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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Operating activities:    
Net income $ 57,423 $ 14,068
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 4,160 3,586
Amortization of intangible assets 3,590 3,614
Non-cash interest expense, net 3,351 1,023
Amortization of debt issuance costs 606 760
Last-in, first-out expense 276 332
Stock-based compensation 2,354 1,583
Deferred income taxes 872 731
Other, net (3,329) 65
Change in assets and liabilities:    
Receivables (10,380) 27,906
Inventories (80,472) 20,082
Prepaid expenses and other assets 583 (84)
Accounts payable (8,371) (4,214)
Income taxes and unrecognized tax benefits 16,556 3,217
Accrued expenses and other liabilities 10,111 6,364
Net cash (used in) provided by operating activities (2,670) 79,033
Investing activities:    
Purchases of property and equipment (8,689) (6,624)
Acquisition of business, net of cash acquired 0 (264,280)
Proceeds from sale of property and equipment 7,775 0
Other, net (234) 243
Net cash used in investing activities (1,148) (270,661)
Financing activities:    
Borrowings on long-term debt 798,359 903,292
Repayments on long-term debt (798,359) (603,292)
Purchase of convertible bond hedge 0 (70,800)
Proceeds from issuance of warrants 0 42,210
Payments of cash dividends (4,046) (3,469)
Payments for repurchases of common stock (11,606) (1,663)
Payments of debt issuance costs 0 (10,707)
Other, net (166) (46)
Net cash (used in) provided by financing activities (15,818) 255,525
Net (decrease) increase in cash and cash equivalents (19,636) 63,897
Cash and cash equivalents at beginning of period 292,575 37,431
Cash and cash equivalents at end of period 272,939 101,328
Supplement cash flow disclosure:    
Income taxes received, net (195) (311)
Interest paid 2,377 5,193
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 0 92,572
Capital expenditures in accounts payable $ 613 $ 2,063