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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 27, 2017
May 28, 2016
May 27, 2017
May 28, 2016
Net revenues $ 476,364 $ 272,077 $ 1,092,183 $ 711,972
Cost of goods sold 405,560 241,820 943,188 631,191
Gross profit 70,804 30,257 148,995 80,781
Operating expenses:        
Selling 10,141 4,770 25,564 14,714
General and administrative 15,194 6,487 37,640 23,743
Postretirement health care benefit income 0 (1,593) (24,796) (4,531)
Transaction costs 450 0 6,374 0
Amortization of intangible assets 10,159 0 22,578 0
Total operating expenses 35,944 9,664 67,360 33,926
Operating income 34,860 20,593 81,635 46,855
Interest expense 5,265 0 11,571 0
Non-operating income (54) (77) (137) (194)
Income before income taxes 29,649 20,670 70,201 47,049
Provision for income taxes 10,258 6,232 23,794 14,699
Net income $ 19,391 $ 14,438 $ 46,407 $ 32,350
Income per common share:        
Basic $ 0.61 $ 0.54 $ 1.53 $ 1.20
Diluted $ 0.61 $ 0.53 $ 1.52 $ 1.20
Weighted average common shares outstanding:        
Basic (in shares) 31,587 26,892 30,333 26,935
Diluted (in shares) 31,691 27,004 30,448 27,029
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
Other comprehensive income (loss):        
Amortization of prior service credit (net of tax of $0, $765, $15,409 and $2,182) $ 0 $ (1,243) $ (25,035) $ (3,545)
Amortization of net actuarial loss (net of tax of $3, $160, $5,971 and $462) 6 260 9,702 751
Plan amendment, (net of tax of $0, $0, $2,402 and $10,895) 0 0 3,903 17,701
Change in fair value of interest rate swap (net of tax of $36, $0, $306 and $0) (58) 0 (497) 0
Total other comprehensive (loss) income (52) (983) (11,927) 14,907
Comprehensive income $ 19,339 $ 13,455 $ 34,480 $ 47,257