v3.26.3
Income Taxes
 12 Months Ended
Aug. 29, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The sources of income (loss) before income taxes are as follows:

52-Weeks Ended52-Weeks Ended53-Weeks Ended
(In thousands)August 29, 2026August 30, 2025August 31, 2024
Domestic$(197,494)$134,781 $184,580 
Foreign(629)1,122 1,470 
Total (loss) income before income taxes$(198,123)$135,903 $186,050 

Income tax (benefit) expense was comprised of the following:

52-Weeks Ended52-Weeks Ended53-Weeks Ended
(In thousands)August 29, 2026August 30, 2025August 31, 2024
Current:
Federal3,598 24,591 30,600 
State and local3,749 7,665 7,392 
Foreign(115)30 383 
Total current expense$7,232 $32,286 $38,375 
Deferred:
Federal$(36,075)$(1,087)$5,746 
State and local(13,244)552 2,502 
Foreign(133)538 118 
Total deferred income tax (benefit) expense(49,452)3 8,366 
Total tax (benefit) expense$(42,220)$32,289 $46,741 
A reconciliation of the federal statutory income tax rate to the effective income tax rate for the fifty-two weeks ended August 29, 2026 is as follows:
52-Weeks Ended
August 29, 2026
(In thousands)%$
US Federal Statutory Tax Rate21.0 %$(41,606)
State and Local Income Taxes, Net of Federal Income Tax Effect (1)
3.9 (7,800)
Foreign Tax Effects0.1 (150)
Effect of Changes in Tax Laws or Rates Enacted in the Current Period— 53 
Effects of Cross-Border Tax Laws— — 
Tax Credits0.3 (578)
Changes in Valuation Allowance— — 
Nontaxable or Nondeductible Items
Wind-down of Canadian legacy operations2.1 (4,146)
Goodwill Impairment(4.0)7,980 
Officers' Compensation Limitation(1.4)2,684 
Other(0.2)485 
Changes in Unrecognized Tax Benefits— — 
Other
Other(0.5)858 
Effective Tax Rate21.3 %$(42,220)
(1)California, Florida, Georgia, Iowa, Idaho, New Jersey, and Pennsylvania contributed to the majority of the tax effect in this category.
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