Omnibus Incentive Plan (Tables)
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12 Months Ended |
Aug. 29, 2026 |
| Share-Based Payment Arrangement [Abstract] |
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| Schedule of stock options activity |
The following table summarizes stock option activity, inclusive of the CEO Stock Option Inducement Award, for the fifty-two weeks ended August 29, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except share and per share data) | | Shares underlying options | | Weighted average exercise price | | Weighted average remaining life (years) | | Aggregate intrinsic value | | Outstanding as of August 30, 2025 | | 1,476,243 | | | $ | 25.44 | | | 4.61 | | $ | 10,147 | | | Granted | | 2,059,311 | | | 20.93 | | | | | | | Exercised | | (88,000) | | | 12.00 | | | | | | | Forfeited | | (46,215) | | | 29.92 | | | | | | | Outstanding as of August 29, 2026 | | 3,401,339 | | | $ | 23.00 | | | 5.98 | | $ | — | | | Vested and expected to vest as of August 29, 2026 | | 3,401,339 | | | $ | 23.00 | | | 5.98 | | $ | — | | | Exercisable as of August 29, 2026 | | 1,307,993 | | | $ | 25.89 | | | 3.60 | | $ | — | |
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| Schedule of stock option exercise price ranges |
The following table summarizes information about stock options outstanding at August 29, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Range of Exercise Prices | | Number outstanding | | Weighted average exercise price | | Weighted average remaining life (years) | | Number exercisable | | Weighted average exercise price | | $ | 12.00 | | - | 17.77 | | 353,163 | | $ | 12.67 | | | 1.01 | | 353,163 | | | $ | 12.67 | | | $ | 17.78 | | - | 23.55 | | 2,330,672 | | 20.84 | | | 6.96 | | 271,361 | | | 20.17 | | | $ | 23.56 | | - | 29.33 | | 137,069 | | 24.41 | | | 3.16 | | 137,069 | | | 24.41 | | | $ | 29.34 | | - | 35.11 | | 11,755 | | 33.02 | | | 0.05 | | 11,755 | | | 33.02 | | | $ | 35.12 | | - | 40.88 | | 568,680 | | 37.68 | | | 5.86 | | 534,645 | | | 37.76 | | | | | | 3,401,339 | | $ | 23.00 | | | 5.98 | | 1,307,993 | | | $ | 25.89 | |
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| Schedule of stock options valuation assumptions |
The fair value of each option grant is estimated on the date of grant using the Black-Scholes Option Pricing Model based on the following assumptions:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 52-Weeks Ended | | 52-Weeks Ended | | 53-Weeks Ended | | | August 29, 2026 | | August 30, 2025 | | August 31, 2024 | | Expected volatility | | 32.22% | | 37.58% | | 37.00% | | Expected dividend yield | | —% | | —% | | —% | | Expected option term | | 5 | | 6.5 | | 6 | | Risk-free rate of return | | 3.82% | | 4.00% | | 4.39% |
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| Schedule of restricted stock units activity |
The following table summarizes restricted stock unit activity for the fifty-two weeks ended August 29, 2026:
| | | | | | | | | | | | | | | | | Units | | Weighted average grant-date fair value | | Non-vested as of August 30, 2025 | | 639,015 | | | $ | 36.14 | | | Granted | | 1,284,008 | | | 15.09 | | | Vested | | (362,289) | | | 33.15 | | | Forfeited | | (169,806) | | | 28.76 | | | Non-vested as of August 29, 2026 | | 1,390,928 | | | $ | 18.39 | |
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| Schedule of non-vested performance-based units activity |
The following table summarizes performance stock unit activity for the fifty-two weeks ended August 29, 2026:
| | | | | | | | | | | | | | | | | Units | | Weighted average grant-date fair value | | Non-vested as of August 30, 2025 | | 278,193 | | | $ | 52.66 | | | Granted | | 290,348 | | | 23.92 | | | Vested | | (56,651) | | | 62.55 | | | Forfeited | | (212,226) | | | 35.87 | | | Non-vested as of August 29, 2026 | | 299,664 | | | $ | 34.84 | |
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| Schedule of stock appreciation rights activity |
The following table summarizes SARs activity for the fifty-two weeks ended August 29, 2026:
| | | | | | | | | | | | | | | | | | | Shares Underlying SARs | | Weighted average exercise price | | | | Outstanding as of August 30, 2025 | | 150,000 | | | $ | 37.67 | | | | | Granted | | — | | | — | | | | | Exercised | | — | | | — | | | | | Forfeited | | — | | | — | | | | | Outstanding as of August 29, 2026 | | 150,000 | | | $ | 37.67 | | | | | Vested as of August 29, 2026 | | 150,000 | | | $ | 37.67 | | | | | Exercisable as of August 29, 2026 | | 150,000 | | | $ | 37.67 | | | |
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| Fair Value Measurement Inputs and Valuation Techniques |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 52-Weeks Ended | | 52-Weeks Ended | | 53-Weeks Ended | | | August 29, 2026 | | August 30, 2025 | | August 31, 2024 | | Expected volatility | | 29.96% | | 31.38% | | 33.96% | | Expected dividend yield | | —% | | —% | | —% | | Expected performance term | | 2.93 | | 2.93 | | 2.93 | | Risk-free rate of return | | 3.54% | | 4.14% | | 4.62% | | Fair value | | $22.22 | | $54.41 | | $57.43 |
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