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Leases | 12 Months Ended
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Aug. 30, 2025
Leases [Abstract] |
Leases | LEASES The Company’s lease portfolio includes certain real estate (CFCs, regional inventory centers, warehouses and manufacturing locations), automobiles and other equipment. The determination of whether an arrangement is, or contains, a lease is performed at the inception of the arrangement. Operating leases are recorded on the balance sheet with operating lease assets representing the right to use the underlying asset for the lease term and operating lease liabilities representing the obligation to make lease payments arising from the lease. For real estate leases, the Company has elected the practical expedient which allows lease components and non-lease components, such as common area maintenance, to be grouped as a single lease component. The Company has also elected the practical expedient which allows leases with an initial term of 12 months or less to be excluded from the balance sheet. The Company does not guarantee any residual value in its lease agreements, there are no material restrictions or covenants imposed by lease arrangements, and there are no lease transactions with related parties. Real estate leases typically include one or more options to extend the lease. The Company regularly evaluates the renewal options, and when it is reasonably certain of exercise, the Company includes the renewal period in its lease term. The automobile leases contain variable lease payments based on inception and subsequent interest rate fluctuations. When readily determinable, the Company uses the interest rate implicit in its leases to discount lease payments. For leases that do not have a readily determinable implicit rate, the Company utilizes the incremental borrowing rate. The incremental borrowing rate for a lease is the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The rate for each lease was determined using primarily the Company’s credit spread, the lease term and currency. The components of lease cost for fiscal years 2025, 2024 and 2023 were as follows:
| For the Fiscal Years Ended
| August 30, 2025 |  | August 31, 2024 |  | September 2, 2023
Operating lease cost | $ | 26,451 |  |  | $ | 25,807 |  |  | $ | 22,935 |
Variable lease cost (benefit) | 162 |  |  | (67) |  |  | 339 |
Short-term lease cost | 4,198 |  |  | 3,871 |  |  | 3,236 |
Finance lease cost: |  |  |  |  |
Amortization of leased assets | 224 |  |  | 286 |  |  | 957 |
Interest on leased liabilities | 36 |  |  | 25 |  |  | 18 |
Total Lease Cost | $ | 31,071 |  |  | $ | 29,922 |  |  | $ | 27,485 |
Supplemental balance sheet information relating to operating and finance leases is as follows:
|  | Classification |  | August 30, 2025 |  | August 31, 2024
Assets |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 52,464 |  |  | $ | 58,649 |
Finance lease assets (1) |  | Property, plant and equipment, net |  | 429 |  |  | 643 |
Total leased assets |  |  |  | $ | 52,893 |  |  | $ | 59,292 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Current portion of operating lease liabilities |  | $ | 22,236 |  |  | $ | 21,941 |
Finance |  | Current portion of debt including obligations under finance leases |  | 200 |  |  | 199 |
Noncurrent |  |  |  |  |  |
Operating |  | Noncurrent operating lease liabilities |  | 30,872 |  |  | 37,468 |
Finance |  | Long-term debt including obligations under finance leases |  | 250 |  |  | 455 |
Total lease liabilities |  |  |  | $ | 53,558 |  |  | $ | 60,063 |
(1)Finance lease assets are net of accumulated amortization of $392 and $298 as of August 30, 2025 and August 31, 2024, respectively.
| August 30, 2025 |  | August 31, 2024
Weighted-average remaining lease term (in years) |  |  |
Operating Leases | 2.9 |  | 3.4
Finance Leases | 2.8 |  | 3.5
Weighted-average discount rate |  |  |
Operating Leases | 5.1 | % |  | 5.0 | %
Finance Leases | 6.3 | % |  | 6.2 | %
The following table sets forth supplemental cash flow information related to operating and finance leases:
| For the Fiscal Years Ended
| August 30, 2025 |  | August 31, 2024
Operating Cash Outflows from Operating Leases | $ | 26,328 |  |  | $ | 25,556 |
Operating Cash Outflows from Finance Leases | 34 |  |  | 20 |
Financing Cash Outflows from Finance Leases | 237 |  |  | 273 |
Leased assets obtained in exchange for new lease liabilities: |  |  |
Operating Leases | $ | 17,303 |  |  | $ | 16,393 |
Finance Leases | — |  |  | 454 |
As of August 30, 2025, future lease payments were as follows:
Fiscal Year (1) |  | Operating Leases |  | Finance Leases |  | Total
2026 |  | $ | 24,555 |  |  | $ | 222 |  |  | $ | 24,777 |
2027 |  | 17,690 |  |  | 111 |  |  | 17,801 |
2028 |  | 8,147 |  |  | 111 |  |  | 8,258 |
2029 |  | 3,253 |  |  | 47 |  |  | 3,300 |
2030 |  | 2,205 |  |  | — |  |  | 2,205 |
Thereafter |  | 1,330 |  |  | — |  |  | 1,330 |
Total Lease Payments |  | 57,180 |  |  | 491 |  |  | 57,671 |
Less: Imputed Interest |  | 4,072 |  |  | 41 |  |  | 4,113 |
Present Value of Lease Liabilities (2) |  | $ | 53,108 |  |  | $ | 450 |  |  | $ | 53,558 |
(1)Future lease payments by fiscal year are based on contractual lease obligations. (2)Includes the current portion of $22,236 for operating leases and $200 for finance leases. As of August 30, 2025, the Company’s future lease obligations which had not yet commenced were immaterial. The Company has various arrangements for certain property it owns under which it is the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is immaterial.
Leases | LEASES The Company’s lease portfolio includes certain real estate (CFCs, regional inventory centers, warehouses and manufacturing locations), automobiles and other equipment. The determination of whether an arrangement is, or contains, a lease is performed at the inception of the arrangement. Operating leases are recorded on the balance sheet with operating lease assets representing the right to use the underlying asset for the lease term and operating lease liabilities representing the obligation to make lease payments arising from the lease. For real estate leases, the Company has elected the practical expedient which allows lease components and non-lease components, such as common area maintenance, to be grouped as a single lease component. The Company has also elected the practical expedient which allows leases with an initial term of 12 months or less to be excluded from the balance sheet. The Company does not guarantee any residual value in its lease agreements, there are no material restrictions or covenants imposed by lease arrangements, and there are no lease transactions with related parties. Real estate leases typically include one or more options to extend the lease. The Company regularly evaluates the renewal options, and when it is reasonably certain of exercise, the Company includes the renewal period in its lease term. The automobile leases contain variable lease payments based on inception and subsequent interest rate fluctuations. When readily determinable, the Company uses the interest rate implicit in its leases to discount lease payments. For leases that do not have a readily determinable implicit rate, the Company utilizes the incremental borrowing rate. The incremental borrowing rate for a lease is the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The rate for each lease was determined using primarily the Company’s credit spread, the lease term and currency. The components of lease cost for fiscal years 2025, 2024 and 2023 were as follows:
| For the Fiscal Years Ended
| August 30, 2025 |  | August 31, 2024 |  | September 2, 2023
Operating lease cost | $ | 26,451 |  |  | $ | 25,807 |  |  | $ | 22,935 |
Variable lease cost (benefit) | 162 |  |  | (67) |  |  | 339 |
Short-term lease cost | 4,198 |  |  | 3,871 |  |  | 3,236 |
Finance lease cost: |  |  |  |  |
Amortization of leased assets | 224 |  |  | 286 |  |  | 957 |
Interest on leased liabilities | 36 |  |  | 25 |  |  | 18 |
Total Lease Cost | $ | 31,071 |  |  | $ | 29,922 |  |  | $ | 27,485 |
Supplemental balance sheet information relating to operating and finance leases is as follows:
|  | Classification |  | August 30, 2025 |  | August 31, 2024
Assets |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 52,464 |  |  | $ | 58,649 |
Finance lease assets (1) |  | Property, plant and equipment, net |  | 429 |  |  | 643 |
Total leased assets |  |  |  | $ | 52,893 |  |  | $ | 59,292 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Current portion of operating lease liabilities |  | $ | 22,236 |  |  | $ | 21,941 |
Finance |  | Current portion of debt including obligations under finance leases |  | 200 |  |  | 199 |
Noncurrent |  |  |  |  |  |
Operating |  | Noncurrent operating lease liabilities |  | 30,872 |  |  | 37,468 |
Finance |  | Long-term debt including obligations under finance leases |  | 250 |  |  | 455 |
Total lease liabilities |  |  |  | $ | 53,558 |  |  | $ | 60,063 |
(1)Finance lease assets are net of accumulated amortization of $392 and $298 as of August 30, 2025 and August 31, 2024, respectively.
| August 30, 2025 |  | August 31, 2024
Weighted-average remaining lease term (in years) |  |  |
Operating Leases | 2.9 |  | 3.4
Finance Leases | 2.8 |  | 3.5
Weighted-average discount rate |  |  |
Operating Leases | 5.1 | % |  | 5.0 | %
Finance Leases | 6.3 | % |  | 6.2 | %
The following table sets forth supplemental cash flow information related to operating and finance leases:
| For the Fiscal Years Ended
| August 30, 2025 |  | August 31, 2024
Operating Cash Outflows from Operating Leases | $ | 26,328 |  |  | $ | 25,556 |
Operating Cash Outflows from Finance Leases | 34 |  |  | 20 |
Financing Cash Outflows from Finance Leases | 237 |  |  | 273 |
Leased assets obtained in exchange for new lease liabilities: |  |  |
Operating Leases | $ | 17,303 |  |  | $ | 16,393 |
Finance Leases | — |  |  | 454 |
As of August 30, 2025, future lease payments were as follows:
Fiscal Year (1) |  | Operating Leases |  | Finance Leases |  | Total
2026 |  | $ | 24,555 |  |  | $ | 222 |  |  | $ | 24,777 |
2027 |  | 17,690 |  |  | 111 |  |  | 17,801 |
2028 |  | 8,147 |  |  | 111 |  |  | 8,258 |
2029 |  | 3,253 |  |  | 47 |  |  | 3,300 |
2030 |  | 2,205 |  |  | — |  |  | 2,205 |
Thereafter |  | 1,330 |  |  | — |  |  | 1,330 |
Total Lease Payments |  | 57,180 |  |  | 491 |  |  | 57,671 |
Less: Imputed Interest |  | 4,072 |  |  | 41 |  |  | 4,113 |
Present Value of Lease Liabilities (2) |  | $ | 53,108 |  |  | $ | 450 |  |  | $ | 53,558 |
(1)Future lease payments by fiscal year are based on contractual lease obligations. (2)Includes the current portion of $22,236 for operating leases and $200 for finance leases. As of August 30, 2025, the Company’s future lease obligations which had not yet commenced were immaterial. The Company has various arrangements for certain property it owns under which it is the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is immaterial.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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