Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 30, 2020
Aug. 31, 2019
Current Assets:    
Cash and cash equivalents $ 353,393 $ 32,286
Accounts receivable, net of allowance for doubtful accounts of $19,959 and $17,088, respectively 544,446 541,091
Inventories 575,093 559,136
Prepaid expenses and other current assets 83,022 67,099
Total current assets 1,555,954 1,199,612
Property, plant and equipment, net 307,150 310,854
Goodwill 676,262 677,266
Identifiable intangibles, net 107,197 116,668
Operating lease assets 58,321  
Other assets 4,826 6,837
Total assets 2,709,710 2,311,237
Current Liabilities:    
Current portion of debt including obligations under finance leases 310,482 175,453
Current portion of operating lease liabilities 21,888  
Accounts payable 126,938 160,110
Accrued expenses and other current liabilities 132,703 111,353
Total current liabilities 592,011 446,916
Long-term debt including obligations under finance leases 667,234 266,431
Noncurrent operating lease liabilities 36,163  
Deferred income taxes and tax uncertainties 114,010 114,011
Total liabilities 1,409,418 827,358
Commitments and Contingencies
MSC Industrial Shareholders’ Equity:    
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 685,982 659,226
Retained earnings 739,035 946,651
Accumulated other comprehensive loss (25,582) (22,776)
Class A treasury stock, at cost, 1,238,443 and 1,248,944 shares, respectively (104,589) (104,607)
Total MSC Industrial shareholders’ equity 1,294,903 1,478,550
Noncontrolling interest 5,389 5,329
Total shareholders' equity 1,300,292 1,483,879
Total liabilities and shareholders' equity 2,709,710 2,311,237
Class A Common Stock [Member]    
MSC Industrial Shareholders’ Equity:    
Common stock 47 46
Class B Common Stock [Member]    
MSC Industrial Shareholders’ Equity:    
Common stock $ 10 $ 10