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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 26, 2018
May 27, 2017
Operating activities:    
Net income $ 72,567 $ 46,407
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,679 5,287
Amortization of intangible assets 5,921 22,578
Amortization of debt issuance costs 1,222 889
LIFO expense 1,238 897
Stock-based compensation 4,983 2,206
Deferred income taxes 4,807 6,396
Deferred compensation expense and postretirement benefit income 852 (23,687)
Other (658) (946)
Change in assets and liabilities:    
Inventories (36,351) (7,497)
Receivables, prepaid and other assets (21,275) (21,336)
Income taxes and unrecognized tax benefits (1,081) 5,806
Accounts payable and accrued expenses 24,506 32,778
Postretirement and deferred compensation benefits (2,398) (2,428)
Net cash provided by operating activities 61,012 67,350
Investing activities:    
Purchases of property and equipment (18,123) (9,740)
Proceeds from the sale of property 316 219
Acquisition of business, net of cash acquired 0 (394,694)
Other (83) 684
Net cash used in investing activities (17,890) (403,531)
Financing activities:    
Payments for repurchases of common stock (6,481) (1,367)
Payments of cash dividends (9,557) (9,554)
Payments of debt issuance costs 0 (11,020)
Borrowings on credit agreement 19,700 366,400
Repayments of credit agreement (43,700) (69,400)
Other 0 (92)
Net cash (used in) provided by financing activities (40,038) 274,967
Net increase (decrease) in cash and cash equivalents 3,084 (61,214)
Cash and cash equivalents at beginning of period 35,945 85,583
Cash and cash equivalents at end of period 39,029 24,369
Supplemental cash flow disclosure:    
Income taxes paid, net 24,833 11,811
Interest paid 11,935 7,288
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 0 124,066
Capital expenditures in accounts payable 607 279
Dividends Payable, Current $ 0 $ 3,184