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Leases (Tables) | 12 Months Ended
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Aug. 31, 2024
Leases [Abstract] |
Supplemental Balance Sheet Information | The supplemental balance sheet information related to our leases is as follows:
(in millions) | Classification | August 31, 2024 | August 26, 2023
Assets |  |  |
Operating leases | Operating lease assets | $ | 46.6 |  | $ | 42.6 |
Finance leases | Other long-term assets | 8.9 |  | 8.1 |
Total lease assets |  | $ | 55.5 |  | $ | 50.7 |
Liabilities |  |  |
Current: Operating leases | Other current liabilities | $ | 6.4 |  | $ | 5.9 |
Current: Finance leases | Other current liabilities | 1.6 |  | 1.3 |
Non-Current: Operating leases | Long-term operating lease liabilities | 45.6 |  | 42.0 |
Non-Current: Finance leases | Other long-term liabilities | 7.8 |  | 7.7 |
Total lease liabilities |  | $ | 61.4 |  | $ | 56.9 |
Schedule of Lease Costs | Operating lease costs incurred are as follows:
(in millions) | Classification | 2024 |  | 2023 |  | 2022
Operating lease expense(1) | Costs of goods sold and SG&A | $ | 11.8 |  |  | $ | 10.3 |  |  | $ | 9.6 |
Finance lease cost: |  |  |  |  |  |
Depreciation of lease assets | Costs of goods sold and SG&A | 1.1 |  |  | 1.0 |  |  | 0.8 |
Interest on lease liabilities | Interest expense, net | 0.6 |  |  | 0.5 |  |  | 0.4 |
Total lease cost |  | $ | 13.5 |  |  | $ | 11.8 |  |  | $ | 10.8 |
(1) Operating lease expense includes short-term leases and variable lease payments, which are immaterial. Additional information related to our leases is as follows:
| 2024 | 2023 | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 5.9 |  | $ | 5.0 |  | $ | 3.7 |
Operating cash flows from financing leases | 0.6 |  | 0.5 |  | 0.4 |
Financing cash flows from financing leases | 1.4 |  | 1.1 |  | 0.9 |
Weighted average remaining lease term: |  |  |
Operating leases | 7.0 | 7.3 | 8.1
Finance leases | 4.7 | 5.2 | 6.0
Weighted average discount rate: |  |  |
Operating leases | 6.4 | % | 6.2 | % | 5.8 | %
Finance leases | 6.5 | % | 6.4 | % | 5.9 | %
Future Lease Commitments for Future Fiscal Years of Operating Leases | Our future lease commitments as of August 31, 2024 included the following related party and non-related party leases:
| Operating Leases | Financing Leases
(in millions) | Related Party Amount(1,2) | Non-Related Party Amount | Total | Non-Related Party Amount
Fiscal 2025 | $ | 2.2 |  | $ | 7.3 |  | $ | 9.5 |  | $ | 2.1 |
Fiscal 2026 | 2.3 |  | 7.1 |  | 9.4 |  | 2.2 |
Fiscal 2027 | 2.3 |  | 6.9 |  | 9.2 |  | 2.2 |
Fiscal 2028 | 2.3 |  | 6.8 |  | 9.1 |  | 2.4 |
Fiscal 2029 | 2.3 |  | 6.5 |  | 8.8 |  | 0.9 |
Thereafter | 5.6 |  | 12.9 |  | 18.5 |  | 1.3 |
Total future undiscounted lease payments | 17.0 |  | 47.5 |  | 64.5 |  | 11.1 |
Less: Interest | 3.5 |  | 9.0 |  | 12.5 |  | 1.7 |
Total reported lease liabilities | $ | 13.5 |  | $ | 38.5 |  | $ | 52.0 |  | $ | 9.4 |
(1) Future lease commitments do not include annual escalators based on the CPI. In the event there are changes to CPI, lease liabilities are not remeasured and instead are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. (2) Related to a lease agreement between one of our operating segments and a third party, of which one of our Executive Officers holds a 20% ownership interest.
Future Lease Commitments for Future Fiscal Years of Financing Leases | Our future lease commitments as of August 31, 2024 included the following related party and non-related party leases:
| Operating Leases | Financing Leases
(in millions) | Related Party Amount(1,2) | Non-Related Party Amount | Total | Non-Related Party Amount
Fiscal 2025 | $ | 2.2 |  | $ | 7.3 |  | $ | 9.5 |  | $ | 2.1 |
Fiscal 2026 | 2.3 |  | 7.1 |  | 9.4 |  | 2.2 |
Fiscal 2027 | 2.3 |  | 6.9 |  | 9.2 |  | 2.2 |
Fiscal 2028 | 2.3 |  | 6.8 |  | 9.1 |  | 2.4 |
Fiscal 2029 | 2.3 |  | 6.5 |  | 8.8 |  | 0.9 |
Thereafter | 5.6 |  | 12.9 |  | 18.5 |  | 1.3 |
Total future undiscounted lease payments | 17.0 |  | 47.5 |  | 64.5 |  | 11.1 |
Less: Interest | 3.5 |  | 9.0 |  | 12.5 |  | 1.7 |
Total reported lease liabilities | $ | 13.5 |  | $ | 38.5 |  | $ | 52.0 |  | $ | 9.4 |
(1) Future lease commitments do not include annual escalators based on the CPI. In the event there are changes to CPI, lease liabilities are not remeasured and instead are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. (2) Related to a lease agreement between one of our operating segments and a third party, of which one of our Executive Officers holds a 20% ownership interest.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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