Long-Term Debt (Tables)

9 Months Ended

May 28, 2021

Debt Disclosure [Abstract]

Schedule of Carrying Value of Notes

The carrying value of the Notes is as follows (in thousands):

	May 28,			August 28,
	2021			2020
Principal	$	250,000		$	250,000
Unamortized debt discount		(43,009	)		(48,586	)
Unamortized issuance costs		(5,171	)		(5,841	)
Net carrying amount	$	201,820		$	195,573

Schedule of Interest Expense Recognized Related to Notes

The following table sets forth the total interest expense recognized related to the Notes (in thousands):

	Three Months Ended				Nine Months Ended
	May 28, 2021		May 29, 2020		May 28, 2021		May 29, 2020
Contractual interest expenses	$	1,438	$	1,391	$	4,219	$	1,688
Amortization of debt discount		1,864		1,707		5,577		2,106
Amortization of debt issuance costs		224		247		670		253
Total interest cost recognized	$	3,526	$	3,345	$	10,466	$	4,047

Summary of Convertible Senior Notes, due 2026, Seller Note, due 2023, FINEP Credit Agreement and ABL Credit Agreement

The Convertible Senior Notes, due 2026, Purchase Price Note, due 2023, FINEP Credit Agreement and ABL Credit Agreement are classified as follows in the accompanying consolidating balance sheets (in thousands):

	May 28,			August 28,
	2021			2020
Notes	$	250,000		$	250,000
Purchase price note		125,000			—
FINEP loan		11,228			—
Unamortized debt discount		(43,010	)		(48,586	)
Unamortized debt issuance costs		(5,171	)		(5,841	)
Long-term debt	$	338,047		$	195,573

Summary of Future Minimum Principal Payments

The future minimum principal payments under the Notes, FINEP Credit Agreement and Purchase Price Note as of May 28, 2021 are (in thousands):

	Notes		Purchase Price Note		FINEP		TOTAL
Fiscal year ending August:
Remainder of fiscal 2021	$	—	$	—	$	—	$	—
2022		—		—		335		335
2023		—		125,000		2,011		127,011
2024		—		—		2,011		2,011
2025		—		—		2,011		2,011
2026		250,000		—		2,011		252,011
2027		—		—		2,011		2,011
2028		—		—		838		838
Total	$	250,000	$	125,000	$	11,228	$	386,228