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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 28, 2020
Aug. 29, 2020
Current Assets:    
Cash and cash equivalents $ 53,104 $ 125,211
Accounts receivable, net of allowance for credit losses of $19,271 and $18,249, respectively 493,693 491,743
Inventories 521,299 543,106
Prepaid expenses and other current assets 80,222 77,710
Total current assets 1,148,318 1,237,770
Property, plant and equipment, net 297,780 301,979
Goodwill 677,891 677,579
Identifiable intangibles, net 102,552 104,873
Operating lease assets 56,379 56,173
Other assets 3,733 4,056
Total assets 2,286,653 2,382,430
Current Liabilities:    
Current portion of debt including obligations under finance leases 23,225 122,248
Current portion of operating lease liabilities 20,459 21,815
Accounts payable 143,520 125,775
Dividends payable 197,712  
Accrued expenses and other current liabilities 129,073 138,895
Total current liabilities 513,989 408,733
Long-term debt including obligations under finance leases 466,905 497,018
Noncurrent operating lease liabilities 36,180 34,379
Deferred income taxes and tax uncertainties 121,716 121,727
Other noncurrent liabilities 16,976  
Total liabilities 1,155,766 1,061,857
Commitments and Contingencies
Shareholders’ Equity:    
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 702,341 690,739
Retained earnings 547,957 749,515
Accumulated other comprehensive loss (19,683) (21,418)
Class A treasury stock, at cost, 1,257,807 and 1,227,192 shares, respectively (106,197) (103,948)
Total MSC Industrial shareholders’ equity 1,124,475 1,314,945
Noncontrolling interest 6,412 5,628
Total shareholders' equity 1,130,887 1,320,573
Total liabilities and shareholders' equity 2,286,653 2,382,430
Class A Common Stock [Member]    
Shareholders’ Equity:    
Common stock 48 47
Class B Common Stock [Member]    
Shareholders’ Equity:    
Common stock $ 9 $ 10