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Income Taxes (Tables)
12 Months Ended
Aug. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense
Income tax expense consisted of the following:
(in millions)202520242023
Current
Federal$(0.8)$10.4 $38.2 
State2.3 6.9 8.8 
Total1.5 17.3 47.0 
Deferred
Federal5.3 7.1 15.9 
State(2.4)1.0 0.4 
Total2.9 8.1 16.3 
Income tax provision$4.4 $25.4 $63.3 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the U.S. statutory income tax rate to our effective income tax rate is as follows:
202520242023
U.S. federal statutory rate21.0 %21.0 %21.0 %
State taxes, net of federal benefit2.3 %8.4 %3.1 %
Income tax credits(10.1)%(8.9)%(1.1)%
Non-deductible compensation7.6 %6.6 %1.1 %
Non-deductible debt inducement— %19.4 %— %
Non-deductible goodwill impairment— %16.6 %— %
Valuation allowance(0.3)%5.0 %— %
Tax-free and dividend income(1.2)%(1.1)%(0.1)%
Uncertain tax position settlements and adjustments(2.1)%(1.7)%0.1 %
Other items(2.7)%0.9 %(1.4)%
Effective tax provision rate14.5 %66.2 %22.7 %
Schedule of Deferred Income Taxes
The tax effects of temporary differences that give rise to deferred income taxes were as follows:
(in millions)August 30, 2025August 31, 2024
Warranty reserves$17.9 $19.3 
Deferred compensation1.7 2.5 
Self-insurance reserve3.6 4.4 
Stock-based compensation4.2 4.5 
Leases13.4 15.0 
Convertible notes13.7 16.5 
Capitalized research and development costs29.6 23.8 
Other15.6 14.0 
Valuation allowance(1.8)(1.9)
Interest limitation12.5 4.1 
Total deferred tax assets110.4 102.2 
Intangibles73.3 61.5 
Depreciation30.9 30.2 
Leases12.1 13.5 
Total deferred tax liabilities116.3 105.2 
Total deferred income tax liabilities, net$5.9 $3.0 
Schedule of Unrecognized Tax Benefits
Changes in the unrecognized tax benefits are as follows:
(in millions)202520242023
Balance at beginning of year$4.9 $5.5 $5.0 
Gross decreases-tax positions in a prior year(1.3)(1.7)(1.5)
Gross increases-tax positions in a prior year— 0.2 1.0 
Gross increases-current year tax positions0.8 0.9 1.0 
Balance at end of year4.4 4.9 5.5 
Accrued interest and penalties0.4 0.5 0.6 
Total unrecognized tax benefits$4.8 $5.4 $6.1