v3.25.4
Segment Reporting
3 Months Ended
Nov. 29, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates in one operating and reportable segment which aligns with the Company’s go to market strategy as a leading North American distributor of a broad range of industrial products and services. The Company serves a large number of customers in diverse industries through the sale of products and services in categories such as metalworking, MRO, Class C Consumables and OEM. Substantially all of the Company's revenues and long-lived assets are from or in the United States. In accordance with FASB ASU 2023-07, operating segments are sections of the business with separate financial information that is regularly reviewed by the chief operating decision maker ("CODM") in assessing company performance and allocation of resources. As of November 29, 2025, The Company's CODM duties are shared by
our Chief Executive Officer and President & Chief Operating Officer. Effective January 1, 2026, the Company's CODM is our President & Chief Executive Officer. The CODM regularly reviews consolidated operating margin and net income to assess Company performance, drive growth, and allocate resources to strategic priorities. The CODM reviews total assets at the consolidated level to make significant capital expenditure decisions for the Company.
The following table presents selected financial information regarding the Company's single reportable segment for the thirteen-week periods ended November 29, 2025 and November 30, 2024:

Thirteen Weeks Ended
November 29,
2025
November 30,
2024
Net sales$965,684$928,484
  Cost of goods sold573,007550,297
  Payroll and payroll-related costs174,508173,690
  Freight expense36,39437,485
  Depreciation and amortization24,62121,187
  Restructuring and other costs4,8702,344
  Other segment items (1)
76,04571,201
Income from operations76,23972,280
Operating Margin7.9%7.8%
Other Income (Expense)
  Interest expense(5,416)(6,075)
  Interest income275 341 
  Other expense, net (2)
(3,584)(5,944)
Income before provision for income taxes67,51460,602
Provision for income taxes16,40614,908
Net income$51,108$45,694
(1) Other segment items consists primarily of professional fees, software and hardware costs, auto expenses, advertising expenses, stock-based compensation and other selling, general, and administrative expenses
(2) Other expense, net is primarily composed of fees related to the Company's securitization agreement.