Restructuring Costs

12 Months Ended

Aug. 28, 2021

Restructuring Costs [Abstract]

Restructuring Costs

13. RESTRUCTURING COSTS

Enhanced Customer Support Model

In fiscal year 2021, the Company announced an enhanced customer support model, including a transition from the branch office network to virtual customer care hubs. Along with this transition, the Company closed 73 branch offices and realigned certain existing locations from branch offices to regional inventory centers. Restructuring costs for fiscal year 2021 consist of impairment charges for operating lease assets, net of gains related to settlement of lease liabilities, associate severance and separation costs, and other exit-related costs.

Optimization of Company Operations

Beginning in fiscal year 2019, the Company identified opportunities for improvements in its workforce realignment, strategy and staffing, and increased its focus on performance management, to ensure it has the right skillsets and number of associates to execute its long-term vision. Beginning in fiscal year 2020, the Company engaged consultants to assist in reviewing the optimization of the Company’s operations. As such, the Company extended voluntary and involuntary

severance and separation benefits to certain associates in fiscal years 2019 through 2021 in order to facilitate its workforce realignment.

The following table summarizes restructuring and other related costs:

	For the Fiscal Years Ended
	August 28,		August 29,
	2021		2020
Operating lease asset impairment loss	$	17,923	$	—
Settlement of lease liabilities (gain)		(2,948)		—
Other exit-related costs		3,282		—
Consulting-related costs		8,615		6,583
Associate severance and separation costs		4,267		10,142
Equity acceleration costs associated with severance		253		304
Total restructuring and other related costs	$	31,392	$	17,029

The following table summarizes activity related to liabilities associated with restructuring and other related costs:

	Consulting-related costs		Separation and severance costs		Other exit-related costs		Total
Balance at August 31, 2019	$	—	$	6,044	$	—	$	6,044
Additions		6,583		10,142		—		16,725
Payments and other adjustments		(2,520)		(9,259)		—		(11,779)
Balance at August 29, 2020		4,063		6,927		—		10,990
Additions		8,615		4,267		3,282		16,164
Payments and other adjustments		(9,350)		(10,827)		(2,841)		(23,018)
Balance at August 28, 2021	$	3,328	$	367	$	441	$	4,136