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Commitments and Contingencies (Tables)
12 Months Ended
Aug. 28, 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 fiscal 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

 

$

19,329

 

 

 

 

 

 

Operating cash flow impacts

 

 

 

 

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

 

$

13,629

 

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

 

$

13,592

 

Weighted-average remaining lease term - operating leases

 

4.09

 

Weighted-average discount rate - operating leases

 

 

2.28

%

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 as of August 28, 2021 are as follows:

 

 

(In thousands)

 

 

 

 

2022

 

$

13,815

 

2023

 

 

11,489

 

2024

 

 

8,014

 

2025

 

 

5,284

 

2026

 

 

3,576

 

Thereafter

 

 

3,541

 

Total payments

 

 

45,719

 

Less interest

 

 

2,545

 

Total present value of lease payments

 

$

43,174

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for fiscal 2021 and 2020 were as follows (in thousands):

 

Year ended

 

August 28,

2021

 

 

August 29,

2020

 

Beginning balance

 

$

30,702

 

 

$

27,718

 

Costs incurred for which reserves have been provided

 

 

(1,593

)

 

 

(1,160

)

Insurance proceeds

 

 

129

 

 

 

111

 

Interest accretion

 

 

448

 

 

 

537

 

Changes in discount rates

 

 

(1,040

)

 

 

1,133

 

Revisions in estimates

 

 

4,213

 

 

 

2,363

 

Ending balance

 

$

32,859

 

 

$

30,702

 

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 28, 2021, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below.

 

(In thousands)

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

Thereafter

 

 

Total

 

Estimated costs—current dollars

 

$

12,490

 

 

$

2,530

 

 

$

2,080

 

 

$

1,366

 

 

$

1,129

 

 

$

12,712

 

 

$

32,307

 

Estimated insurance proceeds

 

 

(210

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(380

)

 

 

(1,254

)

Net anticipated costs

 

$

12,280

 

 

$

2,371

 

 

$

1,907

 

 

$

1,207

 

 

$

956

 

 

$

12,332

 

 

$

31,053

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,912

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,106

)

Balance as of August 28, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

32,859