Income Taxes (Tables)

12 Months Ended

Aug. 27, 2022

Income Tax Disclosure [Abstract]

Components of Provision / (Benefit) for Income Taxes

The provision / (benefit) for income taxes consists of the following (in thousands):

Fiscal year	2022		2021			2020
Current:
Federal	$	7,655	$	35,267		$	40,084
Foreign		1,839		1,714			1,589
State		3,701		9,873			12,865
Total current	$	13,195	$	46,854		$	54,538
Deferred:
Federal	$	13,883	$	(1,421	)	$	(8,522	)
Foreign		180		848			(599	)
State		3,663		(521	)		(3,299	)
Total deferred	$	17,726	$	(1,094	)	$	(12,420	)
Total	$	30,921	$	45,760		$	42,118

Reconciliation of Provision for Income Taxes

The following table reconciles the provision for income taxes using the statutory federal income tax rate to the actual provision for income taxes:

Fiscal year	2022			2021			2020
Income taxes at the statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes		4.7			4.2			4.4
Adjustments to Tax Reserve		(2.1	)		(0.3	)		(0.9	)
Other		(0.6	)		(1.7	)		(0.8	)
Total		23.0	%		23.2	%		23.7	%

Components of Deferred Income Taxes

The components of deferred income taxes included on the consolidated balance sheets are as follows (in thousands):

	August 27, 2022		August 28, 2021
Deferred Tax Assets
Payroll and benefit related	$	14,923	$	21,893
Insurance related		15,035		14,042
Environmental		8,212		8,408
Accrued expenses		8,170		10,134
Operating lease liabilities		11,471		9,214
Other		9,841		8,127
Total deferred tax assets	$	67,652	$	71,818
Deferred Tax Liabilities
Payroll and benefit related	$	20,588	$	19,474
Tax in excess of book depreciation		40,016		40,725
Purchased intangible assets		39,747		36,183
Rental merchandise in service		55,287		45,432
Operating lease right-of-use assets		11,111		8,984
Other		232		157
Total deferred tax liabilities		166,981		150,955
Net deferred tax liability	$	99,329	$	79,137

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

Balance at August 29, 2020	$	6,330
Additions based on tax positions related to the current year		637
Additions for tax positions of prior years		3,552
Reduction for tax positions of prior years		(287	)
Statute expirations		(911	)
Balance at August 28, 2021		9,321
Additions based on tax positions related to the current year		489
Additions for tax positions of prior years		107
Reduction for tax positions of prior years		(3,013	)
Statute expirations		(487	)
Balance at August 27, 2022	$	6,417