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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 27, 2022
Aug. 28, 2021
Current assets    
Cash and cash equivalents $ 282,172 $ 434,563
Receivables, less allowance for doubtful accounts ($567 and $307, respectively) 254,124 253,808
Inventories, net 525,769 341,473
Prepaid expenses and other current assets 31,750 29,069
Total current assets 1,093,815 1,058,913
Property, plant, and equipment, net 276,219 191,427
Goodwill 484,176 348,058
Other intangible assets, net 472,388 390,407
Investment in life insurance 28,624 28,821
Operating lease assets 41,131 28,379
Other long-term assets 20,304 16,562
Total assets 2,416,657 2,062,567
Current liabilities    
Accounts payable 217,458 180,030
Income taxes payable 654 8,043
Accrued expenses:    
Accrued compensation 71,646 67,541
Product warranties 127,932 91,222
Self-insurance 21,432 19,296
Promotional 21,471 10,040
Accrued interest and dividends 13,033 10,720
Other current liabilities 48,471 20,384
Total current liabilities 522,097 407,276
Non-current liabilities    
Long-term debt, net 545,855 528,559
Deferred income taxes 6,108 13,429
Unrecognized tax benefits 5,744 6,483
Long-term operating lease liabilities 40,426 26,745
Deferred compensation benefits, net of current portion 8,145 9,550
Other long-term liabilities 25,275 13,582
Total liabilities 1,153,650 1,005,624
Contingent liabilities and commitments (Note 12)
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 25,888 25,888
Additional paid-in capital 256,224 218,490
Retained earnings 1,537,531 1,172,996
Accumulated other comprehensive loss (454) (491)
Treasury stock, at cost: 21,464 and 18,713 shares, respectively (556,182) (359,940)
Total shareholders' equity 1,263,007 1,056,943
Total liabilities and shareholders' equity $ 2,416,657 $ 2,062,567