XML 25 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Aug. 29, 2020
Aug. 31, 2019
Aug. 25, 2018
Operating activities:      
Net income $ 61,442 $ 111,798 $ 102,357
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 15,997 13,682 9,849
Amortization of intangible assets 22,104 9,635 9,328
Non-cash interest expense, net 10,727 0 0
Amortization of debt issuance costs 7,379 1,612 2,206
Last in, first-out expense (5,188) 2,258 3,344
Stock-based compensation 6,475 7,058 7,434
Deferred income taxes (879) 7,984 5,784
Deferred compensation expense 1,070 1,056 1,201
Other, net 1,335 257 (995)
Change in assets and liabilities:      
Receivables (25,773) 6,418 (37,739)
Inventories 105,994 (8,256) (46,429)
Prepaid expenses and other assets (358) (4,499) 2,353
Accounts payable 37,041 907 (1,278)
Income taxes and unrecognized tax benefits 11,422 (13,810) 7,939
Accrued expenses and other liabilities 21,646 (2,350) 17,992
Net cash provided by operating activities 270,434 133,750 83,346
Investing activities:      
Purchases of property and equipment (32,377) (40,858) (28,668)
Acquisition of business, net of cash acquired (260,965) (702) (81,200)
Proceeds from the sale of property 0 148 338
Other, net 266 2,476 (2,231)
Net cash used in investing activities (293,076) (38,936) (111,761)
Financing activities:      
Borrowings on long-term debt 2,786,824 891,892 221,133
Repayments on long-term debt (2,446,824) (930,424) (206,601)
Purchase of convertible bond hedge (70,800) 0 0
Proceeds from issuance of warrants 42,210 0 0
Payments of cash dividends (14,588) (13,670) (12,738)
Payments for repurchases of common stock (1,844) (8,171) (6,481)
Payments of debt issuance costs (18,030) 0 (589)
Other, net 838 648 88
Net cash provided by (used in) financing activities 277,786 (59,725) (5,188)
Net increase (decrease) in cash and cash equivalents 255,144 35,089 (33,603)
Cash and cash equivalents at beginning of year 37,431 2,342 35,945
Cash and cash equivalents at end of year 292,575 37,431 2,342
Supplement cash flow disclosure:      
Income taxes paid, net 3,667 37,061 26,436
Interest paid 17,253 14,921 16,565
Non-cash transactions:      
Issuance of Winnebago common stock for acquisition of business 92,572 0 0
Capital expenditures in accounts payable $ 178 $ 387 $ 698