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Restructuring And Other Related Costs

3 Months Ended

Nov. 28, 2020

Restructuring And Other Related Costs [Abstract]

Restructuring And Other Related Costs

Note 8. Restructuring and Other Related Costs

The following table summarizes restructuring and other related costs:

		Thirteen Weeks Ended
		November 28,			November 30,
		2020			2019
Consulting-related costs		$	2,520		$	—
Separation and severance costs			1,412			2,484
Equity acceleration costs associated with severance			47			87
Total restructuring and other related costs		$	3,979		$	2,571

Consulting-Related Costs

Beginning in the second quarter of fiscal year 2020, the Company engaged consultants to assist in reviewing the optimization of the Company’s operations. This project will continue through fiscal year 2021. These costs are included within operating expenses in the Condensed Consolidated Statements of Income.

Severance and Separation Costs 

Beginning in fiscal year 2019, the Company identified opportunities for improvements in its workforce realignment, strategy, and staffing, and increased its focus on performance management, to ensure it has the right skillsets and number of associates to execute its long-term vision. As such, the Company extended voluntary and involuntary severance and separation benefits to certain associates in fiscal years 2019, 2020, and 2021. These costs are included within operating expenses in the Condensed Consolidated Statements of Income.

The following table summarizes activity related to liabilities associated with restructuring and other related costs:

		Consulting-related costs			Separation and severance costs			Total
Balance at August 29, 2020		$	4,063		$	6,927		$	10,990
Additions			2,520			1,412			3,932
Payments and other adjustments			(4,060)			(6,356)			(10,416)
Balance at November 28, 2020		$	2,523		$	1,983		$	4,506

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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