Acquisitions

12 Months Ended

Aug. 30, 2025

Business Combination [Abstract]

Acquisitions

2. Acquisitions

Whenever the Company acquires a business, consistent with current accounting guidance, the results of operations of the acquisition are included in the Company’s consolidated financial results from the date of the acquisition. The amount assigned to intangible assets acquired is based on their respective fair values determined as of the acquisition date. The excess of the purchase price over the tangible and intangible assets is recorded as goodwill. Goodwill is allocated to the segment to which the acquisition relates and is deductible for tax purposes.

During fiscal 2025, the Company completed ten business acquisitions with an aggregate purchase price of approximately $13.9 million, including $12.0 million in the First Aid & Safety Solutions segment and $1.9 million in the Uniform & Facility Service Solutions segment. The purchase price was primarily allocated to goodwill and intangible assets, with tangible assets consisting mainly of inventory and property, plant and equipment. A portion of the total purchase price is subject to holdback arrangements, which are typically payable within a one-year period following the acquisition date and contingent upon the achievement of specified revenue targets. The operating results of these businesses have been included in the Company’s consolidated financial statements from their respective acquisition dates. As these acquisitions were not material to the Company’s consolidated results, pro forma financial information has not been presented.

During fiscal 2024, the Company did not complete any material business acquisitions.

Aggregate information relating to the acquisition of businesses which were accounted for as purchases is as follows (in thousands):

Year ended	August 30, 2025
Tangible assets acquired	$	1,088
Goodwill		8,935
Customer contracts		3,749
Other intangibles assets		217
Total consideration paid for acquisition of businesses		13,989
Contingent holdbacks		(2,078	)
Acquisition of businesses, net of contingent holdbacks	$	11,911