Income Taxes (Tables)

12 Months Ended

Aug. 29, 2015

Income Tax Disclosure [Abstract]

Components of Income from Continuing Operations

The components of income from continuing operations before income taxes are as follows:

	Year Ended
(in thousands)	August 29, 2015		August 30, 2014		August 31, 2013
Domestic	$	1,676,640	$	1,550,203	$	1,486,386
International		125,972		112,511		101,297
	$	1,802,612	$	1,662,714	$	1,587,683

Provision for Income Tax Expense

The provision for income tax expense consisted of the following:

	Year Ended
(in thousands)	August 29, 2015			August 30, 2014			August 31, 2013
Current:
Federal	$	522,073		$	516,983		$	466,803
State		41,921			54,481			46,494
International		42,406			36,204			38,202
		606,400			607,668			551,499
Deferred:
Federal		38,299			(762	)		16,816
State		941			(7,752	)		3,139
International		(3,269	)		(6,184	)		(251	)
		35,971			(14,698	)		19,704
Income tax expense	$	642,371		$	592,970		$	571,203

Reconciliation of Provision for Income Taxes

A reconciliation of the provision for income taxes to the amount computed by applying the federal statutory tax rate of 35% to income before income taxes is as follows:

	Year Ended
(in thousands)	August 29, 2015			August 30, 2014			August 31, 2013
Federal tax at statutory U.S. income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net		1.5	%		1.8	%		2.0	%
Other		(0.9	%)		(1.1	%)		(1.0	%)
Effective tax rate		35.6	%		35.7	%		36.0	%

Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows:

(in thousands)	August 29, 2015			August 30, 2014
Deferred tax assets:
Net operating loss and credit carryforwards	$	49,088		$	40,507
Accrued benefits		85,266			79,932
Pension		21,104			21,493
Other		56,125			59,432
Total deferred tax assets		211,583			201,364
Less: Valuation allowances		(8,833	)		(10,604	)
		202,750			190,760
Deferred tax liabilities:
Property and equipment		(68,920	)		(59,016	)
Inventory		(294,242	)		(273,005	)
Prepaid Expenses		(27,134	)		(15,694	)
Other		(25,270	)		(21,091	)
Total deferred tax liabilities		(415,566	)		(368,806	)
Net deferred tax liability	$	(212,816	)	$	(178,046	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in thousands)	August 29, 2015			August 30, 2014
Beginning balance	$	33,128		$	30,643
Additions based on tax positions related to the current year		5,707			7,857
Additions for tax positions of prior years		625			2,114
Reductions for tax positions of prior years		(1,268	)		(1,355	)
Reductions due to settlements		(5,312	)		(2,074	)
Reductions due to statute of limitations		(4,446	)		(4,057	)
Ending balance	$	28,434		$	33,128