SEGMENT REPORTING

12 Months Ended

Aug. 30, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company operates in one operating and reportable segment which aligns with the Company’s go to market strategy as a leading North American distributor of a broad range of industrial products and services. The Company serves a large number of customers in diverse industries through the sale of products and services in categories such as metalworking, MRO, Class C Consumables and OEM. Substantially all of the Company's revenues and long-lived assets are from or in the United States. In accordance with FASB ASU 2023-07, operating segments are sections of the business with separate financial information that is regularly reviewed by the chief operating decision maker ("CODM") in assessing

company performance and allocation of resources. The Company's CODM duties are shared by our Chief Executive Officer and President & Chief Operating Officer. The CODM regularly reviews consolidated operating margin and net income to assess Company performance, drive growth, and allocate resources to strategic priorities. The CODM reviews total assets at the consolidated level to make significant capital expenditure decisions for the Company.

The following table presents selected financial information regarding the Company's single reportable segment for fiscal years 2025, 2024, and 2023:

	For the Fiscal Years Ended
	August 30, 2025		August 31, 2024		September 2, 2023
Net sales	$	3,769,521	$	3,820,951	$	4,009,282
Cost of goods sold	2,233,386		2,248,168		2,366,317
Payroll and payroll-related costs	697,672		655,311		646,193
Freight expense	150,501		148,523		156,844
Depreciation and amortization	88,388		80,522		74,731
Restructuring and other costs	10,999		14,526		7,937
Other segment items (1)	287,012		283,514		273,527
Income from operations	301,563		390,387		483,733
Operating Margin	8.0%		10.2%		12.1%
Other Income (Expense)
Interest expense	(24,063)		(25,770)		(22,543)
Interest income	1,130		412		1,034
Other expense, net (2)	(15,052)		(22,280)		(6,068)
Income before provision for income taxes	263,578		342,749		456,156
Provision for income taxes	65,742		86,792		113,049
Net income	$	197,836	$	255,957	$	343,107

(1) Other Segment Items consists primarily of professional fees, software and hardware costs, auto expenses, advertising expenses, stock-based compensation and other selling, general, and administrative expenses

(2) Other expense, net is primarily composed of fees related to the Company's securitization agreement.