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Commitments and Contingencies (Tables)
6 Months Ended
Feb. 24, 2024
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 twenty-six weeks ended February 24, 2024:

 

(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

 

$

13,209

 

 

 

 

Operating cash flow impacts:

 

 

 

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

 

$

10,234

 

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

 

$

15,525

 

Weighted-average remaining lease term - operating leases

 

 

5.15

 

Weighted-average discount rate - operating leases

 

 

4.27

%

Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities

The contractual future minimum lease payments of the Companys operating lease liabilities by fiscal year as of February 24, 2024 are as follows (in thousands):

 

2024 (remaining six months)

 

$

11,389

 

2025

 

 

18,672

 

2026

 

 

15,745

 

2027

 

 

12,104

 

2028

 

 

8,579

 

Thereafter

 

 

12,924

 

   Total payments

 

 

79,413

 

Less interest

 

 

(7,635

)

   Total present value of lease payments

 

$

71,778

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for the twenty-six weeks ended February 24, 2024 were as follows (in thousands):

 

 

February 24, 2024

 

Balance as of August 26, 2023

 

$

30,029

 

Costs incurred for which reserves have been provided

 

 

(1,393

)

Insurance proceeds

 

 

106

 

Interest accretion

 

 

632

 

Changes in discount rates

 

 

(120

)

Revisions in estimates

 

 

722

 

Balance as of February 24, 2024

 

$

29,976

 

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 February 24, 2024, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below.

(In thousands)

 

2024

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

Thereafter

 

 

Total

 

Estimated costs – current dollars

 

$

13,517

 

 

$

2,651

 

 

$

1,442

 

 

$

1,270

 

 

$

972

 

 

$

14,617

 

 

$

34,469

 

Estimated insurance proceeds

 

 

(180

)

 

 

(195

)

 

 

(159

)

 

 

(173

)

 

 

(9

)

 

 

(230

)

 

 

(946

)

Net anticipated costs

 

$

13,337

 

 

$

2,456

 

 

$

1,283

 

 

$

1,097

 

 

$

963

 

 

$

14,387

 

 

$

33,523

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,856

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(13,403

)

Balance as of February 24, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

29,976