Leases (Tables)
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9 Months Ended |
May 30, 2020 |
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| Leases [Abstract] |
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| Components Of Lease Expense |
| | | | | | | | | Thirteen Weeks Ended | Thirty-Nine Weeks Ended | | | May 30, 2020 | May 30, 2020 | | | (Dollars in thousands) | Operating lease cost | | $ | 6,592 | | $ | 18,952 | Variable lease cost (benefit) | | | (368) | | | (459) | Short-term lease cost | | | 197 | | | 681 | Finance lease cost: | | | | | | | Amortization of leased assets | | | 333 | | | 906 | Interest on leased liabilities | | | 29 | | | 84 | Total Lease Cost | | $ | 6,783 | | $ | 20,164 |
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| Supplemental Balance Sheet Information |
| | | | | | | | | May 30, | | | August 31, | | Classification | 2020 | | | 2019 | Assets | | (Dollars in thousands) | Operating lease assets | Operating lease assets | $ | 58,321 | | $ | - | Finance lease assets (1) | Property, plant, and equipment, net | | 3,947 | | | 2,958 | Total leased assets | | $ | 62,268 | | $ | 2,958 | Liabilities | | | | | | | Current | | | | | | | Operating | Current portion of operating lease liabilities | $ | 21,888 | | $ | - | Finance | Current portion of debt including obligations under finance leases | | 1,253 | | | 765 | Noncurrent | | | | | | | Operating | Noncurrent operating lease liabilities | | 36,163 | | | - | Finance | Long-term debt including obligations under finance leases | | 2,780 | | | 2,206 | Total lease liabilities | | $ | 62,084 | | $ | 2,971 | (1) Finance lease assets are net of accumulated amortization of $1,126 and $1,398 as of May 30, 2020 and August 31, 2019. |
| | | | | | May 30, | | | 2020 | Weighted average remaining lease term (years) | | | | Operating Leases | | 3.9 | | Finance Leases | | 3.2 | | Weighted average discount rate | | | | Operating Leases | | 3.4 | % | Finance Leases | | 2.7 | % |
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| Supplemental Cash Flow Information |
| | | | | | Thirty-Nine Weeks Ended | | | May 30, 2020 | | | (Dollars in thousands) | Operating Cash Outflows from Operating Leases | | $ | 18,539 | Operating Cash Outflows from Finance Leases | | | 84 | Financing Cash Outflows from Finance Leases | | | 903 | Leased assets obtained in exchange for new lease liabilities: | | | | Operating Leases | | $ | 13,854 | Finance Leases | | | 1,973 |
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| Schedule Of Future Lease Payments |
| | | | | | | | | | Fiscal Year (Dollars in thousands) | | Operating Leases | | Finance Leases | | Total | 2020 (excluding six months) | | $ | 6,311 | | $ | 343 | | $ | 6,654 | 2021 | | | 22,220 | | | 1,375 | | | 23,595 | 2022 | | | 13,889 | | | 1,344 | | | 15,233 | 2023 | | | 7,247 | | | 1,018 | | | 8,265 | 2024 | | | 5,182 | | | 152 | | | 5,334 | Thereafter | | | 7,593 | | | 3 | | | 7,596 | Total Lease Payments | | | 62,442 | | | 4,235 | | | 66,677 | Less: Imputed Interest | | | 4,391 | | | 202 | | | 4,593 | Present Value of Lease Liabilities (1) | | $ | 58,051 | | $ | 4,033 | | $ | 62,084 | | | | | | | | | | | (1) Includes the current portion of $21,888 for operating leases and $1,253 for finance leases |
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| Schedule Of Future Lease Payments Under Prior Standard |
| | | | | | | | | August 31, 2019 | Fiscal Year | | Operating Leases | | Capitalized Lease Obligations | 2020 | | $ | 22,463 | | $ | 792 | 2021 | | | 18,022 | | | 812 | 2022 | | | 9,923 | | | 781 | 2023 | | | 5,184 | | | 604 | 2024 | | | 4,083 | | | 106 | Thereafter | | | 6,023 | | | - | Total minimum lease payments | | $ | 65,698 | | $ | 3,095 | Less: interest | | | | | | 124 | Present value of minimum lease payments | | | | | $ | 2,971 | Less: current maturities | | | | | | 765 | Present value of minimum lease payments less current maturities | | | | | $ | 2,206 |
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