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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 27, 2021
Aug. 29, 2020
Current Assets:    
Cash and cash equivalents $ 20,242 $ 125,211
Accounts receivable, net of allowance for credit losses of $19,051 and $18,249, respectively 527,233 491,743
Inventories 532,536 543,106
Prepaid expenses and other current assets 105,342 77,710
Total current assets 1,185,353 1,237,770
Property, plant and equipment, net 293,342 301,979
Goodwill 678,406 677,579
Identifiable intangibles, net 99,756 104,873
Operating lease assets 41,758 56,173
Other assets 3,626 4,056
Total assets 2,302,241 2,382,430
Current Liabilities:    
Current portion of debt including obligations under finance leases 222,680 122,248
Current portion of operating lease liabilities 19,956 21,815
Accounts payable 170,487 125,775
Accrued expenses and other current liabilities 140,091 138,895
Total current liabilities 553,214 408,733
Long-term debt including obligations under finance leases 461,685 497,018
Noncurrent operating lease liabilities 37,640 34,379
Deferred income taxes and tax uncertainties 121,721 121,727
Other noncurrent liabilities 9,444  
Total liabilities 1,183,704 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 712,750 690,739
Retained earnings 523,757 749,515
Accumulated other comprehensive loss (18,806) (21,418)
Class A treasury stock, at cost, 1,246,521 and 1,227,192 shares, respectively (105,645) (103,948)
Total MSC Industrial shareholders’ equity 1,112,113 1,314,945
Noncontrolling interest 6,424 5,628
Total shareholders' equity 1,118,537 1,320,573
Total liabilities and shareholders' equity 2,302,241 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