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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 04, 2023
Sep. 03, 2022
Current Assets:    
Cash and cash equivalents $ 49,615 $ 43,537
Accounts receivable, net of allowance for credit losses of $22,628 and $20,771, respectively 412,687 687,608
Inventories 747,470 715,625
Prepaid expenses and other current assets 104,996 96,853
Total current assets 1,314,768 1,543,623
Property, plant and equipment, net 298,664 286,666
Goodwill 718,179 710,130
Identifiable intangibles, net 117,865 114,328
Operating lease assets 64,299 64,780
Other assets 10,680 9,887
Total assets 2,524,455 2,729,414
Current Liabilities:    
Current portion of debt including obligations under finance leases 275,758 325,680
Current portion of operating lease liabilities 19,174 18,560
Accounts payable 207,553 217,378
Accrued expenses and other current liabilities 142,796 164,326
Total current liabilities 645,281 725,944
Long-term debt including obligations under finance leases 273,941 468,912
Noncurrent operating lease liabilities 46,583 47,616
Deferred income taxes and tax uncertainties 124,659 124,659
Total liabilities 1,090,464 1,367,131
Commitments and Contingencies
MSC Industrial Shareholders’ Equity:    
Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 824,268 798,408
Retained earnings 725,826 681,292
Accumulated other comprehensive loss (20,437) (23,121)
Class A treasury stock, at cost, 1,251,733 and 1,228,472 shares, respectively (108,781) (106,202)
Total MSC Industrial shareholders’ equity 1,420,934 1,350,434
Noncontrolling interest 13,057 11,849
Total shareholders’ equity 1,433,991 1,362,283
Total liabilities and shareholders’ equity 2,524,455 2,729,414
Class A Common Stock    
MSC Industrial Shareholders’ Equity:    
Common stock, value, issued 49 48
Class B Common Stock    
MSC Industrial Shareholders’ Equity:    
Common stock, value, issued $ 9 $ 9