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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 25, 2017
Feb. 27, 2016
Operating activities:    
Net income $ 27,016 $ 17,912
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 3,428 2,763
Amortization of intangible assets 12,418 0
Amortization of debt issuance costs 485 0
LIFO expense 598 588
Stock-based compensation 1,539 1,266
Deferred income taxes 6,857 819
Postretirement benefit income and deferred compensation expense (24,034) (1,915)
Other (452) (502)
Change in assets and liabilities:    
Inventories (11,232) (22,592)
Receivables, prepaid and other assets (21,551) (8,988)
Income taxes and unrecognized tax benefits (4,631) (1,456)
Accounts payable and accrued expenses 16,131 5,265
Postretirement and deferred compensation benefits (1,430) (1,972)
Net cash provided by (used in) operating activities 5,142 (8,812)
Investing activities:    
Purchases of property and equipment (6,938) (16,357)
Proceeds from the sale of property 65 10
Acquisition of business, net of cash acquired 394,694 0
Proceeds from life insurance 0 295
Other 620 (3)
Net cash used in investing activities (400,947) (16,055)
Financing activities:    
Payments for repurchases of common stock (1,365) (3,054)
Payments of cash dividends (6,370) (5,455)
Payments of debt issuance costs (11,020) 0
Borrowings on credit facility 366,400 0
Repayments of credit facility 26,400 0
Other (92) 9
Net cash provided by (used in) financing activities 321,153 (8,500)
Net decrease in cash and cash equivalents (74,652) (33,367)
Cash and cash equivalents at beginning of period 85,583 70,239
Cash and cash equivalents at end of period 10,931 36,872
Supplemental cash flow disclosure:    
Income taxes paid, net 11,692 12,848
Interest paid 1,731 0
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 124,066 0
Capital expenditures in accounts payable $ 322 $ 750