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Commitments and Contingencies (Tables)
12 Months Ended
Aug. 29, 2020
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 fifty-two weeks ended August 29, 2020:

 

(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

 

$

18,125

 

 

 

 

 

 

Operating cash flow impacts

 

 

 

 

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

 

$

13,048

 

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

 

$

7,407

 

Weighted-average remaining lease term - operating leases

 

4.3

 

Weighted-average discount rate - operating leases

 

 

2.76

%

Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities  The contractual future minimum lease payments of the Company's operating lease liabilities by fiscal year are as follows as of August 29, 2020:

 

 

(In thousands)

 

 

 

 

2021

 

$

13,458

 

2022

 

 

10,581

 

2023

 

 

7,692

 

2024

 

 

5,314

 

2025

 

 

3,288

 

Thereafter

 

 

3,895

 

Total payments

 

 

44,228

 

Less interest

 

 

2,380

 

Total present value of lease payments

 

$

41,848

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for fiscal 2020 and 2019 were as follows (in thousands):

 

Year ended

 

August 29,

2020

 

 

August 31,

2019

 

Beginning balance

 

$

27,718

 

 

$

25,486

 

Costs incurred for which reserves have been provided

 

 

(1,160

)

 

 

(1,079

)

Insurance proceeds

 

 

111

 

 

 

143

 

Interest accretion

 

 

537

 

 

 

755

 

Changes in discount rates

 

 

1,133

 

 

 

2,239

 

Revisions in estimates

 

 

2,363

 

 

 

174

 

Ending balance

 

$

30,702

 

 

$

27,718

 

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 August 29, 2020, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below.

 

(In thousands)

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

Estimated costs—current dollars

 

$

11,368

 

 

$

2,668

 

 

$

1,371

 

 

$

1,073

 

 

$

1,076

 

 

$

11,852

 

 

$

29,408

 

Estimated insurance proceeds

 

 

(197

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(521

)

 

 

(1,382

)

Net anticipated costs

 

$

11,171

 

 

$

2,509

 

 

$

1,198

 

 

$

914

 

 

$

903

 

 

$

11,331

 

 

$

28,026

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,251

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,575

)

Balance as of August 29, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,702