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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 30, 2020
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 111,134 $ 266,341
Accounts receivable, net 64,440 44,240
Inventories 84,517 38,085
Prepaid expenses 4,662 2,882
Other current assets 16,387 6,059
Total current assets 281,140 357,607
Long-term assets:    
Property and equipment, net 11,916 2,456
Intangible assets, net 1,145,516 306,139
Goodwill 567,658 471,427
Other long-term assets 33,914 4,021
Total assets 2,040,144 1,141,650
Current liabilities:    
Accounts payable 29,301 15,730
Accrued interest 1,287 1,693
Accrued expenses and other current liabilities 31,914 29,933
Current maturities of long-term debt 25,268 676
Total current liabilities 87,770 48,032
Long-term liabilities:    
Long-term debt, less current maturities 624,752 190,259
Deferred income taxes 87,758 65,383
Other long-term liabilities 24,215 532
Total liabilities 824,495 304,206
See commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value, 600,000,000 shares authorized, 95,476,860 and 81,973,284 issued at May 30, 2020 and August 31, 2019, respectively 955 820
Treasury stock, 98,234 and 98,234 shares at cost at May 30, 2020 and August 31, 2019, respectively (2,145) (2,145)
Additional paid-in-capital 1,089,652 733,775
Retained earnings 128,103 105,830
Accumulated other comprehensive loss (916) (836)
Total stockholders’ equity 1,215,649 837,444
Total liabilities and stockholders’ equity $ 2,040,144 $ 1,141,650