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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 30, 2020
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 152,480 $ 37,431
Receivables, less allowance for doubtful accounts ($381 and $160, respectively) 163,590 158,049
Inventories, net 190,359 201,126
Prepaid expenses and other assets 21,566 14,051
Total current assets 527,995 410,657
Property, plant, and equipment, net 175,431 127,572
Other assets:    
Goodwill 348,058 274,931
Other intangible assets, net 408,358 256,082
Investment in life insurance 27,336 26,846
Operating lease assets 29,790  
Other assets 16,072 8,143
Total assets 1,533,040 1,104,231
Current liabilities:    
Accounts payable 81,998 81,635
Accrued expenses:    
Accrued compensation 24,907 20,328
Product warranties 60,665 44,436
Self-insurance 16,860 13,820
Promotional 11,677 10,896
Accrued interest 1,992 4,059
Other 16,408 13,678
Current maturities of long-term debt 13,668 8,892
Total current liabilities 228,175 197,744
Non-current liabilities:    
Long-term debt, less current maturities 451,306 245,402
Deferred income taxes 16,708 12,032
Unrecognized tax benefits 6,269 3,591
Operating lease liabilities 27,366  
Deferred compensation benefits, net of current portion 11,454 12,878
Other 6,952 372
Total non-current liabilities 520,055 274,275
Contingent liabilities and commitments (Note 12)
Stockholders' equity:    
Preferred stock, par value $0.01: Authorized-10,000 shares; Issued-zero 0 0
Common stock, par value $0.50: Authorized-60,000 shares; Issued-51,776 shares 25,888 25,888
Additional paid-in capital 200,456 91,185
Retained earnings 874,911 866,886
Accumulated other comprehensive loss (967) (491)
Treasury stock, at cost: 18,146 and 20,262 shares, respectively (315,478) (351,256)
Total stockholders' equity 784,810 632,212
Total liabilities and stockholders' equity $ 1,533,040 $ 1,104,231