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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 26, 2022
Aug. 28, 2021
Current assets    
Cash and cash equivalents $ 134,832 $ 434,563
Receivables, less allowance for doubtful accounts ($294 and $307, respectively) 380,039 253,808
Inventories, net 469,454 341,473
Prepaid expenses and other current assets 25,139 29,069
Total current assets 1,009,464 1,058,913
Property, plant, and equipment, net 239,034 191,427
Goodwill 484,176 348,058
Other intangible assets, net 485,619 390,407
Investment in life insurance 29,306 28,821
Operating lease assets 43,473 28,379
Other long-term assets 18,361 16,562
Total assets 2,309,433 2,062,567
Current liabilities    
Accounts payable 211,280 180,030
Income taxes payable 0 8,043
Accrued expenses:    
Accrued compensation 59,947 67,541
Product warranties 113,818 91,222
Self-insurance 17,871 19,296
Promotional 13,723 10,040
Accrued interest and dividends 4,489 10,720
Other current liabilities 42,918 20,384
Total current liabilities 464,046 407,276
Long-term debt, net 536,990 528,559
Deferred income taxes 11,458 13,429
Unrecognized tax benefits 6,222 6,483
Long-term operating lease liabilities 42,420 26,745
Deferred compensation benefits, net of current portion 9,425 9,550
Other long-term liabilities 29,885 13,582
Total liabilities 1,100,446 1,005,624
Contingent liabilities and commitments (Note 11)
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 238,159 218,490
Retained earnings 1,357,812 1,172,996
Accumulated other comprehensive loss (473) (491)
Treasury stock, at cost: 19,045 and 18,713 shares, respectively (412,399) (359,940)
Total shareholders' equity 1,208,987 1,056,943
Total liabilities and shareholders' equity $ 2,309,433 $ 2,062,567