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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 25, 2024
May 27, 2023
Cash flows from operating activities:    
Net income $ 100,839 $ 76,043
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization [1] 103,453 88,115
Share-based compensation 7,145 6,874
Accretion on environmental contingencies 948 777
Accretion on asset retirement obligations 721 690
Deferred income taxes 4,048 11,709
Other 1,061 16
Changes in assets and liabilities, net of acquisitions:    
Receivables, less reserves (5,288) (22,148)
Inventories (13,101) 2,110
Rental merchandise in service 5,308 (19,544)
Prepaid expenses and other current assets and Other assets (11,518) 67
Accounts payable (5,118) 3,492
Accrued liabilities (3,212) (13,152)
Prepaid and accrued income taxes 7,726 7,758
Net cash provided by operating activities 193,012 142,807
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (203) (306,192)
Capital expenditures, including capitalization of software costs (121,937) (124,067)
Purchases of investments (24,581) (117,012)
Maturities of investments 21,679 107,000
Proceeds from sale of assets 749 517
Net cash used in investing activities (124,293) (439,754)
Cash flows from financing activities:    
Payment of deferred financing costs 0 (851)
Borrowings under line of credit 0 80,000
Repayments under line of credit 0 (80,000)
Proceeds from exercise of share-based awards 3 3
Taxes withheld and paid related to net share settlement of equity awards (2,731) (2,850)
Repurchase of Common Stock (15,962) 0
Payment of cash dividends (17,436) (16,527)
Net cash used in financing activities (36,126) (20,225)
Effect of exchange rate changes 210 76
Net increase (decrease) in cash and cash equivalents 32,803 (317,096)
Cash and cash equivalents at beginning of period 79,443 376,399
Cash and cash equivalents at end of period 112,246 59,303
Supplemental disclosure of cash flow information:    
Non-cash capital expenditures $ 6,010 $ 10,761
[1] Depreciation and amortization for the thirty-nine weeks ended May 25, 2024 and May 27, 2023 included approximately $13.9 million and $9.8 million, respectively, of non-cash amortization expense recognized on acquisition-related intangible assets.