Income Taxes (Tables)

12 Months Ended

Aug. 28, 2021

Income Tax Disclosure [Abstract]

Components of Provision / (Benefit) for Income Taxes

The provision / (benefit) for income taxes consists of the following (in thousands):

Fiscal year	2021			2020			2019
Current:
Federal	$	35,267		$	40,084		$	38,545
Foreign		1,714			1,589			(200	)
State		9,873			12,865			11,733
Total current	$	46,854		$	54,538		$	50,078
Deferred:
Federal	$	(1,421	)	$	(8,522	)	$	7,289
Foreign		848			(599	)		645
State		(521	)		(3,299	)		778
Total deferred	$	(1,094	)	$	(12,420	)	$	8,712
Total	$	45,760		$	42,118		$	58,790

Reconciliation of Provision for Income Taxes

The following table reconciles the provision for income taxes using the statutory federal income tax rate to the actual provision for income taxes:

Fiscal year	2021			2020			2019
Income taxes at the statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes		4.2			4.4			4.3
Other		(2.0	)		(1.7	)		(0.6	)
Total		23.2	%		23.7	%		24.7	%

Components of Deferred Income Taxes

The components of deferred income taxes included on the consolidated balance sheets are as follows (in thousands):

	August 28, 2021		August 29, 2020
Deferred Tax Assets
Payroll and benefit related	$	21,893	$	17,451
Insurance related		14,042		13,790
Environmental		8,408		7,856
Accrued expenses		10,134		6,270
Operating lease liabilities		9,214		8,720
Other		8,127		7,536
Total deferred tax assets	$	71,818	$	61,623
Deferred Tax Liabilities
Payroll and benefit related	$	19,474	$	17,722
Tax in excess of book depreciation		40,725		41,713
Purchased intangible assets		36,183		32,892
Rental merchandise in service		45,432		38,846
Operating lease right-of-use assets		8,984		8,952
Other		157		191
Total deferred tax liabilities		150,955		140,316
Net deferred tax liability	$	79,137	$	78,693

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

Balance at August 31, 2019	$	7,668
Additions based on tax positions related to the current year		475
Additions for tax positions of prior years		(1,389	)
Statute expirations		(424	)
Balance at August 29, 2020		6,330
Additions based on tax positions related to the current year		637
Additions for tax positions of prior years		3,552
Reduction for tax positions of prior years		(287	)
Statute expirations		(911	)
Balance at August 28, 2021	$	9,321