Business Combination (Tables)
9 Months Ended
May 29, 2021
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition The following table sets forth the final purchase price allocation of the Acquisition of Quest to the estimated fair value of the net assets acquired at the date of acquisition, in thousands:
Assets acquired:
Cash and cash equivalents$4,745 
Accounts receivable, net25,359 
Inventories44,032 
Prepaid assets1,214 
Other current assets3,812 
Property and equipment, net (1)
9,843 
Intangible assets, net (2)
868,375 
Other long-term assets20,997 
Liabilities assumed:
Accounts payable25,200 
Other current liabilities11,237 
Deferred income taxes (3)
10,754 
Other long-term liabilities18,891 
Total identifiable net assets912,295 
Goodwill (4)
74,525 
Total assets acquired and liabilities assumed$986,820 
Business Combination, Revenues of Acquired Entity The results of Quest’s operations have been included in the Company’s Consolidated Financial Statements since November 7, 2019, the date of acquisition. The following table provides net sales from the acquired Quest business included in the Company’s results:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(In thousands)May 29, 2021May 30, 2020May 29, 2021May 30, 2020
Net sales (1)
$127,097 $87,234 $327,891 $192,621 
(1)    Net sales for the thirteen and thirty-nine weeks ended May 29, 2021 excludes immaterial international net sales.
Business Acquisition, Pro Forma Information The following unaudited pro forma financial information presents the combined results of the Company and Quest as if the Acquisition of Quest has occurred at the beginning of fiscal 2019:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(In thousands)May 30, 2020May 30, 2020
Revenue$215,101 $662,758 
Gross profit$88,626 $267,293 
Net income$47,040 $128,689