Cash, Cash Equivalents and Restricted Cash

9 Months Ended

May 31, 2022

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within our consolidated balance sheets that aggregate to the total of the same such amounts shown in the consolidated statements of cash flows:


	November 18, 2020
	(In thousands)
Cash and cash equivalents	$	14,874
Restricted cash and cash equivalents	6,651
Total cash and cash equivalents shown in the statement of cash flows	$	21,525

Restricted cash and cash equivalents as of May 31, 2022 and August 25, 2021 was $3.8 million and $5.5 million., respectively. Amounts included in restricted cash at May 31, 2022 represent those required to be set aside for (1) collateral for a letter of credit required to guarantee payment to our largest food vendor, (2) collateral for letters of credit issued for potential insurance obligations, which letters of credit expire within 12 months and (3) prefunding of the credit limit under our corporate purchasing card program. Restricted cash at August 25, 2021 also included the estimated amount of interest payable in the next 12 months under the Credit Agreement (see Note 10. Debt) that was released during the first quarter of fiscal 2022 when all amounts due under the Credit Agreement were paid and the Credit Agreement was terminated.