LEASES

12 Months Ended

Aug. 29, 2026

The Company’s lease portfolio includes certain real estate (CFCs, regional inventory centers, warehouses and manufacturing locations), automobiles and other equipment. See Note 1, “Business and Summary of Significant Accounting Policies” in the Notes to Consolidated Financial Statements for more information on our lease-related accounting policies. The Company’s operating lease expense is recognized on a straight-line basis over the lease term and is recorded in Operating expenses in the Consolidated Statements of Income.

The components of lease cost for fiscal years 2026, 2025 and 2024 were as follows:


	For the Fiscal Years Ended
	August 29, 2026		August 30, 2025		August 31, 2024
Operating lease cost	$	26,946	$	26,451	$	25,807
Variable lease cost (benefit)	(103)		162		(67)
Short-term lease cost	4,137		4,198		3,871
Finance lease cost:
Amortization of leased assets	227		224		286
Interest on leased liabilities	31		36		25
Total Lease Cost	$	31,238	$	31,071	$	29,922

Supplemental balance sheet information relating to operating and finance leases is as follows:


	Classification	August 29, 2026		August 30, 2025
Assets
Operating lease assets	Operating lease assets	$	50,761	$	52,464
Finance lease assets (1)	Property, plant and equipment, net	467		429
Total leased assets		$	51,228	$	52,893
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	23,642	$	22,236
Finance	Current portion of debt including obligations under finance leases	173		200
Noncurrent
Operating	Noncurrent operating lease liabilities	27,605		30,872
Finance	Long-term debt including obligations under finance leases	317		250
Total lease liabilities		$	51,737	$	53,558

(1)Finance lease assets are net of accumulated amortization of $301 and $392 as of August 29, 2026 and August 30, 2025, respectively.


	August 29, 2026		August 30, 2025
Weighted-average remaining lease term (in years)
Operating Leases	2.6		2.9
Finance Leases	2.8		2.8
Weighted-average discount rate
Operating Leases	5.1	%	5.1	%
Finance Leases	5.5	%	6.3	%

The following table sets forth supplemental cash flow information related to operating and finance leases:


	For the Fiscal Years Ended
	August 29, 2026		August 30, 2025
Operating Cash Outflows from Operating Leases	$	27,143	$	26,328
Operating Cash Outflows from Finance Leases	31		34
Financing Cash Outflows from Finance Leases	251		237
Leased assets obtained in exchange for new lease liabilities:
Operating Leases	$	24,519	$	17,303
Finance Leases	306		—

As of August 29, 2026, future lease payments were as follows:


Fiscal Year (1)	Operating Leases		Finance Leases		Total
2027	$	25,761	$	195	$	25,956
2028	16,738		195		16,933
2029	7,786		129		7,915
2030	2,859		7		2,866
2031	1,756		—		1,756
Thereafter	133		—		133
Total Lease Payments	55,033		526		55,559
Less: Imputed Interest	3,786		36		3,822
Present Value of Lease Liabilities (2)	$	51,247	$	490	$	51,737

(1)Future lease payments by fiscal year are based on contractual lease obligations.

(2)Includes the current portion of $23,642 for operating leases and $173 for finance leases.

As of August 29, 2026, the Company’s future lease obligations which had not yet commenced were immaterial. The Company has various arrangements for certain property it owns under which it is the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is immaterial.

LEASES