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Business Segments (Tables) | 3 Months Ended
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Nov. 25, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
| Three Months Ended |  |
(in millions) | November 25, 2023 |  | November 26, 2022 |  |  |  |
Net Revenues |  |  |  |  |  |  |
Towable RV | $ | 330.8 |  |  | $ | 347.3 |  |  |  |  |
Motorhome RV | 334.4 |  |  | 464.2 |  |  |  |  |
Marine | 87.3 |  |  | 131.4 |  |  |  |  |
Corporate / All Other | 10.5 |  |  | 9.3 |  |  |  |  |
Consolidated | $ | 763.0 |  |  | $ | 952.2 |  |  |  |  |
Adjusted EBITDA |  |  |  |  |  |  |
Towable RV | $ | 33.1 |  |  | $ | 36.3 |  |  |  |  |
Motorhome RV | 21.3 |  |  | 50.3 |  |  |  |  |
Marine | 7.2 |  |  | 18.5 |  |  |  |  |
Corporate / All Other | (7.5) |  |  | (8.1) |  |  |  |  |
Consolidated | $ | 54.1 |  |  | $ | 97.0 |  |  |  |  |
Capital Expenditures |  |  |  |  |  |  |
Towable RV | $ | 2.4 |  |  | $ | 14.3 |  |  |  |  |
Motorhome RV | 7.3 |  |  | 5.8 |  |  |  |  |
Marine | 1.2 |  |  | 7.3 |  |  |  |  |
Corporate / All Other | 0.9 |  |  | 0.4 |  |  |  |  |
Consolidated | $ | 11.8 |  |  | $ | 27.8 |  |  |  |  |
(in millions) | November 25, 2023 |  | August 26, 2023
Assets |  |  |
Towable RV | $ | 759.3 |  |  | $ | 751.2 |
Motorhome RV | 821.9 |  |  | 802.2 |
Marine | 419.8 |  |  | 426.9 |
Corporate / All Other | 367.9 |  |  | 452.1 |
Consolidated | $ | 2,368.9 |  |  | $ | 2,432.4 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| Three Months Ended |  |
(in millions) | November 25, 2023 |  | November 26, 2022 |  |  |  |
Net income | $ | 25.8 |  |  | $ | 60.2 |  |  |  |  |
Interest expense, net | 4.1 |  |  | 5.9 |  |  |  |  |
Provision for income taxes | 8.6 |  |  | 19.5 |  |  |  |  |
Depreciation | 8.1 |  |  | 6.6 |  |  |  |  |
Amortization | 5.6 |  |  | 3.8 |  |  |  |  |
EBITDA | 52.2 |  |  | 96.0 |  |  |  |  |
Acquisition-related costs | 1.3 |  |  | 0.6 |  |  |  |  |
Contingent consideration fair value adjustment | 0.8 |  |  | 0.4 |  |  |  |  |
Non-operating income | (0.2) |  |  | — |  |  |  |  |
Adjusted EBITDA | $ | 54.1 |  |  | $ | 97.0 |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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