Restructuring and Other Costs

6 Months Ended

Mar. 01, 2025

Restructuring and Related Activities [Abstract]

Optimization of Company Operations and Profitability Improvement

The Company continues to identify opportunities for improvements in its workforce realignment, strategy and staffing, and its focus on performance management, to ensure it has the right skill sets and number of associates to execute its long-term vision. As such, the Company extends voluntary and involuntary severance and separation benefits to certain associates in order to facilitate its workforce realignment.

As part of the Company’s strategic realignment efforts to optimize its supply chain and distribution network and enhance operational efficiency, the Company engaged consultants beginning in fiscal year 2024 and continuing into fiscal year 2025. In connection with these efforts, in the second half of fiscal year 2024, the Company commenced its plan to sell its Columbus CFC. As such, the Company extended voluntary and involuntary severance and separation benefits to certain associates and incurred consulting-related costs in the same period in order to facilitate its network optimization and

workforce realignment that qualify as exit and disposal costs under accounting principles generally accepted in the United States of America.

In addition, from time to time, the Company incurs certain expenses that are an integral component of, and directly contribute to, its restructuring activities, which do not qualify as exit and disposal costs under accounting principles generally accepted in the United States of America. These expenses include professional and consulting-related costs directly associated with the optimization of the Company’s operations and profitability improvement, which are also included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income.

The following table summarizes Restructuring and other costs for the thirteen- and twenty-six-week periods ended March 1, 2025 and March 2, 2024:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	March 1, 2025		March 2, 2024		March 1, 2025		March 2, 2024
Consulting-related costs	$	1,406	$	998	$	3,750	$	1,074
Associate severance and separation costs	—		4,904		—		5,640
Equity award acceleration costs associated with severance	—		279		—		383

Total Restructuring and other costs	$	1,406	$	6,181	$	3,750	$	7,097

Liabilities associated with Restructuring and other costs are included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheet as of March 1, 2025. The following table summarizes activity related to liabilities associated with Restructuring and other costs for the twenty-six week period ended March 1, 2025:


	Consulting-related costs		Associate severance and separation costs		Other exit-related costs		Total
Balance at August 31, 2024	$	359	$	697	$	180	$	1,236
Additions	3,750		—		—		3,750
Payments and other adjustments	(4,109)		(697)		(180)		(4,986)
Balance at March 1, 2025	$	—	$	—	$	—	$	—