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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
May 25, 2019
May 26, 2018
Operating activities:    
Net income $ 79,930 $ 72,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,788 6,679
Amortization of intangible assets 7,204 5,921
Amortization of debt issuance costs 1,186 1,222
Last in, first-out expense 1,544 1,238
Stock-based compensation 5,735 4,983
Deferred income taxes 362 4,807
Other, net 1,265 194
Change in assets and liabilities:    
Receivables (20,961) (24,595)
Inventories 2,701 (36,351)
Prepaid expenses and other assets (653) 3,320
Accounts payable 3,954 9,617
Income taxes and unrecognized tax benefits (13,898) (1,081)
Accrued expenses and other liabilities 4,692 12,491
Net cash provided by operating activities 82,849 61,012
Investing activities:    
Purchases of property and equipment (31,681) (18,123)
Acquisition of business, net of cash acquired (702) 0
Proceeds from the sale of property 134 316
Other, net 1,752 (83)
Net cash used in investing activities (30,497) (17,890)
Financing activities:    
Borrowings on credit agreement 342,549 19,700
Repayments of credit agreement (375,438) (43,700)
Payments of cash dividends (10,201) (9,557)
Payments for repurchases of common stock (7,724) (6,481)
Other, net 296 0
Net cash used in financing activities (50,518) (40,038)
Net increase in cash and cash equivalents 1,834 3,084
Cash and cash equivalents at beginning of period 2,342 35,945
Cash and cash equivalents at end of period 4,176 39,029
Supplemental cash flow disclosure:    
Income taxes paid, net 33,852 24,833
Interest paid 10,335 11,935
Non-cash transactions:    
Capital expenditures in accounts payable $ 9 $ 607