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v3.23.1

Investments and Fair Value Measurements (Tables) | 6 Months Ended
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Feb. 25, 2023
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) | February 25, 2023 |  | 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 | — |  |  | — |  |  | — |  |  | — |
Total assets at fair value | $ | 1.8 |  |  | $ | 1.8 |  |  | $ | — |  |  | $ | — |
Contingent consideration |  |  |  |  |  |  |
Earnout liability | $ | 41.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 41.8 |
Total liabilities at fair value | $ | 41.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 41.8 |
| 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) | February 25, 2023 |  | 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 | — |  |  | — |  |  | — |  |  | — |
Total assets at fair value | $ | 1.8 |  |  | $ | 1.8 |  |  | $ | — |  |  | $ | — |
Contingent consideration |  |  |  |  |  |  |
Earnout liability | $ | 41.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 41.8 |
Total liabilities at fair value | $ | 41.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 41.8 |
| 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 |  | Six Months Ended
(in millions) | February 25, 2023 |  | February 26, 2022 |  | February 25, 2023 |  | February 26, 2022
Beginning fair value - contingent consideration | $ | 40.2 |  |  | $ | 30.6 |  |  | $ | 39.8 |  |  | $ | — |
Additions | — |  |  | — |  |  | — |  |  | 24.2 |
Fair value adjustments | 1.6 |  |  | 6.5 |  |  | 2.0 |  |  | 12.9 |
Ending fair value - contingent consideration | $ | 41.8 |  |  | $ | 37.1 |  |  | $ | 41.8 |  |  | $ | 37.1 |

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- 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
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- 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
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- 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
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