreign currency translation adjustment \| Predecessor	292				292
Excess tax benefit from stock-based compensation \| Predecessor	97		97
Exercise of options to purchase common stock \| Predecessor	1,921		1,921
Exercise of options to purchase common stock (in shares) \| Predecessor		4,833
Ending balance (Predecessor) at Dec. 27, 2014	(36,217)	$ 5	(46,620)	11,435	(1,037)
Ending balance (in shares) (Predecessor) at Dec. 27, 2014		505,948
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) \| Predecessor	(5,314)			(5,314)
Stock compensation \| Predecessor	225		225
Foreign currency translation adjustment \| Predecessor	(27)				(27)
Exercise of options to purchase common stock \| Predecessor	11		11
Exercise of options to purchase common stock (in shares) \| Predecessor		72
Ending balance (Predecessor) at Aug. 29, 2015	(41,322)	$ 5	(46,384)	6,121	(1,064)
Ending balance (in shares) (Predecessor) at Aug. 29, 2015		506,020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) \| Predecessor	10,034			10,034
Net income (loss)	10,034
Stock compensation \| Predecessor	2,104		2,104
Foreign currency translation adjustment \| Predecessor	621				621
Excess tax benefit from stock-based compensation \| Predecessor	403		403
Exercise of options to purchase common stock \| Predecessor	326		326
Exercise of options to purchase common stock (in shares) \| Predecessor		2,112
Ending balance (Predecessor) at Aug. 27, 2016	$ (27,834)	$ 5	(43,551)	16,155	(443)
Ending balance (in shares) (Predecessor) at Aug. 27, 2016	508,132,000	508,132
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) \| Predecessor	$ (2,485)
Foreign currency translation adjustment \| Predecessor	$ (199)
Exercise of options to purchase common stock (in shares) \| Predecessor	31,500
Ending balance at Jul. 06, 2017	$ 597,821	$ 706	609,726	(12,611)
Ending balance (in shares) at Jul. 06, 2017		70,562,000
Beginning balance (Predecessor) at Aug. 27, 2016	$ (27,834)	$ 5	(43,551)	16,155	(443)
Beginning balance (in shares) (Predecessor) at Aug. 27, 2016	508,132,000	508,132
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) \| Predecessor	$ (2,485)			(2,485)
Stock compensation \| Predecessor	2,441		2,441
Foreign currency translation adjustment \| Predecessor	(199)				(199)
Excess tax benefit from stock-based compensation \| Predecessor	(59)		(59)
Exercise of options to purchase common stock \| Predecessor	109		109
Exercise of options to purchase common stock (in shares) \| Predecessor		387
Ending balance (Predecessor) at Aug. 26, 2017	(28,027)	$ 5	(41,060)	13,670	(642)
Ending balance at Aug. 26, 2017	$ 598,702	$ 706	610,138	(12,161)	19
Ending balance (in shares) (Predecessor) at Aug. 26, 2017		508,519
Ending balance (in shares) at Aug. 26, 2017	70,628,322	70,628,000
Beginning balance at Jul. 06, 2017	$ 597,821	$ 706	609,726	(12,611)
Beginning balance (in shares) at Jul. 06, 2017		70,562,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	450			450
Stock compensation	412		412
Foreign currency translation adjustment	19				19
Issuance of Restricted Stock Units (in shares)		66,000
Ending balance (Predecessor) at Aug. 26, 2017	(28,027)	$ 5	(41,060)	13,670	(642)
Ending balance at Aug. 26, 2017	$ 598,702	$ 706	$ 610,138	$ (12,161)	$ 19
Ending balance (in shares) (Predecessor) at Aug. 26, 2017		508,519
Ending balance (in shares) at Aug. 26, 2017	70,628,322	70,628,000

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended			8 Months Ended	10 Months Ended	12 Months Ended
	Jul. 06, 2017	Aug. 26, 2017	Nov. 26, 2016	Aug. 27, 2016	Nov. 28, 2015	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Operating activities
Net income (loss)		$ 450							$ 10,034
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		1,000
Amortization of deferred financing costs and debt discount		192
Stock compensation expense		412
Change in warrant liabilities		0						$ 700
Unrealized (gain) loss on foreign currency transactions		(513)
Deferred income taxes		(382)
Changes in operating assets and liabilities:
Accounts receivable, net		(5,556)
Inventories, net		4,130
Prepaid expenses		(1,107)
Other current assets		5,340
Accounts payable		2,089
Accrued interest		561
Accrued expenses and other current liabilities		(34,096)
Other		124
Net cash provided by (used in) operating activities		(27,356)
Investing activities
Purchases of property, plant, and equipment		(458)
Acquisition of business, net of cash acquired		(600,825)
Cash withdrawn from trust account		403,979
Net cash provided by (used in) investing activities		(197,304)
Financing activities
Proceeds from option exercises		0
Excess tax benefit from stock-based compensation		0
Principal payments of long-term debt		0
Proceeds from issuance of private placement equity, net of issuance costs		97,000
Proceeds from issuance of long term debt, net of issuance costs		191,899
Payment of Conyers Park deferred equity issuance costs		(8,100)
Net cash provided by (used in) financing activities		280,799
Cash and cash equivalents
Net increase (decrease) in cash		56,139
Effect of exchange rate on cash		159
Cash at beginning of period		203
Cash and cash equivalents at end of period	$ 203	56,501					$ 203	56,501
Supplemental disclosures of cash flow information
Cash paid for interest		909
Cash paid for taxes		0
(Predecessor)
Operating activities
Net income (loss)	(17,082)		$ 6,787	$ 1,159	$ 5,709	$ (5,314)	(2,485)	(2,485)	10,034	$ 13,956
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization						7,267	8,617		10,179	11,195
Amortization of deferred financing costs and debt discount						1,285	1,950		2,159	2,126
Stock compensation expense						225	2,441		2,104	1,428
Change in warrant liabilities						(1,689)	(722)		722	(143)
Unrealized (gain) loss on foreign currency transactions						1,045	(133)		619	1,211
Deferred income taxes						(3,852)	(3,880)		5,505	8,786
Changes in operating assets and liabilities:
Accounts receivable, net						24,852	14,447		(14,854)	(8,676)
Inventories, net						(2,734)	1,912		6,078	833
Prepaid expenses						1,924	36		(391)	453
Other current assets						(574)	(10,548)		(1,309)	(4,735)
Accounts payable						(3,872)	(7,246)		2,247	(205)
Accrued interest						(1,986)	(3,615)		(211)	(113)
Accrued expenses and other current liabilities						4,126	21,459		6,029	(2,619)
Other						(277)	(294)		112	(18)
Net cash provided by (used in) operating activities						20,426	21,939		29,023	23,479
Investing activities
Purchases of property, plant, and equipment						(968)	(498)		(815)	(875)
Acquisition of business, net of cash acquired						0	(19,960)		0	0
Cash withdrawn from trust account						0	0		0	0
Net cash provided by (used in) investing activities						(968)	(20,458)		(815)	(875)
Financing activities
Proceeds from option exercises						11	109		326	1,921
Excess tax benefit from stock-based compensation						0	(59)		403	97
Principal payments of long-term debt						(2,176)	(53,586)		(7,464)	(6,875)
Proceeds from issuance of private placement equity, net of issuance costs						0	0		0	0
Proceeds from issuance of long term debt, net of issuance costs						0	0		0	0
Payment of Conyers Park deferred equity issuance costs						0	0		0	0
Net cash provided by (used in) financing activities						(2,165)	(53,536)		(6,735)	(4,857)
Cash and cash equivalents
Net increase (decrease) in cash						17,293	(52,055)		21,473	17,747
Effect of exchange rate on cash						(113)	(10)		(75)	(249)
Cash at beginning of period		$ 26,427	$ 78,492		$ 57,094	39,914	78,492	$ 78,492	57,094	22,416
Cash and cash equivalents at end of period	$ 26,427			$ 78,492		57,094	26,427		78,492	39,914
Supplemental disclosures of cash flow information
Cash paid for interest						19,067	24,334		25,247	25,798
Cash paid for taxes						$ 368	$ 12,711		$ 812	$ 3,624

Nature of Operations and Principles of Consolidation	12 Months Ended
Nature of Operations and Principles of Consolidation	Aug. 26, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Conyers Park Acquisition Corp (“Conyers Park”) was formed on April 20, 2016, as a special purpose acquisition company ("SPAC") for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Simply Good Foods Company ("Simply Good Foods”), was formed by Conyers Park on March 30, 2017. On April 10, 2017, Conyers Park and NCP-ATK Holdings, Inc. (“Atkins”) announced that they entered into a definitive agreement (the "Merger Agreement"). On July 7, 2017, (the "Closing Date"), pursuant to the Merger Agreement, Conyers Park merged into Simply Good Foods which acquired Atkins. As a result, both entities became wholly-owned subsidiaries of Simply Good Foods. Simply Good Foods was listed on the NASDAQ stock exchange under the symbol “SMPL” upon the consummation of the transaction (the “Business Combination”). Atkins was formerly owned by Roark Capital Management, LLC (“Roark”). The Business Combination resulted in Conyers Park controlling the board of directors of the combined entity. As a result, for accounting purposes, Simply Good Foods is the Business Combination acquirer and the accounting "successor" while Atkins is the acquiree and accounting "predecessor". Our financial statement presentation includes the financial statements of Atkins as “predecessor” for all periods prior to the Closing Date and of Simply Good Foods, including the consolidation of Atkins, for periods after the Closing Date. For convenience supplemental 52-week pro forma combined fiscal information is included within “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations” that gives effect to the Business Combination as if such transaction had been consummated on August 28, 2016. References to information provided for 2017 on a pro forma combined basis refer to such supplemental pro forma financial information. See Note 3. Business Combinations, for a detailed discussion of the Business Combination. Unless the context otherwise requires, “we,” “us,” “our” and the “Company” refer, for periods prior to the completion of the Business Combination, to Atkins and its subsidiaries, and, for periods upon or after the completion of the Business Combination, to Simply Good Foods and its subsidiaries. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany accounts and transactions have been eliminated in the consolidated financial statements. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company maintains its accounting records on a 52/53-week year. During 2015, Atkins changed its fiscal year-end to the last Saturday in August. As a result of the Business Combination and the change in fiscal year, the financial information presented within the financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) including Regulation S-X. The accompanying financial statements include consolidated balance sheet information for the successor period ending August 26, 2017 and predecessor period ending August 27, 2016. The remaining financial statements include the successor period from July 7, 2017 through August 26, 2017, the predecessor period from August 28, 2016 through July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014. Description of Business Simply Good Foods operates in the healthy snacking category. The Atkins brand approach focuses on a healthy eating approach with reduced levels of refined carbohydrates and refined sugars and encourages the consumption of lean protein, fiber, fruits, vegetables, and good fats. The Company sells a variety of nutrition bars, shakes, and frozen meals designed around the nutrition principles of the Atkins eating approach. The Company has experienced in the past, and expects to continue to experience, seasonal fluctuations in sales as a result of consumer spending patterns. Historically, sales have been greatest in the first calendar quarter as the Company sells product to retail locations, which sell to consumers in the second fiscal quarter, primarily driven by the post-holiday diet season. The Company has also seen minimal seasonality with the summer diet season and back to school shopping in the third and fourth fiscal quarters, respectively. The period of the lowest sales has historically been the fourth fiscal quarter. The Company believes these consumer spending patterns are driven primarily by the predisposition of consumers to adjust their approach to nutrition at certain times of the year as well as the timing of the Company’s advertising linked with key customer promotion windows. Licensing of the Frozen Meals On September 1, 2016, the agreement with Bellisio Foods to license Atkins’ frozen meals resulting in royalty income became effective. Royalty income is recorded in net sales for the successor period from July 7, 2017 through August 26, 2017 and for the predecessor period from August 28, 2016 through July 6, 2017. In prior periods, frozen sales and related profitability was included in net sales and operating income. For a further discussion of this agreement, see Note 17. Significant Agreement, in the notes to the Financial Statements.

Summary of Significant Accounting Policies

12 Months Ended

Aug. 26, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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.

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. Because of the short maturity of these investments, the carrying amounts approximate their fair value.

Concentration of Credit Risk

We maintain cash balances in six financial institutions. The Company holds material cash balances in the U.S. which are insured by the Federal Deposit Insurance Corporation up to $0.3 million per institution. From time to time, the Company’s balances may exceed these limits. As of August 26, 2017 and August 27, 2016, uninsured cash balances were approximately $56.1 million and $78.2 million, respectively. As a result of the acquisition of Wellness Foods, discussed in Note 3. Business Combinations, the Company has banking relationships in Canada subject to the Canadian Deposit Insurance Corporation which insures up to CAD $0.1 million per institution. As of August 26, 2017, the Company had uninsured CAD $3.1 million related to Wellness Foods banking relationships. The Company believes it is not exposed to any significant credit risk on cash.

Accounts Receivable and Trade Promotions

The Company estimates the allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information and fiscal strength of customer. Normally, accounts receivable are due within 30 days after the date of the invoice. Receivables more than 90 days old are considered past due. Accounts receivable are written off when they are determined to be uncollectible. The Company’s policy for estimating allowances for doubtful accounts with respect to receivables is to record an allowance based on a historical evaluation of write-offs, aging of balances, and other quantitative and qualitative analysis. At August 26, 2017, and August 27, 2016, the allowance for doubtful accounts was $0.4 million and $0.3 million, respectively.

The Company estimates allowances to reflect commitments made to customers for customer-executed promotional activities and other incentive offerings, including special pricing agreements, price protection, promotions, and volume-based incentives, as well as damaged and aged customer inventory. These allowances are based on historical evaluations, both qualitative and quantitative, as well as the Company’s best estimate of current activity. The allowances for customer programs and other incentive offerings are recorded at the time the incentive is offered or at the time of revenue recognition for the underlying transaction that results in progress by the customer toward earning the incentive. The Company’s allowances for these commitments are recorded as a reduction to both accounts receivables and net sales. As of August 26, 2017 and August 27, 2016, accounts receivable included commitments of $7.8 million and $9.6 million, respectively.

Inventories

Inventories, which consist of nutrition bars, shakes, frozen meals and packaging material, are valued at the lower of cost or market, with cost determined using standard costs which approximate costs determined on the first-in, first-out method, and with market defined as the lower of replacement cost or realizable value. Inventories consist materially of finished goods.

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 26, 2017 and August 27, 2016, the provision for obsolete inventory was $1.0 million and $1.0 million, respectively.

As a result of the Business Combination, Simply Good Foods recorded a one-time inventory fair value step-up of $6.0 million, as determined in accordance with FASB Accounting Standards Codification (“ASC”) 820, Fair Value Measurements ("ASC 820"). Refer to Note 3. Business Combinations for additional information regarding the transaction. The one-time inventory fair value step-up impacts cost of goods sold of the successor period.

Property and Equipment

Property and equipment are stated at cost or the allocated fair value in purchase accounting, net of accumulated depreciation. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred. When items of property and equipment are sold or retired, the related costs and accumulated depreciation are removed from the accounts, and any gain or loss is included in other income.

The Company capitalizes costs of materials and consultants involved in developing its website and mobile applications for smart phones (collectively, “website development costs”). Costs incurred during the preliminary project and post-implementation stages are charged to expense. Website development costs are amortized on a straight-line basis over an estimated useful life of three years. Included in property and equipment are website development costs as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Website development costs, gross	$	899		$	2,063
Accumulated amortization	(91		)	(1,215		)
Website development costs, net	$	808		$	848

Amortization of capitalized website development costs expensed were $0.1 million for the successor period from July 7, 2017 through August 26, 2017 and $0.5 million for the predecessor period from August 28, 2016 through July 6, 2017, and $0.6 million, $0.3 million, and $0.8 million during the fiscal years ended August 27, 2016, August 29, 2015, and December 27, 2014, respectively.

There were no disposals of fully amortized website development costs during the successor period from July 7, 2017 through August 26, 2017 or the predecessor period from August 28, 2016 through July 6, 2017, or for the fiscal periods ending August 27, 2016, and August 29, 2015. For the fiscal year ended December 27, 2014, the total disposals of fully amortized website development costs was $1.9 million.

Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:



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 determines whether there has been an impairment of long-lived assets, excluding goodwill and indefinite-lived intangible assets, whenever events or changes in business circumstances indicate that the carrying value of any long-lived assets may not be fully recoverable. There were no indicators of impairment in the successor period from July 7, 2017 through August 26, 2017 or the predecessor period from August 28, 2016 through July 6, 2017, or the fiscal years ending August 27, 2016, August 29, 2015, and December 27, 2014.

Goodwill and Intangible Assets

Goodwill and intangible assets result primarily from the Business Combination and acquisitions including the 2011 acquisition of the Company by Roark. 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.

Finite-lived intangible assets are amortized utilizing the straight-line method 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" significant accounting policy.

For goodwill and other intangible assets that have indefinite lives, those assets are not amortized. Rather, impairment tests are conducted on an annual basis or more frequently if indicators of impairment are present. Goodwill is allocated to the reporting unit in which the business that created the goodwill resides. A reporting unit is an operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by segment management. The Company has determined that it has one reporting unit for purposes of allocating goodwill.

A qualitative assessment of goodwill and indefinite-lived intangibles was performed in 2014, 2015, 2016 and 2017. Qualitative assessment includes consideration for the economic, industry and market conditions in addition to the overall financial performance of the Company and these assets. Based on the results of assessment, it was determined that it is more likely than not the reporting unit had a fair value in excess of carrying value. Accordingly, no further impairment testing was completed and no impairment charges related to goodwill or indefinite-lived intangibles were recognized during the fiscal periods ended August 26, 2017, August 27, 2016, August 29, 2015 or December 27, 2014.

Deferred Financing Costs and Debt Discounts

Costs incurred in obtaining long-term financing paid to parties other than creditors are considered a debt discount 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.

Research and Development Activities

The Company’s research and development activities primarily consist of generating and testing new product concepts, new flavors, and packaging and are primarily internal. The Company expenses research and development costs as incurred as they primarily relate to compensation, facility costs and purchased research and development services, materials and supplies. Research and development costs are included in general and administrative expenses in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss). The Company’s total research and development expenses were $0.4 million for the successor period from July 7, 2017 through August 26, 2017 and $1.9 million for the predecessor period from August 28, 2016 through July 6, 2017, and $2.1 million, $1.4 million, and $2.1 million for the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively.

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 bases 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.

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 rate of exchange prevailing during each reporting period. Translation adjustments arising from the translation of these amounts are recorded as a component of Other Comprehensive Income (Loss).

Unrealized foreign currency gains and losses arising from the remeasurement of intercompany positions within the Company’s international subsidiaries are recorded as a component of other income (expense).

Revenue Recognition

The Company recognizes revenue from the sale of product when (i) persuasive evidence of an arrangement exists, (ii) the price is fixed or determinable, (iii) title and risk of loss pass to the customer at the time of delivery and (iv) there is reasonable assurance of collection of the sales proceeds. The Company records estimated reductions to revenue for customer programs, slotting fees and incentive offerings, including special pricing agreements, price protection, promotions and other volume-based incentives at the time the incentive is offered or at the time of revenue recognition for the underlying transaction that results in progress by the customer toward earning the incentive. Some of these incentives are recorded by estimating costs based on Atkins’ historical experience and expected levels of performance of the trade promotion.

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 $3.8 million for the successor period from July 7, 2017 through August 26, 2017 and $26.6 million for the predecessor period from August 28, 2016 through July 6, 2017; and $27.8 million, $23.0 million, and $27.7 million for the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively.

Production costs related to television commercials not yet aired are included in prepaid expenses in the accompanying Consolidated Balance Sheets. Production costs included $1.2 million and nil related to television commercials not yet aired at August 26, 2017 and August 27, 2016, respectively.

Share-Based Compensation

Share-based compensation is rewarded to employees, directors, and consultants of the Company. Share-based compensation expense is recognized for equity awards over the vesting period based on their grant-date fair value. The fair value of option awards is estimated at the date of grant using the Black-Scholes valuation model. The exercise price of each stock option equals or exceeds the estimated fair value of the Company’s stock price on the date of grant. Options can generally be exercised over a maximum term of ten years. Compensation expense is recognized only for equity awards expected to vest, and the Company accounts for forfeitures as they are incurred. Share based compensation expense is included within the same financial statement caption where the recipient’s other compensation is reported.

Shipping and Handling Costs

Costs associated with products shipped to customers are recognized in distribution in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). The Company’s cost of sales does not include shipping and handling amounts related to the delivery to the buyer. Costs of $2.8 million for the successor period from July 7, 2017 through August 26, 2017 and $15.0 million for the predecessor period from August 28, 2016 through July 6, 2017 were recorded and $18.5 million, $11.4 million, and $19.5 million associated with products shipped to customers in the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively.

Recently Issued and Adopted Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers. The objective of ASU No. 2014-09 is to outline a new, single comprehensive model to use in accounting for revenue arising from contracts with customers. The new revenue recognition model provides a five-step analysis for determining when and how revenue is recognized, depicting the transfer of promised goods or services to customers in an amount that reflects the consideration that is expected to be received in exchange for those goods or services. On July 9, 2015, the FASB voted to delay the implementation of ASU No. 2014-09 by one year to fiscal years and interim periods within those years beginning after December 15, 2017. An entity may elect to early adopt as of the original effective date, fiscal years and interim periods within those years beginning after December 15, 2016. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing which provides additional clarification regarding identifying performance obligations and licensing. In December 2016, the FASB issued ASU No. 2016-19, 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. These ASUs will replace most existing revenue recognition guidance in GAAP and, due to the Business Combination, will be effective for the Company beginning in fiscal 2019. The standard permits the use of either the retrospective or modified retrospective (cumulative effect) transition method and the Company has not yet selected which transition method to apply.

The Company is currently evaluating recently issued guidance on practical expedients as part of the transition decision. Upon initial evaluation, the Company believes the key changes in the standard that impact revenue recognition relate to the recognition of customer programs and incentive offerings, including special pricing agreements, price protection, promotion, and other volume-based incentives. The Company is still in the process of evaluating these impacts.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40) - Going Concern: Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. ASU No. 2014-15 explicitly requires management to evaluate, at each annual or interim reporting period, whether there are conditions or events that exist which raise substantial doubt about an entity's ability to continue as a going concern and to provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and annual and interim periods thereafter, with early adoption permitted. The Company has evaluated the adoption of this new standard on its financial statement disclosures and does not anticipate there to be an impact.

In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory. The amendments clarify that an entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Substantial and unusual losses that result from subsequent measurement of inventory should be disclosed in the financial statements. The Company has adopted the new accounting standard in the interim period ending February 25, 2017 and no adjustments were made to the inventory balance as a result of the adoption.

In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10). This new standard enhances the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. The provisions of this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. This ASU is effective for the Company’s August 2018 fiscal year end. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for the Company beginning in fiscal 2019. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the effects adoption of this guidance will have on its consolidated financial statements.

In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting. The pronouncement simplifies the accounting for income tax consequences of share-based payment transactions. The new guidance requires that all of the tax related to share-based payments be recorded in earnings at settlement (or expiration). This guidance is effective for the Company beginning in fiscal 2017. Early adoption is permitted. The Simply Good Foods Company adopted this accounting pronouncement on a prospective basis within the successor period of the financial statements.

In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new guidance is intended to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. This new standard is effective for the Company starting in fiscal year 2019. The Company does not anticipate adoption of this ASU will have a material impact on its Consolidated Statement of Cash Flows.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment. The amended standard simplifies how an entity tests goodwill by eliminating Step 2 of the goodwill impairment test. The amended standard also modifies the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The new guidance is effective for the Company beginning in fiscal 2020. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of the new guidance on its goodwill impairment testing.

In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805), to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. These provisions are to be applied prospectively and are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is effective for the Company’s 2019 fiscal year end. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements.

In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting. The amended standard specifies the modification accounting applicable to any entity which changes the terms or conditions of a share-based payment award. The new guidance is effective for all entities after December 2017. Early adoption is permitted. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements.

Business Combinations

12 Months Ended

Aug. 26, 2017

Business Combinations [Abstract]

Business Combinations

Acquisition of Atkins

Upon the consummation of the Business Combination, and though a number of sub-mergers discussed in Note 1. Nature of Operations and Principles of Consolidation of the consolidated financial statements, Conyers Park merged into Simply Good Foods which subsequently acquired, and obtained control over Atkins. As a result of the Business Combination, Simply Good Foods is the acquirer for accounting purposes, and Atkins is the acquiree and accounting predecessor. The Company’s financial statement presentation distinguishes a “Predecessor” for Atkins for periods prior to the Closing Date. The Company is the “Successor” for periods after the Closing Date, which includes consolidation of Atkins subsequent to the Business Combination. The Merger was accounted for as a business combination using the acquisition method of accounting, and the Successor financial statements reflect a new basis of accounting that is based on the fair value of the net assets acquired. The historical financial information of Conyers Park, prior to the Business Combination, are not reflected in the Predecessor financial statements as those amounts are considered de-minimus. The financial statements of Conyers Park are included in the post-merger Successor entity, which includes balance sheet and equity items of Conyers Park assumed by Simply Good Foods through the transaction. As a result of the application of the acquisition method of accounting as of the Closing Date, the financial statements for the Predecessor period and for the Successor period are presented on a different basis of accounting and are therefore not comparable.

The Business Combination is accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations (“ASC 805”). ASC 805 requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values, as determined in accordance with ASC 820, Fair Value Measurements, as of the Business Combination date. Consistent with the acquisition method of accounting, the assets acquired and liabilities assumed from Atkins have been recorded at their respective fair values and added to those of Conyers Park. ASC 805 establishes a measurement period to provide the Company with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date.

The Business Combination was funded by Conyers Park through a combination of cash, stock, and debt financing. Cash sources of funding included $404.0 million of cash held in Conyers Park’s trust account, $100.0 million from private placement equity investment, $200.0 million in new term loan debt, and $0.2 million of cash on hand at Conyers Park. Upon the close of the transaction, a total of $8.1 million was paid in debt issuance costs related to the new term loan, $8.1 million was paid in deferred equity issuance costs related to the original IPO of Conyers Park, $3.0 million was paid related to the private placement equity issuance costs, and $12.4 million of cash was paid in acquisition-related transaction costs incurred by Conyers Park. As an integrated part of the closing of the Business Combination, $284.0 million of cash was paid to retire the predecessor long term debt of Atkins. The acquisition-related transaction costs incurred by Conyers Park are reflected within the opening accumulated deficit within the Simply Good Foods consolidated statement of stockholder's equity.

In connection with this change in control, the assets and liabilities of Atkins were recorded at their respective fair value on the closing date by application of the acquisition method of accounting as prescribed by ASC 805 and ASC 820. The selling equity holders of Atkins, primarily Roark, received approximately $815.2 million in total consideration, inclusive of 10.2 million shares of common stock of Simply Good Foods valued at $11.47 per share or $117.6 million in equity consideration at fair value. The selling equity owners are also entitled to future cash payments pursuant to the Tax Receivable Agreement (the "TRA") which had a fair value of $25.7 million as of the close of the transaction. The TRA obligation was recorded at its acquisition-date fair value and classified as a liability. The TRA generally 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 Business Combination; (ii) certain deductions generated by the consummation of the business transaction; and (iii) remaining depreciable tax basis from the 2003 acquisition of Atkins Nutritionals, Inc. The TRA is contingent consideration and subsequent changes in fair value of the contingent liability will be recognized in earnings. As of August 26, 2017, the initial estimated fair value of these contingent payments is $25.7 million which has been recorded as a liability and represents 100% of the value of the recorded tax attributes (refer to Note 9. Income Taxes for additional discussion on the TRA).

The predecessor financial statements of Atkins' include business combination related seller costs of $2.0 million related to legal costs, $8.6 million of contingent success fees to an investment banker providing advisory services triggered by the transaction, and $13.8 million of contingent change-in-control bonuses. These seller costs are recorded within business combination transaction costs within the Statements of Operations and Comprehensive Income.

The following summarizes the preliminary estimated fair value of the Business Combination, pending finalization per the terms of the Merger Agreement.



(In thousands)
Cash paid	$	672,006
Equity consideration paid to selling equity holders (1)	117,567
Total cash and equity consideration	789,573
Tax receivable arrangement payable to selling equity holders	25,675
Total consideration	$	815,248

(1) Equity consideration paid is summarized below:



(In thousands)
Shares of Simply Good Foods paid to former equity holders of Atkins	10,250
Fair Value of SMPL equity per share	$	11.47
Equity consideration paid	$	117,567

The fair value of these units was determined as follows:



Per share price based on the market price on the day of the close	$	11.47

The Company has recorded a preliminary allocation of the purchase price to Predecessor’s tangible and identified intangible assets acquired and liabilities assumed, based on their fair values as of the closing date. The purchase price allocation is preliminary, may change, and will be completed prior to the measurement period prescribed by ASC 805. The preliminary July 7, 2017 fair value is as follows (in thousands):



	July 7, 2017
Assets acquired:
Cash and cash equivalents	$	71,181
Accounts receivable, net	31,507
Inventories, net	33,023
Prepaid assets	1,781
Other current assets	13,466
Property and equipment, net	1,793
Intangible assets, net ⁽¹⁾	320,000
Other long-term assets	2,224
Liabilities assumed:
Accounts payable	(12,187		)
Other current liabilities	(36,498		)
Deferred income taxes⁽²⁾	(76,072		)
Total identifiable net assets	350,218
Goodwill⁽³⁾	465,030
Total assets acquired and liabilities assumed	$	815,248

⁽¹⁾ Goodwill and intangible assets were recorded at fair value consistent with ASC 820 as a result of the Business Combination. Intangible assets consist of brands and trademarks, customer relationships, proprietary recipes and formulas and licensing agreements. The useful lives of the intangible assets are disclosed in Note 5 of the consolidated financial statements. The fair value measurement of the assets and liabilities was based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows, appraisals, and market comparable data and companies.

⁽²⁾ As a result of the increase in the fair value of the intangible asset the deferred income taxes were stepped-up by $50.7 million.

⁽³⁾Amounts recorded for goodwill are generally not expected to be deductible for tax purposes.

The purchase price is pending finalization per the terms of the Merger Agreement and the TRA. The final determination of the fair value of the assets acquired and liabilities assumed is expected to be completed as soon as practicable after completion of the Business Combination, including a period of time to finalize working capital adjustments. The final determinations will not be in excess of one year of the time of the transaction, consistent with ASC 805.

Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents the combined entity's results as if the Business Combination had occurred on August 30, 2015:



	52-Week Period Ended
	August 26, 2017		August 27, 2016
Revenue	$	396,171	$	369,039
Net income	$	28,701	$	21,290

These pro forma results include certain adjustments, primarily due to decreases in amortization expense due to the changes in useful lives of intangible assets and decreases in interest expense due to the refinancing of Atkins debt. The unaudited 2016 pro forma financial statements also reflect the impact of the Atkins license arrangement for frozen meals sold in the U.S. by Bellisio. The pro forma information is not intended to represent or be indicative of the actual results of operations of the combined entity that would have been reported had the Business Combination been completed on August 30, 2015, nor is it representative of future operating results of the Company.

Acquisition of Wellness Foods

On December 21, 2016, the predecessor company acquired Wellness Foods, Inc. (“Wellness Foods”), a Canadian-based company and owner of the Simply Protein line of products. The Company paid $20.1 million to acquire Wellness Foods. The Company incurred $0.7 million in transaction which are recorded within business combination transaction costs within the Statements of Operations and Comprehensive Income. Wellness Foods is based in Toronto, Canada, and manufactures, markets and distributes protein rich snack foods that offer clean eating, optimal ingredients and innovative nutrition. The acquisition of Wellness Foods expanded the portfolio of protein rich products and provided new product capabilities to support the Atkins’ brand of “low-carb”, “effective weight-management” and “protein-rich” diet. The Company has included Wellness Foods’ results of operations in the Consolidated Statements of Operations and Income from the date of acquisition.

The acquisition was accounted for using the acquisition method of accounting. Assets acquired and liabilities assumed in connection with the acquisition have been recorded at their fair values. The fair values were determined by management based in part on an independent valuation of assets acquired, which included intangible assets of approximately $4.9 million and relate primarily to trade-names and customer relationship subject to amortization over a 15 year term. Approximately $0.8 million of amortizable intangible assets were identified at the time of the acquisition.

The following table summarizes the allocation of the purchase price to the fair value of assets acquired and liabilities assumed in relation to the acquisition of Wellness Foods on December 21, 2016, prior to the Business Combination and the fair value assessment performed over the predecessor Atkins entity.



	December 21, 2016
Assets acquired:
Cash and cash equivalents	$	157
Accounts receivable, net	1,200
Prepaid expenses and other current assets	48
Inventories, net	1,388
Property and equipment, net	13
Intangible assets	4,934
Liabilities assumed:
Accounts payable	(687		)
Accrued expenses and other current liabilities	(342		)
Other taxes payable (VAT)	(2		)
Income taxes payable	(138		)
Total identifiable net assets	6,571
Goodwill	13,546
Total purchase price	$	20,117

The acquisition of Wellness Foods was deemed to not be material to the Company under Item 3-05 of Regulation S-X, and, therefore, separate financial statements are not required as it is not a “significant subsidiary”.

Property and Equipment, Net

12 Months Ended

Aug. 26, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment, net, as presented with the Consolidated Balance Sheets, are summarized as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Furniture and fixtures	$	69		$	917
Computer equipment and software	161			717
Machinery and equipment	289			638
Website development costs	899			2,063
Leasehold improvements	310			958
Construction in progress	525			256
	2,253			5,549
Less: accumulated depreciation and amortization	(148		)	(3,276		)
Total	$	2,105		$	2,273

Depreciation and amortization expenses, recorded within the Consolidated Statements of Operations and Comprehensive Income, were $0.1 million for the successor period from July 7, 2017 through August 26, 2017, $1.0 million for the predecessor period from August 28, 2016 through July 6, 2017, $1.1 million for the 52-week period ended August 27, 2016, $0.6 million for the 35-week period ended August 29, 2015, and $1.2 million 52-week period ended December 27, 2014.

Goodwill and Intangibles

12 Months Ended

Aug. 26, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

The following table presents the changes in goodwill:



	Total
August 29, 2015 (Predecessor)	$	40,724
Goodwill acquired during the period	—
Effect of exchange rate changes	—
August 27, 2016 (Predecessor)	$	40,724
Goodwill acquired during the predecessor period	13,546
Effect of exchange rate changes	137
Elimination of predecessor goodwill	(54,407		)
Successor business combination	465,030
Balance, August 26, 2017 (Successor)	$	465,030

There were no impairment charges related to goodwill during these periods or since the inception of the Company.

Intangible assets, net consist of the following:



Successor		August 26, 2017
	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		515		58,485
Proprietary recipes and formulas	7 years	7,000		131		6,869
Licensing agreements	14 years	22,000		206		21,794
		$	320,000	$	852	$	319,148



Predecessor		August 27, 2016
	Useful Life	Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets with indefinite life:
Brands and trademarks	Indefinite life	$	109,900	$	—	$	109,900
Intangible assets with finite lives:
Customer relationships	15 years	121,000		46,087		74,913
Proprietary recipes and formulas	7 years	4,760		3,885		875
		$	235,660	$	49,972	$	185,688

Changes in fair value of the Company's intangible assets from August 27, 2016 to August 26, 2017 result from the acquisitions and application of the acquisition method of accounting as described in Note 3. Business Combinations.

Amortization expenses related to intangible assets were $0.9 million for the successor period from July 7, 2017 through August 26, 2017 and $8.5 million for the predecessor period from August 28, 2016 through July 6, 2017. Amortization expenses related to intangible assets during the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014 were $9.1 million, $6.6 million, and $9.9 million, respectively.

Estimated future amortization for each of the next five fiscal years and thereafter is as follows:



Successor (In thousands)
2018	$	6,505
2019	6,505
2020	6,505
2021	6,505
2022	6,505
2023 and thereafter	54,623

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued Expenses and Other Current Liabilities

12 Months Ended

Aug. 26, 2017

Other Liabilities Disclosure [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were comprised of the following:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Professional fees	$	1,286	$	518
Accrued advertising allowances and claims	1,037		876
Accrued bonus	4,907		5,282
Freight accrual	875		1,391
Payroll-related accruals	842		1,033
Commissions	1,025		1,119
Income taxes payable	576		51
VAT payable	1,627		1,366
Other	2,867		4,993
	$	15,042	$	16,629

Long-Term Debt and Line of Credit

12 Months Ended

Aug. 26, 2017

Debt Disclosure [Abstract]

Long-Term Debt and Line of Credit

On July 7, 2017, the Company entered into a Credit Agreement with Barclays Bank PLC and other parties. The Credit Agreement provides for a term facility of $200.0 million (“Term Facility”) with a seven year maturity, and a revolving loan of up to $75.0 million (the “Revolving Credit Facility”) with a five year maturity, in each case under the new first lien senior secured loan facilities (the “New Credit Facilities”). Substantially concurrent with the consummation of the Business Combination, the full $200.0 million of the first lien term loan (the “Term Loan”) was drawn, and no revolving loans were 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 Eurocurrency 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 Term Loan and is subject to a floor of 1.00% or (y) 3.00% margin for Revolving Credit Facility. The applicable margin for Revolving Credit Facility will be adjusted after the completion of the Company’s first full fiscal quarter after the closing of the Business Combination based upon the Company’s consolidated first lien net leverage ratio. As security for the payment or performance of its debt, the Company has pledged certain equity interests in its subsidiaries.

The New Credit Facilities are subject to mandatory prepayments based on contractual terms. With respect to the Term Loan, prior to the six-month anniversary of the Closing Date, a 1.00% prepayment premium is payable by the Company in connection with certain repricing events. The Company may also voluntarily prepay outstanding loans at any time.

The credit facilities governing our debt arrangements contain certain financial and other covenants. The revolving credit facility has a maximum total net leverage ratio equal to or less than 6.25:1.00 (with a reduction to 6.00:1.00 on and after the third anniversary of the closing date of the credit facilities) contingent on credit extensions in excess of 30% of the total amount of commitments available under the revolving credit facility, and limitations on our ability to, among other things, incur and/or undertake asset sales and other dispositions, liens, indebtedness, certain acquisitions, and investments, consolidations, mergers, reorganizations and other fundamental changes payment of dividends and other distributions to equity and warrant holders and prepayments of material subordinated debt, in each case, subject to customary exceptions materially consistent with credit facilities of such type and size. Any failure to comply with the restrictions of the credit facilities may result in an event of default. The credit facilities governing our debt arrangements bear interest at variable rates. If market interest rates increase, variable rate debt will create higher debt service requirements, which could adversely affect our cash flow. As the Company has not drawn on the revolving credit facility as of August 26, 2017, no debt covenants were applicable as of the period then ended.

Prior to the Business Combination, on April 3, 2013, the Company entered into a First Lien Credit Agreement (the “First Lien”) and a Second Lien Credit Agreement (the “Second Lien”) with Credit Suisse Securities (USA) LLC. The First Lien consisted of a $20.0 million revolving line of credit and a $255.0 million term loan. The First Lien revolving line of credit carried interest at a rate per annum equal to LIBOR, with a floor of 1.25%, plus 5.0%, and matures on April 3, 2018. The First Lien term loan required quarterly principal and interest payments, carried interest at a rate per annum equal to LIBOR, with a floor of 1.25%, plus 5.0%, and matured on January 2, 2019. The First Lien also provided for an excess cash flow prepayment based on a contractual formula, payable within 120 days of the end of each fiscal year. Each term lender had the right to refuse any such prepayment. Prepayments were applied against the future principal payments in a manner that was set forth in the First Lien credit agreement. The Second Lien consisted of a $100.0 million term loan that required annual interest payments, bore interest at a rate per annum equal to LIBOR, with a floor of 1.25%, plus 8.5%, and matures on April 3, 2019. The predecessor Company made a payment of $53.6 million on the First Lien.

Under the First Lien and Second Lien, the Company had granted the lenders a security interest in substantially all of the assets of the Company, including its subsidiaries and an affiliate. In addition, the First Lien and Second Lien contained various restrictions, including restrictions on the payment of dividends and other distributions to equity and warrant holders, and provided for the maintenance of certain financial ratios. The Company was in compliance with these covenants at August 27, 2016.

All First Lien and Second Lien term loans existed prior to the Business Combination were extinguished as part of the transaction. As of August 26, 2017, the Company’s only outstanding long-term debt is the $200.0 million Term Facility maturing on July 7, 2024.

At August 26, 2017 and August 27, 2016 there were no amounts drawn against the Company’s Revolving Credit Facility or lines of credit, and long-term debt consists of the following:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Term facility due 2024	$	200,000	$	—
First Lien and Second Lien term loans	—		337,209
Less: long term deferred financing fees	7,910		4,184
Total debt	192,090		333,025
Less: current maturities, net of deferred financing fees of $1.3 million at August 26, 2017, $1.8 million at August 27, 2016	234		11,387
Long-term debt, net of deferred financing fees	$	191,856	$	321,638

Aggregate principal maturities of debt are as follows:



Fiscal year ending:
2018	$	1,500
2019	2,000
2020	2,000
2021	2,000
2022	2,000
Thereafter	190,500
	$	200,000

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. As of August 27, 2016 and August 26, 2017, the book value of the Company's debt approximated fair value. All term debt is valued based on significant observable inputs and classified as Level 2 in the fair value hierarchy.

Fair Value of Financial Instruments

12 Months Ended

Aug. 26, 2017

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows:

Level 1 – Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 – Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

The following tables set forth the Company’s assets and liabilities measured at fair value. The predecessor entity historically carried warrant liabilities on the balance sheet at fair value. These warrant liabilities were settled with the change of control, discussed in Note 3. Business Combinations. The successor entity assumed the equity warrants of Conyers Park and are discussed in Note 11. Stockholders' Equity. The tables below show the fair value of warrants for the comparable successor on August 26, 2017 and predecessor on August 27, 2016 periods. The fair value of the Tax Receivable Agreement is discussed in Note 9. Income Taxes.

Fair value at August 26, 2017 is summarized as follows:



Successor	Level 1		Level 2		Level 3		Total
Liabilities
TRA liability	$	—	$	—	$	25,675	$	25,675

Fair value at August 27, 2016 is summarized as follows:



Predecessor	Level 1		Level 2		Level 3		Total
Liabilities
Warrants	$	—	$	—	$	15,722	$	15,722

Because tax attributes subject to the Tax Receivable Agreement existed as of the pre-close period, no changes in fair value were recorded for the successor period from July 7, 2017 through August 26, 2017. For the predecessor entity, other income (expenses) of $0.7 million, $(0.7) million, $1.7 million, and $0.1 million were included in the changes in warrant liabilities in the accompanying Consolidated Statement of Operations and Comprehensive Income were charged for the period ending July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively. The Company settled the liabilities at $15.0 million upon the change of control.

The fair value of the warrants were calculated based on estimating future cash payments to be made to the former owner, in part based on the probability-weighted present value of various payout scenarios. Key fair value inputs were the discount rate; expected future cash flows under various payout scenarios, which were derived in part from an estimate of various transaction prices on a future change in a control event; and a probability analysis of the payout scenarios. The methodology for measuring fair value is sensitive to the volatility of key inputs mentioned above.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes

12 Months Ended

Aug. 26, 2017

Income Tax Disclosure [Abstract]

Income Taxes

The sources of income (loss) before income taxes are as follows for the successor period from July 7, 2017 through August 26, 2017, the predecessor period from August 28, 2016 through July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014:



	2017					2016			2015			2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017			52-weeks ended			35-weeks ended			52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017			August 27, 2016			August 29, 2015			December 27, 2014
	(Successor)		(Predecessor)			(Predecessor)			(Predecessor)			(Predecessor)
Domestic	$	78	$	(690	)	$	17,674		$	(9,171	)	$	23,752
Foreign	662		2,775			(133		)	(477		)	(173		)
Total	$	740	$	2,085		$	17,541		$	(9,648	)	$	23,579

Income tax expense (benefit) was comprised of the following for the successor period from July 7, 2017 through August 26, 2017, the predecessor period from August 28, 2016 through July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014:



	2017						2016		2015			2014
	From July 7, 2017 through August 26, 2017			From August 28, 2016 through July 6, 2017			52-weeks ended		35-weeks ended			52-weeks ended
	From July 7, 2017 through August 26, 2017			From August 28, 2016 through July 6, 2017			August 27, 2016		August 29, 2015			December 27, 2014
	(Successor)			(Predecessor)			(Predecessor)		(Predecessor)			(Predecessor)
Current:
Federal	$	414		$	7,340		$	1,413	$	(926	)	$	51
State and local	11			415			135		101			49
Foreign	247			695			454		343			737
Total current	672			8,450			2,002		(482		)	837

Deferred:
Federal	(379		)	(4,172		)	4,796		(3,443		)	8,351
State and local	(3		)	259			686		(470		)	585
Foreign	—			33			23		61			(150		)
Total deferred income tax expense (benefit)	(382		)	(3,880		)	5,505		(3,852		)	8,786
Total tax expense (benefit)	$	290		$	4,570		$	7,507	$	(4,334	)	$	9,623

The period ending August 2015 presented represents 35 weeks of activity versus 52 weeks included for other periods disclosed. The book loss and ultimately the income tax benefit shown in the period ending August 2015 are not representative of comparative results. In addition to the shorter time frame shown, the period excluded typically results in strong sales for the Company, the exclusion of which is generating non-comparative results for the 35-week period.

Reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows:



	2017				2016		2015		2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		52-weeks ended		35-weeks ended		52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		August 27, 2016		August 29, 2015		December 27, 2014
	(Successor)		(Predecessor)		(Predecessor)		(Predecessor)		(Predecessor)
Statutory income tax expense:	34.0	%	34.0	%	34.0	%	34.0	%	35.0	%
State income tax expense, net of federal	1.7		21.0		3.9		2.9		4.0
Valuation allowance	5.2		(0.9	)	2.2		(4.3	)	1.7
Taxes on foreign income above (below) the U.S. tax	(3.3	)	(7.5	)	0.5		(0.9	)	0.5
Warrant liabilities	—		(11.8	)	1.4		5.9		(0.2	)
Change in tax rate	—		(4.2	)	0.6		8.8		(0.5	)
Non-Deductible Transaction Costs	—		182.7		—		—		—
Other permanent items	1.6		6.0		0.2		(1.6	)	0.3
Income tax expense (benefit)	39.2	%	219.3	%	42.8	%	44.8	%	40.8	%

For all periods reported, including the 52-week period ended August 2016, the effective rate is higher than the U.S. statutory rate primarily due to state income tax expense, tax losses recognized in jurisdictions for which a tax benefit is not realized, and tax expense associated with nondeductible permanent adjustments. Further, the Company’s tax provision has also been impacted by periodic statutory tax rate changes that cause deferred tax balances to be revalued. The increase in the effective tax rate recorded for the predecessor period ended July 6, 2017 was primarily driven by non-recurring non-deductible transaction costs related to the merger, as well as state alternative minimum tax paid on amended prior year returns filed. The decrease in the effective tax rates in the period ending August 26, 2017 relates to the impact of earnings taxed at lower foreign rates.

The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities at August 26, 2017 and August 27, 2016 were as follows:



	August 26, 2017			August 27, 2016
Deferred Tax Assets	(Successor)			(Predecessor)
Accounts receivable allowances	$	2,727		$	2,823
Inventories reserves	322			372
Accrued expenses	2,042			1,951
Net operating loss carryforwards	22,122			12,264
Stock Compensation	154			2,107
Tax Credits	7,976			—
Other	882			1,414
Deferred Tax Assets	36,225			20,931
Valuation Allowance	(3,905		)	(3,891		)

Deferred tax asset, net of valuation allowance	32,320			17,040

Deferred tax liabilities:
Prepaid expense	(1,066		)	(606		)
Excess tax over book depreciation	38			(54		)
Website development costs	(301		)	(317		)
Intangible assets	(106,263		)	(44,862		)
Other	(287		)	(393		)
Deferred tax liabilities	(107,879		)	(46,232		)
Net Deferred tax liabilities	$	(75,559	)	$	(29,192	)

As of August 26, 2017, the Company recorded U.S. federal net operating loss carryforwards of $48.7 million ($22.1 million at August 27, 2016), state net operating loss carryforwards of $52.1 million ($29.5 million at August 27, 2016) and foreign net operating loss carryforwards of $13.7 million ($13.7 million at August 27, 2016), as a component of purchase accounting, the Company recorded additional DTAs related to gross NOLs of $9.8 million related to federal and $8.4 million related to states. These NOLs are subject to varying expiry periods, beginning in 2018, though a significant portion can be carried forward indefinitely. The federal net operating loss carryforwards will begin to expire in 2034, while state net operating loss carryforwards will begin to expire in 2021.

As of the July 6, 2017 balance sheet date immediately prior to the Business Combination, the deferred tax inventory included additional net operating losses and alternative minimum tax credit carryforwards, which were included in the tax receivable agreement discussed herein.

The Company considers non-U.S. subsidiary earnings to be permanently invested outside the United States under the provisions of ASC Topic 740-30-25-17. As such, no income or withholding taxes have been provided for approximately $12.1 million of unremitted earnings. These earnings would become subject to U.S. income tax if remitted. The amount of unrecognized deferred U.S. federal income tax liability on the unremitted earnings has not been determined because the hypothetical calculation is not practicable.

During the successor period from July 7, 2017 through August 26, 2017 and the predecessor period from August 28, 2016 through July 6, 2017, there was no significant increase 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. As of August 26, 2017, the Company has recorded total valuation allowances of $3.9 million. The recognition of the incremental full valuation allowances results in a net zero impact to the Consolidated Statement of Operations and Comprehensive Income (Loss).

As of August 27, 2016, the Company has recorded valuation allowances of $3.6 million on deferred tax assets related to foreign net operating loss carryforwards. This amount represents a full valuation allowance on the deferred tax assets of foreign entities within the United Kingdom, New Zealand, Netherlands, and Spain. $0.3 million valuation allowance on deferred tax assets relates to state net operating losses.

As of August 26, 2017 and August 27, 2016, the Company has no unrecognized tax benefits. Below is a reconciliation of the beginning and ending unrecognized tax benefits, gross, recorded in the Consolidated Balance Sheet:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Beginning of period	$	—	$	—
Increases for tax positions related to the current period	—		—
Increases for tax positions related to prior periods	—		—
Decreases for tax positions related to prior periods	—		—
Decreases related to settlements	—		—
Decreases due to lapsed statute of limitations	—		—
End of period	$	—	$	—

The Company records interest and penalties associated with unrecognized tax benefits as a component of tax expense. As of August 26, 2017 and August 27, 2016, the Company has not accrued interest or penalties on unrecognized tax benefits, as there is no position recorded as of the fiscal years. No changes to the uncertain tax position balance are anticipated within the next 12 months, and are not expected to materially impact the financial statements.

As of August 26, 2017, tax years 2012 to 2016 remain subject to examination in the United States and the tax years 2012 to 2016 remain subject to examination in other major foreign jurisdictions where Atkins 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 Business Combination, the Company entered into a tax receivable agreement (TRA) with the historical shareholders of Atkins. The Tax Receivable Agreement entered into by the Company in consideration for the Business Combination is valued based on the future expected payments under the terms of the agreement (see Note 3. Business Combinations). The TRA generally 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 Business Combination; (ii) certain deductions generated by the consummation of the business transaction; and (iii) remaining depreciable tax basis from the 2003 acquisition of Atkins Nutritionals, Inc. In addition, Simply Good Foods will pay the Atkins selling equity holders for the use of 75% of up to $7.6 million of alternative minimum tax credit carryforwards. The TRA is contingent consideration and subsequent changes in fair value of the contingent liability will be recognized in earnings. As of August 26, 2017, the initial estimated fair value of these contingent payments is $25.7 million, which has been recorded as a liability and represents 100% of the value of the recorded tax attributes.

Estimating the amount of payments that may be made under the TRA is by its nature imprecise, insofar as the calculation of amounts payable depends on a variety of factors. The actual increase in tax basis and deductions, as well as the amount and timing of any payments under the TRA, will vary depending upon a number of factors, including:

•

The amount and timing of the Company’s income - The Company is required to pay 100% of the deemed benefits as and when deemed realized. As such, the Company is generally not required to make payments under the TRA until and unless a tax benefit is actually realized on a filed return. Without income against which specified TRA attributes are deductible, the benefit of such deduction is not deemed to be realized, resulting in no payment under the TRA. The utilization of such tax attributes and recognition of benefit against Company income will result in payments under the TRA.


•	The amount and timing of deductions - Similar to the above, the timing of the recognition of deductions and attributes included in the TRA will impact the ultimate timing of payments under the TRA. In turn, the fair value of the TRA payments will fluctuate over time; and


•	Future tax rates of jurisdictions in which the Company has tax liability.

Significant inputs used to preliminarily estimate the future expected payments include a tax savings rate of approximately 37% and an imputed interest rate of approximately 10%. TRA fair value inputs related to Note 8 are discount rate, book income projections, timing of expected adjustments to calculate taxable income, and the projected rate of use for attributes defined in the TRA. The TRA fair value requires significant judgment and is considered a level 3 hierarchy assessment.

Payments made under the TRA are generally due within 90 days following the filing of The Simply Good Foods U.S. federal and state income tax returns, and may include the tax returns that reflect activity as early as the taxable year ended August 26, 2017. Payments under the TRA will be based on the tax reporting positions that Simply Good Foods will determine. The term of the TRA generally will continue until all applicable tax benefit payments have been made to the seller's representative under the agreement.

As of August 26, 2017, the undiscounted future expected payments under the TRA are as follows:



Successor (In thousands)	Estimated future payments
2018	$	2,812
2019	9,195
2020	5,271
2021	4,075
2022	3,482
2023 and thereafter	15,001

Commitments and Contingencies

12 Months Ended

Aug. 26, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Leases

The Company has non-cancellable operating leases for nine buildings. The future commitments on the operating leases are as follows:



Successor (In thousands)	Future payments
2018	$	2,294
2019	2,211
2020	2,161
2021	1,585
Thereafter	2,089
Total	$	10,340

Rent expenses were $0.3 million for the successor period from July 7, 2017 through August 26, 2017 and $1.7 million for the predecessor period from August 28, 2016 through July 6, 2017, and $2.3 million, $1.5 million, and $2.1 million for the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively.

Litigation

The Company is a party to certain litigation and claims that are considered normal to the operations of the business. Management is of the opinion that the outcome of these actions will not have a material adverse effect on the Company’s consolidated financial statements.

Tax Receivable Agreement

Refer to Note 9. Income Taxes for detail on the Tax Receivable Agreement, which was contingent consideration at the time of the acquisition of Atkins.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Aug. 26, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Successor Common Stock Simply Good Foods, the successor entity, is authorized to issue 600,000,000 shares of common stock, par value $0.01 per share, of which 70,562,477 shares of Simply Good Foods were issued at the time of the Business Combination transaction. The Company is authorized to issue 100,000,000 shares of preferred stock, par value $0.01 per share, of which no shares were issued and outstanding at the time of the Business Combination transaction. Simply Good Foods issued 65,845 shares of Restricted Stock Units of Common Stock during the successor period ending August 26, 2017. Successor Equity Warrants Prior to the Business Combination, Conyers Park issued 13,416,667 public warrants and 6,700,000 private placement warrants. Simply Good Foods assumed the Conyers Park equity warrants upon the change of control event. As a result of the Business Combination, the warrants issued by Conyers Park are no longer exercisable for shares of Conyers Park common stock, but instead will be exercisable for common stock of Simply Good Foods. All other features of the warrants remain unchanged. Each whole warrant entitles the holder to purchase one whole share of Simply Good Food's Common Stock at a price of $11.50 per share, subject to adjustment as discussed below. The warrants became exercisable 30 days after the completion of the Business Combination and expire five years after that date, or earlier upon redemption or liquidation. Simply Good Foods may call the warrants for redemption, in whole and not in part, at a price of $0.01 per warrant upon not less than 30 days’ prior written notice of redemption to each warrant holder if the reported last sale price of the Company's common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending three business days before the Company sends the notice of redemption to the warrant holders. If the number of outstanding shares of the Company's common stock is increased by a stock dividend payable in shares of common stock, or by a split-up of shares of common stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of common stock issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding shares of common stock. If the number of outstanding shares of the Company's common stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of common stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of common stock issuable on exercise of each warrant will be decreased in proportion to such decrease in outstanding shares of common stock. Predecessor Common Stock The predecessor Company was authorized to issue 600,000 shares of common stock at $0.01 par value per share. The holders of the Company’s common stock were entitled to one vote per share. Predecessor Warrant Liabilities of Atkins Atkins, the predecessor company, had outstanding warrants prior to the transaction forming Simply Good Foods. These Warrants were settled as a part of the Business Combination. Refer to Note 3. Business Combinations of the consolidated financial statements for additional details on the acquisition of the Company. Historically, the value of the predecessor warrants were reflected as a liability in the accompanying consolidated financial statements and adjusted to fair value each reporting period through change in warrant liabilities in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). For the predecessor entity, other income (expenses) of $0.7 million, $(0.7) million, $1.7 million, and $0.1 million were included in the changes in warrant liabilities in the accompanying Consolidated Statement of Operations and Comprehensive Income were charged for the period ending July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, respectively. At August 26, 2017, there were no warrant liabilities on the balance sheet as these were settled in conjunction with the July 7, 2017 change of control. At August 27, 2016, $15.7 million was recorded in warrant liabilities on the accompanying Consolidated Balance Sheets.

Earnings Per Share

12 Months Ended

Aug. 26, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is based on the weighted average number of common shares issued and outstanding for the Successor period. Diluted earnings per share is based on the weighted average number of common shares issued and outstanding and the effect of all dilutive common stock equivalents outstanding during each period.

The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share:



	Successor
(In thousands, except share data)	From July 7, 2017 through August 26, 2017
Basic earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	450
Denominator:
Weighted average common shares - basic	70,562,477
Basic earnings per share from net income	$	0.01
Diluted earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	450
Denominator:
Weighted average common shares outstanding - basic	70,562,477
Warrant conversion	690,248
Restricted stock units	2,045
Weighted average common shares - diluted ⁽¹⁾	71,254,770
Diluted earnings per share from net income	$	0.01
⁽¹⁾Excludes the effect of non-qualified stock options as the strike price exceeds the average market price for the period

Stock Option Plan

12 Months Ended

Aug. 26, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Option Plan

Successor

In July 2017, the Company's shareholders' approved and adopted the Company's 2017 Omnibus Incentive Plan (the "Incentive Plan") which provides for the issuance of a maximum of 9,067,917 shares of Common Stock for the grant of options, and/or other stock-based or stock-denominated awards to employees, officers, directors, and agents of the Company and its subsidiaries.

Stock Options

The Incentive Plan includes provisions for granting incentive stock options for shares of Common Stock at a price not less than the fair value at the date of grant. Non-qualified stock options may be 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 10 years from the date of grant. The Company's policy is to recognize compensation expense on a straight-line basis over the requisite service period for the entire award. Forfeitures are recognized as incurred.



(In thousands, except share data and years)	Awards	Fair value per share		Weighted average exercise price		Weighted average contractual life (in years)	Aggregate intrinsic value
Outstanding at July 7, 2017	—			$	—
Granted	2,577,692	$	3.71	12.00
Exercised	—			—
Forfeited, canceled and expired	—			—
Outstanding at August 26, 2017	2,577,692	$	3.71	$	12.00	2.9	$	—

Expected stock price volatility is based on a sampling of comparable publicly traded companies. The Company believes this sector to most closely model the nature of its own business. The risk-free rates are based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term. Assumptions as of the grant date used in the fair value calculation of each year’s grants are outlined in the following table.



		From July 7, 2017 through August 26, 2017
Expected volatility		27.5%
Expected dividend yield		—%
Expected option term		6.0 years
Risk-free rate of return		1.975%

We recognized stock-based compensation expense related to stock options of $0.4 million for the successor period ended August 26, 2017. No stock options vested in the successor period ended August 26, 2017.

As of August 26, 2017, $9.2 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 2.9 years.

Restricted Stock Units

Restricted stock units vest over a period of three years. During the successor period ended August 26, 2017, the Company granted 65,845 units with a weighted-average market value of $12.00 each. Prior to vesting, restricted stock units have no voting rights.



	Units	Weighted average grant-date fair value
Non-vested at July 7, 2017	—	$	—
Granted	65,845	$	12.00
Vested	—	$	—
Forfeited, canceled and expired	—	$	—
Non-vested at August 26, 2017	65,845	$	12.00

As of August 26, 2017, the Company had $0.8 million of total unrecognized compensation cost related to restricted stock awards that will be recognized over a weighted average period of 2.9 years.

Stock-based compensation expense related to restricted stock units recognized by the Company was nil in the successor period ended August 26, 2017. No restricted stock units vested in the successor period ended August 26, 2017.

Predecessor

In January 2011, the Board of Directors adopted the NCP-ATK Holdings, Inc. 2010 Stock Option Plan (the “Option Plan”). Under the terms of the Option Plan, nonqualified stock options may be granted to employees, directors, and consultants of the Company. An option certificate for each grant sets forth the exercise price, vesting period, performance thresholds if applicable, and other terms. Options with service conditions generally vest over a period of five years, and the Company recognizes share-based compensation expense ratably over the vesting period. Options with performance conditions generally vest over five successive years, based on the achievement of certain annual financial targets. Typically, each performance option contains five separate tranches, with each tranche vesting based on a specific year’s target. Compensation cost for each tranche is recognized over the period from grant date to vesting date. Options typically expire after ten years.

During the 52-week period ended August 27, 2016, the Company made a significant modification of the existing Option Plan by removing the performance condition requirement for five employees. This modification resulted in an incremental compensation cost of approximately $0.7 million. The unvested portion of the stock option will forfeit as of the change of control effective date and the vested portion of the stock option must be exercised within five calendar days following receipt by the option holder of written notice of the change in control. If not exercised, these vested stock options will cancel.

As of August 27, 2016, August 29, 2015 and December 27, 2014, the Company’s authorized common stock included 75,872 shares, 60,872 shares, and 60,872 shares, respectively, reserved for issuance under the Option Plan. As of August 27, 2016, the Company had granted 75,872 options, and 3,213 options are available for future grant.

The fair value of each option award is estimated on the date of grant using a Black-Scholes valuation model. The following assumptions were used for grants occurring in the predecessor period from August 28, 2016 through July 6, 2017 and the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014:



	From August 28, 2016 through July 6, 2017	52-weeks ended August 27, 2016	35-weeks ended August 29, 2015	52-weeks ended December 27, 2014
Expected volatility	55%	55%	55%	40% to 45%
Expected dividend yield	—%	—%	—%	—%
Expected option term	5.1 – 6.5 years	5.1 – 6.5 years	5.1 – 6.5 years	6.25 years
Risk-free rate of return	1.62% to 1.74%	1.62% to 1.74%	1.62% to 1.74%	1.08% to 1.16%

The expected term of the options represents the estimated period of time until exercise and considers vesting schedules and expectations of future employee and director behavior. Expected stock price volatility is based on a sampling of comparable publicly traded companies. The Company believes this sector to most closely model the nature of its own business. The risk-free rates are based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term.

A summary of the option activity under the plans for the predecessor period ending July 6, 2017 is presented below.



	Shares		Weighted average exercise price		Weighted average contractual life in years	Aggregate intrinsic value
Outstanding at August 27, 2016	52,473		$	534.78
Granted	314		$	960.27
Exercised	(31,500	)	$	352.79
Forfeited, canceled and expired	(21,287	)	$	810.36
Outstanding at July 6, 2017	—		$	—	—	$	—
Options vested or expected to vest	—		$	—	—	$	—
Exercisable at July 6, 2017	—		$	—	—	$	—



	From August 28, 2016 through July 6, 2017		52-weeks ended August 27, 2016		35-weeks ended August 29, 2015		52-weeks ended December 27, 2014
Weighted average grant date fair value per share of options granted	$	261.80	$	261.80	$	142.28	$	142.28
Intrinsic value of options exercised	$	11,106	$	326	$	11	$	1,023
Fair value of shares vested	$	—	$	2,145	$	757	$	1,485
Tax benefit related to stock option expense	$	910	$	595	$	20	$	395

During the predecessor period ending July 6, 2017, the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, the Company received $0.1 million, $0.3 million, $0.0 million, and $1.9 million of cash from stock option exercises, respectively.

Related Party Transactions	12 Months Ended
Related Party Transactions	Aug. 26, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Successor Tax Receivable Agreement The tax receivable agreement provides for the effective payment by us to the former equity holders of Atkins for cash savings, if any, in U.S. federal, state and local income tax or franchise tax that is actually realized as a result of the change in control discussed in Note 9. Income Taxes. Predecessor Pursuant to an arrangement with the former majority stockholder of Atkins, the Predecessor Company was obligated to pay a management fee of the greater of $0.9 million or an amount equal to 2% of consolidated adjusted earnings before interest, tax, depreciation and amortization (EBITDA), as defined by the First Lien and Second Lien, which can be prorated upon a fiscal year-end change. Annual reimbursements for out-of-pocket expenses were limited to $0.2 million. For the predecessor period ending July 6, 2017, the management fee expense was $1.2 million. During the 52-week period ended August 27, 2016, the 35-week period ended August 29, 2015, and the 52-week period ended December 27, 2014, the management fee expense was $1.7 million, $0.9 million, and $1.6 million, respectively.

Accumulated Other Comprehensive Loss

12 Months Ended

Aug. 26, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss



	Foreign Currency Translation
Balance, December 28, 2013 (Predecessor)	$	(1,329	)
Foreign currency translation adjustment	292
December 27, 2014 (Predecessor)	(1,037		)
Foreign currency translation adjustment	(27		)
August 29, 2015 (Predecessor)	(1,064		)
Foreign currency translation adjustment	621
August 27, 2016 (Predecessor)	(443		)
Foreign currency translation adjustments (Predecessor)	(199		)
Elimination of accumulated other comprehensive loss (Predecessor)	642
Foreign currency translation adjustments (Successor)	19
Balance, August 26, 2017 (Successor)	$	19

Segment and Customer Information

12 Months Ended

Aug. 26, 2017

Segment Reporting [Abstract]

Segment and Customer Information

The Company has organized its operations into one operating segment that sells its branded nutritional foods and snacking products designed around the nutrition principles of the Atkins eating approach. The results of the operating segment are reviewed by the Company’s chief operating decision maker to make decisions about resource expenditures and assessing financial performance. This operating segment is therefore the Company’s only reportable segment.

Reconciliations of the totals of reported segment revenues, profit, or loss measurement, assets, and other significant items reported by segment to the corresponding GAAP totals is not applicable to Atkins as it only has one reportable segment. The following is a summary of geographical information:



	2017				2016		2015		2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		52-weeks ended		35-weeks ended		52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		August 27, 2016		August 29, 2015		December 27, 2014
	(Successor)		(Predecessor)		(Predecessor)		(Predecessor)		(Predecessor)
Revenues from external customers
North America	$	52,373	$	316,776	$	399,922	$	234,564	$	398,321
International	3,961		23,061		27,936		18,334		31,537
Total	$	56,334	$	339,837	$	427,858	$	252,898	$	429,858

Long lived assets
North America	$	2,073	$	1,759	$	2,226	$	2,481	$	2,172
International	32		34		47		69		50
Total	$	2,105	$	1,793	$	2,273	$	2,550	$	2,222

Revenues from transactions with external customers for each of Atkins’ products would be impracticable to disclose. Management does not view its business by product line.

Significant Customers

Credit risk for the Company was concentrated in the following customer who comprised more than 10% of the Company’s total sales for the successor period from July 7, 2017 through August 26, 2017, the predecessor period from August 28, 2016 through July 6, 2017, the 52-week period ending August 27, 2016, the 35-week period ending August 29, 2015, and 52-week period ending December 27, 2014:



	2017		2016	2015	2014
	From July 7, 2017 through August 26, 2017	From August 28, 2016 through July 6, 2017	52-weeks ended	35-weeks ended	52-weeks ended
	From July 7, 2017 through August 26, 2017	From August 28, 2016 through July 6, 2017	August 27, 2016	August 29, 2015	December 27, 2014
	(Successor)	(Predecessor)	(Predecessor)	(Predecessor)	(Predecessor)
Customer 1	42%	46%	41%	38%	40%

At August 26, 2017 and August 27, 2016, the Company had a single significant customer that accounted for the following amounts of the Company’s accounts receivable:



	August 26, 2017				August 27, 2016
	(Successor)				(Predecessor)
Customer 1	$	14,886	34	%	$	14,884	34	%

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.

Significant Agreement	12 Months Ended
Significant Agreement	Aug. 26, 2017
Significant Agreement [Abstract]
Significant Agreement	Significant Agreement In July 2016, the Company entered into an Exclusive License Agreement (the “License Agreement”) with a co-manufacturer to use the Atkins name and licensed marks to develop, market, distribute and sell frozen food products. In accordance with and subject to terms and conditions of the License Agreement, Atkins will receive a minimum annual royalty payment of $4.0 million in the first year of the License Agreement and increasing annually 3% through the seventh year. Immediately following the initial seven year term, and only upon prior mutual written agreement of the parties, the License Agreement may renew for an additional consecutive seven year period. The License Agreement became effective on September 1, 2016 and all related royalty revenue is recorded in net sales in the accompanying Consolidated Statement of Operations and Comprehensive Income. As discussed in Note 5. Goodwill and Intangibles, the Company recorded a $22.0 million intangible asset for the License Agreement with a depreciable life of 14 years as a result of the Business Combination of Atkins discussed in Note 3. Business Combinations.

Unaudited Quarterly Financial Data

12 Months Ended

Aug. 26, 2017

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Data

Summarized quarterly financial data:



	(Successor)		(Predecessor)
	From July 7, 2017 through August 26, 2017		From May 28, 2017 through July 6, 2017			13-weeks ended		13-weeks ended		13-weeks ended
	From July 7, 2017 through August 26, 2017		From May 28, 2017 through July 6, 2017			May 27, 2017		February 25, 2017		November 26, 2016
Net sales	$	56,334	$	41,223		$	96,503	$	102,308	$	99,803
Income from operations	1,859		(18,660		)	10,628		13,305		18,460
Net income	$	450	$	(17,082	)	$	4,347	3,463		6,787
Earnings per share from net income:
Basic	$	0.01
Diluted	$	0.01



	52-weeks ended		13-weeks ended		13-weeks ended		13-weeks ended		13-weeks ended
	August 27, 2016		August 27, 2016		May 28, 2016		February 27, 2016		November 28, 2015
Net sales	$	427,858	$	103,491	$	104,590	$	120,095	$	99,682
Income from operations	45,959		10,124		7,992		11,424		16,419
Net income	$	10,034	$	1,159	$	776	$	2,390	$	5,709

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Aug. 26, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Licensing of the Frozen Meals	Licensing of the Frozen Meals On September 1, 2016, the agreement with Bellisio Foods to license Atkins’ frozen meals resulting in royalty income became effective. Royalty income is recorded in net sales for the successor period from July 7, 2017 through August 26, 2017 and for the predecessor period from August 28, 2016 through July 6, 2017. In prior periods, frozen sales and related profitability was included in net sales and operating income.
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.
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. Because of the short maturity of these investments, the carrying amounts approximate their fair value.
Concentration of Credit Risk	Concentration of Credit Risk We maintain cash balances in six financial institutions. The Company holds material cash balances in the U.S. which are insured by the Federal Deposit Insurance Corporation up to $0.3 million per institution. From time to time, the Company’s balances may exceed these limits.
Accounts Receivable and Trade Promotions	Accounts Receivable and Trade Promotions The Company estimates the allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information and fiscal strength of customer. Normally, accounts receivable are due within 30 days after the date of the invoice. Receivables more than 90 days old are considered past due. Accounts receivable are written off when they are determined to be uncollectible. The Company’s policy for estimating allowances for doubtful accounts with respect to receivables is to record an allowance based on a historical evaluation of write-offs, aging of balances, and other quantitative and qualitative analysis. The Company estimates allowances to reflect commitments made to customers for customer-executed promotional activities and other incentive offerings, including special pricing agreements, price protection, promotions, and volume-based incentives, as well as damaged and aged customer inventory. These allowances are based on historical evaluations, both qualitative and quantitative, as well as the Company’s best estimate of current activity. The allowances for customer programs and other incentive offerings are recorded at the time the incentive is offered or at the time of revenue recognition for the underlying transaction that results in progress by the customer toward earning the incentive. The Company’s allowances for these commitments are recorded as a reduction to both accounts receivables and net sales.
Inventories	Inventories Inventories, which consist of nutrition bars, shakes, frozen meals and packaging material, are valued at the lower of cost or market, with cost determined using standard costs which approximate costs determined on the first-in, first-out method, and with market defined as the lower of replacement cost or realizable value. Inventories consist materially of finished goods. 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 26, 2017 and August 27, 2016, the provision for obsolete inventory was $1.0 million and $1.0 million, respectively. As a result of the Business Combination, Simply Good Foods recorded a one-time inventory fair value step-up of $6.0 million, as determined in accordance with FASB Accounting Standards Codification (“ASC”) 820, Fair Value Measurements ("ASC 820").
Property and Equipment	Property and Equipment Property and equipment are stated at cost or the allocated fair value in purchase accounting, net of accumulated depreciation. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred. When items of property and equipment are sold or retired, the related costs and accumulated depreciation are removed from the accounts, and any gain or loss is included in other income. The Company capitalizes costs of materials and consultants involved in developing its website and mobile applications for smart phones (collectively, “website development costs”). Costs incurred during the preliminary project and post-implementation stages are charged to expense. The Company determines whether there has been an impairment of long-lived assets, excluding goodwill and indefinite-lived intangible assets, whenever events or changes in business circumstances indicate that the carrying value of any long-lived assets may not be fully recoverable.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and intangible assets result primarily from the Business Combination and acquisitions including the 2011 acquisition of the Company by Roark. 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. Finite-lived intangible assets are amortized utilizing the straight-line method 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" significant accounting policy. For goodwill and other intangible assets that have indefinite lives, those assets are not amortized. Rather, impairment tests are conducted on an annual basis or more frequently if indicators of impairment are present. Goodwill is allocated to the reporting unit in which the business that created the goodwill resides. A reporting unit is an operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by segment management. The Company has determined that it has one reporting unit for purposes of allocating goodwill. A qualitative assessment of goodwill and indefinite-lived intangibles was performed in 2014, 2015, 2016 and 2017.
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 debt discount 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.
Research and Development Activities	Research and Development Activities The Company’s research and development activities primarily consist of generating and testing new product concepts, new flavors, and packaging and are primarily internal. The Company expenses research and development costs as incurred as they primarily relate to compensation, facility costs and purchased research and development services, materials and supplies. Research and development costs are included in general and administrative expenses in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss).
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 bases 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.
Foreign Currency Translation	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 rate of exchange prevailing during each reporting period. Translation adjustments arising from the translation of these amounts are recorded as a component of Other Comprehensive Income (Loss). Unrealized foreign currency gains and losses arising from the remeasurement of intercompany positions within the Company’s international subsidiaries are recorded as a component of other income (expense).
Revenue Recognition	Revenue Recognition The Company recognizes revenue from the sale of product when (i) persuasive evidence of an arrangement exists, (ii) the price is fixed or determinable, (iii) title and risk of loss pass to the customer at the time of delivery and (iv) there is reasonable assurance of collection of the sales proceeds. The Company records estimated reductions to revenue for customer programs, slotting fees and incentive offerings, including special pricing agreements, price protection, promotions and other volume-based incentives at the time the incentive is offered or at the time of revenue recognition for the underlying transaction that results in progress by the customer toward earning the incentive. Some of these incentives are recorded by estimating costs based on Atkins’ historical experience and expected levels of performance of the trade promotion.
Advertising Costs	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.
Share-Based Compensation	Share-Based Compensation Share-based compensation is rewarded to employees, directors, and consultants of the Company. Share-based compensation expense is recognized for equity awards over the vesting period based on their grant-date fair value. The fair value of option awards is estimated at the date of grant using the Black-Scholes valuation model. The exercise price of each stock option equals or exceeds the estimated fair value of the Company’s stock price on the date of grant. Options can generally be exercised over a maximum term of ten years. Compensation expense is recognized only for equity awards expected to vest, and the Company accounts for forfeitures as they are incurred. Share based compensation expense is included within the same financial statement caption where the recipient’s other compensation is reported.
Shipping and Handling Costs	Shipping and Handling Costs Costs associated with products shipped to customers are recognized in distribution in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). The Company’s cost of sales does not include shipping and handling amounts related to the delivery to the buyer.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers. The objective of ASU No. 2014-09 is to outline a new, single comprehensive model to use in accounting for revenue arising from contracts with customers. The new revenue recognition model provides a five-step analysis for determining when and how revenue is recognized, depicting the transfer of promised goods or services to customers in an amount that reflects the consideration that is expected to be received in exchange for those goods or services. On July 9, 2015, the FASB voted to delay the implementation of ASU No. 2014-09 by one year to fiscal years and interim periods within those years beginning after December 15, 2017. An entity may elect to early adopt as of the original effective date, fiscal years and interim periods within those years beginning after December 15, 2016. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing which provides additional clarification regarding identifying performance obligations and licensing. In December 2016, the FASB issued ASU No. 2016-19, 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. These ASUs will replace most existing revenue recognition guidance in GAAP and, due to the Business Combination, will be effective for the Company beginning in fiscal 2019. The standard permits the use of either the retrospective or modified retrospective (cumulative effect) transition method and the Company has not yet selected which transition method to apply. The Company is currently evaluating recently issued guidance on practical expedients as part of the transition decision. Upon initial evaluation, the Company believes the key changes in the standard that impact revenue recognition relate to the recognition of customer programs and incentive offerings, including special pricing agreements, price protection, promotion, and other volume-based incentives. The Company is still in the process of evaluating these impacts. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40) - Going Concern: Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. ASU No. 2014-15 explicitly requires management to evaluate, at each annual or interim reporting period, whether there are conditions or events that exist which raise substantial doubt about an entity's ability to continue as a going concern and to provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and annual and interim periods thereafter, with early adoption permitted. The Company has evaluated the adoption of this new standard on its financial statement disclosures and does not anticipate there to be an impact. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory. The amendments clarify that an entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Substantial and unusual losses that result from subsequent measurement of inventory should be disclosed in the financial statements. The Company has adopted the new accounting standard in the interim period ending February 25, 2017 and no adjustments were made to the inventory balance as a result of the adoption. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10). This new standard enhances the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. The provisions of this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. This ASU is effective for the Company’s August 2018 fiscal year end. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for the Company beginning in fiscal 2019. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the effects adoption of this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting. The pronouncement simplifies the accounting for income tax consequences of share-based payment transactions. The new guidance requires that all of the tax related to share-based payments be recorded in earnings at settlement (or expiration). This guidance is effective for the Company beginning in fiscal 2017. Early adoption is permitted. The Simply Good Foods Company adopted this accounting pronouncement on a prospective basis within the successor period of the financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new guidance is intended to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. This new standard is effective for the Company starting in fiscal year 2019. The Company does not anticipate adoption of this ASU will have a material impact on its Consolidated Statement of Cash Flows. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment. The amended standard simplifies how an entity tests goodwill by eliminating Step 2 of the goodwill impairment test. The amended standard also modifies the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The new guidance is effective for the Company beginning in fiscal 2020. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of the new guidance on its goodwill impairment testing. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805), to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. These provisions are to be applied prospectively and are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is effective for the Company’s 2019 fiscal year end. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting. The amended standard specifies the modification accounting applicable to any entity which changes the terms or conditions of a share-based payment award. The new guidance is effective for all entities after December 2017. Early adoption is permitted. The Company does not anticipate adoption of this new standard will be material to its consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 26, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment

Included in property and equipment are website development costs as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Website development costs, gross	$	899		$	2,063
Accumulated amortization	(91		)	(1,215		)
Website development costs, net	$	808		$	848

Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:



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

Property and equipment, net, as presented with the Consolidated Balance Sheets, are summarized as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Furniture and fixtures	$	69		$	917
Computer equipment and software	161			717
Machinery and equipment	289			638
Website development costs	899			2,063
Leasehold improvements	310			958
Construction in progress	525			256
	2,253			5,549
Less: accumulated depreciation and amortization	(148		)	(3,276		)
Total	$	2,105		$	2,273

Business Combinations (Tables)

12 Months Ended

Aug. 26, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following summarizes the preliminary estimated fair value of the Business Combination, pending finalization per the terms of the Merger Agreement.



(In thousands)
Cash paid	$	672,006
Equity consideration paid to selling equity holders (1)	117,567
Total cash and equity consideration	789,573
Tax receivable arrangement payable to selling equity holders	25,675
Total consideration	$	815,248

(1) Equity consideration paid is summarized below:



(In thousands)
Shares of Simply Good Foods paid to former equity holders of Atkins	10,250
Fair Value of SMPL equity per share	$	11.47
Equity consideration paid	$	117,567

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

(1) Equity consideration paid is summarized below:



(In thousands)
Shares of Simply Good Foods paid to former equity holders of Atkins	10,250
Fair Value of SMPL equity per share	$	11.47
Equity consideration paid	$	117,567

The fair value of these units was determined as follows:



Per share price based on the market price on the day of the close	$	11.47

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary July 7, 2017 fair value is as follows (in thousands):



	July 7, 2017
Assets acquired:
Cash and cash equivalents	$	71,181
Accounts receivable, net	31,507
Inventories, net	33,023
Prepaid assets	1,781
Other current assets	13,466
Property and equipment, net	1,793
Intangible assets, net ⁽¹⁾	320,000
Other long-term assets	2,224
Liabilities assumed:
Accounts payable	(12,187		)
Other current liabilities	(36,498		)
Deferred income taxes⁽²⁾	(76,072		)
Total identifiable net assets	350,218
Goodwill⁽³⁾	465,030
Total assets acquired and liabilities assumed	$	815,248

⁽²⁾ As a result of the increase in the fair value of the intangible asset the deferred income taxes were stepped-up by $50.7 million.

⁽³⁾Amounts recorded for goodwill are generally not expected to be deductible for tax purposes.



	December 21, 2016
Assets acquired:
Cash and cash equivalents	$	157
Accounts receivable, net	1,200
Prepaid expenses and other current assets	48
Inventories, net	1,388
Property and equipment, net	13
Intangible assets	4,934
Liabilities assumed:
Accounts payable	(687		)
Accrued expenses and other current liabilities	(342		)
Other taxes payable (VAT)	(2		)
Income taxes payable	(138		)
Total identifiable net assets	6,571
Goodwill	13,546
Total purchase price	$	20,117

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents the combined entity's results as if the Business Combination had occurred on August 30, 2015:



	52-Week Period Ended
	August 26, 2017		August 27, 2016
Revenue	$	396,171	$	369,039
Net income	$	28,701	$	21,290

Property and Equipment, Net (Tables)

12 Months Ended

Aug. 26, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Included in property and equipment are website development costs as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Website development costs, gross	$	899		$	2,063
Accumulated amortization	(91		)	(1,215		)
Website development costs, net	$	808		$	848

Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:



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

Property and equipment, net, as presented with the Consolidated Balance Sheets, are summarized as follows:



	August 26, 2017			August 27, 2016
	(Successor)			(Predecessor)
Furniture and fixtures	$	69		$	917
Computer equipment and software	161			717
Machinery and equipment	289			638
Website development costs	899			2,063
Leasehold improvements	310			958
Construction in progress	525			256
	2,253			5,549
Less: accumulated depreciation and amortization	(148		)	(3,276		)
Total	$	2,105		$	2,273

Goodwill and Intangibles (Tables)

12 Months Ended

Aug. 26, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents the changes in goodwill:



	Total
August 29, 2015 (Predecessor)	$	40,724
Goodwill acquired during the period	—
Effect of exchange rate changes	—
August 27, 2016 (Predecessor)	$	40,724
Goodwill acquired during the predecessor period	13,546
Effect of exchange rate changes	137
Elimination of predecessor goodwill	(54,407		)
Successor business combination	465,030
Balance, August 26, 2017 (Successor)	$	465,030

Schedule of Finite-Lived Intangible Assets

Intangible assets, net consist of the following:



Successor		August 26, 2017
	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		515		58,485
Proprietary recipes and formulas	7 years	7,000		131		6,869
Licensing agreements	14 years	22,000		206		21,794
		$	320,000	$	852	$	319,148



Predecessor		August 27, 2016
	Useful Life	Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets with indefinite life:
Brands and trademarks	Indefinite life	$	109,900	$	—	$	109,900
Intangible assets with finite lives:
Customer relationships	15 years	121,000		46,087		74,913
Proprietary recipes and formulas	7 years	4,760		3,885		875
		$	235,660	$	49,972	$	185,688

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net consist of the following:



Successor		August 26, 2017
	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		515		58,485
Proprietary recipes and formulas	7 years	7,000		131		6,869
Licensing agreements	14 years	22,000		206		21,794
		$	320,000	$	852	$	319,148



Predecessor		August 27, 2016
	Useful Life	Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets with indefinite life:
Brands and trademarks	Indefinite life	$	109,900	$	—	$	109,900
Intangible assets with finite lives:
Customer relationships	15 years	121,000		46,087		74,913
Proprietary recipes and formulas	7 years	4,760		3,885		875
		$	235,660	$	49,972	$	185,688

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:



Successor (In thousands)
2018	$	6,505
2019	6,505
2020	6,505
2021	6,505
2022	6,505
2023 and thereafter	54,623

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Aug. 26, 2017

Other Liabilities Disclosure [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accrued expenses and other current liabilities were comprised of the following:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Professional fees	$	1,286	$	518
Accrued advertising allowances and claims	1,037		876
Accrued bonus	4,907		5,282
Freight accrual	875		1,391
Payroll-related accruals	842		1,033
Commissions	1,025		1,119
Income taxes payable	576		51
VAT payable	1,627		1,366
Other	2,867		4,993
	$	15,042	$	16,629

Long-Term Debt and Line of Credit (Tables)

12 Months Ended

Aug. 26, 2017

Debt Disclosure [Abstract]

Schedule of Debt

At August 26, 2017 and August 27, 2016 there were no amounts drawn against the Company’s Revolving Credit Facility or lines of credit, and long-term debt consists of the following:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Term facility due 2024	$	200,000	$	—
First Lien and Second Lien term loans	—		337,209
Less: long term deferred financing fees	7,910		4,184
Total debt	192,090		333,025
Less: current maturities, net of deferred financing fees of $1.3 million at August 26, 2017, $1.8 million at August 27, 2016	234		11,387
Long-term debt, net of deferred financing fees	$	191,856	$	321,638

Schedule of Maturities of Long-term Debt

Aggregate principal maturities of debt are as follows:



Fiscal year ending:
2018	$	1,500
2019	2,000
2020	2,000
2021	2,000
2022	2,000
Thereafter	190,500
	$	200,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Fair Value of Financial Instruments (Tables)

12 Months Ended

Aug. 26, 2017

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Fair value at August 26, 2017 is summarized as follows:



Successor	Level 1		Level 2		Level 3		Total
Liabilities
TRA liability	$	—	$	—	$	25,675	$	25,675

Fair value at August 27, 2016 is summarized as follows:



Predecessor	Level 1		Level 2		Level 3		Total
Liabilities
Warrants	$	—	$	—	$	15,722	$	15,722

Income Taxes (Tables)

12 Months Ended

Aug. 26, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign



	2017					2016			2015			2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017			52-weeks ended			35-weeks ended			52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017			August 27, 2016			August 29, 2015			December 27, 2014
	(Successor)		(Predecessor)			(Predecessor)			(Predecessor)			(Predecessor)
Domestic	$	78	$	(690	)	$	17,674		$	(9,171	)	$	23,752
Foreign	662		2,775			(133		)	(477		)	(173		)
Total	$	740	$	2,085		$	17,541		$	(9,648	)	$	23,579

Schedule of Components of Income Tax Expense (Benefit)



	2017						2016		2015			2014
	From July 7, 2017 through August 26, 2017			From August 28, 2016 through July 6, 2017			52-weeks ended		35-weeks ended			52-weeks ended
	From July 7, 2017 through August 26, 2017			From August 28, 2016 through July 6, 2017			August 27, 2016		August 29, 2015			December 27, 2014
	(Successor)			(Predecessor)			(Predecessor)		(Predecessor)			(Predecessor)
Current:
Federal	$	414		$	7,340		$	1,413	$	(926	)	$	51
State and local	11			415			135		101			49
Foreign	247			695			454		343			737
Total current	672			8,450			2,002		(482		)	837

Deferred:
Federal	(379		)	(4,172		)	4,796		(3,443		)	8,351
State and local	(3		)	259			686		(470		)	585
Foreign	—			33			23		61			(150		)
Total deferred income tax expense (benefit)	(382		)	(3,880		)	5,505		(3,852		)	8,786
Total tax expense (benefit)	$	290		$	4,570		$	7,507	$	(4,334	)	$	9,623

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows:



	2017				2016		2015		2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		52-weeks ended		35-weeks ended		52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		August 27, 2016		August 29, 2015		December 27, 2014
	(Successor)		(Predecessor)		(Predecessor)		(Predecessor)		(Predecessor)
Statutory income tax expense:	34.0	%	34.0	%	34.0	%	34.0	%	35.0	%
State income tax expense, net of federal	1.7		21.0		3.9		2.9		4.0
Valuation allowance	5.2		(0.9	)	2.2		(4.3	)	1.7
Taxes on foreign income above (below) the U.S. tax	(3.3	)	(7.5	)	0.5		(0.9	)	0.5
Warrant liabilities	—		(11.8	)	1.4		5.9		(0.2	)
Change in tax rate	—		(4.2	)	0.6		8.8		(0.5	)
Non-Deductible Transaction Costs	—		182.7		—		—		—
Other permanent items	1.6		6.0		0.2		(1.6	)	0.3
Income tax expense (benefit)	39.2	%	219.3	%	42.8	%	44.8	%	40.8	%

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 26, 2017 and August 27, 2016 were as follows:



	August 26, 2017			August 27, 2016
Deferred Tax Assets	(Successor)			(Predecessor)
Accounts receivable allowances	$	2,727		$	2,823
Inventories reserves	322			372
Accrued expenses	2,042			1,951
Net operating loss carryforwards	22,122			12,264
Stock Compensation	154			2,107
Tax Credits	7,976			—
Other	882			1,414
Deferred Tax Assets	36,225			20,931
Valuation Allowance	(3,905		)	(3,891		)

Deferred tax asset, net of valuation allowance	32,320			17,040

Deferred tax liabilities:
Prepaid expense	(1,066		)	(606		)
Excess tax over book depreciation	38			(54		)
Website development costs	(301		)	(317		)
Intangible assets	(106,263		)	(44,862		)
Other	(287		)	(393		)
Deferred tax liabilities	(107,879		)	(46,232		)
Net Deferred tax liabilities	$	(75,559	)	$	(29,192	)

Schedule of Unrecognized Tax Benefits Roll Forward

Below is a reconciliation of the beginning and ending unrecognized tax benefits, gross, recorded in the Consolidated Balance Sheet:



	August 26, 2017		August 27, 2016
	(Successor)		(Predecessor)
Beginning of period	$	—	$	—
Increases for tax positions related to the current period	—		—
Increases for tax positions related to prior periods	—		—
Decreases for tax positions related to prior periods	—		—
Decreases related to settlements	—		—
Decreases due to lapsed statute of limitations	—		—
End of period	$	—	$	—

Schedule of Undiscounted Future Expected Tax Receivable Agreement Payments

As of August 26, 2017, the undiscounted future expected payments under the TRA are as follows:



Successor (In thousands)	Estimated future payments
2018	$	2,812
2019	9,195
2020	5,271
2021	4,075
2022	3,482
2023 and thereafter	15,001

Commitments and Contingencies (Tables)

12 Months Ended

Aug. 26, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

The future commitments on the operating leases are as follows:



Successor (In thousands)	Future payments
2018	$	2,294
2019	2,211
2020	2,161
2021	1,585
Thereafter	2,089
Total	$	10,340

Earnings Per Share (Tables)

12 Months Ended

Aug. 26, 2017

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:



	Successor
(In thousands, except share data)	From July 7, 2017 through August 26, 2017
Basic earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	450
Denominator:
Weighted average common shares - basic	70,562,477
Basic earnings per share from net income	$	0.01
Diluted earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	450
Denominator:
Weighted average common shares outstanding - basic	70,562,477
Warrant conversion	690,248
Restricted stock units	2,045
Weighted average common shares - diluted ⁽¹⁾	71,254,770
Diluted earnings per share from net income	$	0.01
⁽¹⁾Excludes the effect of non-qualified stock options as the strike price exceeds the average market price for the period

Stock Option Plan (Tables)

12 Months Ended

Aug. 26, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based Compensation, Stock Options, Activity



(In thousands, except share data and years)	Awards	Fair value per share		Weighted average exercise price		Weighted average contractual life (in years)	Aggregate intrinsic value
Outstanding at July 7, 2017	—			$	—
Granted	2,577,692	$	3.71	12.00
Exercised	—			—
Forfeited, canceled and expired	—			—
Outstanding at August 26, 2017	2,577,692	$	3.71	$	12.00	2.9	$	—

A summary of the option activity under the plans for the predecessor period ending July 6, 2017 is presented below.



	Shares		Weighted average exercise price		Weighted average contractual life in years	Aggregate intrinsic value
Outstanding at August 27, 2016	52,473		$	534.78
Granted	314		$	960.27
Exercised	(31,500	)	$	352.79
Forfeited, canceled and expired	(21,287	)	$	810.36
Outstanding at July 6, 2017	—		$	—	—	$	—
Options vested or expected to vest	—		$	—	—	$	—
Exercisable at July 6, 2017	—		$	—	—	$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions



	From August 28, 2016 through July 6, 2017	52-weeks ended August 27, 2016	35-weeks ended August 29, 2015	52-weeks ended December 27, 2014
Expected volatility	55%	55%	55%	40% to 45%
Expected dividend yield	—%	—%	—%	—%
Expected option term	5.1 – 6.5 years	5.1 – 6.5 years	5.1 – 6.5 years	6.25 years
Risk-free rate of return	1.62% to 1.74%	1.62% to 1.74%	1.62% to 1.74%	1.08% to 1.16%

Assumptions as of the grant date used in the fair value calculation of each year’s grants are outlined in the following table.



		From July 7, 2017 through August 26, 2017
Expected volatility		27.5%
Expected dividend yield		—%
Expected option term		6.0 years
Risk-free rate of return		1.975%

Schedule of Share-based Compensation, Restricted Stock Units Award Activity



	Units	Weighted average grant-date fair value
Non-vested at July 7, 2017	—	$	—
Granted	65,845	$	12.00
Vested	—	$	—
Forfeited, canceled and expired	—	$	—
Non-vested at August 26, 2017	65,845	$	12.00

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range



	From August 28, 2016 through July 6, 2017		52-weeks ended August 27, 2016		35-weeks ended August 29, 2015		52-weeks ended December 27, 2014
Weighted average grant date fair value per share of options granted	$	261.80	$	261.80	$	142.28	$	142.28
Intrinsic value of options exercised	$	11,106	$	326	$	11	$	1,023
Fair value of shares vested	$	—	$	2,145	$	757	$	1,485
Tax benefit related to stock option expense	$	910	$	595	$	20	$	395

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Aug. 26, 2017

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)



	Foreign Currency Translation
Balance, December 28, 2013 (Predecessor)	$	(1,329	)
Foreign currency translation adjustment	292
December 27, 2014 (Predecessor)	(1,037		)
Foreign currency translation adjustment	(27		)
August 29, 2015 (Predecessor)	(1,064		)
Foreign currency translation adjustment	621
August 27, 2016 (Predecessor)	(443		)
Foreign currency translation adjustments (Predecessor)	(199		)
Elimination of accumulated other comprehensive loss (Predecessor)	642
Foreign currency translation adjustments (Successor)	19
Balance, August 26, 2017 (Successor)	$	19

Segment and Customer Information (Tables)

12 Months Ended

Aug. 26, 2017

Segment Reporting [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following is a summary of geographical information:



	2017				2016		2015		2014
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		52-weeks ended		35-weeks ended		52-weeks ended
	From July 7, 2017 through August 26, 2017		From August 28, 2016 through July 6, 2017		August 27, 2016		August 29, 2015		December 27, 2014
	(Successor)		(Predecessor)		(Predecessor)		(Predecessor)		(Predecessor)
Revenues from external customers
North America	$	52,373	$	316,776	$	399,922	$	234,564	$	398,321
International	3,961		23,061		27,936		18,334		31,537
Total	$	56,334	$	339,837	$	427,858	$	252,898	$	429,858

Long lived assets
North America	$	2,073	$	1,759	$	2,226	$	2,481	$	2,172
International	32		34		47		69		50
Total	$	2,105	$	1,793	$	2,273	$	2,550	$	2,222

Schedules of Concentration of Risk, by Risk Factor



	2017		2016	2015	2014
	From July 7, 2017 through August 26, 2017	From August 28, 2016 through July 6, 2017	52-weeks ended	35-weeks ended	52-weeks ended
	From July 7, 2017 through August 26, 2017	From August 28, 2016 through July 6, 2017	August 27, 2016	August 29, 2015	December 27, 2014
	(Successor)	(Predecessor)	(Predecessor)	(Predecessor)	(Predecessor)
Customer 1	42%	46%	41%	38%	40%

At August 26, 2017 and August 27, 2016, the Company had a single significant customer that accounted for the following amounts of the Company’s accounts receivable:



	August 26, 2017				August 27, 2016
	(Successor)				(Predecessor)
Customer 1	$	14,886	34	%	$	14,884	34	%

Unaudited Quarterly Financial Data (Tables)

12 Months Ended

Aug. 26, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Summarized quarterly financial data:



	(Successor)		(Predecessor)
	From July 7, 2017 through August 26, 2017		From May 28, 2017 through July 6, 2017			13-weeks ended		13-weeks ended		13-weeks ended
	From July 7, 2017 through August 26, 2017		From May 28, 2017 through July 6, 2017			May 27, 2017		February 25, 2017		November 26, 2016
Net sales	$	56,334	$	41,223		$	96,503	$	102,308	$	99,803
Income from operations	1,859		(18,660		)	10,628		13,305		18,460
Net income	$	450	$	(17,082	)	$	4,347	3,463		6,787
Earnings per share from net income:
Basic	$	0.01
Diluted	$	0.01



	52-weeks ended		13-weeks ended		13-weeks ended		13-weeks ended		13-weeks ended
	August 27, 2016		August 27, 2016		May 28, 2016		February 27, 2016		November 28, 2015
Net sales	$	427,858	$	103,491	$	104,590	$	120,095	$	99,682
Income from operations	45,959		10,124		7,992		11,424		16,419
Net income	$	10,034	$	1,159	$	776	$	2,390	$	5,709

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) $ in Millions, $ in Millions	12 Months Ended
	Aug. 26, 2017 USD ($) financial_instituiton	Aug. 26, 2017 CAD ($)	Aug. 27, 2016 USD ($)
Business Acquisition [Line Items]
Number of financial institutions \| financial_instituiton	6
Uninsured cash balances	$ 56.1		$ 78.2
Wellness Foods, Inc.
Business Acquisition [Line Items]
Uninsured cash balances		$ 3.1

Summary of Significant Accounting Policies - Accounts Receivable and Trade Promotions (Details) - USD ($) $ in Millions	Aug. 26, 2017	Aug. 27, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 0.4	$ 0.3
Allowance for Promotions
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for commitments	$ 7.8	$ 9.6

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Business Acquisition [Line Items]
Reservation percent for obsolete inventory four to six months	50.00%
Reservation percent for obsolete inventory within three months	100.00%
Provision for obsolete inventory	$ 1.0	$ 1.0
Simply Good Foods
Business Acquisition [Line Items]
Inventory fair value step-up	$ 6.0

Summary of Significant Accounting Policies - Property and Equipment Additional Information (Details) - Website development costs - USD ($)	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Property, Plant and Equipment [Line Items]
Estimated useful lives				3 years
Amortization of capitalized website development	$ 100,000
Disposal of fully amortized costs	0	$ 0	$ 0		$ 0	$ 1,900,000
Disposal amount	$ 0	0	0		0	1,900,000
(Predecessor)
Property, Plant and Equipment [Line Items]
Amortization of capitalized website development		$ 300,000	$ 500,000		$ 600,000	$ 800,000

Summary of Significant Accounting Policies - Property and Equipment Website Development Costs (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Property, Plant and Equipment [Line Items]
Website development costs, gross	$ 2,253	$ 5,549
Accumulated amortization	(148)	(3,276)
Property and equipment, net	2,105	2,273
Website development costs
Property, Plant and Equipment [Line Items]
Website development costs, gross	899
Accumulated amortization	(91)
Property and equipment, net	$ 808
(Predecessor) \| Website development costs
Property, Plant and Equipment [Line Items]
Website development costs, gross		2,063
Accumulated amortization		(1,215)
Property and equipment, net		$ 848

Summary of Significant Accounting Policies - Property and Equipment Useful Lives (Details)	12 Months Ended
	Aug. 26, 2017
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Computer equipment, software, and website development costs \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Computer equipment, software, and website development costs \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Office equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Summary of Significant Accounting Policies - Research and Development Activities (Details) - USD ($) $ in Millions	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Property, Plant and Equipment [Line Items]
Research and development expenses	$ 0.4
(Predecessor)
Property, Plant and Equipment [Line Items]
Research and development expenses		$ 1.4	$ 1.9	$ 2.1	$ 2.1

Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($)	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Entity Information [Line Items]
Advertising expense	$ 3,800,000
Production costs	$ 1,200,000			$ 0
(Predecessor)
Entity Information [Line Items]
Advertising expense		$ 23,000,000	$ 26,600,000	$ 27,800,000	$ 27,700,000

Summary of Significant Accounting Policies - Shipping and Handling Costs (Details) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Entity Information [Line Items]
Shipping and handling costs	$ 2,784
(Predecessor)
Entity Information [Line Items]
Shipping and handling costs		$ 11,429	$ 14,970	$ 18,489	$ 19,481

Business Combinations - Acquisition of Atkins Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands		2 Months Ended
	Jul. 07, 2017	Aug. 26, 2017
Business Acquisition [Line Items]
Proceeds private placement equity investment		$ 97,000,000
Acquisition of Atkins
Business Acquisition [Line Items]
Cash held in trust account	$ 404,000,000
Proceeds private placement equity investment	100,000,000
Cash on hand at Conyers Park	200,000
Payment for debt issuance costs related to the new tern loan	8,100,000
Cash paid in acquisition-related transaction costs	12,400,000
Cash paid to retire the predecessor long term debt	284,000,000
Consideration amount	$ 815,248,000
Shares issued at business combination (in shares)	10,250
Common stock value (in dollars per share)	$ 11.47
Equity consideration at fair value	$ 117,567,000
TRA fair value	25,675,000
TRA contingent payment (up to)	$ 100,000,000
Percentage of the value of the recorded tax attributes	100.00%
Legal costs	$ 2,000,000
Advisory fees	8,600,000
Contingent change-in-control bonuses	13,800,000
Term facility \| Acquisition of Atkins
Business Acquisition [Line Items]
Term loan debt	200,000,000
IPO \| Acquisition of Atkins
Business Acquisition [Line Items]
Payment for equity issuance cost	8,100,000
Private Placement \| Acquisition of Atkins
Business Acquisition [Line Items]
Payment for equity issuance cost	$ 3,000,000

Business Combinations - Purchase Price Consideration (Details) - Acquisition of Atkins $ in Thousands	Jul. 07, 2017 USD ($)
Business Acquisition [Line Items]
Cash paid	$ 672,006
Equity consideration paid to selling equity holders	117,567
Total cash and equity consideration	789,573
Tax receivable arrangement payable to selling equity holders	25,675
Total consideration	$ 815,248

Business Combinations - Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable (Details) - Acquisition of Atkins $ / shares in Units, shares in Thousands, $ in Thousands	Jul. 07, 2017 USD ($) $ / shares shares
Business Acquisition [Line Items]
Shares of Simply Good Foods paid to former equity holders of Atkins \| shares	10,250
Fair Value of SMPL equity per share (in dollars per share) \| $ / shares	$ 11.47
Equity consideration paid \| $	$ 117,567

Business Combinations - Atkins Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Jul. 07, 2017
Liabilities assumed:
Goodwill	$ 465,030
Acquisition of Atkins
Assets acquired:
Cash and cash equivalents		$ 71,181
Accounts receivable, net		31,507
Inventories, net		33,023
Prepaid expenses and other current assets		1,781
Other current assets		13,466
Property and equipment, net		1,793
Intangible assets		320,000
Other long-term assets		2,224
Liabilities assumed:
Accounts payable		(12,187)
Other current liabilities		(36,498)
Deferred income taxes		(76,072)
Total identifiable net assets		350,218
Goodwill		465,030
Total purchase price		815,248
Deferred income taxes, step-up		$ 50,700

Business Combinations - Business Acquisition, Pro Forma Information (Details) - Acquisition of Atkins - USD ($) $ in Thousands	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Business Acquisition [Line Items]
Revenue	$ 396,171	$ 369,039
Net income	$ 28,701	$ 21,290

Business Combinations - Acquisition of Wellness Foods (Details) - USD ($) $ in Thousands		2 Months Ended
	Dec. 21, 2016	Aug. 26, 2017
Business Acquisition [Line Items]
Business combination transaction costs		$ 0
Wellness Foods, Inc.
Business Acquisition [Line Items]
Consideration amount	$ 20,100
Business combination transaction costs	700
Intangible assets	$ 4,934
Amortization term	15 years
Intangible assets subject to amortization	$ 800

Business Combinations - Wellness Foods Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Dec. 21, 2016
Liabilities assumed:
Goodwill	$ 465,030
Wellness Foods, Inc.
Assets acquired:
Cash and cash equivalents		$ 157
Accounts receivable, net		1,200
Prepaid expenses and other current assets		48
Inventories, net		1,388
Property and equipment, net		13
Intangible assets		4,934
Liabilities assumed:
Accounts payable		(687)
Accrued expenses and other current liabilities		(342)
Other taxes payable (VAT)		(2)
Income taxes payable		(138)
Total identifiable net assets		6,571
Goodwill		13,546
Total purchase price		$ 20,117

Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Property, Plant and Equipment [Line Items]
Website development costs, gross	$ 2,253	$ 5,549
Less: accumulated depreciation and amortization	(148)	(3,276)
Total	2,105	2,273
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Website development costs, gross	69	917
Computer equipment and software
Property, Plant and Equipment [Line Items]
Website development costs, gross	161	717
Machinery and equipment
Property, Plant and Equipment [Line Items]
Website development costs, gross	289	638
Website development costs
Property, Plant and Equipment [Line Items]
Website development costs, gross	899
Less: accumulated depreciation and amortization	(91)
Total	808
Leasehold improvements
Property, Plant and Equipment [Line Items]
Website development costs, gross	310	958
Construction in progress
Property, Plant and Equipment [Line Items]
Website development costs, gross	$ 525	$ 256

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 0.1	$ 0.6	$ 1.0	$ 1.1	$ 1.2

Goodwill and Intangibles - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Goodwill [Roll Forward]
Goodwill acquired during the period	$ 465,030
Effect of exchange rate changes	137
Elimination of predecessor goodwill	(54,407)
Ending Balance	465,030
(Predecessor)
Goodwill [Roll Forward]
Beginning Balance	40,724	$ 40,724
Goodwill acquired during the period	$ 13,546	0
Effect of exchange rate changes		0
Ending Balance		$ 40,724

Goodwill and Intangibles - Narrative (Details) - USD ($)	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Goodwill [Line Items]
Goodwill impairment charges	$ 0	$ 0	$ 0	$ 0	$ 0
Amortization expense	$ 900,000	$ 6,600,000		$ 9,100,000	$ 9,900,000
(Predecessor)
Goodwill [Line Items]
Amortization expense			$ 8,500,000

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Intangible assets with indefinite life:
Accumulated amortization	$ 852
Intangible assets, Gross carrying amount	320,000
Intangible assets, Net carrying amount	319,148
(Predecessor)
Intangible assets with indefinite life:
Accumulated amortization		$ 49,972
Intangible assets, Gross carrying amount		235,660
Intangible assets, Net carrying amount		185,688
Brands and trademarks
Intangible assets with finite lives:
Indefinite-lived intangible assets	$ 232,000
Brands and trademarks \| (Predecessor)
Intangible assets with finite lives:
Indefinite-lived intangible assets		$ 109,900
Customer relationships
Intangible assets with indefinite life:
Useful Life	15 years
Finite-lived intangible assets, Gross carrying amount	$ 59,000
Accumulated amortization	515
Finite-lived intangible assets, Net carrying amount	$ 58,485
Customer relationships \| (Predecessor)
Intangible assets with indefinite life:
Useful Life		15 years
Finite-lived intangible assets, Gross carrying amount		$ 121,000
Accumulated amortization		46,087
Finite-lived intangible assets, Net carrying amount		$ 74,913
Proprietary recipes and formulas
Intangible assets with indefinite life:
Useful Life	7 years
Finite-lived intangible assets, Gross carrying amount	$ 7,000
Accumulated amortization	131
Finite-lived intangible assets, Net carrying amount	$ 6,869
Proprietary recipes and formulas \| (Predecessor)
Intangible assets with indefinite life:
Useful Life		7 years
Finite-lived intangible assets, Gross carrying amount		$ 4,760
Accumulated amortization		3,885
Finite-lived intangible assets, Net carrying amount		$ 875
Licensing agreements
Intangible assets with indefinite life:
Useful Life	14 years
Finite-lived intangible assets, Gross carrying amount	$ 22,000
Accumulated amortization	206
Finite-lived intangible assets, Net carrying amount	$ 21,794

Goodwill and Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Aug. 26, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 6,505
2019	6,505
2020	6,505
2021	6,505
2022	6,505
2023 and thereafter	$ 54,623

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Entity Information [Line Items]
Professional fees	$ 1,286
Accrued advertising allowances and claims	1,037
Accrued bonus	4,907
Freight accrual	875
Payroll-related accruals	842
Commissions	1,025
Income taxes payable	576
VAT payable	1,627
Other	2,867
Accrued expenses and other current liabilities	$ 15,042
(Predecessor)
Entity Information [Line Items]
Professional fees		$ 518
Accrued advertising allowances and claims		876
Accrued bonus		5,282
Freight accrual		1,391
Payroll-related accruals		1,033
Commissions		1,119
Income taxes payable		51
VAT payable		1,366
Other		4,993
Accrued expenses and other current liabilities		$ 16,629

Long-Term Debt and Line of Credit - Narrative (Details) - USD ($)			2 Months Ended	10 Months Ended
	Jul. 07, 2017	Apr. 03, 2013	Aug. 26, 2017	Jul. 06, 2017	Aug. 27, 2016
Debt Instrument [Line Items]
Principal payments of long-term debt			$ 0
Line of Credit
Debt Instrument [Line Items]
Outstanding debt			0		$ 0
Barclays Bank PLC and Other Parties \| New Credit Facilities
Debt Instrument [Line Items]
Net leverage ratio (equal to or less than)	6.25
Net leverage ratio post reduction (equal to or less than)	6.00
Barclays Bank PLC and Other Parties \| Term facility \| New Credit Facilities
Debt Instrument [Line Items]
Borrowing capacity	$ 200,000,000
Maturity period	7 years
Amounts drawn	$ 200,000,000
Prepayment premium percent	1.00%
Outstanding debt			$ 200,000,000
Barclays Bank PLC and Other Parties \| Term facility \| New Credit Facilities \| LIBOR
Debt Instrument [Line Items]
Interest rate floor	1.00%
Barclays Bank PLC and Other Parties \| Revolving Credit Facility \| New Credit Facilities
Debt Instrument [Line Items]
Borrowing capacity	$ 75,000,000
Maturity period	5 years
Amounts drawn	$ 0
Percent of commitments (in excess of)	30.00%
Credit Suisse Securities (USA) LLC \| First Lien Credit Agreement
Debt Instrument [Line Items]
Number of days for payment		120 days
Principal payments of long-term debt				$ (53,600,000)
Credit Suisse Securities (USA) LLC \| Term facility \| First Lien Credit Agreement
Debt Instrument [Line Items]
Borrowing capacity		$ 255,000,000
Credit Suisse Securities (USA) LLC \| Term facility \| First Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Interest rate floor		1.25%
Credit Suisse Securities (USA) LLC \| Term facility \| Second Lien Credit Agreement
Debt Instrument [Line Items]
Borrowing capacity		$ 100,000,000
Credit Suisse Securities (USA) LLC \| Term facility \| Second Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Interest rate floor		1.25%
Credit Suisse Securities (USA) LLC \| Revolving Credit Facility \| First Lien Credit Agreement
Debt Instrument [Line Items]
Borrowing capacity		$ 20,000,000
Credit Suisse Securities (USA) LLC \| Revolving Credit Facility \| First Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Interest rate floor		1.25%
Line of Credit \| Barclays Bank PLC and Other Parties \| New Credit Facilities \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Line of Credit \| Barclays Bank PLC and Other Parties \| New Credit Facilities \| Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Line of Credit \| Barclays Bank PLC and Other Parties \| Term facility \| New Credit Facilities \| Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Line of Credit \| Barclays Bank PLC and Other Parties \| Term facility \| New Credit Facilities \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%
Line of Credit \| Barclays Bank PLC and Other Parties \| Revolving Credit Facility \| New Credit Facilities \| Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Line of Credit \| Barclays Bank PLC and Other Parties \| Revolving Credit Facility \| New Credit Facilities \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Line of Credit \| Credit Suisse Securities (USA) LLC \| Term facility \| First Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		5.00%
Line of Credit \| Credit Suisse Securities (USA) LLC \| Term facility \| Second Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		8.50%
Line of Credit \| Credit Suisse Securities (USA) LLC \| Revolving Credit Facility \| First Lien Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		5.00%

Long-Term Debt and Line of Credit - Schedule of Debt (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Debt Instrument [Line Items]
Debt, gross	$ 200,000
Less: long term deferred financing fees	7,910
Total debt	192,090
Less: current maturities, net of deferred financing fees of $1.3 million at August 26, 2017, $1.8 million at August 27, 2016	234
Net of deferred financing fees, current	1,300	$ 1,800
Long-term debt, net of deferred financing fees	$ 191,856
(Predecessor)
Debt Instrument [Line Items]
Debt, gross		337,209
Less: long term deferred financing fees		4,184
Total debt		333,025
Less: current maturities, net of deferred financing fees of $1.3 million at August 26, 2017, $1.8 million at August 27, 2016		11,387
Long-term debt, net of deferred financing fees		$ 321,638

Long-Term Debt and Line of Credit - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Aug. 26, 2017 USD ($)
Debt Instrument [Line Items]
Total debt	$ 200,000
Barclays Bank PLC and Other Parties \| Line of Credit \| New Credit Facilities
Debt Instrument [Line Items]
2018	1,500
2019	2,000
2020	2,000
2021	2,000
2022	2,000
Thereafter	190,500
Total debt	$ 200,000

Fair Value of Financial Instruments - Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Liabilities
TRA liability	$ 25,675
Level 1
Liabilities
TRA liability	0
Level 2
Liabilities
TRA liability	0
Level 3
Liabilities
TRA liability	$ 25,675
Predecessor
Liabilities
Warrants		$ 15,722
Predecessor \| Level 1
Liabilities
Warrants		0
Predecessor \| Level 2
Liabilities
Warrants		0
Predecessor \| Level 3
Liabilities
Warrants		$ 15,722

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands		2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 27, 2016	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other income (expense) included in changes in warrant liabilities		$ 0			$ 700
Settled liabilities	$ 15,000
(Predecessor)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other income (expense) included in changes in warrant liabilities			$ (1,689)	$ (722)		$ 722	$ (143)

Income Taxes - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Entity Information [Line Items]
Domestic	$ 78
Foreign	662
Total	$ 740
(Predecessor)
Entity Information [Line Items]
Domestic		$ (9,171)	$ (690)	$ 17,674	$ 23,752
Foreign		(477)	2,775	(133)	(173)
Total		$ (9,648)	$ 2,085	$ 17,541	$ 23,579

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Current:
Federal	$ 414
State and local	11
Foreign	247
Total current	672
Deferred:
Federal	(379)
State and local	(3)
Foreign	0
Total deferred income tax expense (benefit)	(382)
Income tax expense (benefit)	$ 290
(Predecessor)
Current:
Federal		$ (926)	$ 7,340	$ 1,413	$ 51
State and local		101	415	135	49
Foreign		343	695	454	737
Total current		(482)	8,450	2,002	837
Deferred:
Federal		(3,443)	(4,172)	4,796	8,351
State and local		(470)	259	686	585
Foreign		61	33	23	(150)
Total deferred income tax expense (benefit)		(3,852)	(3,880)	5,505	8,786
Income tax expense (benefit)		$ (4,334)	$ 4,570	$ 7,507	$ 9,623

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Entity Information [Line Items]
Statutory income tax expense:	34.00%
State income tax expense, net of federal	1.70%
Valuation allowance	5.20%
Taxes on foreign income above (below) the U.S. tax	(3.30%)
Warrant liabilities	0.00%
Change in tax rate	0.00%
Non-Deductible Transaction Costs	0.00%
Other permanent items	1.60%
Income tax expense (benefit)	39.20%
(Predecessor)
Entity Information [Line Items]
Statutory income tax expense:		34.00%	34.00%	34.00%	35.00%
State income tax expense, net of federal		2.90%	21.00%	3.90%	4.00%
Valuation allowance		(4.30%)	(0.90%)	2.20%	1.70%
Taxes on foreign income above (below) the U.S. tax		(0.90%)	(7.50%)	0.50%	0.50%
Warrant liabilities		5.90%	(11.80%)	1.40%	(0.20%)
Change in tax rate		8.80%	(4.20%)	0.60%	(0.50%)
Non-Deductible Transaction Costs		0.00%	182.70%	0.00%	0.00%
Other permanent items		(1.60%)	6.00%	0.20%	0.30%
Income tax expense (benefit)		44.80%	219.30%	42.80%	40.80%

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 26, 2017	Aug. 27, 2016
Deferred Tax Assets
Accounts receivable allowances	$ 2,727
Inventories reserves	322
Accrued expenses	2,042
Net operating loss carryforwards	22,122
Stock Compensation	154
Tax Credits	7,976
Other	882
Deferred Tax Assets	36,225
Valuation Allowance	(3,905)
Deferred tax asset, net of valuation allowance	32,320
Deferred tax liabilities:
Prepaid expense	(1,066)
Excess tax over book depreciation	38
Website development costs	(301)
Intangible assets	(106,263)
Other	(287)
Deferred tax liabilities	(107,879)
Net Deferred tax liabilities	$ (75,559)
(Predecessor)
Deferred Tax Assets
Accounts receivable allowances		$ 2,823
Inventories reserves		372
Accrued expenses		1,951
Net operating loss carryforwards		12,264
Stock Compensation		2,107
Tax Credits		0
Other		1,414
Deferred Tax Assets		20,931
Valuation Allowance		(3,891)
Deferred tax asset, net of valuation allowance		17,040
Deferred tax liabilities:
Prepaid expense		(606)
Excess tax over book depreciation		(54)
Website development costs		(317)
Intangible assets		(44,862)
Other		(393)
Deferred tax liabilities		(46,232)
Net Deferred tax liabilities		$ (29,192)

Income Taxes - Narrative (Details) - USD ($)		12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Jul. 07, 2017	Aug. 26, 2017	Aug. 27, 2016	Aug. 29, 2015
Entity Information [Line Items]
DTA NOL, federal		$ 9,800,000
DTA NOL, state		8,400,000
Unremitted earnings		12,100,000
Valuation allowance on deferred tax asset		3,905,000
Unrecognized tax benefits		0	$ 0	$ 0
Accrued interest or penalties		0	0
(Predecessor)
Entity Information [Line Items]
Valuation allowance on deferred tax asset			3,891,000
Unrecognized tax benefits			0	$ 0
Domestic Tax Authority
Entity Information [Line Items]
Operating loss carryforwards		48,700,000	22,100,000
State and Local Jurisdiction
Entity Information [Line Items]
Operating loss carryforwards		52,100,000	29,500,000
Valuation allowance on deferred tax asset			300,000
Foreign Tax Authority
Entity Information [Line Items]
Operating loss carryforwards		$ 13,700,000	13,700,000
Valuation allowance on deferred tax asset			$ 3,600,000
Acquisition of Atkins
Entity Information [Line Items]
TRA contingent payment (up to)	$ 100,000,000
Percent of alternative minimum tax credit carryforwards		75.00%
Alternative minimum tax credit carryforwards (up to)		$ 7,600,000
Contingent payments	$ 25,675,000
Percent of the value of the recorded tax attributes		100.00%
Percent of the deemed benefits		100.00%
Tax savings rate		37.00%
Imputed interest rate		10.00%
TRA payment period		90 days

Income Taxes - Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($)	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning of period	$ 0	$ 0
Increases for tax positions related to the current period	0
Increases for tax positions related to prior periods	0
Decreases for tax positions related to prior periods	0
Decreases related to settlements	0
Decreases due to lapsed statute of limitations	0
End of period	0	0
(Predecessor)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning of period	$ 0	0
Increases for tax positions related to the current period		0
Increases for tax positions related to prior periods		0
Decreases for tax positions related to prior periods		0
Decreases related to settlements		0
Decreases due to lapsed statute of limitations		0
End of period		$ 0

Income Taxes - Schedule of Undiscounted Future Expected Tax Receivable Agreement Payments (Details) $ in Thousands	Aug. 26, 2017 USD ($)
Income Tax Disclosure [Abstract]
2018	$ 2,812
2019	9,195
2020	5,271
2021	4,075
2022	3,482
2023 and thereafter	$ 15,001

Commitments and Contingencies - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Aug. 26, 2017 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2018	$ 2,294
2019	2,211
2020	2,161
2021	1,585
Thereafter	2,089
Total	$ 10,340

Commitments and Contingencies - Narrative (Details) $ in Millions	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017 USD ($)	Aug. 29, 2015 USD ($)	Jul. 06, 2017 USD ($)	Aug. 26, 2017 building	Aug. 27, 2016 USD ($)	Dec. 27, 2014 USD ($)
Entity Information [Line Items]
Number of buildings with non-cancelable operating leases \| building				9
Rent expense	$ 0.3
(Predecessor)
Entity Information [Line Items]
Rent expense		$ 1.5	$ 1.7		$ 2.3	$ 2.1

Stockholders' Equity (Details)	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
Stockholders' Equity (Details)	Aug. 26, 2017 USD ($) $ / shares shares	Aug. 29, 2015 USD ($)	Jul. 06, 2017 USD ($)	Aug. 26, 2017 USD ($) trading_day vote $ / shares shares	Aug. 27, 2016 USD ($) $ / shares shares	Dec. 27, 2014 USD ($)
Class of Stock [Line Items]
Common stock shares authorized (in shares)	600,000,000			600,000,000
Common shares par value (in dollars per share) \| $ / shares	$ 0.01			$ 0.01
Preferred stock shares authorized (in shares)	100,000,000			100,000,000
Preferred stock par value (in dollars per share) \| $ / shares	$ 0.01			$ 0.01
Preferred stock shares issued (in shares)	0			0
Preferred shares outstanding (in shares)	0			0
Number of days after completion of business combination				30 days
Warrant expiration period				5 years
Warrant call price per share (in dollars per share) \| $ / shares	$ 0.01			$ 0.01
Written notice of redemption period (not less than)				30 days
Number of trading days within a 30-trading day period \| trading_day				20
Trading day period				30 days
Number of business days before notice of redemption				3 days
Other income (expense) included in changes in warrant liabilities \| $	$ 0			$ 700,000
Warrant liabilities \| $	$ 0			$ 0
Common Stock
Class of Stock [Line Items]
Shares issued at business combination (in shares)				70,562,477
Number of shares authorized to purchase per warrant (in shares)	1			1
Warrant price per share (in dollars per share) \| $ / shares	$ 11.50			$ 11.50
Common stock price (equals or exceeds) (in dollars per share) \| $ / shares				$ 18.00
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Restricted Stock Units of Common Stock issued (in shares)				65,845
Restricted Stock Units (RSUs) \| Common Stock
Class of Stock [Line Items]
Restricted Stock Units of Common Stock issued (in shares)				65,845
(Predecessor)
Class of Stock [Line Items]
Common stock shares authorized (in shares)	600,000			600,000	600,000,000
Common shares par value (in dollars per share) \| $ / shares	$ 0.01			$ 0.01	$ 0.01
Number of votes per share \| vote				1
Other income (expense) included in changes in warrant liabilities \| $		$ (1,689,000)	$ (722,000)		$ 722,000	$ (143,000)
Warrant liabilities \| $					$ 15,722,000
Public Warrants
Class of Stock [Line Items]
Warrants issued (in shares)	13,416,667			13,416,667
Private Placement Warrants
Class of Stock [Line Items]
Warrants issued (in shares)	6,700,000			6,700,000

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 27, 2016
Numerator:
Net income available to common stock shareholders	$ 450	$ 10,034
Denominator:
Weighted average common shares - basic (in shares)	70,562,477
Basic earnings per share from net income (in dollars per share)	$ 0.01
Numerator:
Net income available to common stock shareholders	$ 450	$ 10,034
Denominator:
Weighted average common shares - basic (in shares)	70,562,477
Warrant conversion (in shares)	690,248
Restricted stock units (in shares)	2,045
Weighted average common shares - diluted (in shares)	71,254,770
Diluted earnings per share from net income (in dollars per share)	$ 0.01

Stock Option Plan - Narrative (Details)		1 Months Ended		2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
Stock Option Plan - Narrative (Details)	Oct. 01, 2016 USD ($)	Jul. 31, 2017 shares	Jan. 31, 2011 tranche	Aug. 26, 2017 USD ($)	Aug. 29, 2015 USD ($) shares	Jul. 06, 2017 USD ($)	Aug. 26, 2017 USD ($) $ / shares shares	Aug. 27, 2016 USD ($) employee shares	Dec. 27, 2014 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash from stock option exercises				$ 0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							3 years
Stock based compensation expense							$ 0
Weighted average recognition period	2 years 10 months 24 days
Number of units granted (in shares) \| shares							65,845
Weighted-average market value (in dollars per share) \| $ / shares							$ 12.00
Unrecognized compensation cost related to restricted stock awards	$ 800,000
Restricted shares vested (in shares) \| shares							0
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares to be issued (in shares) \| shares		9,067,917
Vesting period		3 years
Expiration period		10 years
Stock based compensation expense							$ 400,000
Fair value of shares vested							0
Unrecognized compensation cost related to stock options				$ 9,200,000			$ 9,200,000
Incentive Plan \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average recognition period							2 years 10 months 24 days
(Predecessor)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested					$ 757,000	$ 0	$ 2,145,000		$ 1,485,000
Cash from stock option exercises					$ 11,000	$ 109,000		$ 326,000	$ 1,921,000
(Predecessor) \| Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Common stock reserved for future issuance (in shares) \| shares					60,872			75,872	60,872
Options granted (in shares) \| shares								75,872
Options available for future grant (in shares) \| shares								3,213
(Predecessor) \| Option Plan \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Number of tranches \| tranche			5
Number of employees impacted by modification \| employee								5
Incremental compensation cost								$ 700,000
(Predecessor) \| Option Plan \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period			10 years

Stock Option Plan - Share-based Compensation, Stock Options, Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Dec. 27, 2014
Incentive Plan
Awards
Outstanding at beginning of period (in shares)		0	0
Granted (in shares)			2,577,692
Exercised (in shares)			0
Forfeited, canceled and expired (in shares)			0
Outstanding at end of period (in shares)			2,577,692
Fair value per share granted (in dollars per share)			$ 3.71
Fair value per share outstanding (in dollars per share)			3.71
Weighted average exercise price
Outstanding at beginning of period (in dollars per share)		$ 0.00	0.00
Granted (in dollars per share)			12.00
Exercised (in dollars per share)			0.00
Forfeited, canceled and expired (in dollars per share)			0.00
Outstanding at end of period (in dollars per share)			$ 12.00
Outstanding at end of period, Weighted average contractual life			2 years 10 months 24 days
Outstanding at end of period, Aggregate intrinsic value			$ 0
(Predecessor)
Awards
Granted (in shares)		314
Exercised (in shares)		(31,500)
Forfeited, canceled and expired (in shares)		(21,287)
Outstanding at end of period (in shares)		0	52,473
Fair value per share granted (in dollars per share)	$ 142.28	$ 261.80	$ 261.80	$ 142.28
Options vested or expected to vest (in shares)		0
Exercisable (in shares)		0
Weighted average exercise price
Granted (in dollars per share)		$ 960.27
Exercised (in dollars per share)		352.79
Forfeited, canceled and expired (in dollars per share)		810.36
Outstanding at end of period (in dollars per share)		0.00	$ 534.78
Options vested or expected to vest (in dollars per share)		0.00
Exercisable (in dollars per share)		$ 0.00
Outstanding at end of period, Weighted average contractual life		0 years
Options vested or expected to vest, contractual life		0 years
Exercisable, contractual life		0 years
Outstanding at end of period, Aggregate intrinsic value		$ 0
Options vested or expected to vest, Aggregate intrinsic value		0
Exercisable, Aggregate intrinsic value		$ 0

Stock Option Plan - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility			27.50%
Expected dividend yield			0.00%
Expected option term			6 years
Risk-free rate of return			1.975%
(Predecessor) \| Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	55.00%	55.00%		55.00%
Expected volatility minimum					40.00%
Expected volatility maximum					45.00%
Expected dividend yield	0.00%	0.00%		0.00%	0.00%
Expected option term					6 years 3 months
Risk-free rate of return minimum	1.62%	1.62%		1.62%	1.08%
Risk-free rate of return maximum	1.74%	1.74%		1.74%	1.16%
(Predecessor) \| Minimum \| Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option term	5 years 1 month 6 days	5 years 1 month 6 days		5 years 1 month 6 days
(Predecessor) \| Maximum \| Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option term	6 years 6 months	6 years 6 months		6 years 6 months

Stock Option Plan - Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Aug. 26, 2017 $ / shares shares
Units
Non-vested at beginning of period (in shares) \| shares	0
Granted (in shares) \| shares	65,845
Vested (in shares) \| shares	0
Forfeited, canceled and expired (in shares) \| shares	0
Non-vested at end of period (in shares) \| shares	65,845
Weighted average grant-date fair value
Non-vested at beginning of period (in dollars per share) \| $ / shares	$ 0.00
Granted (in dollars per share) \| $ / shares	12.00
Vested (in dollars per share) \| $ / shares	0.00
Forfeited, canceled and expired (in dollars per share) \| $ / shares	0.00
Non-vested at end of period (in dollars per share) \| $ / shares	$ 12.00

Stock Option Plan - Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range (Details) - (Predecessor) - USD ($) $ / shares in Units, $ in Thousands	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Dec. 27, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted average grant date fair value per share of options granted (in dollars per share)	$ 142.28	$ 261.80	$ 261.80	$ 142.28
Intrinsic value of options exercised	$ 11	$ 11,106	$ 326	$ 1,023
Fair value of shares vested	757	0	2,145	1,485
Tax benefit related to stock option expense	$ 20	$ 910	$ 595	$ 395

Related Party Transactions (Details) - (Predecessor) - Former Majority Stockholder, Atkins - Majority Shareholder - USD ($) $ in Millions	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Management fee
Related Party Transaction [Line Items]
Percent of consolidated adjusted earnings before interest			2.00%
Management fee expense	$ 0.9	$ 1.2		$ 1.7	$ 1.6
Minimum \| Management fee
Related Party Transaction [Line Items]
Management fee minimum			$ 0.9
Maximum \| Out-of-pocket expenses
Related Party Transaction [Line Items]
Annual reimbursements for out-of-pocket expenses maximum			$ 0.2

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 597,821
Foreign currency translation adjustments	19
Ending balance	598,702		$ 597,821	$ 598,702
(Predecessor)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ (36,217)	(27,834)	(27,834)	$ (41,322)	$ (53,911)
Foreign currency translation adjustments		(27)	(199)	(199)	621	292
Ending balance	(28,027)	(41,322)		(28,027)	(27,834)	(36,217)
Foreign Currency Translation \| (Predecessor)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(1,037)	$ (443)	(443)	(1,064)	(1,329)
Foreign currency translation adjustments		(27)		(199)	621	292
Elimination of accumulated other comprehensive loss (Predecessor)				642
Ending balance		$ (1,064)			$ (443)	$ (1,037)
Foreign Currency Translation \| Successor
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Foreign currency translation adjustments (Successor)				19
Ending balance	$ 19			$ 19

Segment and Customer Information - Narrative (Details)	12 Months Ended
Segment and Customer Information - Narrative (Details)	Aug. 26, 2017 segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment and Customer Information - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended							8 Months Ended	10 Months Ended	12 Months Ended
	Jul. 06, 2017	Aug. 26, 2017	May 27, 2017	Feb. 25, 2017	Nov. 26, 2016	Aug. 27, 2016	May 28, 2016	Feb. 27, 2016	Nov. 28, 2015	Aug. 29, 2015	Jul. 06, 2017	Aug. 27, 2016	Dec. 27, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers		$ 56,334
Long lived assets		2,105
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers		52,373
Long lived assets		2,073
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers		3,961
Long lived assets		$ 32
(Predecessor)
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers	$ 41,223		$ 96,503	$ 102,308	$ 99,803	$ 103,491	$ 104,590	$ 120,095	$ 99,682	$ 252,898	$ 339,837	$ 427,858	$ 429,858
Long lived assets	1,793					2,273				2,550	1,793	2,273	2,222
(Predecessor) \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers										234,564	316,776	399,922	398,321
Long lived assets	1,759					2,226				2,481	1,759	2,226	2,172
(Predecessor) \| International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers										18,334	23,061	27,936	31,537
Long lived assets	$ 34					$ 47				$ 69	$ 34	$ 47	$ 50

Segment and Customer Information - Schedules of Concentration of Risk, by Risk Factor (Details) - USD ($) $ in Thousands	2 Months Ended	8 Months Ended	10 Months Ended	12 Months Ended
	Aug. 26, 2017	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Concentration Risk [Line Items]
Accounts receivable, net	$ 37,181			$ 37,181
(Predecessor)
Concentration Risk [Line Items]
Accounts receivable, net					$ 42,839
Customer 1 \| Customer Concentration Risk \| Sales Revenue, Net
Concentration Risk [Line Items]
Risk percentage	42.00%
Customer 1 \| Customer Concentration Risk \| Accounts Receivable
Concentration Risk [Line Items]
Risk percentage				34.00%
Accounts receivable, net	$ 14,886			$ 14,886
Customer 1 \| (Predecessor) \| Customer Concentration Risk \| Sales Revenue, Net
Concentration Risk [Line Items]
Risk percentage		38.00%	46.00%		41.00%	40.00%
Customer 1 \| (Predecessor) \| Customer Concentration Risk \| Accounts Receivable
Concentration Risk [Line Items]
Risk percentage					34.00%
Accounts receivable, net					$ 14,884

Significant Agreement (Details) - USD ($) $ in Thousands			12 Months Ended
Significant Agreement (Details) - USD ($) $ in Thousands	Jul. 06, 2017	Sep. 01, 2016	Aug. 26, 2017
Business Acquisition [Line Items]
Minimum royalty payment		$ 4,000
Annual increase in royalty percent		3.00%
Royalty term		7 years
Royalty term potential extension period		7 years
Licensing agreements
Business Acquisition [Line Items]
Intangible assets			$ 22,000
Depreciable life			14 years
Licensing agreements \| Acquisition of Atkins
Business Acquisition [Line Items]
Intangible assets	$ 22,000
Depreciable life	14 years

Unaudited Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended							8 Months Ended	10 Months Ended	12 Months Ended
	Jul. 06, 2017	Aug. 26, 2017	May 27, 2017	Feb. 25, 2017	Nov. 26, 2016	Aug. 27, 2016	May 28, 2016	Feb. 27, 2016	Nov. 28, 2015	Aug. 29, 2015	Jul. 06, 2017	Aug. 26, 2017	Aug. 27, 2016	Dec. 27, 2014
Entity Information [Line Items]
Net sales		$ 56,334
Income from operations		1,859
Net income (loss)		$ 450											$ 10,034
Earnings per share from net income:
Basic (in dollars per share)		$ 0.01
Diluted (in dollars per share)		$ 0.01
(Predecessor)
Entity Information [Line Items]
Net sales	$ 41,223		$ 96,503	$ 102,308	$ 99,803	$ 103,491	$ 104,590	$ 120,095	$ 99,682	$ 252,898	$ 339,837		427,858	$ 429,858
Income from operations	(18,660)		10,628	13,305	18,460	10,124	7,992	11,424	16,419	7,984	23,733		45,959	52,374
Net income (loss)	$ (17,082)		$ 4,347	$ 3,463	$ 6,787	$ 1,159	$ 776	$ 2,390	$ 5,709	$ (5,314)	$ (2,485)	$ (2,485)	$ 10,034	$ 13,956