XML 50 R39.htm IDEA: XBRL DOCUMENT v3.23.4
Segment Reporting (Tables)
3 Months Ended
Nov. 25, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The Company refers to the U.S. and Canadian Rental and Cleaning, MFG, and Corporate reporting segments combined as its “Core Laundry Operations,” which is included as a subtotal in the following table (in thousands):

 

 

 

Thirteen Weeks Ended

 

 

 

November 25, 2023

 

 

November 26, 2022

 

Revenues

 

 

 

 

 

 

U.S. and Canadian Rental and Cleaning

 

$

510,942

 

 

$

462,824

 

MFG

 

 

85,039

 

 

 

77,511

 

Net intercompany MFG elimination

 

 

(85,039

)

 

 

(77,511

)

Corporate

 

 

13,047

 

 

 

14,574

 

Subtotal: Core Laundry Operations

 

 

523,989

 

 

 

477,398

 

Specialty Garments

 

 

44,669

 

 

 

44,079

 

First Aid

 

 

24,867

 

 

 

20,321

 

    Total consolidated revenues

 

$

593,525

 

 

$

541,798

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

U.S. and Canadian Rental and Cleaning

 

$

85,646

 

 

$

82,645

 

MFG

 

 

24,941

 

 

 

23,302

 

Net intercompany MFG elimination

 

 

(4,481

)

 

 

(6,783

)

Corporate

 

 

(64,015

)

 

 

(65,333

)

Subtotal: Core Laundry Operations

 

 

42,091

 

 

 

33,831

 

Specialty Garments

 

 

12,117

 

 

 

10,183

 

First Aid

 

 

(1,071

)

 

 

(596

)

    Total consolidated operating income

 

$

53,137

 

 

$

43,418

 

 

 

 

 

 

 

 

Other (income) expense:

 

 

 

 

 

 

    Interest income, net

 

$

(2,834

)

 

$

(2,769

)

    Other expense, net

 

 

716

 

 

 

791

 

Total consolidated other income, net

 

$

(2,118

)

 

$

(1,978

)

Total consolidated income before income taxes

 

$

55,255

 

 

$

45,396