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Commitments and Contingencies (Tables)
12 Months Ended
Aug. 26, 2023
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 fiscal 2023, 2022 and 2021:

 

(In thousands, except lease term and discount rate)

 

2023

 

2022

 

2021

 

Lease cost:

 

 

 

 

 

 

 

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

 

$

22,303

 

$

20,284

 

$

19,329

 

 

 

 

 

 

 

 

Operating cash flow impacts:

 

 

 

 

 

 

 

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

 

$

16,710

 

$

15,123

 

$

13,629

 

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

 

$

23,076

 

$

21,391

 

$

13,592

 

Operating lease right-of-use assets acquired in business combination

 

$

4,167

 

$

 

$

 

Weighted-average remaining lease term - operating leases

 

4.48

 

4.66

 

4.09

 

Weighted-average discount rate - operating leases

 

 

3.55

%

 

2.24

%

 

2.28

%

 

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 as of August 26, 2023 are as follows (in thousands):

2024

 

$

19,629

 

2025

 

 

16,078

 

2026

 

 

12,956

 

2027

 

 

9,747

 

2028

 

 

6,416

 

Thereafter

 

 

6,618

 

Total payments

 

 

71,444

 

Less interest

 

 

6,685

 

Total present value of lease payments

 

$

64,759

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for fiscal 2023 and 2022 were as follows (in thousands):

Year ended

 

August 26,
2023

 

 

August 27,
2022

 

Beginning balance

 

$

32,191

 

 

$

32,859

 

Costs incurred for which reserves have been provided

 

 

(1,936

)

 

 

(2,188

)

Insurance proceeds

 

 

147

 

 

 

135

 

Interest accretion

 

 

1,036

 

 

 

596

 

Changes in discount rates

 

 

(2,446

)

 

 

(3,235

)

Revisions in estimates

 

 

1,037

 

 

 

4,024

 

Ending balance

 

$

30,029

 

 

$

32,191

 

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 August 26, 2023, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below (in thousands):

Fiscal year ended August

 

2024

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

Thereafter

 

 

Total

 

Estimated costs—current dollars

 

$

14,049

 

 

$

2,651

 

 

$

1,442

 

 

$

1,270

 

 

$

972

 

 

$

14,617

 

 

$

35,001

 

Estimated insurance proceeds

 

 

(180

)

 

 

(195

)

 

 

(159

)

 

 

(173

)

 

 

(9

)

 

 

(230

)

 

 

(946

)

Net anticipated costs

 

$

13,869

 

 

$

2,456

 

 

$

1,283

 

 

$

1,097

 

 

$

963

 

 

$

14,387

 

 

$

34,055

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,227

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(13,253

)

Balance as of August 26, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,029