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Income Taxes
6 Months Ended
Mar. 01, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective tax rate was 8.1% and (126.1)% for the three months ended March 1, 2025 and February 24, 2024, respectively; and 21.0% and 54.4% for the six months ended March 1, 2025 and February 24, 2024, respectively. The change in our effective tax rate for the three months ended March 1, 2025 compared to the three months ended February 24, 2024 was driven primarily prior year's non-deductible loss on note repurchase and current period pre-tax loss. The decrease in tax rate for the six months ended March 1, 2025 compared to the six months ended February 24, 2024 was driven primarily by the impact of the prior year non-deductible loss on note repurchase as well as the current year to date pre-tax book loss.

As of March 1, 2025, $9.8 million of U.S. federal income taxes receivable was included in prepaid expenses and other current assets on the Consolidated Balance Sheets. Comparatively, as of August 31, 2024, $6.8 million of U.S. federal income taxes receivable was included in prepaid expenses and other current assets on the Consolidated Balance Sheets.

We file a U.S. Federal tax return, as well as returns in various international and state jurisdictions. As of March 1, 2025, our U.S. Federal returns from Fiscal 2021 to present are subject to review by the Internal Revenue Service. With limited exceptions, U.S. state returns from Fiscal 2020 to present continue to be subject to review by state taxing jurisdictions. We are currently under review by certain U.S. state tax authorities for Fiscal 2020 through Fiscal 2023. We believe we have adequately reserved for our exposure to potential additional payments for uncertain tax positions in our liability for unrecognized tax benefits.