Segment Reporting (Tables)

12 Months Ended

Aug. 31, 2024

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 tables (in thousands):

	Year ended
	2024			2023			2022
Revenues:
U.S. and Canadian Rental and Cleaning	$	2,083,059		$	1,907,765		$	1,733,088
MFG		315,159			297,752			281,112
Net intercompany MFG elimination		(315,159	)		(297,752	)		(281,112	)
Corporate		55,889			53,424			37,414
Subtotal: Core Laundry Operations		2,138,948			1,961,189			1,770,502
Specialty Garments		182,212			177,034			152,885
First Aid		106,271			94,824			77,435
Total consolidated revenues	$	2,427,431		$	2,233,047		$	2,000,822
Operating income (loss):
U.S. and Canadian Rental and Cleaning	$	331,031		$	293,171		$	289,018
MFG		95,072			88,292			64,884
Net intercompany MFG elimination		(9,707	)		(16,717	)		236
Corporate		(272,962	)		(266,080	)		(243,428	)
Subtotal: Core Laundry Operations		143,434			98,666			110,710
Specialty Garments		41,976			37,488			23,658
First Aid		(1,832	)		(2,551	)		(17	)
Total consolidated operating income	$	183,578		$	133,603		$	134,351
Other (income) expense:
Interest income, net	$	(7,242	)	$	(6,738	)	$	(2,851	)
Other expense, net		1,441			1,504			2,877
Total consolidated other (income) expense, net	$	(5,801	)	$	(5,234	)	$	26
Total consolidated income before income taxes	$	189,379		$	138,837		$	134,325

Depreciation and amortization:
U.S. and Canadian Rental and Cleaning	$	105,525	$	86,887	$	75,876
MFG		1,996		2,135		2,251
Net intercompany MFG elimination		—		—		—
Corporate		26,070		25,255		24,075
Subtotal: Core Laundry Operations		133,591		114,277		102,202
Specialty Garments		4,398		4,020		4,097
First Aid		3,443		2,936		2,478
Total consolidated depreciation and amortization	$	141,432	$	121,233	$	108,777
Capital Expenditures:
U.S. and Canadian Rental and Cleaning	$	144,807	$	159,058	$	135,725
MFG		547		78		255
Net intercompany MFG elimination		—		—		—
Corporate		—		—		—
Subtotal: Core Laundry Operations		145,354		159,136		135,980
Specialty Garments		11,894		8,818		7,122
First Aid		3,169		4,037		1,217
Total consolidated capital expenditures	$	160,417	$	171,991	$	144,319
Total Assets:
U.S. and Canadian Rental and Cleaning	$	2,468,973	$	2,347,895	$	2,206,608
MFG		32,075		34,655		35,748
Net intercompany MFG elimination		—		—		—
Corporate		—		—		—
Subtotal: Core Laundry Operations		2,501,048		2,382,550		2,242,356
Specialty Garments		148,001		127,057		135,406
First Aid		47,364		60,368		50,210
Total consolidated assets	$	2,696,413	$	2,569,975	$	2,427,972

Schedule of Long-lived Assets

The Company’s long-lived assets as of August 31, 2024 and August 26, 2023 and revenues and income before income taxes for fiscal 2024, 2023 and 2022 were attributed to the following countries (in thousands):

Long-lived assets as of:	August 31, 2024		August 26, 2023
U.S.	$	1,696,273	$	1,660,753
Europe, Canada, Mexico and Nicaragua (1)		84,463		69,104
Total	$	1,780,736	$	1,729,857

Schedule of Revenues and Income Before Income Taxes

Revenues for fiscal years:	2024		2023		2022
U.S.	$	2,237,295	$	2,054,601	$	1,831,089
Europe and Canada (1)		190,136		178,446		169,733
Total	$	2,427,431	$	2,233,047	$	2,000,822

Income before income taxes for fiscal years:	2024		2023		2022
U.S.	$	178,895	$	129,997	$	128,567
Europe, Canada, Mexico and Nicaragua (1)		10,484		8,840		5,758
Total	$	189,379	$	138,837	$	134,325

(1)No country other than the U.S. accounts for greater than 10% of total long-lived assets, revenues or income before income taxes.