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Leases (Tables)
 12 Months Ended
Aug. 31, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information
The supplemental balance sheet information related to our leases is as follows:
(in millions)ClassificationAugust 31, 2024August 26, 2023
Assets
Operating leasesOperating lease assets$46.6 $42.6 
Finance leasesOther long-term assets8.9 8.1 
Total lease assets$55.5 $50.7 
Liabilities
Current: Operating leasesOther current liabilities$6.4 $5.9 
Current: Finance leasesOther current liabilities1.6 1.3 
Non-Current: Operating leasesLong-term operating lease liabilities45.6 42.0 
Non-Current: Finance leasesOther long-term liabilities7.8 7.7 
Total lease liabilities$61.4 $56.9 
Schedule of Lease Costs
Operating lease costs incurred are as follows:
(in millions)Classification202420232022
Operating lease expense(1)
Costs of goods sold and SG&A$11.8 $10.3 $9.6 
Finance lease cost:
Depreciation of lease assetsCosts of goods sold and SG&A1.1 1.0 0.8 
Interest on lease liabilitiesInterest expense, net0.6 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:
202420232022
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 leases0.6 0.5 0.4 
Financing cash flows from financing leases1.4 1.1 0.9 
Weighted average remaining lease term:
Operating leases7.07.38.1
Finance leases4.75.26.0
Weighted average discount rate:
Operating leases6.4 %6.2 %5.8 %
Finance leases6.5 %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 LeasesFinancing Leases
(in millions)
Related Party Amount(1,2)
Non-Related Party AmountTotalNon-Related Party Amount
Fiscal 2025$2.2 $7.3 $9.5 $2.1 
Fiscal 20262.3 7.1 9.4 2.2 
Fiscal 20272.3 6.9 9.2 2.2 
Fiscal 20282.3 6.8 9.1 2.4 
Fiscal 20292.3 6.5 8.8 0.9 
Thereafter5.6 12.9 18.5 1.3 
Total future undiscounted lease payments17.0 47.5 64.5 11.1 
Less: Interest3.5 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 LeasesFinancing Leases
(in millions)
Related Party Amount(1,2)
Non-Related Party AmountTotalNon-Related Party Amount
Fiscal 2025$2.2 $7.3 $9.5 $2.1 
Fiscal 20262.3 7.1 9.4 2.2 
Fiscal 20272.3 6.9 9.2 2.2 
Fiscal 20282.3 6.8 9.1 2.4 
Fiscal 20292.3 6.5 8.8 0.9 
Thereafter5.6 12.9 18.5 1.3 
Total future undiscounted lease payments17.0 47.5 64.5 11.1 
Less: Interest3.5 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.