XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Income Statement [Abstract]    
Net revenues $ 793,131 $ 588,458
Cost of goods sold 656,127 509,845
Gross profit 137,004 78,613
Selling, general, and administrative expenses 48,399 51,105
Amortization of intangible assets 3,590 3,614
Total operating expenses 51,989 54,719
Operating income 85,015 23,894
Interest expense 9,941 6,049
Non-operating loss (income) 94 (116)
Income before income taxes 74,980 17,961
Provision for income taxes 17,557 3,893
Net income $ 57,423 $ 14,068
Income per common share:    
Basic (in dollars per share) $ 1.71 $ 0.44
Diluted (in dollars per share) $ 1.70 $ 0.44
Weighted average common shares outstanding:    
Basic (in shares) 33,609 32,067
Diluted (in shares) 33,839 32,267
Net income $ 57,423 $ 14,068
Other comprehensive income (loss):    
Amortization of net actuarial loss (net of tax of $3 and $3) (9) (8)
Interest rate swap activity (net of tax of $— and $22) 0 (68)
Total other comprehensive income (loss) 9 (60)
Comprehensive income $ 57,432 $ 14,008