XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2

Investments and Fair Value Measurements (Tables)

3 Months Ended

Nov. 26, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are as follows:

			Fair Value at						Fair Value Hierarchy
(in millions)			November 26, 2022						Level 1						Level 2						Level 3
Assets that fund deferred compensation
Domestic equity funds			$	1.7					$	1.7					$	—					$	—
International equity funds			0.1						0.1						—						—
Fixed income funds			0.2						0.2						—						—
Total assets at fair value			$	2.0					$	2.0					$	—					$	—
Contingent consideration
Earnout liability			$	40.2					$	—					$	—					$	40.2
Total liabilities at fair value			$	40.2					$	—					$	—					$	40.2

    

			Fair Value at						Fair Value Hierarchy
(in millions)			August 27, 2022						Level 1						Level 2						Level 3
Assets that fund deferred compensation
Domestic equity funds			$	1.2					$	1.2					$	—					$	—
International equity funds			0.1						0.1						—						—
Fixed income funds			0.1						0.1						—						—
Total assets at fair value			$	1.4					$	1.4					$	—					$	—
Contingent consideration
Earnout liability			$	39.8					$	—					$	—					$	39.8
Total liabilities at fair value			$	39.8					$	—					$	—					$	39.8

Fair Value, Liabilities Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are as follows:

			Fair Value at						Fair Value Hierarchy
(in millions)			November 26, 2022						Level 1						Level 2						Level 3
Assets that fund deferred compensation
Domestic equity funds			$	1.7					$	1.7					$	—					$	—
International equity funds			0.1						0.1						—						—
Fixed income funds			0.2						0.2						—						—
Total assets at fair value			$	2.0					$	2.0					$	—					$	—
Contingent consideration
Earnout liability			$	40.2					$	—					$	—					$	40.2
Total liabilities at fair value			$	40.2					$	—					$	—					$	40.2

    

			Fair Value at						Fair Value Hierarchy
(in millions)			August 27, 2022						Level 1						Level 2						Level 3
Assets that fund deferred compensation
Domestic equity funds			$	1.2					$	1.2					$	—					$	—
International equity funds			0.1						0.1						—						—
Fixed income funds			0.1						0.1						—						—
Total assets at fair value			$	1.4					$	1.4					$	—					$	—
Contingent consideration
Earnout liability			$	39.8					$	—					$	—					$	39.8
Total liabilities at fair value			$	39.8					$	—					$	—					$	39.8

Fair Value Disclosure Of Contingent Consideration

The following table provides a reconciliation of the beginning and ending balances of the contingent consideration:

			Three Months Ended
(in millions)			November 26, 2022						November 27, 2021
Beginning fair value - contingent consideration			$	39.8					$	—
Additions			—						24.2
Fair value adjustments			0.4						6.4
Ending fair value - contingent consideration			$	40.2					$	30.6

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration