Income Taxes |
9 Months Ended |
|---|---|
May 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company’s effective tax rate was 24.5% for the thirty-nine-week periods ended May 30, 2026, as compared to 24.4% for the thirty-nine-week period ended May 31, 2025. The effective tax rate is higher than the federal statutory tax rate primarily due to state taxes. During the third quarter of fiscal year 2026, the Company recognized $5,129 of Employee Retention Credit (“ERC”) claims to Other income (expense) in the Condensed Consolidated Statement of Income as the relevant statute of limitations lapsed. As of May 30, 2026, no ERC funds remain accrued in the Condensed Consolidated Balance Sheet. In July 2025, the One Big Beautiful Bill Act (“OBBBA”) was passed in the United States. This act introduces significant changes to United States federal tax law, including making certain provisions of the Tax Cuts and Jobs Act of 2017 permanent and introducing new measures impacting corporate taxation. The OBBBA contains a number of tax provisions including, but not limited to, immediate expensing of domestic research and experimental expenditures and bonus depreciation modifications. These tax provisions apply to our fiscal year 2025 and future periods. The Company is in the process of analyzing its tax elections under the OBBBA however we do not expect these elections to have a material impact on the fiscal year 2026 effective tax rate. During the thirty-nine-week period ended May 30, 2026, there were no material changes in unrecognized tax benefits.
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