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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 27, 2021
Aug. 29, 2020
Current assets:    
Cash and cash equivalents $ 333,015 $ 292,575
Receivables, less allowance for doubtful accounts ($301 and $353, respectively) 232,349 220,798
Inventories, net 278,468 182,941
Prepaid expenses and other assets 21,146 17,296
Total current assets 864,978 713,610
Property, plant, and equipment, net 173,609 174,945
Other assets:    
Goodwill 348,058 348,058
Other intangible assets, net 397,587 404,768
Investment in life insurance 28,301 27,838
Operating lease assets 27,833 29,463
Other assets 15,429 15,018
Total assets 1,855,795 1,713,700
Current liabilities:    
Accounts payable 144,604 132,490
Income taxes payable 0 8,840
Accrued expenses:    
Accrued compensation 47,086 36,533
Product warranties 76,040 64,031
Self-insurance 17,469 17,437
Promotional 11,719 12,543
Accrued interest 4,260 4,652
Other 19,825 23,864
Total current liabilities 321,003 300,390
Non-current liabilities:    
Long-term debt, less current maturities 520,284 512,630
Deferred income taxes 16,528 15,608
Unrecognized tax benefits 6,207 6,511
Operating lease liabilities 25,942 27,048
Deferred compensation benefits, net of current portion 10,521 11,130
Other 12,946 12,917
Total non-current liabilities 592,428 585,844
Contingent liabilities and commitments (Note 10)
Stockholders' equity:    
Preferred stock, par value $0.01: Authorized-10,000 shares; Issued-zero 0 0
Common stock, par value $0.50: Authorized-120,000 shares; Issued-51,776 shares 25,888 25,888
Additional paid-in capital 209,727 203,791
Retained earnings 1,032,020 913,610
Accumulated other comprehensive loss (509) (526)
Treasury stock, at cost: 18,225 and 18,133 shares, respectively (324,762) (315,297)
Total stockholders' equity 942,364 827,466
Total liabilities and stockholders' equity $ 1,855,795 $ 1,713,700