Restructuring and Other Costs

6 Months Ended

Mar. 04, 2023

Restructuring and Related Activities [Abstract]

Optimization of Company Operations and Profitability Improvement

During fiscal years 2022 and 2023, 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. As such, the Company extended voluntary and involuntary severance and separation benefits to certain associates in order to facilitate its workforce realignment. In addition, the Company engaged consultants to assist in reviewing the optimization of the Company’s operations and improving profitability with executing on its Company-wide initiative, referred to as Mission Critical, through fiscal year 2023.

The following table summarizes restructuring and other costs for the thirteen- and twenty-six-week periods ended March 4, 2023 and February 26, 2022:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	March 4, 2023		February 26, 2022		March 4, 2023		February 26, 2022
Consulting-related costs	$	1,540	$	2,520	$	3,115	$	2,520
Associate severance and separation costs	243		517		762		4,032
Equity award acceleration costs associated with severance	—		—		—		1,729
Other exit-related costs	—		97		—		136
Total restructuring and other costs	$	1,783	$	3,134	$	3,877	$	8,417

Liabilities associated with restructuring and other costs are included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheet as of March 4, 2023. The following table summarizes activity related to liabilities associated with restructuring and other costs for the twenty-six-week period ended March 4, 2023:


	Consulting-related costs		Associate severance and separation costs		Total
Balance at September 3, 2022	$	840	$	1,874	$	2,714
Additions	3,115		762		3,877
Payments and other adjustments	(2,195)		(2,043)		(4,238)
Balance at March 4, 2023	$	1,760	$	593	$	2,353