XML 21 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 28, 2021
Aug. 29, 2020
Current assets    
Cash and cash equivalents $ 434,563 $ 292,575
Receivables, less allowance for doubtful accounts ($307 and $353, respectively) 253,808 220,798
Inventories 341,473 182,941
Prepaid expenses and other current assets 29,069 17,296
Total current assets 1,058,913 713,610
Property, plant, and equipment, net 191,427 174,945
Goodwill 348,058 348,058
Other intangible assets, net 390,407 404,768
Investment in life insurance 28,821 27,838
Operating lease assets 28,379 29,463
Other assets 16,562 15,018
Total assets 2,062,567 1,713,700
Current liabilities    
Accounts payable 180,030 132,490
Income taxes payable 8,043 8,840
Accrued expenses    
Accrued compensation 67,541 36,533
Product warranties 91,222 64,031
Self-insurance 19,296 17,437
Promotional 10,040 12,543
Accrued interest and dividends 10,720 4,832
Other current liabilities 20,384 23,684
Total current liabilities 407,276 300,390
Non-current liabilities    
Long-term debt, net 528,559 512,630
Deferred income taxes 13,429 15,608
Unrecognized tax benefits 6,483 6,511
Operating lease liabilities 26,745 27,048
Deferred compensation benefits, net of current portion 9,550 11,130
Other long-term liabilities 13,582 12,917
Total liabilities 1,005,624 886,234
Contingent liabilities and commitments (Note 12)
Shareholders' equity    
Preferred stock, par value $0.01: 10,000 shares authorized; Zero shares issued and outstanding 0 0
Common stock, par value $0.50: 120,000 shares authorized; 51,776 shares issued and outstanding 25,888 25,888
Additional paid-in capital 218,490 203,791
Retained earnings 1,172,996 913,610
Accumulated other comprehensive loss (491) (526)
Treasury stock, at cost: 18,713 and 18,133 shares, respectively (359,940) (315,297)
Total shareholders' equity 1,056,943 827,466
Total liabilities and shareholders' equity $ 2,062,567 $ 1,713,700