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v3.23.1

Business Segments (Tables) | 6 Months Ended
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Feb. 25, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
| Three Months Ended |  | Six Months Ended
(in millions) | February 25, 2023 |  | February 26, 2022 |  | February 25, 2023 |  | February 26, 2022
Net Revenues |  |  |  |  |  |  |
Towable | $ | 342.5 |  |  | $ | 646.6 |  |  | $ | 689.8 |  |  | $ | 1,297.6 |
Motorhome | 403.8 |  |  | 417.6 |  |  | 868.0 |  |  | 839.0 |
Marine | 112.9 |  |  | 97.3 |  |  | 244.3 |  |  | 176.6 |
Corporate / All Other | 7.5 |  |  | 3.2 |  |  | 16.8 |  |  | 7.3 |
Consolidated | $ | 866.7 |  |  | $ | 1,164.7 |  |  | $ | 1,818.9 |  |  | $ | 2,320.5 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable | $ | 39.3 |  |  | $ | 100.6 |  |  | $ | 75.6 |  |  | $ | 212.7 |
Motorhome | 42.5 |  |  | 46.1 |  |  | 92.8 |  |  | 96.2 |
Marine | 14.4 |  |  | 13.0 |  |  | 32.9 |  |  | 23.5 |
Corporate / All Other | (7.8) |  |  | (9.0) |  |  | (15.9) |  |  | (14.4) |
Consolidated | $ | 88.4 |  |  | $ | 150.7 |  |  | $ | 185.4 |  |  | $ | 318.0 |
Capital Expenditures |  |  |  |  |  |  |
Towable | $ | 6.2 |  |  | $ | 10.2 |  |  | $ | 20.5 |  |  | $ | 21.3 |
Motorhome | 9.0 |  |  | 7.9 |  |  | 14.8 |  |  | 15.6 |
Marine | 5.3 |  |  | 1.9 |  |  | 12.6 |  |  | 2.5 |
Corporate / All Other | 1.1 |  |  | 0.2 |  |  | 1.5 |  |  | 4.0 |
Consolidated | $ | 21.6 |  |  | $ | 20.2 |  |  | $ | 49.4 |  |  | $ | 43.4 |
(in millions) | February 25, 2023 |  | August 27, 2022
Assets |  |  |
Towable | $ | 871.4 |  |  | $ | 874.9 |
Motorhome | 856.9 |  |  | 823.4 |
Marine | 443.6 |  |  | 416.1 |
Corporate / All Other | 273.5 |  |  | 302.3 |
Consolidated | $ | 2,445.4 |  |  | $ | 2,416.7 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| Three Months Ended |  | Six Months Ended
(in millions) | February 25, 2023 |  | February 26, 2022 |  | February 25, 2023 |  | February 26, 2022
Net income | $ | 52.8 |  |  | $ | 91.2 |  |  | $ | 113.0 |  |  | $ | 190.8 |
Interest expense, net | 5.3 |  |  | 10.3 |  |  | 11.2 |  |  | 20.6 |
Provision for income taxes | 16.9 |  |  | 28.8 |  |  | 36.4 |  |  | 58.9 |
Depreciation | 6.7 |  |  | 5.5 |  |  | 13.3 |  |  | 10.8 |
Amortization | 3.8 |  |  | 8.0 |  |  | 7.6 |  |  | 16.2 |
EBITDA | 85.5 |  |  | 143.8 |  |  | 181.5 |  |  | 297.3 |
Acquisition-related costs | 1.1 |  |  | 0.4 |  |  | 1.7 |  |  | 3.8 |
Litigation reserves | — |  |  | — |  |  | — |  |  | 4.0 |
Contingent consideration fair value adjustment | 1.6 |  |  | 6.5 |  |  | 2.0 |  |  | 12.9 |
Non-operating loss | 0.2 |  |  | — |  |  | 0.2 |  |  | — |
Adjusted EBITDA | $ | 88.4 |  |  | $ | 150.7 |  |  | $ | 185.4 |  |  | $ | 318.0 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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