XML 64 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Feb. 29, 2020
Feb. 23, 2019
Operating activities:    
Net income $ 31,336 $ 43,759
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,720 6,268
Amortization of intangible assets 11,588 4,926
Non-cash interest expense, net 4,182 0
Amortization of debt issuance costs 1,457 790
Last-in, first-out expense 664 1,029
Stock-based compensation 3,640 4,605
Deferred income taxes 576 346
Other, net 252 (170)
Change in assets and liabilities:    
Receivables 11,734 (15,355)
Inventories 45,275 4,488
Prepaid expenses and other assets (4,081) (4,926)
Accounts payable 4,688 11,992
Income taxes and unrecognized tax benefits (966) (15,216)
Accrued expenses and other liabilities 1,099 9,402
Net cash provided by operating activities 119,164 51,938
Investing activities:    
Purchases of property and equipment (19,057) (23,366)
Acquisition of business, net of cash acquired (264,280) (702)
Other, net 179 1,044
Net cash used in investing activities (283,158) (23,024)
Financing activities:    
Borrowings on credit agreement 1,112,294 218,720
Repayments of credit agreement (1,112,294) (233,922)
Proceeds from issuance of convertible senior notes 300,000 0
Purchase of convertible note hedge (70,800) 0
Proceeds from issuance of warrants 42,210 0
Payments on long-term debt (2,750) 0
Payments of offering costs (10,761) 0
Payments of cash dividends (7,174) (6,713)
Payments for repurchase of common stock 0 (6,620)
Other, net (1,223) 296
Net cash provided by (used in) financing activities 249,502 (28,239)
Net increase (decrease) in cash and cash equivalents 85,508 675
Cash and cash equivalents at beginning of period 37,431 2,342
Cash and cash equivalents at end of period 122,939 3,017
Supplement cash flow disclosure:    
Income taxes paid, net 7,652 30,262
Interest paid 9,938 7,469
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 92,572 0
Capital expenditures in accounts payable $ 118 $ 259