XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 30, 2020
May 25, 2019
Operating activities    
Net income $ 22,273 $ 41,445
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,607 5,754
Amortization of deferred financing costs and debt discount 2,312 1,001
Stock compensation expense 5,945 3,922
Loss on fair value change of contingent consideration - TRA liability 0 533
Gain on settlement of TRA liability 0 (1,534)
Unrealized (gain) loss on foreign currency transactions 596 421
Deferred income taxes 8,055 9,841
Loss on disposal of property and equipment 0 6
Amortization of operating lease right-of-use asset 2,702 0
Other operating activities 229 0
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 6,407 (6,388)
Inventories (2,636) (11,700)
Prepaid expenses (351) (1,258)
Other current assets (7,865) (253)
Accounts payable (11,561) 6,284
Accrued interest (406) 896
Accrued expenses and other current liabilities (10,496) 3,698
Other assets and liabilities (2,711) (39)
Net cash provided by operating activities 24,100 52,629
Investing activities    
Purchases of property and equipment (766) (777)
Issuance of notes receivable (1,250) 0
Acquisition of business, net of cash acquired (982,084) 0
Payments to Acquire Intangible Assets (206) 0
Net cash used in investing activities (984,306) (777)
Financing activities    
Proceeds from option exercises 931 518
Issuance of common stock (84) (9)
Payments of finance lease obligations (272) 0
Cash received from warrant exercises 0 113,464
Repurchase of common stock 0 (1,664)
Payment of TRA liability 0 26,468
Payments of Financing Costs (8,208) 0
Principal payments of long-term debt (21,000) (1,500)
Proceeds from Issuance of Common Stock 352,542 0
Payments of Stock Issuance Costs (3,323) 0
Proceeds from Issuance of Long-term Debt 460,000 0
Proceeds from Lines of Credit 25,000 0
Net cash provided by financing activities 805,586 84,341
Net (decrease) increase in cash (154,620) 136,193
Cash and cash equivalents    
Effect of exchange rate on cash (587) (546)
Cash at beginning of period 266,341 111,971
Cash and cash equivalents at end of period 111,134 247,618
Supplemental disclosures of cash flow information    
Cash paid for interest 21,976 8,136
Cash paid for taxes 4,647 3,759
Operating lease right-of-use assets recognized at ASU 2016-02 transition 5,102 0
Finance lease right-of-use assets recognized at ASU 2016-02 transition 1,185 0
Operating lease right-of-use assets recognized after ASU 2016-02 transition 3,745 0
Non-cash additions to property and equipment $ 374 $ 0