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Business Segments (Tables) | 6 Months Ended
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Feb. 24, 2024
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 24, 2024 |  | February 25, 2023 |  | February 24, 2024 |  | February 25, 2023
Net Revenues |  |  |  |  |  |  |
Towable RV | $ | 284.7 |  |  | $ | 342.5 |  |  | $ | 615.5 |  |  | $ | 689.8 |
Motorhome RV | 338.4 |  |  | 403.8 |  |  | 672.8 |  |  | 868.0 |
Marine | 69.8 |  |  | 112.9 |  |  | 157.1 |  |  | 244.3 |
Corporate / All Other | 10.7 |  |  | 7.5 |  |  | 21.2 |  |  | 16.8 |
Consolidated | $ | 703.6 |  |  | $ | 866.7 |  |  | $ | 1,466.6 |  |  | $ | 1,818.9 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable RV | $ | 26.8 |  |  | $ | 39.3 |  |  | $ | 59.9 |  |  | $ | 75.6 |
Motorhome RV | 26.0 |  |  | 42.5 |  |  | 47.3 |  |  | 92.8 |
Marine | 4.4 |  |  | 14.4 |  |  | 11.6 |  |  | 32.9 |
Corporate / All Other | (7.4) |  |  | (7.8) |  |  | (14.9) |  |  | (15.9) |
Consolidated | $ | 49.8 |  |  | $ | 88.4 |  |  | $ | 103.9 |  |  | $ | 185.4 |
Capital Expenditures |  |  |  |  |  |  |
Towable RV | $ | 0.2 |  |  | $ | 6.2 |  |  | $ | 2.6 |  |  | $ | 20.5 |
Motorhome RV | 6.7 |  |  | 9.0 |  |  | 14.0 |  |  | 14.8 |
Marine | 1.7 |  |  | 5.3 |  |  | 2.9 |  |  | 12.6 |
Corporate / All Other | 2.4 |  |  | 1.1 |  |  | 3.3 |  |  | 1.5 |
Consolidated | $ | 11.0 |  |  | $ | 21.6 |  |  | $ | 22.8 |  |  | $ | 49.4 |
(in millions) | February 24, 2024 |  | August 26, 2023
Assets |  |  |
Towable RV | $ | 754.1 |  |  | $ | 751.2 |
Motorhome RV | 844.8 |  |  | 802.2 |
Marine | 415.4 |  |  | 426.9 |
Corporate / All Other | 419.6 |  |  | 452.1 |
Consolidated | $ | 2,433.9 |  |  | $ | 2,432.4 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| Three Months Ended |  | Six Months Ended
(in millions) | February 24, 2024 |  | February 25, 2023 |  | February 24, 2024 |  | February 25, 2023
Net (loss) income | $ | (12.7) |  |  | $ | 52.8 |  |  | $ | 13.1 |  |  | $ | 113.0 |
Interest expense, net | 5.3 |  |  | 5.3 |  |  | 9.4 |  |  | 11.2 |
Provision for income taxes | 7.1 |  |  | 16.9 |  |  | 15.7 |  |  | 36.4 |
Depreciation | 8.5 |  |  | 6.7 |  |  | 16.6 |  |  | 13.3 |
Amortization | 5.7 |  |  | 3.8 |  |  | 11.3 |  |  | 7.6 |
EBITDA | 13.9 |  |  | 85.5 |  |  | 66.1 |  |  | 181.5 |
Acquisition-related costs | 0.2 |  |  | 1.1 |  |  | 1.5 |  |  | 1.7 |
Change in fair value of note receivable | 3.0 |  |  | — |  |  | 3.0 |  |  | — |
Contingent consideration fair value adjustment | 0.3 |  |  | 1.6 |  |  | 1.1 |  |  | 2.0 |
Loss on note repurchase | 32.7 |  |  | — |  |  | 32.7 |  |  | — |
Non-operating (income) loss | (0.3) |  |  | 0.2 |  |  | (0.5) |  |  | 0.2 |
Adjusted EBITDA | $ | 49.8 |  |  | $ | 88.4 |  |  | $ | 103.9 |  |  | $ | 185.4 |

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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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