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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 28, 2022
Aug. 28, 2021
Current assets    
Cash and cash equivalents $ 238,073 $ 434,563
Receivables, less allowance for doubtful accounts ($370 and $307, respectively) 373,639 253,808
Inventories, net 486,100 341,473
Prepaid expenses and other current assets 20,806 29,069
Total current assets 1,118,618 1,058,913
Property, plant, and equipment, net 256,335 191,427
Goodwill 484,176 348,058
Other intangible assets, net 477,603 390,407
Investment in life insurance 29,505 28,821
Operating lease assets 42,327 28,379
Other long-term assets 18,570 16,562
Total assets 2,427,134 2,062,567
Current liabilities    
Accounts payable 229,727 180,030
Income taxes payable 10,754 8,043
Accrued expenses:    
Accrued compensation 63,966 67,541
Product warranties 127,263 91,222
Self-insurance 20,615 19,296
Promotional 16,191 10,040
Accrued interest and dividends 14,017 10,720
Other current liabilities 53,419 20,384
Total current liabilities 535,952 407,276
Long-term debt, net 541,453 528,559
Deferred income taxes 8,445 13,429
Unrecognized tax benefits 6,346 6,483
Long-term operating lease liabilities 41,195 26,745
Deferred compensation benefits, net of current portion 8,550 9,550
Other long-term liabilities 21,302 13,582
Total liabilities 1,163,243 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 252,257 218,490
Retained earnings 1,463,254 1,172,996
Accumulated other comprehensive loss (463) (491)
Treasury stock, at cost: 20,067 and 18,713 shares, respectively (477,045) (359,940)
Total shareholders' equity 1,263,891 1,056,943
Total liabilities and shareholders' equity $ 2,427,134 $ 2,062,567