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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 29, 2020
Aug. 30, 2019
Current assets:    
Cash and cash equivalents $ 131,845 $ 98,139
Accounts receivable, net of allowances of $217 and $184 as of May 29, 2020 and August 30, 2019, respectively 223,211 217,433
Inventories [1] 180,554 118,738
Prepaid expenses and other current assets 31,496 37,950
Total current assets 567,106 472,260
Property and equipment, net 53,760 68,345
Operating lease right-of-use assets 26,289  
Other noncurrent assets 12,609 12,784
Intangible assets, net 59,085 69,325
Goodwill 73,451 81,423
Total assets 792,300 704,137
Current liabilities:    
Accounts payable 245,774 164,866
Accrued liabilities 59,878 48,980
Current portion of long-term debt 608 24,054
Total current liabilities 306,260 237,900
Long-term debt 193,547 182,450
Long-term operating lease liabilities 21,847  
Other long-term liabilities 6,127 10,327
Total liabilities 527,781 430,677
Commitments and contingencies (see Note 10)
Shareholders’ equity:    
Ordinary shares, $0.03 par value. Authorized 200,000 shares; issued and outstanding 24,144 and 23,617 as of May 29, 2020 and August 30, 2019, respectively 728 712
Additional paid-in capital 342,476 285,994
Accumulated other comprehensive loss (234,634) (177,866)
Retained earnings 155,949 164,620
Total shareholders’ equity 264,519 273,460
Total liabilities and shareholders’ equity $ 792,300 $ 704,137
[1] As of May 29, 2020 and August 30, 2019, 16% and 25%, respectively, of total inventories represented inventory held under the Company's supply chain services.