Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 29, 2021	Aug. 29, 2020
Current Assets:
Cash and cash equivalents	$ 27,429	$ 125,211
Accounts receivable, net of allowance for credit losses of $18,682 and $18,249, respectively	564,963	491,743
Inventories	598,328	543,106
Prepaid expenses and other current assets	116,947	77,710
Total current assets	1,307,667	1,237,770
Property, plant and equipment, net	296,200	301,979
Goodwill	679,920	677,579
Identifiable intangibles, net	97,610	104,873
Operating lease assets	39,401	56,173
Other assets	3,520	4,056
Total assets	2,424,318	2,382,430
Current Liabilities:
Current portion of debt including obligations under finance leases	412,547	122,248
Current portion of operating lease liabilities	14,570	21,815
Accounts payable	195,858	125,775
Accrued expenses and other current liabilities	145,841	138,895
Total current liabilities	768,816	408,733
Long-term debt including obligations under finance leases	346,458	497,018
Noncurrent operating lease liabilities	26,008	34,379
Deferred income taxes and tax uncertainties	121,715	121,727
Other noncurrent liabilities	9,443
Total liabilities	1,272,440	1,061,857
Commitments and Contingencies
Shareholders’ Equity:
Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital	735,562	690,739
Retained earnings	528,766	749,515
Accumulated other comprehensive loss	(14,780)	(21,418)
Class A treasury stock, at cost, 1,234,184 and 1,227,192 shares, respectively	(104,951)	(103,948)
Total MSC Industrial shareholders’ equity	1,144,654	1,314,945
Noncontrolling interest	7,224	5,628
Total shareholders' equity	1,151,878	1,320,573
Total liabilities and shareholders' equity	2,424,318	2,382,430
Class A Common Stock [Member]
Shareholders’ Equity:
Common stock	48	47
Class B Common Stock [Member]
Shareholders’ Equity:
Common stock	$ 9	$ 10