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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 27, 2021
Feb. 29, 2020
Operating activities:    
Net income $ 126,491 $ 31,336
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,559 7,720
Amortization of intangible assets 7,181 11,588
Non-cash interest expense, net 6,769 4,182
Amortization of debt issuance costs 1,229 1,457
Last-in, first-out expense 552 664
Stock-based compensation 6,981 3,640
Deferred income taxes 914 576
Other, net (3,460) 252
Change in assets and liabilities:    
Receivables (11,547) 11,734
Inventories (96,079) 45,275
Prepaid expenses and other assets 2,321 (4,081)
Accounts payable 12,487 4,688
Income taxes and unrecognized tax benefits (10,698) (966)
Accrued expenses and other liabilities 15,222 1,099
Net cash provided by operating activities 66,922 119,164
Investing activities:    
Purchases of property and equipment (14,920) (19,057)
Acquisition of business, net of cash acquired 0 (264,280)
Proceeds from sale of property and equipment 7,778 0
Other, net (223) 179
Net cash used in investing activities (7,365) (283,158)
Financing activities:    
Borrowings on long-term debt 1,647,764 1,412,294
Repayments on long-term debt (1,647,764) (1,115,044)
Purchase of convertible bond hedge 0 (70,800)
Proceeds from issuance of warrants 0 42,210
Payments of cash dividends (8,075) (7,174)
Payments for repurchases of common stock (12,109) 0
Payments of debt issuance costs (224) (10,761)
Other, net 1,291 (1,223)
Net cash (used in) provided by financing activities (19,117) 249,502
Net increase in cash and cash equivalents 40,440 85,508
Cash and cash equivalents at beginning of period 292,575 37,431
Cash and cash equivalents at end of period 333,015 122,939
Supplemental cash flow disclosure:    
Income taxes paid, net 47,804 7,652
Interest paid 12,244 9,938
Non-cash transactions:    
Issuance of Winnebago common stock for acquisition of business 0 92,572
Capital expenditures in accounts payable $ 195 $ 118