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Restructuring and Other Costs
9 Months Ended
May 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs Restructuring and Other Costs
Optimization of Company Operations and Profitability Improvement
The Company continues to identify opportunities for improvements in its workforce realignment, strategy and staffing, and its focus on performance management, to ensure it has the right skill sets and number of associates to execute its long-term vision. As such, the Company extends voluntary and involuntary severance and separation benefits to certain associates in order to facilitate its workforce realignment. During the thirteen weeks ended May 31, 2025, the Company reduced its headcount by eliminating various positions to optimize its cost structure and improve operational efficiency.
As part of the Company’s strategic realignment efforts to optimize its supply chain and distribution network and enhance operational efficiency, the Company engaged consultants beginning in fiscal year 2024 and continuing into fiscal year 2025. In connection with these efforts, in the second half of fiscal year 2024, the Company commenced its plan to sell its Columbus CFC. As such, the Company extended voluntary and involuntary severance and separation benefits to certain associates and incurred consulting-related costs in the same period in order to facilitate its network optimization and workforce realignment that qualify as exit and disposal costs under accounting principles generally accepted in the United
States of America. During the thirteen weeks ended May 31, 2025, the Company disposed of the Columbus CFC and, after the settlement of certain closing costs and fees, recorded a loss on sale of property of $1,167, which is included in Operating expenses in the unaudited Condensed Consolidated Statement of Income for the thirteen- and thirty-nine-week periods ended May 31, 2025.
In addition, from time to time, the Company incurs certain expenses that are an integral component of, and directly contribute to, its restructuring activities, which do not qualify as exit and disposal costs under accounting principles generally accepted in the United States of America. These expenses include professional and consulting-related costs directly associated with the optimization of the Company’s operations and profitability improvement, which are also included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income.
The following table summarizes Restructuring and other costs for the thirteen- and thirty-nine-week periods ended May 31, 2025 and June 1, 2024:
Thirteen Weeks EndedThirty-Nine Weeks Ended
May 31,
2025
June 1,
2024
May 31,
2025
June 1,
2024
Consulting-related costs$380 $3,361 $4,130 $4,435 
Associate severance and separation costs2,176 679 2,176 6,319 
Equity award acceleration costs associated with severance 124 — 124 383 
Other exit-related costs — 650 — 650 
Total Restructuring and other costs$2,680 $4,690 $6,430 $11,787 
Liabilities associated with Restructuring and other costs are included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheet as of May 31, 2025. The following table summarizes activity related to liabilities associated with Restructuring and other costs for the thirty-nine week period ended May 31, 2025:
Consulting-related costsAssociate severance and separation costsOther exit-related costs Total
Balance at August 31, 2024$359 $697 $180 $1,236 
Additions4,130 2,176 — 6,306 
Payments and other adjustments(4,489)(831)(180)(5,500)
Balance at May 31, 2025$— $2,042 $— $2,042