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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 23, 2019
Feb. 24, 2018
Operating activities:    
Net income $ 43,759 $ 40,046
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,268 4,328
Amortization of intangible assets 4,926 3,988
Amortization of debt issuance costs 790 826
Last in, first-out expense 1,029 598
Stock-based compensation 4,605 3,553
Deferred income taxes 346 2,080
Other, net (170) 80
Change in assets and liabilities:    
Receivables (15,355) (33,017)
Inventories 4,488 (36,379)
Prepaid expenses and other assets (4,926) 1,921
Accounts payable 11,992 20,542
Income taxes and unrecognized tax benefits (15,216) (4,510)
Accrued expenses and other liabilities 9,402 10,989
Net cash provided by operating activities 51,938 15,045
Investing activities:    
Purchases of property and equipment (23,366) (11,675)
Acquisition of business, net of cash acquired (702) 0
Proceeds from the sale of property 32 299
Other, net 1,012 (18)
Net cash used in investing activities (23,024) (11,394)
Financing activities:    
Borrowings on credit agreement 218,720 19,700
Repayments of credit agreement (233,922) (24,000)
Payments of cash dividends (6,713) (6,375)
Payments for repurchases of common stock (6,620) (1,478)
Other, net 296 0
Net cash used in financing activities (28,239) (12,153)
Net increase (decrease) in cash and cash equivalents 675 (8,502)
Cash and cash equivalents at beginning of period 2,342 35,945
Cash and cash equivalents at end of period 3,017 27,443
Supplemental cash flow disclosure:    
Income taxes paid, net 30,262 19,290
Interest paid 7,469 8,906
Non-cash transactions:    
Capital expenditures in accounts payable $ 259 $ 1,012