v3.26.3
RESTRUCTURING AND OTHER COSTS
12 Months Ended
Aug. 29, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER COSTS RESTRUCTURING AND OTHER COSTS
Optimization of Company Operations and Profitability Improvement
The Company continues to identify opportunities for improvements in its workforce realignment, strategy and staffing, and its focus on performance management, to ensure it has the right skill sets and number of associates to execute its long-term vision. As such, the Company extends voluntary and involuntary severance and separation benefits to certain associates in order to facilitate its workforce realignment. During the first and second quarters of fiscal year 2026, the Company reduced its headcount by eliminating various positions as part of its sales optimization efforts as the Company implemented its refreshed go-to-market strategy. Workforce realignment actions related to this restructuring event were complete as of the end of the Company’s second quarter of fiscal year 2026. In furtherance of the Company’s goal to optimize its cost structure, during the fourth quarter of fiscal year 2026 the Company eliminated certain other positions as part of its efforts to drive productivity and improve operational efficiency. During fiscal year 2025, the Company reduced its headcount by eliminating various positions to optimize its cost structure and improve operational efficiency.
As part of its strategic realignment initiatives to optimize its supply chain and distribution network, the Company engaged consultants in fiscal 2024 and initiated a plan to sell its Columbus CFC. In connection with these initiatives, the Company incurred consulting costs and provided severance and separation benefits to certain associates that qualified as exit and disposal costs under U.S. GAAP.
In addition, from time to time, the Company incurs certain expenses that are an integral component of, and directly attributable to, its restructuring activities, which do not qualify as exit and disposal costs under accounting principles generally accepted in the United States of America. These expenses include professional and consulting-related costs directly associated with the optimization of the Company’s operations and profitability improvement, which are also included in Restructuring and other costs in the Consolidated Statements of Income.
The following table summarizes restructuring and other costs:
For the Fiscal Years Ended
August 29,
2026
August 30,
2025
August 31,
2024
Consulting-related costs$1,241$5,258$7,143
Associate severance and separation costs6,9255,3186,765
Equity award acceleration costs associated with severance 513423438
Other exit-related costs ——180
Total restructuring and other costs$8,679$10,999$14,526
Liabilities associated with restructuring and other costs are included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets and are expected to be paid within the next twelve months. The following table summarizes activity related to liabilities associated with restructuring and other costs:
Consulting-related costsAssociate severance and separation costsOther exit-related costs Total
Balance as of August 31, 2024$359$697$180 $1,236
Additions5,2585,318—10,576
Payments and other adjustments(5,322)(2,618)(180)(8,120)
Balance as of August 30, 20252953,397—3,692
Additions1,2416,925—8,166
Payments and other adjustments(1,536)(9,091)— (10,627)
Balance as of August 29, 2026$—$1,231$— $1,231