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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 29, 2021
Aug. 29, 2020
Current assets    
Cash and cash equivalents $ 405,841 $ 292,575
Receivables, less allowance for doubtful accounts ($287 and $353, respectively) 228,199 220,798
Inventories, net 333,018 182,941
Prepaid expenses and other assets 21,559 17,296
Total current assets 988,617 713,610
Property, plant, and equipment, net 177,578 174,945
Goodwill 348,058 348,058
Other intangible assets, net 393,997 404,768
Investment in life insurance 28,381 27,838
Operating lease assets 27,318 29,463
Other long-term assets 15,821 15,018
Total assets 1,979,770 1,713,700
Current liabilities    
Accounts payable 173,008 132,490
Income taxes payable 0 8,840
Accrued expenses    
Accrued compensation 59,412 36,533
Product warranties 82,062 64,031
Self-insurance 18,237 17,437
Promotional 9,851 12,543
Accrued interest 7,821 4,652
Accrued dividends 4,273 180
Other 20,946 23,684
Total current liabilities 375,610 300,390
Long-term debt, net 524,450 512,630
Deferred income taxes 14,852 15,608
Unrecognized tax benefits 6,538 6,511
Operating lease liabilities 25,391 27,048
Deferred compensation benefits, net of current portion 9,920 11,130
Other long-term liabilities 12,751 12,917
Total liabilities 969,512 886,234
Contingent liabilities and commitments (Note 10)
Shareholders' equity    
Preferred stock, par value $0.01: 10,000 shares authorized; Zero shares issued and outstanding 0 0
Common stock, par value $0.50: 120,000 shares authorized; 51,776 shares issued and outstanding 25,888 25,888
Additional paid-in capital 214,460 203,791
Retained earnings 1,095,167 913,610
Accumulated other comprehensive loss (500) (526)
Treasury stock, at cost: 18,225 and 18,133 shares, respectively (324,757) (315,297)
Total shareholders' equity 1,010,258 827,466
Total liabilities and shareholders' equity $ 1,979,770 $ 1,713,700