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Pay vs Performance Disclosure
12 Months Ended
Aug. 26, 2023
USD ($)
$ / shares
Aug. 27, 2022
USD ($)
$ / shares
Aug. 28, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance Disclosure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company, illustrating pay versus performance (PVP).
Year
Summary
Compensation
Table
Total for PEO(1)
($)
Compensation
Actually Paid
to PEO
($)
Average
Summary
Compensation
Total for
Non-PEO NEOs(1)
($)
Average
Compensation
Actually Paid
to Non-PEO NEOs
($)
Value of Initial Fixed
$100 Investment Based on:
Net Income
($ in millions)
Incentive EPS($)(4)
Total
Shareholder
Return(2)
($)
Russell 3000
Recreational
Vehicle and
Boats
Subsector
Index Total
Shareholder
Return(2)(3)
($)
2023
6,677,728
4,040,446
2,946,821
2,675,476
112.9
114.2
215.9
6.07
2022
6,676,569
5,569,618
4,824,469
4,871,036
106.7
115.2
390.6
12.39
2021
6,649,186
13,976,443
4,539,932
6,582,245
126.0
128.1
281.9
8.66
(1)
The PEO reflected above is Mr. Happe. The non-PEO named executive officers (NEOs) reflects the following individuals in each year:
2023: Ms. Bogart and Messrs. Bower, Clark and Hughes
2022: Ms. Bogart and Messrs. Bower, Clark and Hughes
2021: Messrs. Bower, Clark, Hazelton and Hughes
(2)
Company and peer group Total Shareholder Return (TSR) for each year reflects what the cumulative value of a $100 investment would be, including reinvestment of dividends, if such an amount were invested on August 28, 2020.
(3)
Peer group TSR is calculated using the Russell 3000 Recreational Vehicles and Boats Subsector Index.
(4)
Our company-selected measure, which is the measure we believe represents the most important financial performance metric used to link compensation paid to our NEOs in fiscal 2023 to our performance is Incentive EPS. This is a non-GAAP measure, which is defined above under “Compensation Discussion and Analysis - Fiscal 2023 Equity Awards.”
   
Company Selected Measure Name Incentive EPS    
Named Executive Officers, Footnote [Text Block]
(1)
The PEO reflected above is Mr. Happe. The non-PEO named executive officers (NEOs) reflects the following individuals in each year:
2023: Ms. Bogart and Messrs. Bower, Clark and Hughes
2022: Ms. Bogart and Messrs. Bower, Clark and Hughes
2021: Messrs. Bower, Clark, Hazelton and Hughes
   
Peer Group Issuers, Footnote [Text Block]
(2)
Company and peer group Total Shareholder Return (TSR) for each year reflects what the cumulative value of a $100 investment would be, including reinvestment of dividends, if such an amount were invested on August 28, 2020.
(3)
Peer group TSR is calculated using the Russell 3000 Recreational Vehicles and Boats Subsector Index.
   
PEO Total Compensation Amount $ 6,677,728 $ 6,676,569 $ 6,649,186
PEO Actually Paid Compensation Amount $ 4,040,446 5,569,618 13,976,443
Adjustment To PEO Compensation, Footnote [Text Block]
Compensation Actually Paid (CAP) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (SCT) totals as follows:
Item and Value Added (Deducted)

For PEO:
2023
($)
2022
($)
2021
($)
- SCT “Stock Awards” column value
4,249,995
3,569,965
3,574,980
- SCT “Options Awards” column value
749,992
629,991
525,004
+ year-end fair value of outstanding equity awards granted in covered year
5,159,673
4,272,887
7,195,656
+/- difference between the fair value of awards from the end of the prior fiscal year to the end of the covered fiscal year for awards granted in any prior fiscal year that are outstanding and unvested at the end of the covered year
(2,142,448)
(1,034,013)
4,281,006
+/- change in fair value from the end of the prior fiscal year to the vesting date for awards granted in any prior fiscal year which vested during the covered fiscal year
(654,520)
(145,869)
(49,421)
   
Non-PEO NEO Average Total Compensation Amount $ 2,946,821 4,824,469 4,539,932
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,675,476 4,871,036 6,582,245
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Compensation Actually Paid (CAP) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (SCT) totals as follows:
Item and Value Added (Deducted)
For Other Named Executive Officers (Average)
2023
($)
2022
($)
2021
($)
- SCT “Stock Awards” column value
603,458
558,553
862,580
- SCT “Options Awards” column value
106,497
93,970
83,835
+ year-end fair value of outstanding equity awards granted in covered year
976,808
877,941
2,077,223
+/- difference between the fair value of awards from the end of the prior fiscal year to the end of the covered fiscal year for awards granted in any prior fiscal year that are outstanding and unvested at the end of the covered year
(431,154)
(168,076)
926,433
+/- change in fair value from the end of the prior fiscal year to the vesting date for awards granted in any prior fiscal year which vested during the covered fiscal year
(107,044)
(10,775)
(14,928)
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
The charts below describe the relationship between the PEO and other named executive officers’ CAP to Net Income, Total Shareholder Return, and Incentive EPS.
graphic

   
Compensation Actually Paid vs. Net Income [Text Block]
The charts below describe the relationship between the PEO and other named executive officers’ CAP to Net Income, Total Shareholder Return, and Incentive EPS.
graphic
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
The charts below describe the relationship between the PEO and other named executive officers’ CAP to Net Income, Total Shareholder Return, and Incentive EPS.
graphic
   
Total Shareholder Return Vs Peer Group [Text Block]
The charts below describe the relationship between the PEO and other named executive officers’ CAP to Net Income, Total Shareholder Return, and Incentive EPS.
graphic

   
Tabular List [Table Text Block]
The following table lists the five financial performance measures that we believe represent the most important financial performance measures we used to link compensation actually paid to our NEOs to our performance.
Most Important Performance Measures

Incentive EPS(1)
Net Revenue
Operating Income
Net Working Capital
Incentive ROIC(1)
(1)
Denotes non-GAAP financial measure described above under “Compensation Discussion and Analysis – Fiscal 2023 Equity Awards – LTIP/Performance Share Units.”
   
Total Shareholder Return Amount $ 112.9 106.7 126
Peer Group Total Shareholder Return Amount 114.2 115.2 128.1
Net Income (Loss) $ 215,900,000 $ 390,600,000 $ 281,900,000
Company Selected Measure Amount | $ / shares 6.07 12.39 8.66
PEO Name Mr. Happe Mr. Happe Mr. Happe
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Incentive EPS    
Non-GAAP Measure Description [Text Block]
(4)
Our company-selected measure, which is the measure we believe represents the most important financial performance metric used to link compensation paid to our NEOs in fiscal 2023 to our performance is Incentive EPS. This is a non-GAAP measure, which is defined above under “Compensation Discussion and Analysis - Fiscal 2023 Equity Awards.”
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Net Revenue    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Operating Income    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Net Working Capital    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Incentive ROIC    
PEO [Member] | SCT "Stock Awards" [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (4,249,995) $ (3,569,965) $ (3,574,980)
PEO [Member] | SCT "Option Awards" [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (749,992) (629,991) (525,004)
PEO [Member] | Year-End Fair Value of Outstanding Equity Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,159,673 4,272,887 7,195,656
PEO [Member] | Difference Between the Fair Value of Awards from the End of the Prior Fiscal Year to the End of the Covered Fiscal Year for Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,142,448) (1,034,013) 4,281,006
PEO [Member] | Change in Fair Value from the End of the Prior Fiscal Year to the Vesting Date for Awards Granted in Any Prior Fiscal Year which Vested During the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (654,520) (145,869) (49,421)
Non-PEO NEO [Member] | SCT "Stock Awards" [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (603,458) (558,553) (862,580)
Non-PEO NEO [Member] | SCT "Option Awards" [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (106,497) (93,970) (83,835)
Non-PEO NEO [Member] | Year-End Fair Value of Outstanding Equity Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 976,808 877,941 2,077,223
Non-PEO NEO [Member] | Difference Between the Fair Value of Awards from the End of the Prior Fiscal Year to the End of the Covered Fiscal Year for Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (431,154) (168,076) 926,433
Non-PEO NEO [Member] | Change in Fair Value from the End of the Prior Fiscal Year to the Vesting Date for Awards Granted in Any Prior Fiscal Year which Vested During the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (107,044) $ (10,775) $ (14,928)