Income Taxes (Tables)

12 Months Ended

Aug. 27, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

Income tax expense consisted of the following:

	2022		2021		2020
Current
Federal	$	105,863	$	71,579	$	14,318
State	24,868		16,179		2,806
Total	130,731		87,758		17,124
Deferred
Federal	(5,553)		737		(790)
State	(1,092)		(2,916)		(500)
Total	(6,645)		(2,179)		(1,290)
Provision for income taxes	$	124,086	$	85,579	$	15,834

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory income tax rate to our effective income tax rate is as follows:

	2022		2021		2020
U.S. federal statutory rate	21.0	%	21.0	%	21.0	%
State taxes, net of federal benefit	3.5	%	3.3	%	1.9	%
Income tax credits	(0.5)	%	(0.6)	%	(2.5)	%
Nondeductible compensation	0.9	%	0.5	%	0.9	%
Tax-free and dividend income	(0.1)	%	(0.1)	%	(0.6)	%
Uncertain tax position settlements and adjustments	(0.1)	%	(0.1)	%	0.1	%
Other items	(0.6)	%	(0.7)	%	(0.3)	%
Effective tax provision rate	24.1	%	23.3	%	20.5	%

Schedule of Deferred Income Taxes

The tax effects of temporary differences that give rise to deferred income taxes were as follows:

	August 27, 2022		August 28, 2021
Warranty reserves	$	30,690	$	22,450
Deferred compensation	2,978		5,224
Self-insurance reserve	4,884		4,336
Stock-based compensation	5,534		4,607
Leases	12,868		8,422
Other(1)	9,108		7,170
Total deferred tax assets	66,062		52,209
Convertible notes	1,993		2,608
Intangibles	39,493		39,940
Depreciation	19,036		15,161
Leases	11,648		7,929
Total deferred tax liabilities	72,170		65,638
Total deferred income tax liabilities, net	$	6,108	$	13,429

(1)    Other includes $113 and $400 related to state net operating losses as of August 27, 2022 and August 28, 2021, respectively. These net operating losses are subject to various expiration periods from 5 years to no expiration. We have evaluated all the positive and negative evidence and consider it more likely than not that these carryforwards can be realized before expiration.

Schedule of Unrecognized Tax Benefits

Changes in the unrecognized tax benefits are as follows:

	2022		2021		2020
Balance at beginning of year	$	5,537	$	5,830	$	2,822
Gross increases-tax positions in a prior year	—		—		2,486
Gross decreases-tax positions in a prior year	(1,156)		(872)		—
Gross increases-current year tax positions	610		579		522
Balance at end of year	4,991		5,537		5,830
Accrued interest and penalties	753		946		681
Total unrecognized tax benefits	$	5,744	$	6,483	$	6,511