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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 27, 2021
Aug. 28, 2021
Current assets    
Cash and cash equivalents $ 211,384 $ 434,563
Receivables, less allowance for doubtful accounts ($275 and $307, respectively) 263,677 253,808
Inventories, net 432,825 341,473
Prepaid expenses and other current assets 21,701 29,069
Total current assets 929,587 1,058,913
Property, plant, and equipment, net 224,129 191,427
Goodwill 484,176 348,058
Other intangible assets, net 493,635 390,407
Investment in life insurance 29,027 28,821
Operating lease assets 27,747 28,379
Other long-term assets 18,060 16,562
Total assets 2,206,361 2,062,567
Current liabilities    
Accounts payable 166,848 180,030
Income taxes payable 29,223 8,043
Accrued expenses:    
Accrued compensation 48,909 67,541
Product warranties 102,424 91,222
Self-insurance 20,952 19,296
Promotional 9,965 10,040
Accrued interest and dividends 8,014 10,720
Other current liabilities 40,768 20,384
Total current liabilities 427,103 407,276
Long-term debt, net 532,739 528,559
Deferred income taxes 13,247 13,429
Unrecognized tax benefits 6,667 6,483
Long-term operating lease liabilities 26,368 26,745
Deferred compensation benefits, net of current portion 9,775 9,550
Other long-term liabilities 31,204 13,582
Total liabilities 1,047,103 1,005,624
Contingent liabilities and commitments (Note 11)
Shareholders' equity:    
Preferred stock, par value $0.01: 10,000 shares authorized; Zero shares issued and outstanding 0 0
Common stock, par value $0.50: 120,000 shares authorized; 51,776 shares issued and outstanding 25,888 25,888
Additional paid-in capital 233,727 218,490
Retained earnings 1,272,697 1,172,996
Accumulated other comprehensive loss (482) (491)
Treasury stock, at cost: 18,476 and 18,713 shares, respectively (372,572) (359,940)
Total shareholders' equity 1,159,258 1,056,943
Total liabilities and shareholders' equity $ 2,206,361 $ 2,062,567