Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 26, 2023

Accounting Policies [Abstract]

Schedule of Total Revenue Disaggregated by Service Type

The following table presents the Company’s revenues for fiscal 2023, 2022, and 2021 disaggregated by service type:

	Years ended
	August 26, 2023					August 27, 2022					August 28, 2021
(In thousands, except percentages)	Revenues		% of Revenues			Revenues		% of Revenues			Revenues		% of Revenues
Core Laundry Operations	$	1,961,189		87.8	%	$	1,770,502		88.5	%	$	1,615,560		88.5	%
Specialty Garments		177,034		8.0	%		152,885		7.6	%		145,454		8.0	%
First Aid		94,824		4.2	%		77,435		3.9	%		65,202		3.5	%
Total Revenues	$	2,233,047		100.0	%	$	2,000,822		100.0	%	$	1,826,216		100.0	%

Schedule of Components of Inventory

The components of inventory as of August 26, 2023 and August 27, 2022 were as follows (in thousands):

	August 26, 2023		August 27, 2022
Raw materials	$	25,147	$	25,932
Work in process		4,444		2,876
Finished goods		118,743		122,651
Total inventory	$	148,334	$	151,459

Schedule of Components of Property, Plant and Equipment

The components of property, plant and equipment as of August 26, 2023 and August 27, 2022 were as follows (in thousands):

	August 26, 2023		August 27, 2022
Land, buildings and leasehold equipment	$	744,085	$	663,089
Machinery and equipment		676,490		622,168
Motor vehicles		331,537		308,242
		1,752,112		1,593,499
Less: accumulated depreciation		995,572		928,380
Total property, plant and equipment	$	756,540	$	665,119

Schedule of Useful Lives of Property, Plant and Equipment

The Company provides for depreciation on the straight-line method based on the date the asset is placed in service using the following estimated useful lives:

Buildings (in years)	30  — 40
Building components (in years)	10  — 20
Leasehold improvements	Shorter of useful life or term of lease
Machinery and equipment (in years)	3  — 10
Motor vehicles (in years)	3  — 5

Schedule of Computation of Basic Income Per Share

The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data):

Year ended	August 26, 2023		August 27, 2022		August 28, 2021
Net income available to shareholders	$	103,674	$	103,404	$	151,111
Allocation of net income for Basic:
Common Stock	$	87,104	$	86,844	$	126,848
Class B Common Stock		16,570		16,560		24,263
	$	103,674	$	103,404	$	151,111
Weighted average number of shares for Basic:
Common Stock		15,098		15,203		15,237
Class B Common Stock		3,590		3,621		3,643
		18,688		18,824		18,880
Income per share for Basic:
Common Stock	$	5.77	$	5.71	$	8.32
Class B Common Stock	$	4.62	$	4.57	$	6.66

Schedule of Computation of Diluted Income Per Share

The following table sets forth the computation of diluted income per share of Common Stock for the years ended August 26, 2023, August 27, 2022 and August 28, 2021 (in thousands, except per share data):

	Year Ended August 26, 2023						Year Ended August 27, 2022						Year Ended August 28, 2021
	Earnings to Common shareholders		Common Shares		Income Per Share		Earnings to Common shareholders		Common Shares		Income Per Share		Earnings to Common shareholders		Common Shares		Income Per Share
As reported—Basic	$	87,104		15,098	$	5.77	$	86,844		15,203	$	5.71	$	126,848		15,237	$	8.32
Add: effect of dilutive potential    common shares
Share-Based Awards		—		74				—		109				—		158
Class B Common Stock		16,570		3,590				16,560		3,621				24,263		3,643
Diluted Income Per Share—    Common Stock	$	103,674		18,762	$	5.53	$	103,404		18,933	$	5.46	$	151,111		19,038	$	7.94