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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Aug. 27, 2022
Accounting Policies [Abstract] |
Schedule of Total Revenue Disaggregated by Service Type | The following table presents the Company’s revenues for fiscal 2022, 2021, and 2020 disaggregated by service type:
|  | Years ended |
|  | August 27, 2022 |  |  | August 28, 2021 |  |  | August 29, 2020 |
(In thousands, except percentages) |  | Revenues |  |  | % of Revenues |  |  | Revenues |  |  | % of Revenues |  |  | Revenues |  |  | % of Revenues |
Core Laundry Operations |  | $ | 1,770,502 |  |  |  | 88.5 | % |  | $ | 1,615,560 |  |  |  | 88.5 | % |  | $ | 1,601,485 |  |  |  | 88.8 | %
Specialty Garments |  |  | 152,885 |  |  |  | 7.6 | % |  |  | 145,454 |  |  |  | 8.0 | % |  |  | 133,185 |  |  |  | 7.4 | %
First Aid |  |  | 77,435 |  |  |  | 3.9 | % |  |  | 65,202 |  |  |  | 3.5 | % |  |  | 69,489 |  |  |  | 3.9 | %
Total Revenues |  | $ | 2,000,822 |  |  |  | 100.0 | % |  | $ | 1,826,216 |  |  |  | 100.0 | % |  | $ | 1,804,159 |  |  |  | 100.0 | %
Schedule of Components of Inventory | The components of inventory as of August 27, 2022 and August 28, 2021 were as follows (in thousands):
|  | August 27, 2022 |  |  | August 28, 2021 |
Raw materials |  | $ | 25,932 |  |  | $ | 24,846 |
Work in process |  |  | 2,876 |  |  |  | 4,703 |
Finished goods |  |  | 122,651 |  |  |  | 114,042 |
Total inventory |  | $ | 151,459 |  |  | $ | 143,591 |
Schedule of Components of Property, Plant and Equipment | The components of property, plant and equipment as of August 27, 2022 and August 28, 2021 were as follows (in thousands):
|  | August 27, 2022 |  |  | August 28, 2021 |
Land, buildings and leasehold equipment |  | $ | 663,089 |  |  | $ | 618,910 |
Machinery and equipment |  |  | 622,168 |  |  |  | 595,081 |
Motor vehicles |  |  | 308,242 |  |  |  | 285,543 |
|  |  | 1,593,499 |  |  |  | 1,499,534 |
Less: accumulated depreciation |  |  | 928,380 |  |  |  | 881,815 |
Total property, plant and equipment |  | $ | 665,119 |  |  | $ | 617,719 |
Schedule of Useful Lives of Property, Plant and Equipment | The Company provides for depreciation on the straight-line method based on the date the asset is placed in service using the following estimated useful lives:
Buildings (in years) |  | 30 — 40
Building components (in years) |  | 10 — 20
Leasehold improvements |  | Shorter of useful life or term of lease
Machinery and equipment (in years) |  | 3 — 10
Motor vehicles (in years) |  | 3 — 5
Schedule of Computation of Basic Income Per Share | The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data):
Year ended |  | August 27, 2022 |  |  | August 28, 2021 |  |  | August 29, 2020 |
Net income available to shareholders |  | $ | 103,404 |  |  | $ | 151,111 |  |  | $ | 135,770 |
Allocation of net income for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 86,844 |  |  | $ | 126,848 |  |  | $ | 114,017 |
Class B Common Stock |  |  | 16,560 |  |  |  | 24,263 |  |  |  | 21,753 |
|  | $ | 103,404 |  |  | $ | 151,111 |  |  | $ | 135,770 |
Weighted average number of shares for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  |  | 15,203 |  |  |  | 15,237 |  |  |  | 15,276 |
Class B Common Stock |  |  | 3,621 |  |  |  | 3,643 |  |  |  | 3,643 |
|  |  | 18,824 |  |  |  | 18,880 |  |  |  | 18,919 |
Income per share for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 5.71 |  |  | $ | 8.32 |  |  | $ | 7.46 |
Class B Common Stock |  | $ | 4.57 |  |  | $ | 6.66 |  |  | $ | 5.97 |
Schedule of Computation of Diluted Income Per Share | The following table sets forth the computation of diluted income per share of Common Stock for the years ended August 27, 2022, August 28, 2021 and August 29, 2020 (in thousands, except per share data):
|  | Year Ended August 27, 2022 |  |  | Year Ended August 28, 2021 |  |  | Year Ended August 29, 2020 |
|  | Earnings to Common shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported—Basic |  | $ | 86,844 |  |  |  | 15,203 |  |  | $ | 5.71 |  |  | $ | 126,848 |  |  |  | 15,237 |  |  | $ | 8.32 |  |  | $ | 114,017 |  |  |  | 15,276 |  |  | $ | 7.46 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 109 |  |  |  |  |  |  | — |  |  |  | 158 |  |  |  |  |  |  | — |  |  |  | 123 |  |  |  |
Class B Common Stock |  |  | 16,560 |  |  |  | 3,621 |  |  |  |  |  |  | 24,263 |  |  |  | 3,643 |  |  |  |  |  |  | 21,753 |  |  |  | 3,643 |  |  |  |
Diluted Income Per Share— Common Stock |  | $ | 103,404 |  |  |  | 18,933 |  |  | $ | 5.46 |  |  | $ | 151,111 |  |  |  | 19,038 |  |  | $ | 7.94 |  |  | $ | 135,770 |  |  |  | 19,042 |  |  | $ | 7.13 |

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