Leases (Tables)

12 Months Ended

Aug. 26, 2023

Leases [Abstract]

Supplemental Balance Sheet Information

The supplemental balance sheet information related to our leases is as follows:

(in millions)	Classification	August 26, 2023		August 27, 2022
Assets
Operating leases	Operating lease assets	$	42.6	$	41.1
Finance leases	Other long-term assets	8.1		6.7
Total lease assets		$	50.7	$	47.8
Liabilities
Current: Operating leases	Other current liabilities	$	5.9	$	4.7
Current: Finance leases	Other current liabilities	1.3		1.0
Non-Current: Operating leases	Long-term operating lease liabilities	42.0		40.4
Non-Current: Finance leases	Other long-term liabilities	7.7		6.7
Total lease liabilities		$	56.9	$	52.8

Schedule of Lease Costs

Operating lease costs incurred are as follows:

(in millions)	Classification	2023		2022		2021
Operating lease expense(1)	Costs of goods sold and SG&A	$	10.3	$	9.6	$	5.8
Finance lease cost:
Depreciation of lease assets	Costs of goods sold and SG&A	1.0		0.8		0.6
Interest on lease liabilities	Interest expense, net	0.5		0.4		0.3
Total lease cost		$	11.8	$	10.8	$	6.7

(1) Operating lease expense includes short-term leases and variable lease payments, which are immaterial.

Additional information related to our leases is as follows:

	2023			2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5.0		$	3.7		$	2.6
Operating cash flows from financing leases	0.5			0.4			0.3
Financing cash flows from financing leases	1.1			0.9			0.6
Weighted average remaining lease term:
Operating leases	7.3			8.1			8.1
Finance leases	5.2			6.0			6.8
Weighted average discount rate:
Operating leases	6.2		%	5.8		%	6.2		%
Finance leases	6.4		%	5.9		%	6.3		%

Future Lease Commitments for Future Fiscal Years of Operating Leases

Our future lease commitments as of August 26, 2023 included the following related party and non-related party leases:

	Operating Leases						Financing Leases
(in millions)	Related Party Amount		Non-Related Party Amount		Total		Non-Related Party Amount
Fiscal 2024	$	1.8	$	6.5	$	8.3	$	1.8
Fiscal 2025	1.8		6.6		8.4		1.9
Fiscal 2026	1.8		6.3		8.1		1.9
Fiscal 2027	1.8		6.1		7.9		1.9
Fiscal 2028	1.8		6.0		7.8		2.1
Thereafter	2.4		17.0		19.4		1.2
Total future undiscounted lease payments	11.4		48.5		59.9		10.8
Less: Interest	2.0		10.0		12.0		1.8
Total reported lease liabilities	$	9.4	$	38.5	$	47.9	$	9.0

Future Lease Commitments for Future Fiscal Years of Financing Leases

Our future lease commitments as of August 26, 2023 included the following related party and non-related party leases:

	Operating Leases						Financing Leases
(in millions)	Related Party Amount		Non-Related Party Amount		Total		Non-Related Party Amount
Fiscal 2024	$	1.8	$	6.5	$	8.3	$	1.8
Fiscal 2025	1.8		6.6		8.4		1.9
Fiscal 2026	1.8		6.3		8.1		1.9
Fiscal 2027	1.8		6.1		7.9		1.9
Fiscal 2028	1.8		6.0		7.8		2.1
Thereafter	2.4		17.0		19.4		1.2
Total future undiscounted lease payments	11.4		48.5		59.9		10.8
Less: Interest	2.0		10.0		12.0		1.8
Total reported lease liabilities	$	9.4	$	38.5	$	47.9	$	9.0