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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Nov. 25, 2017	Jan. 08, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Simply Good Foods Co.
Entity Central Index Key	0001702744
Current Fiscal Year End Date	--08-25
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Nov. 25, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		70,582,573

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Nov. 25, 2017	Aug. 26, 2017
Current assets:
Cash and cash equivalents	$ 62,875	$ 56,501
Accounts receivable, net	43,583	37,181
Inventories	31,665	29,062
Prepaid expenses	3,338	2,904
Other current assets	8,918	8,263
Total current assets	150,379	133,911
Long-term assets:
Property and equipment, net	2,457	2,105
Intangible assets, net	317,522	319,148
Goodwill	466,787	465,030
Other long-term assets	2,294	2,294
Total assets	939,439	922,488
Current liabilities:
Accounts payable	17,455	14,859
Accrued interest	531	561
Accrued expenses and other current liabilities	14,524	15,042
Current portion of TRA liability	2,611	2,548
Current maturities of long-term debt	711	234
Total current liabilities	35,832	33,244
Long-term liabilities:
Long-term debt, less current maturities	191,701	191,856
Long-term portion of TRA liability	23,706	23,127
Deferred income taxes	78,680	75,559
Total liabilities	329,919	323,786
See commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized, 70,582,573 and 70,562,477 issued and outstanding, respectively	706	706
Additional paid-in-capital	611,437	610,138
Accumulated deficit	(1,943)	(12,161)
Accumulated other comprehensive (loss) income	(680)	19
Total stockholders' equity	609,520	598,702
Total liabilities and stockholders' equity	$ 939,439	$ 922,488

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Nov. 25, 2017	Aug. 26, 2017
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	100,000,000	100,000,000
Preferred stock shares issued (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	600,000,000	600,000,000
Common stock shares issued (in shares)	70,582,573	70,562,477
Common stock shares outstanding (in shares)	70,582,573	70,562,477

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Net sales	$ 106,587
Cost of goods sold	53,830
Gross profit	52,757
Operating Expenses:
Distribution	4,817
Selling	3,903
Marketing	9,850
General and administrative	12,079
Depreciation and amortization	1,934
Change in fair value of contingent consideration - TRA liability	642
Other expense	246
Total operating expenses	33,471
Income from operations	19,286
Other income (expense):
Change in warrant liabilities	0
Interest expense	(3,019)
Gain (loss) on foreign currency transactions	355
Other income	86
Total other expense	(2,578)
Income before income taxes	16,708
Income tax expense	6,490
Net income	10,218
Other comprehensive income:
Foreign currency translation adjustments	(699)
Comprehensive income	$ 9,519
Earnings per share from net income:
Basic (in dollars per share)	$ 0.14
Diluted (in dollars per share)	$ 0.14
Weighted average shares outstanding:
Basic (in shares)	70,571,008
Diluted (in shares)	71,240,590
(Predecessor)
Net sales		$ 99,803
Cost of goods sold		51,091
Gross profit		48,712
Operating Expenses:
Distribution		4,369
Selling		4,293
Marketing		9,206
General and administrative		9,931
Depreciation and amortization		2,453
Change in fair value of contingent consideration - TRA liability		0
Other expense		0
Total operating expenses		30,252
Income from operations		18,460
Other income (expense):
Change in warrant liabilities		722
Interest expense		(7,063)
Gain (loss) on foreign currency transactions		(610)
Other income		177
Total other expense		(6,774)
Income before income taxes		11,686
Income tax expense		4,899
Net income		6,787
Other comprehensive income:
Foreign currency translation adjustments		303
Comprehensive income		$ 7,090

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Operating activities
Net income	$ 10,218
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	1,934
Amortization of deferred financing costs and debt discount	322
Stock compensation expense	1,068
Change in warrant liabilities	0
Change in fair value of contingent consideration - TRA liability	642
Unrealized (gain) loss on foreign currency transactions	(355)
Deferred income taxes	3,125
Changes in operating assets and liabilities:
Accounts receivable, net	(6,985)
Inventories	(2,688)
Prepaid expenses	(375)
Other current assets	53
Accounts payable	2,627
Accrued interest	(30)
Accrued expenses and other current liabilities	(767)
Other	44
Net cash provided by operating activities	8,833
Investing activities
Purchases of property and equipment	(661)
Acquisition of business, net of cash acquired	(1,757)
Cash withdrawn from trust account	0
Net cash used in investing activities	(2,418)
Financing activities
Proceeds from option exercises	0
Net cash provided by financing activities	0
Cash and cash equivalents
Net increase in cash	6,415
Effect of exchange rate on cash	(41)
Cash at beginning of period	56,501
Cash and cash equivalents at end of period	62,875
Supplemental disclosures of cash flow information
Cash paid for interest	2,727
Cash paid for taxes	$ 341
(Predecessor)
Operating activities
Net income		$ 6,787
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		2,453
Amortization of deferred financing costs and debt discount		491
Stock compensation expense		526
Change in warrant liabilities		(722)
Change in fair value of contingent consideration - TRA liability		0
Unrealized (gain) loss on foreign currency transactions		610
Deferred income taxes		4,712
Changes in operating assets and liabilities:
Accounts receivable, net		6,910
Inventories		3,908
Prepaid expenses		(815)
Other current assets		(3,692)
Accounts payable		(7,143)
Accrued interest		205
Accrued expenses and other current liabilities		(5,628)
Other		33
Net cash provided by operating activities		8,635
Investing activities
Purchases of property and equipment		(41)
Acquisition of business, net of cash acquired		0
Cash withdrawn from trust account		0
Net cash used in investing activities		(41)
Financing activities
Proceeds from option exercises		109
Net cash provided by financing activities		109
Cash and cash equivalents
Net increase in cash		8,703
Effect of exchange rate on cash		(205)
Cash at beginning of period		78,492
Cash and cash equivalents at end of period		86,990
Supplemental disclosures of cash flow information
Cash paid for interest		6,282
Cash paid for taxes		$ 5

Nature of Operations and Principles of Consolidation	3 Months Ended
Nature of Operations and Principles of Consolidation	Nov. 25, 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, see Note 3 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 fiscal year. As a result of the Business Combination, 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”). The accompanying financial statements include condensed consolidated balance sheet information for the successor entity ended November 25, 2017 and August 26, 2017. The remaining financial statements include the successor thirteen week period ended November 25, 2017 and the predecessor thirteen week period ended November 26, 2016. Description of Business Simply Good Foods operates in the healthy snacking category. The Atkins brand focuses on an approach to eating that advocates reduced levels of refined carbohydrates and refined sugars, and encourages the consumption of lean protein, fiber, fruits, vegetables, and good fats. The Company sells a variety of nutrition bars, RTD shakes, snacks and confectionery products designed around the nutrition principles of the Atkins eating approach. In addition to snacking products we have a license arrangement for frozen meals sold in the United States. Seasonality The Company has experienced in the past, and expects to continue to experience, seasonal fluctuations in sales as a result of consumer spending patterns. Historically, sales have been greatest in the 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 resolution season. The Company has also seen minimal seasonality in the summer and back-to-school shopping seasons 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. Unaudited Interim Condensed Consolidated Financial Statements The interim Condensed Consolidated Financial Statements and related notes (“interim statements”) of the Company and its subsidiaries are unaudited. In the opinion of management, all adjustments (including normal recurring adjustments) and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with the Company's Consolidated Financial Statements for the fiscal year ended August 26, 2017, included in our Annual Report on Form 10-K (“Annual Report”), filed on November 9, 2017. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted.

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Nov. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Refer to Note 2, Summary of Significant Accounting Policies, to the Consolidated Financial Statements for the fiscal year ended August 26, 2017, included in our Annual Report, for a description of critical accounting policies. There have been no significant changes to our critical accounting policies since August 26, 2017. 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 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 ASU will have a material impact 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 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 ASU is effective for the Company’s August 2019 fiscal year end. The Company does not anticipate adoption of this ASU will have a material impact on its consolidated statements 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 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 ASU to 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 ASU to be material to its consolidated financial statements.

Business Combinations

3 Months Ended

Nov. 25, 2017

Business Combinations [Abstract]

Business Combinations

Acquisition of Atkins

Upon the consummation of the Business Combination, and through a number of sub-mergers discussed in Note 1 above, 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 issuance, $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 the first quarter of fiscal 2018, per the terms of the Merger Agreement, Simply Good Foods paid a working capital adjustment of $1.8 million to the former owners of Atkins which resulted in an increase to the previously recognized Goodwill.

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 $817.0 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 an estimated fair value of $25.7 million as of the close of the Business Combination. 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 November 25, 2017, the 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 7, Income Taxes, for additional discussion on the TRA).

As disclosed in the Annual Report, the predecessor financial statements of historical Atkins’ included 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 were incurred during the fourth quarter of fiscal 2017 and were recorded within business combination transaction costs within the Statements of Operations and Comprehensive Income as disclosed in the Annual Report.

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	$	673,763
Equity consideration paid to selling equity holders (1)	117,567
Total cash and equity consideration	791,330
TRA payable to selling equity holders	25,675
Total consideration	$	817,005

(1) Equity consideration paid is summarized below:



(In thousands, except equity per share data)
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):



Assets acquired:
Cash and cash equivalents	$	71,181
Accounts receivable, net	31,507
Inventories	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⁽¹⁾⁽³⁾	466,787
Total assets acquired and liabilities assumed	$	817,005

⁽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 4. 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 for the completion of the assessment of the accounting and valuation of 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 combined financial information presents combined results of Conyers Park and Atkins as if the Business Combination had occurred at the beginning of fiscal year 2017:



	13-weeks ended
	November 26, 2016
Revenue	$	99,803
Gross profit	$	48,712
Net income	$	9,019

These pro forma combined 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 pro forma financial 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 at the beginning of fiscal year 2017, nor is it representative of future operating results of the Company.

Goodwill and Intangibles

3 Months Ended

Nov. 25, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

The following table presents the changes in goodwill:



	Total
Balance, August 26, 2017 (Successor)	465,030
Goodwill working capital adjustment	1,757
Balance, November 25, 2017 (Successor)	$	466,787

Changes in fair value of the Company’s Goodwill from August 26, 2017 to November 25, 2017 resulted from the acquisitions and application of the acquisition method of accounting as described in Note 3 above. There were no impairment charges related to goodwill during these periods or since the inception of the Company.

Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following:



Successor		November 25, 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		1,498		57,502
Proprietary recipes and formulas	7 years	7,000		381		6,619
Licensing agreements	14 years	22,000		599		21,401
		$	320,000	$	2,478	$	317,522



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

Intangible assets, net changed due to regular amortization expense. Amortization expenses related to intangible assets during the thirteen weeks ended November 25, 2017 and November 26, 2016 were $1.6 million and $2.2 million respectively.

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



(In thousands by fiscal year)
2018	$	4,879
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

Long-Term Debt and Line of Credit

3 Months Ended

Nov. 25, 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 Euro-currency rate applicable for an interest period of one month plus 1.00% plus (x) 3.00% margin for Term Loan or (y) 2.00% margin for Revolving Credit Facility, or (ii) London Interbank Offered Rate (“LIBOR”) adjusted for statutory reserve requirements, plus (x) 4.00% margin for 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 November 25, 2017, and August 26, 2017, no debt covenants were applicable as of the period then ended.

As of November 25, 2017, the Company’s only outstanding long-term debt is the Term Loan maturing on July 7, 2024.

At November 25, 2017 and August 26, 2017, there were no amounts drawn against the Revolving Credit Facility or lines of credit, and long-term debt consists of the following:



	November 25, 2017		August 26, 2017
	(Successor)		(Successor)
Term loan	$	200,000	$	200,000
Less: deferred financing fees	7,588		7,910
Total debt	192,412		192,090
Less: current maturities, net of deferred financing fees of $1.3 million at November 25, 2017 and August 26, 2017, respectively	711		234
Long-term debt, net of deferred financing fees	$	191,701	$	191,856

The Company utilizes market approaches to estimate the fair value of certain outstanding borrowings by discounting anticipated future cash flows derived from the contractual terms of the obligations and observable market interest and foreign exchange rates. The Company carries debt at historical cost and discloses fair value. As of August 26, 2017 and November 25, 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

3 Months Ended

Nov. 25, 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 liabilities measured at fair value. The fair value and fair value inputs of the TRA is discussed in Note 7.

Fair value at November 25, 2017 is summarized as follows:



Successor	Level 1		Level 2		Level 3		Total
Liabilities
TRA liability	$	—	$	—	$	26,317	$	26,317

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

For the thirteen week period ended November 25, 2017, $0.6 million was charged to the Change in fair value of contingent consideration - TRA liability in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.

- 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

3 Months Ended

Nov. 25, 2017

Income Tax Disclosure [Abstract]

Income Taxes

The following table shows the tax expense and the effective tax rate for the thirteen weeks ended November 25, 2017 and November 26, 2016 resulting from operations:



	November 25, 2017			November 26, 2016
	(Successor)			(Predecessor)
Income before income taxes	$	16,708		$	11,686
Provision for income taxes	$	6,490		$	4,899
Effective tax rate	38.8		%	41.9		%

The effective tax rate for the thirteen weeks ended November 25, 2017 is lower than the effective tax rate for the thirteen weeks ended thirteen weeks ended November 26, 2016 by 3.1%, which is primarily driven by a greater pre-tax income combined with lower permanent differences.

Tax Receivable Agreement

Concurrent with the Business Combination, the Company entered into the TRA with the historical shareholders of Atkins. The TRA 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). As more fully described in the TRA, 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 November 25, 2017, the estimated fair value of these contingent payments is $26.3 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, including the impact of the Tax Cuts and Jobs Act as more fully described in Note 14, Subsequent Events .

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%. The TRA assumptions will be re-measured for subsequent inputs based on the enacted tax rates under the Tax Cuts and Jobs Act singed into law on December 22, 2017, further discussed within Note 14. TRA fair value inputs related to the fair value disclosures included in Note 6 are the above 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 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 November 25, 2017, the undiscounted future expected payments under the TRA are as follows:



(In thousands by fiscal year)	Estimated future payments
2018	$	2,812
2019	9,195
2020	5,271
2021	4,075
2022	3,482
2023 and thereafter	15,001
	$	39,836

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Nov. 25, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company has non-cancellable operating leases for nine buildings. For the thirteen weeks ended November 25, 2017 and November 26, 2016, rent expenses for the successor entity were $0.6 million and for the predecessor entity were $0.6 million, 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 7 for detail on the TRA, which was contingent consideration at the time of the Business Combination. Other The Company has entered into endorsement contracts with certain celebrity figures to promote and endorse the Atkins brand and line of products. These contracts contain endorsement fees, which are expensed ratably over the life of the contract, and performance fees, that are recognized at the time of achievement. Based on the terms of the contracts in place and achievement of performance conditions as of November 25, 2017 the Company will be required to make payments of $1.8 million over the next year.

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Nov. 25, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Successor Stock The Company 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 and at August 26, 2017. The number of outstanding shares as of August 26, 2017 was previously reported to be 70,628,322 due to the improper inclusion of 65,845 restricted stock units that were not outstanding shares of common stock at August 26, 2017. The disclosure of shares outstanding at August 26, 2017 has been updated in this report to reflect the actual number of shares outstanding. During the thirteen week period ended November 25, 2017, equity warrants were converted for 20,096 shares of common stock and 70,582,573 shares of common stock were issued and outstanding at November 25, 2017. Please refer to Note 11 regarding the treatment of stock-based compensation and restricted stock units. 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 are 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 the Company's common stock at a price of $11.50 per share, subject to adjustment as discussed below. The public 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. The private warrants do not expire. The Company may call the public 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 ended 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. Due to the conversion of 20,096 warrants during the thirteen weeks ended November 25, 2017, the Company had 20,096,571 warrants outstanding as of November 25, 2017. 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 for additional details on the Business Combination. 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. For the predecessor entity, other income (expenses) of $0.7 million was included in the changes in warrant liabilities in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income for the thirteen weeks ended November 26, 2016.

Earnings Per Share

3 Months Ended

Nov. 25, 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:



	Thirteen Weeks Ended
	November 25, 2017
(In thousands, except share data)	(Successor)
Basic earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	10,218
Denominator:
Weighted average common shares - basic	70,571,008
Basic earnings per share from net income	$	0.14
Diluted earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	10,218
Denominator:
Weighted average common shares outstanding - basic	70,571,008
Warrant conversion	659,301
Restricted stock units	10,281
Weighted average common shares - diluted ⁽¹⁾	71,240,590
Diluted earnings per share from net income	$	0.14
⁽¹⁾Excludes the effect of non-qualified stock options as the strike price exceeds the average market price for the period

Stock Option Plan	3 Months Ended
Stock Option Plan	Nov. 25, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan	Stock Option Plan Stock-based compensation includes stock options and restricted stock unit awards, which are awarded to employees, directors, and consultants of the Company. Stock-based compensation expense is recognized for equity awards over the vesting period based on their grant-date fair value. Stock-based compensation expense is included within the same financial statement caption where the recipient’s other compensation is reported. The Company issued stock options to purchase 67,400 shares of common stock convertible at $12.00 per share during the thirteen week period ended November 25, 2017 for a total of 2,645,092 stock options outstanding as of November 25, 2017. The Company also awarded additional 67,500 restricted stock units at a fair value of $11.91 per share during the thirteen week period ended November 25, 2017 for a total of 133,345 outstanding restricted stock units as of November 25, 2017. The Company recorded $1.1 million of stock-based compensation expense during the thirteen week successor period ended November 25, 2017 compared to $0.5 million of stock-based compensation expense recorded during the thirteen week predecessor period ended November 26, 2016. As of August 26, 2017, 65,845 shares of restricted stock units were outstanding which had not fully vested and are not included in the outstanding common stock included within the Condensed Consolidated Balance Sheets.

Related Party Transactions	3 Months Ended
Related Party Transactions	Nov. 25, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Successor Tax Receivable Agreement The TRA provides for the effective payment 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 Business Combination discussed in Note 7. 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 thirteen week predecessor period ended November 26, 2016, the management fee expense was $0.4 million.

Segment and Customer Information	3 Months Ended
Segment and Customer Information	Nov. 25, 2017
Segment Reporting [Abstract]
Segment and Customer Information	Segment and Customer Information The Company has organized its operations into one operating segment that sells its branded nutritional foods and snacking products designed around the nutrition principles of the Atkins eating approach. The results of the operating segment are reviewed by the Company’s chief operating decision maker to make decisions about resource expenditures and assessing financial performance. This operating segment is therefore the Company’s only reportable segment.

Subsequent Events	3 Months Ended
Subsequent Events	Nov. 25, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act into law. The change in the tax law will be partially effective in the current 2018 fiscal year and fully effective in the 2019 fiscal year. The primary impacts to the Company include repeal of the alternative minimum tax regime, decrease of the corporate income tax rate structure, and net operating loss limitations. These changes will have a material impact to the value of deferred tax assets and liabilities, the value of the Company’s TRA, and the Company’s future taxable income and effective tax rate. Additionally, we currently anticipate the enacted changes in the corporate tax rate and calculation of taxable income will have a favorable effect on our financial condition, profitability, and/or cash flows. The Company is analyzing the Tax Cuts and Jobs Act with its professional advisers. Until such analysis is complete, the full impact of the new tax law on the Company in future periods is uncertain, and no assurances can be made by the Company on any potential impacts.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Nov. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Principles of Consolidation	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 fiscal year.
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 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 ASU will have a material impact 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 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 ASU is effective for the Company’s August 2019 fiscal year end. The Company does not anticipate adoption of this ASU will have a material impact on its consolidated statements 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 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 ASU to 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 ASU to be material to its consolidated financial statements.

Business Combinations (Tables)

3 Months Ended

Nov. 25, 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	$	673,763
Equity consideration paid to selling equity holders (1)	117,567
Total cash and equity consideration	791,330
TRA payable to selling equity holders	25,675
Total consideration	$	817,005

(1) Equity consideration paid is summarized below:



(In thousands, except equity per share data)
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):



Assets acquired:
Cash and cash equivalents	$	71,181
Accounts receivable, net	31,507
Inventories	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⁽¹⁾⁽³⁾	466,787
Total assets acquired and liabilities assumed	$	817,005

⁽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.

Business Acquisition, Pro Forma Information

The following unaudited pro forma combined financial information presents combined results of Conyers Park and Atkins as if the Business Combination had occurred at the beginning of fiscal year 2017:



	13-weeks ended
	November 26, 2016
Revenue	$	99,803
Gross profit	$	48,712
Net income	$	9,019

Goodwill and Intangibles (Tables)

3 Months Ended

Nov. 25, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents the changes in goodwill:



	Total
Balance, August 26, 2017 (Successor)	465,030
Goodwill working capital adjustment	1,757
Balance, November 25, 2017 (Successor)	$	466,787

Schedule of Finite-Lived Intangible Assets

Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following:



Successor		November 25, 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		1,498		57,502
Proprietary recipes and formulas	7 years	7,000		381		6,619
Licensing agreements	14 years	22,000		599		21,401
		$	320,000	$	2,478	$	317,522



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

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net in our Condensed Consolidated Balance Sheets consist of the following:



Successor		November 25, 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		1,498		57,502
Proprietary recipes and formulas	7 years	7,000		381		6,619
Licensing agreements	14 years	22,000		599		21,401
		$	320,000	$	2,478	$	317,522



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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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



(In thousands by fiscal year)
2018	$	4,879
2019	6,505
2020	6,505
2021	6,505
2022	6,505
2023 and thereafter	54,623

Long-Term Debt and Line of Credit (Tables)

3 Months Ended

Nov. 25, 2017

Debt Disclosure [Abstract]

Schedule of Debt

At November 25, 2017 and August 26, 2017, there were no amounts drawn against the Revolving Credit Facility or lines of credit, and long-term debt consists of the following:



	November 25, 2017		August 26, 2017
	(Successor)		(Successor)
Term loan	$	200,000	$	200,000
Less: deferred financing fees	7,588		7,910
Total debt	192,412		192,090
Less: current maturities, net of deferred financing fees of $1.3 million at November 25, 2017 and August 26, 2017, respectively	711		234
Long-term debt, net of deferred financing fees	$	191,701	$	191,856

- 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)

3 Months Ended

Nov. 25, 2017

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Fair value at November 25, 2017 is summarized as follows:



Successor	Level 1		Level 2		Level 3		Total
Liabilities
TRA liability	$	—	$	—	$	26,317	$	26,317

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

Income Taxes (Tables)

3 Months Ended

Nov. 25, 2017

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table shows the tax expense and the effective tax rate for the thirteen weeks ended November 25, 2017 and November 26, 2016 resulting from operations:



	November 25, 2017			November 26, 2016
	(Successor)			(Predecessor)
Income before income taxes	$	16,708		$	11,686
Provision for income taxes	$	6,490		$	4,899
Effective tax rate	38.8		%	41.9		%

Schedule of Undiscounted Future Expected Tax Receivable Agreement Payments

As of November 25, 2017, the undiscounted future expected payments under the TRA are as follows:



(In thousands by fiscal year)	Estimated future payments
2018	$	2,812
2019	9,195
2020	5,271
2021	4,075
2022	3,482
2023 and thereafter	15,001
	$	39,836

Earnings Per Share (Tables)

3 Months Ended

Nov. 25, 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:



	Thirteen Weeks Ended
	November 25, 2017
(In thousands, except share data)	(Successor)
Basic earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	10,218
Denominator:
Weighted average common shares - basic	70,571,008
Basic earnings per share from net income	$	0.14
Diluted earnings per share computation:
Numerator:
Net income available to common stock shareholders	$	10,218
Denominator:
Weighted average common shares outstanding - basic	70,571,008
Warrant conversion	659,301
Restricted stock units	10,281
Weighted average common shares - diluted ⁽¹⁾	71,240,590
Diluted earnings per share from net income	$	0.14
⁽¹⁾Excludes the effect of non-qualified stock options as the strike price exceeds the average market price for the period

Business Combinations - Acquisition of Atkins Narrative (Details) - Acquisition of Atkins - USD ($) $ / shares in Units, shares in Thousands		3 Months Ended
	Jul. 07, 2017	Nov. 25, 2017	Aug. 26, 2017
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
Working capital adjustment		$ 1,800,000
Consideration amount	$ 817,005,000
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
Business Acquisition [Line Items]
Term loan debt	200,000,000
IPO
Business Acquisition [Line Items]
Payment for equity issuance cost	8,100,000
Private Placement
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	$ 673,763
Equity consideration paid to selling equity holders	117,567
Total cash and equity consideration	791,330
TRA payable to selling equity holders	25,675
Total consideration	$ 817,005

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	Nov. 25, 2017	Aug. 26, 2017	Jul. 07, 2017
Liabilities assumed:
Goodwill	$ 466,787	$ 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			466,787
Total purchase price			817,005
Deferred income taxes, step-up			$ 50,700

Business Combinations - Business Acquisition, Pro Forma Information (Details) - Acquisition of Atkins $ in Thousands	3 Months Ended
	Nov. 26, 2016 USD ($)
Business Acquisition [Line Items]
Revenue	$ 99,803
Gross profit	48,712
Net income	$ 9,019

Goodwill and Intangibles - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Nov. 25, 2017 USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 465,030
Goodwill working capital adjustment	1,757
Ending Balance	$ 466,787

Goodwill and Intangibles - Narrative (Details) - USD ($)	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment charges	$ 0
Amortization expense	$ 1,600,000	$ 2,200,000

Goodwill and Intangibles - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Nov. 25, 2017	Aug. 26, 2017
Intangible assets with indefinite life:
Accumulated amortization	$ 2,478	$ 852
Intangible assets, Gross carrying amount	320,000	320,000
Intangible assets, Net carrying amount	317,522	319,148
Brands and trademarks
Intangible assets with finite lives:
Indefinite-lived intangible assets	$ 232,000	$ 232,000
Customer relationships
Intangible assets with indefinite life:
Useful Life	15 years	15 years
Finite-lived intangible assets, Gross carrying amount	$ 59,000	$ 59,000
Accumulated amortization	1,498	515
Finite-lived intangible assets, Net carrying amount	$ 57,502	$ 58,485
Proprietary recipes and formulas
Intangible assets with indefinite life:
Useful Life	7 years	7 years
Finite-lived intangible assets, Gross carrying amount	$ 7,000	$ 7,000
Accumulated amortization	381	131
Finite-lived intangible assets, Net carrying amount	$ 6,619	$ 6,869
Licensing agreements
Intangible assets with indefinite life:
Useful Life	14 years	14 years
Finite-lived intangible assets, Gross carrying amount	$ 22,000	$ 22,000
Accumulated amortization	599	206
Finite-lived intangible assets, Net carrying amount	$ 21,401	$ 21,794

Goodwill and Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Nov. 25, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 4,879
2019	6,505
2020	6,505
2021	6,505
2022	6,505
2023 and thereafter	$ 54,623

Long-Term Debt and Line of Credit - Narrative (Details) - USD ($)	Jul. 07, 2017	Nov. 25, 2017	Aug. 26, 2017
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%
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%
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%

Long-Term Debt and Line of Credit - Schedule of Debt (Details) - USD ($) $ in Thousands	Nov. 25, 2017	Aug. 26, 2017
Debt Disclosure [Abstract]
Debt, gross	$ 200,000	$ 200,000
Less: deferred financing fees	7,588	7,910
Total debt	192,412	192,090
Less: current maturities, net of deferred financing fees of $1.3 million at November 25, 2017 and August 26, 2017, respectively	711	234
Deferred financing fees, current	1,300	1,800
Long-term debt, net of deferred financing fees	$ 191,701	$ 191,856

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2017	Aug. 26, 2017
Liabilities
TRA liability	$ 26,317	$ 25,675
Change in fair value of contingent consideration	642
Level 1
Liabilities
TRA liability	0	0
Level 2
Liabilities
TRA liability	0	0
Level 3
Liabilities
TRA liability	$ 26,317	$ 25,675

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Entity Information [Line Items]
Income before income taxes	$ 16,708
Provision for income taxes	$ 6,490
Effective tax rate	38.80%
(Predecessor)
Entity Information [Line Items]
Income before income taxes		$ 11,686
Provision for income taxes		$ 4,899
Effective tax rate		41.90%

Income Taxes - Narrative (Details) - USD ($)		3 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Jul. 07, 2017	Nov. 25, 2017	Aug. 26, 2017
Entity Information [Line Items]
Effective tax rate difference		(3.10%)
TRA liability		$ 26,317,000	$ 25,675,000
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
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 Undiscounted Future Expected Tax Receivable Agreement Payments (Details) $ in Thousands	Nov. 25, 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
Estimated future payments	$ 39,836

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
Commitments and Contingencies (Details) $ in Millions	Nov. 25, 2017 USD ($) building	Nov. 26, 2016 USD ($)
Entity Information [Line Items]
Number of buildings with non-cancelable operating leases \| building	9
Rent expense	$ 0.6
Other commitment payment obligation	$ 1.8
(Predecessor)
Entity Information [Line Items]
Rent expense		$ 0.6

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 25, 2017 USD ($) trading_day $ / shares shares	Nov. 26, 2016 USD ($)	Aug. 26, 2017 $ / shares shares	Jul. 06, 2017 shares
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
Common stock shares outstanding (in shares)	70,582,573		70,562,477
Warrants converted to shares (in shares)	20,096
Common stock shares issued (in shares)	70,582,573		70,562,477
Warrants issued (in shares)	20,096,571
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
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
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
Warrant price per share (in dollars per share) \| $ / shares	$ 11.50
Common stock price (equals or exceeds) (in dollars per share) \| $ / shares	$ 18.00
Scenario, Previously Reported
Class of Stock [Line Items]
Common stock shares outstanding (in shares)			70,628,322
(Predecessor)
Class of Stock [Line Items]
Other income (expense) included in changes in warrant liabilities \| $		$ (722)
Public Warrants
Class of Stock [Line Items]
Warrants issued (in shares)				13,416,667
Private Placement Warrants
Class of Stock [Line Items]
Warrants issued (in shares)				6,700,000
Restricted Stock
Class of Stock [Line Items]
Outstanding restricted units (in shares)			65,845

Earnings Per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 25, 2017 USD ($) $ / shares shares
Numerator:
Net income available to common stock shareholders \| $	$ 10,218
Denominator:
Weighted average common shares - basic (in shares)	70,571,008
Basic earnings per share from net income (in dollars per share) \| $ / shares	$ 0.14
Numerator:
Net income available to common stock shareholders \| $	$ 10,218
Denominator:
Weighted average common shares - basic (in shares)	70,571,008
Warrant conversion (in shares)	659,301
Restricted stock units (in shares)	10,281
Weighted average common shares - diluted (in shares)	71,240,590
Diluted earnings per share from net income (in dollars per share) \| $ / shares	$ 0.14

Stock Option Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 1,068
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued (in shares)	67,500
Share price (in dollars per share)	$ 11.91
Outstanding restricted units (in shares)	133,345
(Predecessor)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 526
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued (in shares)	67,400
Share price (in dollars per share)	$ 12.00
Stock options outstanding (in shares)	2,645,092
Common Stock \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares)	65,845

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 25, 2017	Nov. 26, 2016
Related Party Transaction [Line Items]
Management fee expense		$ 0.4
(Predecessor) \| Former Majority Stockholder, Atkins \| Majority Shareholder \| Management fee
Related Party Transaction [Line Items]
Percent of consolidated adjusted earnings before interest	2.00%
Minimum \| (Predecessor) \| Former Majority Stockholder, Atkins \| Majority Shareholder \| Management fee
Related Party Transaction [Line Items]
Management fee minimum	$ 0.9
Maximum \| (Predecessor) \| Former Majority Stockholder, Atkins \| Majority Shareholder \| Out-of-pocket expenses
Related Party Transaction [Line Items]
Annual reimbursements for out-of-pocket expenses maximum	$ 0.2

Segment and Customer Information (Details)	3 Months Ended
Segment and Customer Information (Details)	Nov. 25, 2017 segment
Segment Reporting [Abstract]
Number of operating segments	1