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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 30, 2020
May 25, 2019
May 30, 2020
May 25, 2019
Income Statement [Abstract]        
Net sales $ 215,101 $ 139,468 $ 594,355 $ 384,199
Cost of goods sold 126,475 82,811 358,129 225,967
Gross profit 88,626 56,657 236,226 158,232
Operating expenses:        
Selling and marketing 24,510 17,550 69,985 47,598
General and administrative 28,713 15,947 74,961 41,677
Depreciation and amortization 4,248 1,892 10,988 5,643
Business transaction costs 47 758 26,900 2,087
Loss in fair value change of contingent consideration - TRA liability 0 0 0 533
Total operating expenses 57,518 36,147 182,834 97,538
Income from operations 31,108 20,510 53,392 60,694
Other (expense) income:        
Interest income 29 1,066 1,493 2,731
Interest expense (8,324) (3,428) (23,882) (10,033)
Gain on settlement of TRA liability 0 0 0 1,534
Loss on foreign currency transactions (418) (153) (596) (421)
Other income 59 55 104 176
Total other expense (8,654) (2,460) (22,881) (6,013)
Income before income taxes 22,454 18,050 30,511 54,681
Income tax expense 6,045 4,584 8,238 13,236
Net income 16,409 13,466 22,273 41,445
Other comprehensive income:        
Foreign currency translation adjustments 61 (254) (80) (291)
Comprehensive income $ 16,470 $ 13,212 $ 22,193 $ 41,154
Earnings per share from net income:        
Basic (in dollars per share) $ 0.17 $ 0.16 $ 0.24 $ 0.52
Diluted (in dollars per share) $ 0.17 $ 0.16 $ 0.23 $ 0.49
Weighted average shares outstanding:        
Basic (in shares) 95,378,495 81,898,276 93,475,539 80,362,978
Diluted (in shares) 98,322,316 85,962,151 97,933,550 84,695,703