Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Tables)

12 Months Ended

Aug. 25, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Liquidation Basis of Accounting, Expected Costs and Incomes Accrued

The liability for estimated costs in excess of estimated receipts during liquidation at August 25, 2021 and November 19, 2020 was comprised of (in thousands):

	August 25, 2021		November 19, 2020
Total estimated receipts during remaining liquidation period	$	25,045	$	92,017
Total estimated costs of operations	(20,763)		(76,151)
Selling, general and administrative expenses	(9,585)		(18,745)
Interest expense	(151)		(2,305)
Interest component of operating lease payments	(2,307)		(7,064)
Capital expenditures	(120)		(943)
Sales costs	(3,408)		(4,079)
Total estimated costs during remaining liquidation period	(36,334)		(109,287)
Liability for estimated costs in excess of estimated receipts during liquidation	$	(11,289)	$	(17,270)

Liquidation Basis of Accounting, Estimated Costs in Excess of Estimated Receipts

The change in the liability for estimated costs in excess of estimated receipts during liquidation between November 19, 2020 and August 25, 2021 is as follows (in thousands):

	November 19, 2020		Net Change in Working Capital (3)		Changes in Estimated Future Cash Flows During Liquidation (4)		August 25, 2021
Assets:
Estimated net inflows from operations (1)	$	7,859	$	(21,423)	$	15,419	$	1,855
	7,859		(21,423)		15,419		1,855
Liabilities:
Sales costs	(4,079)		1,876		(1,205)		(3,408)
Corporate expenditures (2)	(21,050)		10,445		869		(9,736)
	(25,129)		12,321		(336)		(13,144)
Liability for estimated costs in excess of estimated receipts during liquidation	$	(17,270)	$	(9,102)	$	15,083	$	(11,289)

(1) Estimated net inflows from operations consists of total estimated receipts during liquidation less the sum of total estimated (i) costs of operations, (ii) interest component of operating lease payments and (iii) capital expenditures.

(2) Corporate expenditures consists of (i) selling, general and administrative expenses and (ii) interest expense.

(3) Net change in working capital represents changes in cash, restricted cash, accounts receivable, accounts payable, and accrued expenses and other liabilities as a result of the Company's operating activities for the period from November 19, 2020 to August 25, 2021.