Other Non-operating (Income) Expense

12 Months Ended

Aug. 26, 2022

Nonoperating Income (Expense) [Abstract]

Other Non-operating (Income) Expense

Other Non-operating (Income) Expense

Year ended	August 26, 2022		August 27, 2021		August 28, 2020
Foreign currency losses	$	4,728	$	719	$	3,408
Loss on extinguishment of debt	653		—		6,822
Loss from remeasurement of Capped Calls	—		—		7,719
Other	(544)		(1,094)		(979)
	$	4,837	$	(375)	$	16,970

Foreign currency losses relate primarily to our Brazil operating subsidiaries.

In the second quarter of 2020, we used $208.7 million from the net proceeds from the offering of the 2026 Notes to repay in full our then-outstanding term loans, including the payment of accrued interest, premiums, related fees and expenses. Related unamortized debt discounts and issuance costs of $4.6 million were charged to operations in connection with the extinguishment. As a result, we recognized a loss on the extinguishment of debt of $6.6 million. In the third quarter of 2020, we restructured a credit agreement and recognized debt extinguishment losses of $0.2 million.

The loss from remeasurement of our Capped Calls resulted from the reclassification of the Capped Calls from a noncurrent derivative asset to additional paid in capital in an amount equal to their fair value as of March 30, 2020. See “Equity.”