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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2019
Aug. 25, 2018
Aug. 26, 2017
Operating activities:      
Net income $ 111,798 $ 102,357 $ 71,330
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 13,682 9,849 7,315
Amortization of intangible assets 9,635 9,328 24,660
Amortization of debt issuance costs 1,612 2,206 1,596
LIFO expense 2,258 3,344 1,722
Stock-based compensation 7,058 7,434 2,977
Deferred income taxes 7,984 5,784 8,360
Deferred compensation expense and postretirement income 1,056 1,201 (23,379)
Other, net 257 (995) (1,257)
Change in assets and liabilities:      
Receivables 6,418 (37,739) (25,136)
Inventories (8,256) (46,429) (6,165)
Prepaid expenses and other assets (4,499) 2,353 (2,461)
Accounts payable 907 (1,278) 23,778
Income taxes and unrecognized tax benefits (13,810) 7,939 7,045
Accrued expenses and other liabilities (2,350) 17,992 6,742
Net cash provided by operating activities 133,750 83,346 97,127
Investing activities:      
Purchases of property and equipment (40,858) (28,668) (13,993)
Acquisition of business, net of cash acquired (702) (81,200) (392,473)
Proceeds from Sale of Property, Plant, and Equipment 148 338 223
Other, net 2,476 (2,231) 858
Net cash used in investing activities (38,936) (111,761) (405,385)
Financing activities:      
Borrowings on credit agreement 891,892 221,133 366,400
Repayments of credit agreement (930,424) (206,601) (82,400)
Payments of cash dividends (13,670) (12,738) (12,738)
Payments for repurchases of common stock (8,171) (6,481) (1,530)
Payments of debt issuance costs 0 (589) (11,020)
Other, net 648 88 (92)
Net cash provided by (used in) financing activities (59,725) (5,188) 258,620
Net (decrease) increase in cash and cash equivalents 35,089 (33,603) (49,638)
Cash and cash equivalents at beginning of period 2,342 35,945 85,583
Cash and cash equivalents at end of period 37,431 2,342 35,945
Supplemental cash flow disclosure:      
Income taxes paid, net 37,061 26,436 21,421
Interest paid 14,921 16,565 11,893
Non-cash transactions:      
Issuance of Winnebago common stock for acquisition of business 0 0 124,066
Capital expenditures in accounts payable $ 387 $ 698 $ 1,021