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Revenue Recognition (Tables)
3 Months Ended
Nov. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Total Revenue Disaggregated by Service Type

The following table presents the Company’s revenues for the thirteen weeks ended November 30, 2024 and November 25, 2023, respectively, disaggregated by service type:

 

 

 

Thirteen Weeks Ended

 

 

 

November 30, 2024

 

 

November 25, 2023

 

(In thousands, except percentages)

 

Revenues

 

 

% of
Revenues

 

 

Revenues

 

 

% of
Revenues

 

Core Laundry Operations

 

$

532,743

 

 

 

88.1

%

 

$

523,989

 

 

 

88.3

%

Specialty Garments

 

 

45,943

 

 

 

7.6

%

 

 

44,669

 

 

 

7.5

%

First Aid

 

 

26,222

 

 

 

4.3

%

 

 

24,867

 

 

 

4.2

%

Total revenues

 

$

604,908

 

 

 

100.0

%

 

$

593,525

 

 

 

100.0

%

Schedule of Change in Allowance for Credit Losses

The following table presents the change in the allowance for credit losses, which is included in Receivables, net of reserves on the Consolidated Balance Sheets as of November 30, 2024 are as follows:

 

(In thousands)

 

November 30, 2024

 

Beginning balance

 

$

7,916

 

Current period provision

 

 

1,716

 

Write-offs and other

 

 

(1,827

)

Ending balance

 

$

7,805

 

 

Schedule of Deferred Commissions

The following table presents deferred commissions on the Company's Consolidated Balance Sheets as of November 30, 2024 and August 31, 2024 are as follows:

 

(in thousands)

 

November 30, 2024

 

 

August 31, 2024

 

Prepaid expenses and other current assets

 

$

18,528

 

 

$

18,079

 

Other assets

 

 

81,234

 

 

 

78,856

 

Schedule of Amortization Expense Related to Deferred Commissions

The following table presents the Company's amortization expense related to deferred commissions on the Consolidated Statements of Income for the thirteen weeks ended November 30, 2024 and November 25, 2023 are as follows:

 

 

 

Thirteen Weeks Ended

 

(in thousands)

 

November 30, 2024

 

 

November 25, 2023

 

Selling and administrative expenses

 

$

4,773

 

 

$

4,300