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Commitments and Contingencies (Tables)
6 Months Ended
Feb. 26, 2022
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 twenty-six weeks ended February 26, 2022:

 

(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

 

$

10,904

 

 

 

 

 

 

Operating cash flow impacts

 

 

 

 

Cash paid for amounts included in the measurement of

   operating lease liabilities

 

$

3,538

 

Operating lease right-of-use assets obtained in exchange for

   new operating lease liabilities

 

$

14,552

 

Weighted-average remaining lease term - operating leases

 

4.23

 

Weighted-average discount rate - operating leases

 

 

1.95

%

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 February 26, 2022:

(In thousands)

 

 

 

 

2022 (remaining six months)

 

$

7,372

 

2023

 

 

13,971

 

2024

 

 

10,895

 

2025

 

 

8,297

 

2026

 

 

6,304

 

Thereafter

 

 

7,526

 

Total payments

 

 

54,365

 

Less interest

 

 

(1,551

)

Total present value of lease payments

 

$

52,814

 

 

Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for the twenty-six weeks ended February 26, 2022 were as follows (in thousands):

 

 

February 26, 2022

 

Balance as of August 28, 2021

 

$

32,859

 

Revisions in estimates

 

 

 

Costs incurred for which reserves have been provided

 

 

(792

)

Insurance proceeds

 

 

62

 

Interest accretion

 

 

298

 

Changes in discount rates

 

 

(1,057

)

Balance as of February 26, 2022

 

$

31,370

 

 

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 February 26, 2022, 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

 

$

11,699

 

 

$

2,530

 

 

$

2,080

 

 

$

1,366

 

 

$

1,129

 

 

$

12,711

 

 

$

31,515

 

Estimated insurance proceeds

 

 

(148

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(380

)

 

 

(1,192

)

Net anticipated costs

 

$

11,551

 

 

$

2,371

 

 

$

1,907

 

 

$

1,207

 

 

$

956

 

 

$

12,331

 

 

$

30,323

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,210

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,163

)

Balance as of February 26, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

31,370