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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 25, 2017
Nov. 26, 2016
Operating activities:    
Net income $ 17,958 $ 11,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,130 1,580
Amortization of intangible assets 2,055 2,051
Amortization of debt issuance costs 437 78
LIFO expense 299 299
Stock-based compensation 823 821
Deferred income taxes 1,665 (1,613)
Deferred compensation expense and postretirement benefit income 303 (12,471)
Other (206) (271)
Change in assets and liabilities:    
Inventories (9,821) (17,923)
Receivables, prepaid and other assets 6,739 16,080
Income taxes and unrecognized tax benefits 6,447 8,200
Accounts payable and accrued expenses 1,286 (7,977)
Postretirement and deferred compensation benefits (657) (742)
Net cash provided by (used in) operating activities 29,458 (150)
Investing activities:    
Purchases of property and equipment (5,357) (3,562)
Proceeds from the sale of property 92 0
Acquisition of business, net of cash acquired 0 394,835
Other (57) 901
Net cash used in investing activities (5,322) (397,496)
Financing activities:    
Payments for repurchases of common stock (1,363) (1,318)
Payments of cash dividends 0 (3,185)
Payments of debt issuance costs 0 (10,758)
Borrowings on credit facility 0 353,000
Repayments of credit facility 4,250 0
Other 0 (92)
Net cash (used in) provided by financing activities (5,613) 337,647
Net increase (decrease) in cash and cash equivalents 18,523 (59,999)
Cash and cash equivalents at beginning of period 35,945 85,583
Cash and cash equivalents at end of period 54,468 25,584
Supplemental cash flow disclosure:    
Income taxes paid, net 322 121
Interest paid 4,548 0
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 0 124,066
Capital expenditures in accounts payable 379 695
Accrued dividend $ 3,187 $ 0