Segment Reporting (Tables)

12 Months Ended

Aug. 29, 2020

Segment Reporting

Segment Results

The Company evaluates its reportable segment primarily on the basis of net sales and segment profit, which is defined as gross profit. The following table shows segment results for the following fiscal years:

	Year Ended
	August 29,		August 31,		August 25,
(in thousands)	2020		2019		2018
Net Sales
Auto Parts Locations	$	12,405,929	$	11,645,235	$	10,951,498
Other		226,038		218,508		269,579
Total	$	12,631,967	$	11,863,743	$	11,221,077
Segment Profit
Auto Parts Locations	$	6,617,508	$	6,209,229	$	5,805,561
Other		153,245		155,772		168,185
Gross profit		6,770,753		6,365,001		5,973,746
Operating, selling, general and administrative expenses(1)		(4,353,074)		(4,148,864)		(4,162,890)
Interest expense, net		(201,165)		(184,804)		(174,527)
Income before income taxes	$	2,216,514	$	2,031,333	$	1,636,329
Segment Assets:
Auto Parts Locations	$	14,303,427	$	9,781,926	$	9,231,021
Other		120,445		113,987		115,959
Total	$	14,423,872	$	9,895,913	$	9,346,980
Capital Expenditures:
Auto Parts Locations	$	432,067	$	479,120	$	499,762
Other		25,669		16,930		22,026
Total	$	457,736	$	496,050	$	521,788
Auto Parts Locations Sales by Product Grouping:
Failure	$	6,088,859	$	5,728,294	$	5,338,890
Maintenance items		4,284,913		4,140,987		3,914,546
Discretionary		2,032,157		1,775,954		1,698,062
Auto Parts Locations net sales	$	12,405,929	$	11,645,235	$	10,951,498

(1) Operating, selling, general and administrative expenses for fiscal 2018 include $130.3 million related to pension termination charges and $193.2 million related to impairment charges.