Long-Term Debt and Line of Credit (Tables)

9 Months Ended

May 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt consists of the following:

(In thousands)	May 30, 2020		August 31, 2019
Term Facility (effective rate of 4.8% at May 30, 2020)	$	635,500	$	196,500
Revolving Credit Facility (effective rate of 4.2% at May 30, 2020)	25,000		—
Finance lease liabilities (effective rate of 5.6% at May 30, 2020)	987		—
Less: Deferred financing fees	11,467		5,565
Total debt	650,020		190,935
Less: Current maturities, net of deferred financing fees of $0.0 million at May 30, 2020 and $1.3 million at August 31, 2019	25,000		676
Less: Current finance lease liabilities	268		—
Long-term debt, net of deferred financing fees	$	624,752	$	190,259