Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
May 30, 2020 |
Jun. 01, 2019 |
| Cash Flows from Operating Activities: |
|
|
| Net income |
$ 199,122
|
$ 222,176
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
51,354
|
48,539
|
| Non-cash operating lease cost |
16,852
|
|
| Stock-based compensation |
12,463
|
12,167
|
| Loss on disposal of property, plant, and equipment |
278
|
325
|
| Provision for doubtful accounts |
8,008
|
9,013
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(13,788)
|
(30,180)
|
| Inventories |
(17,049)
|
(33,672)
|
| Prepaid expenses and other current assets |
(17,082)
|
(10,841)
|
| Operating lease liabilities |
(16,634)
|
|
| Other assets |
2,008
|
(609)
|
| Accounts payable and accrued liabilities |
(10,591)
|
(29,718)
|
| Total adjustments |
15,819
|
(34,976)
|
| Net cash provided by operating activities |
214,941
|
187,200
|
| Cash Flows from Investing Activities: |
|
|
| Expenditures for property, plant and equipment |
(35,920)
|
(35,956)
|
| Proceeds from sale of available for sale securities |
|
27,025
|
| Cash used in business acquisitions, net of cash acquired |
(2,286)
|
(11,625)
|
| Net cash used in investing activities |
(38,206)
|
(20,556)
|
| Cash Flows from Financing Activities: |
|
|
| Repurchases of common stock |
(3,236)
|
(84,464)
|
| Payments of regular cash dividends |
(124,851)
|
(104,308)
|
| Payment of special cash dividends |
(277,634)
|
|
| Proceeds from sale of Class A common stock in connection with associate stock purchase plan |
3,287
|
3,472
|
| Proceeds from exercise of Class A common stock options |
13,530
|
15,527
|
| Proceeds from long-term debt |
100,000
|
|
| Borrowings under the revolving credit facilities |
1,012,200
|
358,000
|
| Payments under the revolving credit facilities |
(578,000)
|
(336,000)
|
| Payments on finance lease and financing obligations |
(1,629)
|
(28,007)
|
| Other, net |
1,162
|
1,821
|
| Net cash provided by (used in) financing activities |
144,829
|
(173,959)
|
| Effect of foreign exchange rate changes on cash and cash equivalents |
(457)
|
(131)
|
| Net increase (decrease) in cash and cash equivalents |
321,107
|
(7,446)
|
| Cash and cash equivalents—beginning of period |
32,286
|
46,217
|
| Cash and cash equivalents—end of period |
353,393
|
38,771
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Cash paid for income taxes |
39,672
|
69,413
|
| Cash paid for interest |
$ 8,501
|
$ 10,791
|