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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2019
Sep. 01, 2018
Current Assets:    
Cash and cash equivalents $ 32,286 $ 46,217
Accounts receivable, net of allowance for doubtful accounts of $17,088 and $12,992, respectively 541,091 523,892
Inventories 559,136 518,496
Prepaid expenses and other current assets 67,099 58,902
Total current assets 1,199,612 1,147,507
Property, plant and equipment, net 310,854 311,685
Goodwill 677,266 674,998
Identifiable intangibles, net 116,668 122,724
Other assets 6,837 31,813
Total assets 2,311,237 2,288,727
Current Liabilities:    
Short-term debt [1] 175,453 224,097
Accounts payable 160,110 145,133
Accrued liabilities 111,353 121,293
Total current liabilities 446,916 490,523
Long-term debt 266,431 311,236
Deferred income taxes and tax uncertainties 114,011 99,714
Total liabilities 827,358 901,473
Commitments and Contingencies
Shareholders’ Equity:    
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 659,226 657,749
Retained earnings 946,651 1,325,822
Accumulated other comprehensive loss (22,776) (19,634)
Class A treasury stock, at cost, 1,248,944 and 9,207,635 shares, respectively (104,607) (576,748)
Total MSC Industrial shareholders’ equity 1,478,550 1,387,254
Noncontrolling interest 5,329  
Total shareholders' equity 1,483,879 1,387,254
Total liabilities and shareholders' equity 2,311,237 2,288,727
Class A Common Stock [Member]    
Shareholders’ Equity:    
Common stock 46 55
Class B Common Stock [Member]    
Shareholders’ Equity:    
Common stock $ 10 $ 10
[1] Net of unamortized debt issuance costs expected to be amortized in the next 12 months.