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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 24, 2018
Nov. 25, 2017
Operating activities:    
Net income $ 22,161 $ 17,958
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,169 2,130
Amortization of intangible assets 2,659 2,055
Amortization of debt issuance costs 394 437
Last in, first-out expense 597 299
Stock-based compensation 2,472 823
Deferred income taxes 382 1,665
Other, net (570) 97
Change in assets and liabilities:    
Receivables 23,748 7,675
Inventories 3,070 (9,821)
Prepaid expenses and other assets 68 (936)
Accounts payable (799) (2,443)
Income taxes and unrecognized tax benefits (2,443) 6,447
Accrued expenses and other liabilities (737) 3,072
Net cash provided by operating activities 54,171 29,458
Investing activities:    
Purchases of property and equipment (12,771) (5,357)
Acquisition of business, net of cash acquired (702) 0
Proceeds from the sale of property 0 92
Other, net 311 (57)
Net cash used in investing activities (13,162) (5,322)
Financing activities:    
Borrowings on credit agreement 133,711 0
Repayments of credit agreement (172,229) (4,250)
Payments of cash dividends (3,183) 0
Payments for repurchases of common stock (948) (1,363)
Net cash used in financing activities (42,649) (5,613)
Net (decrease) increase in cash and cash equivalents (1,640) 18,523
Cash and cash equivalents at beginning of period 2,342 35,945
Cash and cash equivalents at end of period 702 54,468
Supplemental cash flow disclosure:    
Income taxes paid, net 8,778 322
Interest paid 3,736 4,548
Non-cash transactions:    
Capital expenditures in accounts payable 145 379
Accrued dividends $ 0 $ 3,187