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Commitments and Contingencies (Tables)
9 Months Ended
May 29, 2021
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 thirty-nine weeks ended May 29, 2021:

 

(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

 

$

14,328

 

 

 

 

 

 

Operating cash flow impacts

 

 

 

 

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

 

$

10,207

 

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

 

$

8,324

 

Weighted-average remaining lease term - operating leases

 

4.26

 

Weighted-average discount rate - operating leases

 

 

2.35

%

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 May 29, 2021:

 

(In thousands)

 

 

 

 

2021 (remaining three months)

 

$

3,577

 

2022

 

 

13,004

 

2023

 

 

9,435

 

2024

 

 

6,737

 

2025

 

 

4,428

 

Thereafter

 

 

5,663

 

Total payments

 

 

42,844

 

Less interest

 

 

(1,887

)

Total present value of lease payments

 

$

40,957

 

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for the thirty-nine weeks ended May 29, 2021 were as follows (in thousands):

 

 

May 29, 2021

 

Balance as of August 29, 2020

 

$

30,702

 

Revisions in estimates

 

 

(174

)

Costs incurred for which reserves have been provided

 

 

(1,016

)

Insurance proceeds

 

 

111

 

Interest accretion

 

 

336

 

Changes in discount rates

 

 

(1,865

)

Balance as of May 29, 2021

 

$

28,094

 

 

 

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 May 29, 2021, 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

 

$

10,178

 

 

$

2,668

 

 

$

1,371

 

 

$

1,073

 

 

$

1,076

 

 

$

11,852

 

 

$

28,218

 

Estimated insurance proceeds

 

 

(86

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(521

)

 

 

(1,271

)

Net anticipated costs

 

$

10,092

 

 

$

2,509

 

 

$

1,198

 

 

$

914

 

 

$

903

 

 

$

11,331

 

 

$

26,947

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,587

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,440

)

Balance as of May 29, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

28,094