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Business And Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 02, 2017
Business And Summary Of Significant Accounting Policies [Abstract]  
Change In The Carrying Amount Of Goodwill





 

 

 

Balance as of August 29, 2015

 

$

623,626 

Foreign currency translation adjustments

 

 

455 

Balance as of September 3, 2016

 

 

624,081 

Acquisition(1)

 

 

8,318 

Foreign currency translation adjustments

 

 

1,329 

Balance as of September 2, 2017

 

$

633,728 

__________________________

(1)

Acquired DECO Tool Supply Co. (“DECO”) in July 2017.  See Note 4 “Business Combination” for further discussion on this transaction.

Components Of Other Intangible Assets



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

For the Fiscal Years Ended

  

 

 

 

 

 

September 2, 2017

 

September 3, 2016



 

Weighted Average Useful Life (in years)

 

Gross Carrying Amount

 

Accumulated Amortization

 

Gross Carrying Amount

 

Accumulated Amortization

Customer Relationships

 

-

18

 

$

187,260 

 

$

(92,381)

 

$

175,160 

 

$

(85,316)

Contract Rights

 

 

10

 

 

 

23,100 

 

 

(23,100)

 

 

23,100 

 

 

(23,100)

Trademark

 

-

5

 

 

4,403 

 

 

(3,058)

 

 

3,613 

 

 

(2,282)

Trademarks

 

Indefinite

 

 

14,205 

 

 

 —

 

 

14,132 

 

 

 —

Total

 

 

 

 

 

$

228,968 

 

$

(118,539)

 

$

216,005 

 

$

(110,698)



Schedule Of Estimated Amortization Expense



 

 



 

 

Fiscal Year

 

 

2018

 

$9,737 

2019

 

8,559 

2020

 

7,685 

2021

 

7,001 

2022

 

6,986 



Schedule Of Adoption Of New Accounting Standards



 

 

 

 

 

 



 

Thirteen Weeks Ended



 

December 3, 2016



 

(unaudited)



 

As Reported

 

As Adjusted

Condensed Consolidated Statements of Income:

 

(in thousands, except per share data)

Provision for income taxes

 

$

33,442 

 

$

33,257 

Net income

 

$

54,103 

 

$

54,288 

Per share information:

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

  Basic

 

$

0.96 

 

$

0.96 

  Diluted

 

$

0.95 

 

$

0.96 

Weighted average shares used in computing net income per common share:

 

 

 

 

 

 

  Basic

 

 

56,381 

 

 

56,381 

  Diluted

 

 

56,572 

 

 

56,608