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Commitments and Contingencies (Tables)
9 Months Ended
May 28, 2022
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Information Related to Operating Lease Right-of-use Assets, Net and Operating Lease Liabilities

The following table presents the operating lease cost and information related to the operating lease right-of-use assets, net and operating lease liabilities for the thirty-nine weeks ended May 28, 2022:

 

(In thousands, except lease term and discount rate)

 

 

 

Lease cost

 

 

 

Operating lease costs including short-term lease expense and variable lease costs, which were immaterial in the period

 

$

16,199

 

 

 

 

 

Operating cash flow impacts

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

3,444

 

Operating lease right-of-use assets obtained in exchange for new operating lease liabilities

 

$

17,565

 

Weighted-average remaining lease term - operating leases

 

4.13

 

Weighted-average discount rate - operating leases

 

 

1.94

%

Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities

The contractual future minimum lease payments of the Company's operating lease liabilities by fiscal year are as follows as of May 28, 2022:

 

(In thousands)

 

 

 

2022 (remaining three months)

 

$

3,618

 

2023

 

 

14,376

 

2024

 

 

11,373

 

2025

 

 

8,449

 

2026

 

 

6,490

 

Thereafter

 

 

8,128

 

Total payments

 

 

52,434

 

Less interest

 

 

(1,426

)

Total present value of lease payments

 

$

51,008

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for the thirty-nine weeks ended May 28, 2022 were as follows (in thousands):

 

 

 

May 28, 2022

 

Balance as of August 28, 2021

 

$

32,859

 

Revisions in estimates

 

 

 

Costs incurred for which reserves have been provided

 

 

(1,205

)

Insurance proceeds

 

 

100

 

Interest accretion

 

 

447

 

Changes in discount rates

 

 

(2,692

)

Balance as of May 28, 2022

 

$

29,509

 

Schedule of Anticipated Payments and Insurance Proceeds of Currently Identified Environmental Remediation Liabilities

Anticipated payments and insurance proceeds of currently identified environmental remediation liabilities as of May 28, 2022, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below.

 

(In thousands)

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

Thereafter

 

 

Total

 

Estimated costs – current dollars

 

$

11,285

 

 

$

2,530

 

 

$

2,080

 

 

$

1,366

 

 

$

1,129

 

 

$

12,712

 

 

$

31,102

 

Estimated insurance proceeds

 

 

(110

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(380

)

 

 

(1,154

)

Net anticipated costs

 

$

11,175

 

 

$

2,371

 

 

$

1,907

 

 

$

1,207

 

 

$

956

 

 

$

12,332

 

 

$

29,948

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,359

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,798

)

Balance as of May 28, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

29,509