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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Nov. 25, 2023
Nov. 26, 2022
Operating activities    
Net income $ 25.8 $ 60.2
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation 8.1 6.6
Amortization 5.6 3.8
Amortization of debt issuance costs 0.8 0.8
Last in, first-out ("LIFO") expense 0.1 1.1
Stock-based compensation 4.6 3.0
Deferred income taxes 1.0 1.0
Contingent consideration fair value adjustment 0.8 0.4
Other, net 0.4 (0.2)
Change in operating assets and liabilities, net of assets and liabilities acquired    
Receivables, net (9.1) 51.2
Inventories, net (24.0) (28.3)
Prepaid expenses and other assets (1.7) 6.9
Accounts payable (23.4) (81.5)
Income taxes and unrecognized tax benefits 8.7 19.1
Accrued expenses and other liabilities (19.1) (14.2)
Net cash (used in) provided by operating activities (21.4) 29.9
Investing activities    
Purchases of property, plant, and equipment (11.8) (27.8)
Other, net (2.9) 0.7
Net cash used in investing activities (14.7) (27.1)
Financing activities    
Borrowings on long-term debt 780.6 1,475.0
Repayments on long-term debt (780.6) (1,475.0)
Payments of cash dividends (9.6) (8.5)
Payments for repurchases of common stock (44.2) (4.5)
Other, net (0.4) (0.3)
Net cash used in financing activities (54.2) (13.3)
Net decrease in cash and cash equivalents (90.3) (10.5)
Cash and cash equivalents at beginning of period 309.9 282.2
Cash and cash equivalents at end of period 219.6 271.7
Supplemental Disclosures    
Income taxes paid (received), net 0.0 (1.3)
Interest paid 2.5 2.3
Non-cash investing and financing activities    
Capital expenditures in accounts payable $ 2.9 $ 4.1