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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Aug. 31, 2024
Accounting Policies [Abstract] |
Schedule of Change in Allowance for Credit Losses | The following table presents the change in the allowance for credit losses, which is included in Receivables, net of reserves on the Consolidated Balance Sheets as of August 31, 2024 and August 26, 2023 are as follows (in thousands):
(In thousands) |  | August 31, 2024 |  |  | August 26, 2023 |
Beginning balance |  | $ | 6,276 |  |  | $ | 5,930 |
Current period provision |  |  | 13,976 |  |  |  | 10,740 |
Write-offs and other |  |  | (12,336 | ) |  |  | (10,394 | )
Ending balance |  | $ | 7,916 |  |  | $ | 6,276 |
Schedule of Total Revenue Disaggregated by Service Type | The following table presents the Company’s revenues for fiscal 2024, 2023 and 2022 disaggregated by service type:
|  | Year ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
(In thousands, except percentages) |  | Revenues |  |  | % of Revenues |  |  | Revenues |  |  | % of Revenues |  |  | Revenues |  |  | % of Revenues |
Core Laundry Operations |  | $ | 2,138,948 |  |  |  | 88.1 | % |  | $ | 1,961,189 |  |  |  | 87.8 | % |  | $ | 1,770,502 |  |  |  | 88.5 | %
Specialty Garments |  |  | 182,212 |  |  |  | 7.5 | % |  |  | 177,034 |  |  |  | 8.0 | % |  |  | 152,885 |  |  |  | 7.6 | %
First Aid |  |  | 106,271 |  |  |  | 4.4 | % |  |  | 94,824 |  |  |  | 4.2 | % |  |  | 77,435 |  |  |  | 3.9 | %
Total revenues |  | $ | 2,427,431 |  |  |  | 100.0 | % |  | $ | 2,233,047 |  |  |  | 100.0 | % |  | $ | 2,000,822 |  |  |  | 100.0 | %
Schedule of Disaggregation of Revenue Percentage | The following table presents the Company's percentage of revenues for fiscal 2024, 2023 and 2022 disaggregated by the timing of revenue recognition by service type:
|  | Year ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Over Time |  |  | Point in Time |  |  | Over Time |  |  | Point in Time |  |  | Over Time |  |  | Point in Time |
Core Laundry Operations |  |  | 88.4 | % |  |  | 11.6 | % |  |  | 88.4 | % |  |  | 11.6 | % |  |  | 88.4 | % |  |  | 11.6 | %
Specialty Garments |  |  | 84.2 | % |  |  | 15.8 | % |  |  | 83.9 | % |  |  | 16.1 | % |  |  | 83.8 | % |  |  | 16.2 | %
First Aid |  |  | 0 | % |  |  | 100 | % |  |  | 0 | % |  |  | 100 | % |  |  | 0 | % |  |  | 100 | %
Schedule of Deferred Commissions | The following table presents deferred commissions on the Company's Consolidated Balance Sheets as of August 31, 2024 and August 26, 2023 are as follows (in thousands):
Balance Sheet Location |  | August 31, 2024 |  |  | August 26, 2023 |
Prepaid expenses and other current assets |  | $ | 18,079 |  |  | $ | 16,495 |
Other assets |  |  | 78,856 |  |  |  | 70,393 |
Schedule of Amortization Expense Related to Deferred Commissions. | The following table presents the Company's amortization expense related to deferred commissions on the Consolidated Statements of Income for fiscal 2024, 2023 and 2022 are as follows (in thousands):
Income Statement Location |  | 2024 |  |  | 2023 |  |  | 2022 |
Selling and administrative expenses |  | $ | 18,031 |  |  | $ | 16,500 |  |  | $ | 15,400 |
Schedule of Components of Inventory | The components of inventory as of August 31, 2024 and August 26, 2023 are as follows (in thousands):
|  | August 31, 2024 |  |  | August 26, 2023 |
Raw materials |  | $ | 22,164 |  |  | $ | 25,147 |
Work in process |  |  | 2,832 |  |  |  | 4,444 |
Finished goods |  |  | 131,912 |  |  |  | 118,743 |
Total inventory |  | $ | 156,908 |  |  | $ | 148,334 |
Schedule of Components of Property, Plant and Equipment | The components of property, plant and equipment as of August 31, 2024 and August 26, 2023 are as follows (in thousands):
|  | August 31, 2024 |  |  | August 26, 2023 |
Land, buildings and leasehold equipment |  | $ | 787,628 |  |  | $ | 744,085 |
Machinery and equipment |  |  | 710,108 |  |  |  | 676,490 |
Motor vehicles |  |  | 372,837 |  |  |  | 331,537 |
Total property, plant and equipment, gross |  |  | 1,870,573 |  |  |  | 1,752,112 |
Less: accumulated depreciation |  |  | 1,068,961 |  |  |  | 995,572 |
Total property, plant and equipment, net |  | $ | 801,612 |  |  | $ | 756,540 |
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 |  | 2024 |  |  | 2023 |  |  | 2022 |
Net income available to shareholders |  | $ | 145,474 |  |  | $ | 103,674 |  |  | $ | 103,404 |
Allocation of net income for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 122,188 |  |  | $ | 87,104 |  |  | $ | 86,844 |
Class B Common Stock |  |  | 23,286 |  |  |  | 16,570 |  |  |  | 16,560 |
|  | $ | 145,474 |  |  | $ | 103,674 |  |  | $ | 103,404 |
Weighted average number of shares for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  |  | 15,073 |  |  |  | 15,098 |  |  |  | 15,203 |
Class B Common Stock |  |  | 3,590 |  |  |  | 3,590 |  |  |  | 3,621 |
|  |  | 18,663 |  |  |  | 18,688 |  |  |  | 18,824 |
Income per share for Basic: |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 8.11 |  |  | $ | 5.77 |  |  | $ | 5.71 |
Class B Common Stock |  | $ | 6.49 |  |  | $ | 4.62 |  |  | $ | 4.57 |
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 31, 2024, August 26, 2023 and August 27, 2022 (in thousands, except per share data):
|  | Year Ended August 31, 2024 |  |  | Year Ended August 26, 2023 |  |  | Year Ended August 27, 2022 |
|  | 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 |  | $ | 122,188 |  |  |  | 15,073 |  |  | $ | 8.11 |  |  | $ | 87,104 |  |  |  | 15,098 |  |  | $ | 5.77 |  |  | $ | 86,844 |  |  |  | 15,203 |  |  | $ | 5.71 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 61 |  |  |  |  |  |  | — |  |  |  | 74 |  |  |  |  |  |  | — |  |  |  | 109 |  |  |  |
Class B Common Stock |  |  | 23,286 |  |  |  | 3,590 |  |  |  |  |  |  | 16,570 |  |  |  | 3,590 |  |  |  |  |  |  | 16,560 |  |  |  | 3,621 |  |  |  |
Diluted Income Per Share— Common Stock |  | $ | 145,474 |  |  |  | 18,724 |  |  | $ | 7.77 |  |  | $ | 103,674 |  |  |  | 18,762 |  |  | $ | 5.53 |  |  | $ | 103,404 |  |  |  | 18,933 |  |  | $ | 5.46 |

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