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Leases
 12 Months Ended
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, 2025August 31, 2024September 2, 2023
Operating lease cost$26,451 $25,807 $22,935 
Variable lease cost (benefit)162 (67)339 
Short-term lease cost4,198 3,871 3,236 
Finance lease cost:
Amortization of leased assets224 286 957 
Interest on leased liabilities36 25 18 
Total Lease Cost $31,071 $29,922 $27,485 
Supplemental balance sheet information relating to operating and finance leases is as follows:
ClassificationAugust 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
OperatingCurrent 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 
FinanceLong-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, 2025August 31, 2024
Weighted-average remaining lease term (in years)
Operating Leases2.93.4
Finance Leases 2.83.5
Weighted-average discount rate
Operating Leases5.1 %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, 2025August 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 LeasesFinance LeasesTotal
2026$24,555 $222 $24,777 
202717,690 111 17,801 
20288,147 111 8,258 
20293,253 47 3,300 
20302,205 — 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, 2025August 31, 2024September 2, 2023
Operating lease cost$26,451 $25,807 $22,935 
Variable lease cost (benefit)162 (67)339 
Short-term lease cost4,198 3,871 3,236 
Finance lease cost:
Amortization of leased assets224 286 957 
Interest on leased liabilities36 25 18 
Total Lease Cost $31,071 $29,922 $27,485 
Supplemental balance sheet information relating to operating and finance leases is as follows:
ClassificationAugust 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
OperatingCurrent 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 
FinanceLong-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, 2025August 31, 2024
Weighted-average remaining lease term (in years)
Operating Leases2.93.4
Finance Leases 2.83.5
Weighted-average discount rate
Operating Leases5.1 %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, 2025August 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 LeasesFinance LeasesTotal
2026$24,555 $222 $24,777 
202717,690 111 17,801 
20288,147 111 8,258 
20293,253 47 3,300 
20302,205 — 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.