XML 49 R36.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Aug. 27, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The Company refers to the U.S. and Canadian Rental and Cleaning, MFG, and Corporate reporting segments combined as its “Core Laundry Operations,” which is included as a subtotal in the following tables (in thousands):
As of and for the year ended August 27, 2022 |  | US and Canadian Rental and Cleaning |  |  | MFG |  |  | Net Interco MFG Elim |  |  | Corporate |  |  | Subtotal Core Laundry Operations |  |  | Specialty Garments |  |  | First Aid |  |  | Total |
Revenues |  | $ | 1,733,088 |  |  | $ | 281,112 |  |  | $ | (281,112 | ) |  | $ | 37,414 |  |  | $ | 1,770,502 |  |  | $ | 152,885 |  |  | $ | 77,435 |  |  | $ | 2,000,822 |
Income (loss) from operations |  | $ | 289,018 |  |  | $ | 64,884 |  |  | $ | 236 |  |  | $ | (243,428 | ) |  | $ | 110,710 |  |  | $ | 23,658 |  |  | $ | (17 | ) |  | $ | 134,351 |
Interest (income) expense, net |  | $ | (2,998 | ) |  | $ | — |  |  | $ | — |  |  | $ | 147 |  |  | $ | (2,851 | ) |  | $ | — |  |  | $ | — |  |  | $ | (2,851 | )
Income (loss) before taxes |  | $ | 291,960 |  |  | $ | 64,553 |  |  | $ | 236 |  |  | $ | (244,800 | ) |  | $ | 111,949 |  |  | $ | 22,396 |  |  | $ | (20 | ) |  | $ | 134,325 |
Depreciation and amortization |  | $ | 75,876 |  |  | $ | 2,251 |  |  | $ | — |  |  | $ | 24,075 |  |  | $ | 102,202 |  |  | $ | 4,097 |  |  | $ | 2,478 |  |  | $ | 108,777 |
Capital expenditures |  | $ | 135,725 |  |  | $ | 255 |  |  | $ | — |  |  | $ | — |  |  | $ | 135,980 |  |  | $ | 7,122 |  |  | $ | 1,217 |  |  | $ | 144,319 |
Total assets |  | $ | 2,206,608 |  |  | $ | 35,748 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,242,356 |  |  | $ | 135,406 |  |  | $ | 50,210 |  |  | $ | 2,427,972 |
As of and for the year ended August 28, 2021 |  | US and Canadian Rental and Cleaning |  |  | MFG |  |  | Net Interco MFG Elim |  |  | Corporate |  |  | Subtotal Core Laundry Operations |  |  | Specialty Garments |  |  | First Aid |  |  | Total |
Revenues |  | $ | 1,580,850 |  |  | $ | 264,021 |  |  | $ | (264,021 | ) |  | $ | 34,710 |  |  | $ | 1,615,560 |  |  | $ | 145,454 |  |  | $ | 65,202 |  |  | $ | 1,826,216 |
Income (loss) from operations |  | $ | 290,774 |  |  | $ | 73,579 |  |  | $ | (283 | ) |  | $ | (192,353 | ) |  | $ | 171,717 |  |  | $ | 24,801 |  |  | $ | (693 | ) |  | $ | 195,825 |
Interest income, net |  | $ | (2,760 | ) |  | $ | — |  |  | $ | — |  |  | $ | 192 |  |  | $ | (2,568 | ) |  | $ | — |  |  | $ | — |  |  | $ | (2,568 | )
Income (loss) before taxes |  | $ | 293,357 |  |  | $ | 73,260 |  |  | $ | (283 | ) |  | $ | (194,970 | ) |  | $ | 171,364 |  |  | $ | 26,198 |  |  | $ | (691 | ) |  | $ | 196,871 |
Depreciation and amortization |  | $ | 73,611 |  |  | $ | 2,530 |  |  | $ | — |  |  | $ | 23,190 |  |  | $ | 99,331 |  |  | $ | 4,510 |  |  | $ | 2,114 |  |  | $ | 105,955 |
Capital expenditures |  | $ | 129,327 |  |  | $ | 456 |  |  | $ | — |  |  | $ | — |  |  | $ | 129,783 |  |  | $ | 3,407 |  |  | $ | 449 |  |  | $ | 133,639 |
Total assets |  | $ | 2,179,243 |  |  | $ | 37,605 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,216,848 |  |  | $ | 119,305 |  |  | $ | 44,912 |  |  | $ | 2,381,065 |
As of and for the year ended August 29, 2020 |  | US and Canadian Rental and Cleaning |  |  | MFG |  |  | Net Interco MFG Elim |  |  | Corporate |  |  | Subtotal Core Laundry Operations |  |  | Specialty Garments |  |  | First Aid |  |  | Total |
Revenues |  | $ | 1,552,179 |  |  | $ | 214,683 |  |  | $ | (214,683 | ) |  | $ | 49,306 |  |  | $ | 1,601,485 |  |  | $ | 133,185 |  |  | $ | 69,489 |  |  | $ | 1,804,159 |
Income (loss) from operations |  | $ | 247,392 |  |  | $ | 64,097 |  |  | $ | 10,012 |  |  | $ | (171,514 | ) |  | $ | 149,987 |  |  | $ | 17,845 |  |  | $ | 4,897 |  |  | $ | 172,729 |
Interest (income) expense, net |  | $ | (3,741 | ) |  | $ | — |  |  | $ | — |  |  | $ | (2,641 | ) |  | $ | (6,382 | ) |  | $ | — |  |  | $ | — |  |  | $ | (6,382 | )
Income (loss) before taxes |  | $ | 251,088 |  |  | $ | 63,912 |  |  | $ | 10,012 |  |  | $ | (170,629 | ) |  | $ | 154,383 |  |  | $ | 18,604 |  |  | $ | 4,901 |  |  | $ | 177,888 |
Depreciation and amortization |  | $ | 71,020 |  |  | $ | 2,404 |  |  | $ | — |  |  | $ | 24,983 |  |  | $ | 98,407 |  |  | $ | 4,335 |  |  | $ | 1,955 |  |  | $ | 104,697 |
Capital expenditures |  | $ | 110,024 |  |  | $ | 397 |  |  | $ | — |  |  | $ | — |  |  | $ | 110,421 |  |  | $ | 4,864 |  |  | $ | 1,432 |  |  | $ | 116,717 |
Total assets |  | $ | 1,992,546 |  |  | $ | 33,233 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,025,779 |  |  | $ | 131,328 |  |  | $ | 41,920 |  |  | $ | 2,199,027 |
Schedule of Long-lived Assets | The Company’s long-lived assets as of August 27, 2022 and August 28, 2021 and revenues and income before income taxes for the years ended August 27, 2022, August 28, 2021 and August 29, 2020 were attributed to the following countries (in thousands):
Long-lived assets as of: |  | August 27, 2022 |  |  | August 28, 2021 |
United States |  | $ | 1,309,119 |  |  | $ | 1,219,760 |
Europe, Canada, Mexico and Nicaragua (1) |  |  | 54,961 |  |  |  | 57,513 |
Total |  | $ | 1,364,080 |  |  | $ | 1,277,273 |
Schedule of Revenues and Income Before Income Taxes |
Revenues for fiscal years: |  | 2022 |  |  | 2021 |  |  | 2020 |
United States |  | $ | 1,831,089 |  |  | $ | 1,672,530 |  |  | $ | 1,659,913 |
Europe and Canada (1) |  |  | 169,733 |  |  |  | 153,686 |  |  |  | 144,246 |
Total |  | $ | 2,000,822 |  |  | $ | 1,826,216 |  |  | $ | 1,804,159 |
Income before income taxes for fiscal years: |  | 2022 |  |  | 2021 |  |  | 2020 |
United States |  | $ | 128,567 |  |  | $ | 187,442 |  |  | $ | 175,301 |
Europe, Canada, Mexico and Nicaragua (1) |  |  | 5,758 |  |  |  | 9,429 |  |  |  | 2,587 |
Total |  | $ | 134,325 |  |  | $ | 196,871 |  |  | $ | 177,888 |
No country accounts for greater than 10% of total long-lived assets, revenues or income before income taxes

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration