MSC Industrial Direct (MSM) 10-Q8 Jan 252025 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Nov. 30, 2024	Dec. 18, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2024
Document Transition Report	false
Entity File Number	1-14130
Entity Registrant Name	MSC INDUSTRIAL DIRECT CO., INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-3289165
Entity Address, Address Line One	515 Broadhollow Road
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Melville
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11747
City Area Code	516
Local Phone Number	812-2000
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	MSM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		55,859,134
Entity Central Index Key	0001003078
Current Fiscal Year End Date	--08-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Current Assets:
Cash and cash equivalents	$ 57,266	$ 29,588
Accounts receivable, net of allowance for credit losses of $22,860 and $22,368, respectively	407,801	412,122
Inventories	636,652	643,904
Prepaid expenses and other current assets	104,673	102,475
Total current assets	1,206,392	1,188,089
Property, plant and equipment, net	362,336	360,255
Goodwill	722,620	723,894
Identifiable intangibles, net	96,826	101,147
Operating lease assets	55,111	58,649
Other assets	30,237	30,279
Total assets	2,473,522	2,462,313
Current Liabilities:
Current portion of debt including obligations under finance leases	230,077	229,911
Current portion of operating lease liabilities	21,131	21,941
Accounts payable	208,697	205,933
Accrued expenses and other current liabilities	166,383	147,642
Total current liabilities	626,288	605,427
Long-term debt including obligations under finance leases	289,890	278,853
Noncurrent operating lease liabilities	34,654	37,468
Deferred income taxes and tax uncertainties	139,284	139,283
Total liabilities	1,090,116	1,061,031
Commitments and Contingencies
MSC Industrial Shareholders’ Equity:
Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding	0	0
Class A Common Stock (one vote per share); $0.001 par value; 100,000,000 shares authorized; 57,224,081 and 57,178,642 shares issued, respectively	57	57
Additional paid-in capital	1,075,861	1,070,269
Retained earnings	443,349	456,850
Accumulated other comprehensive loss	(24,976)	(21,144)
Class A treasury stock, at cost, 1,331,729 and 1,276,263 shares, respectively	(119,207)	(114,235)
Total MSC Industrial shareholders’ equity	1,375,084	1,391,797
Noncontrolling interest	8,322	9,485
Total shareholders’ equity	1,383,406	1,401,282
Total liabilities and shareholders’ equity	$ 2,473,522	$ 2,462,313

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) $ in Thousands	Nov. 30, 2024 USD ($) vote $ / shares shares	Aug. 31, 2024 USD ($) vote $ / shares shares
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss, current \| $	$ 22,860	$ 22,368
Preferred stock, par value (in usd per share) \| $ / shares	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, voting rights \| vote	1	1
Common stock, par value (in usd per share) \| $ / shares	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	57,224,081	57,178,642
Treasury stock, shares	1,331,729	1,276,263

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Income Statement [Abstract]
Net sales	$ 928,484	$ 953,969
Cost of goods sold	550,297	560,852
Gross profit	378,187	393,117
Operating expenses	303,563	290,633
Restructuring and other costs	2,344	916
Income from operations	72,280	101,568
Other income (expense):
Interest expense	(6,075)	(5,320)
Interest income	341	125
Other expense, net	(5,944)	(5,055)
Total other expense	(11,678)	(10,250)
Income before provision for income taxes	60,602	91,318
Provision for income taxes	14,908	22,190
Net income	45,694	69,128
Less: Net loss attributable to noncontrolling interest	(929)	(222)
Net income attributable to MSC Industrial	$ 46,623	$ 69,350
Net income per common share:
Basic (in usd per share)	$ 0.83	$ 1.23
Diluted (in usd per share)	$ 0.83	$ 1.22
Weighted-average shares used in computing net income per common share:
Basic (in shares)	55,897	56,429
Diluted (in shares)	56,068	56,723

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2024	Dec. 02, 2023
Statement of Comprehensive Income [Abstract]
Net income, as reported		$ 45,694	$ 69,128
Other comprehensive income, net of tax:
Foreign currency translation adjustments		(4,066)	404
Comprehensive income	[1]	41,628	69,532
Comprehensive income attributable to noncontrolling interest:
Net loss		929	222
Foreign currency translation adjustments		234	44
Comprehensive income attributable to MSC Industrial		$ 42,791	$ 69,798

[1] There were no material taxes associated with other comprehensive income during the thirteen-week periods ended November 30, 2024 and December 2, 2023.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Statement of Comprehensive Income [Abstract]
Other comprehensive income, taxes	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Total Shareholders’ Equity Attributable to MSC Industrial	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Noncontrolling Interest	Class A Common Stock	Class A Common Stock Common Stock	Class A Common Stock Additional Paid-in Capital	Class A Common Stock Retained Earnings	Class A Common Stock Treasury Stock	Class B Common Stock Common Stock
Beginning Balance at Sep. 02, 2023			$ 849,502	$ 755,007	$ (17,725)	$ (107,677)	$ 13,418		$ 48				$ 9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Associate Incentive Plans			15,037
Foreign Currency Translation Adjustment	$ 404				448
Associate Incentive Plans						794
Net Income (Loss)	69,350			69,350			(222)
Repurchase and retirement of Class A Common Stock, including excise tax									(1)	$ (214)	$ (123,314)
Reclassification of Class B Common Stock to Class A Common Stock			188,404	(188,406)					11				(9)
Repurchase of Class A Common Stock, including excise tax												$ (8,516)
Regular cash dividends declared on Class A Common Stock											(47,192)
Dividend equivalents declared, net of cancellations				(483)
Foreign Currency Translation Adjustment	44						(44)
Ending Balance at Dec. 02, 2023	$ 1,398,225	$ 1,385,073	1,052,729	464,962	(17,277)	(115,399)	13,152		58				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per common share (in usd per share)	$ 0.83							$ 0.83
Beginning Balance at Aug. 31, 2024	$ 1,401,282		1,070,269	456,850	(21,144)	(114,235)	9,485		57				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Associate Incentive Plans			5,617
Foreign Currency Translation Adjustment	(4,066)				(3,832)
Associate Incentive Plans						856
Net Income (Loss)	46,623			46,623			(929)
Repurchase and retirement of Class A Common Stock, including excise tax									0	$ (25)	(12,227)
Reclassification of Class B Common Stock to Class A Common Stock			0	0					0				0
Repurchase of Class A Common Stock, including excise tax												$ (5,828)
Regular cash dividends declared on Class A Common Stock											$ (47,537)
Dividend equivalents declared, net of cancellations				(360)
Foreign Currency Translation Adjustment	234						(234)
Ending Balance at Nov. 30, 2024	$ 1,383,406	$ 1,375,084	$ 1,075,861	$ 443,349	$ (24,976)	$ (119,207)	$ 8,322		$ 57				$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per common share (in usd per share)								$ 0.85

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows - USD ($)	3 Months Ended
Condensed Consolidated Statements Of Cash Flows - USD ($)	Nov. 30, 2024	Dec. 02, 2023
Cash Flows from Operating Activities:
Net income	$ 45,694,000	$ 69,128,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,682,000	19,782,000
Amortization of cloud computing arrangements	504,000	405,000
Non-cash operating lease cost	6,070,000	5,559,000
Stock-based compensation	3,562,000	5,201,000
Loss on disposal of property, plant and equipment	188,000	98,000
Non-cash changes in fair value of estimated contingent consideration	245,000	220,000
Provision for credit losses	2,521,000	90,000
Expenditures for cloud computing arrangements	(332,000)	(3,039,000)
Changes in operating assets and liabilities:
Accounts receivable	455,000	21,170,000
Inventories	5,491,000	17,218,000
Prepaid expenses and other current assets	(2,629,000)	(15,588,000)
Operating lease liabilities	(6,152,000)	(5,717,000)
Other assets	(154,000)	54,000
Accounts payable and accrued liabilities	24,723,000	(33,413,000)
Total adjustments	56,174,000	12,040,000
Net cash provided by operating activities	101,868,000	81,168,000
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment	(20,168,000)	(18,433,000)
Cash used in acquisitions, net of cash acquired	(240,000)	0
Net cash used in investing activities	(20,408,000)	(18,433,000)
Cash Flows from Financing Activities:
Repurchases of Class A Common Stock	(18,072,000)	(132,045,000)
Payments of regular cash dividends	(47,537,000)	(47,192,000)
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan	1,029,000	1,144,000
Proceeds from exercise of Class A Common Stock options	120,000	6,852,000
Borrowings under credit facilities	111,500,000	148,000,000
Payments under credit facilities	(99,750,000)	(65,000,000)
Borrowings under financing obligations	0	1,624,000
Other, net	(649,000)	(574,000)
Net cash used in financing activities	(53,359,000)	(87,191,000)
Effect of foreign exchange rate changes on cash and cash equivalents	(423,000)	209,000
Net increase (decrease) in cash and cash equivalents	27,678,000	(24,247,000)
Cash and cash equivalents—beginning of period	29,588,000	50,052,000
Cash and cash equivalents—end of period	57,266,000	25,805,000
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	13,500,000	5,454,000
Cash paid for interest	$ 6,262,000	$ 4,882,000

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited Condensed Consolidated Financial Statements have been prepared by the management of MSC Industrial Direct Co., Inc. (together with its wholly owned subsidiaries and entities in which it maintains a controlling financial interest, “MSC Industrial” or the “Company”) and in the opinion of management include all normal recurring adjustments necessary to present fairly the Company’s financial position as of November 30, 2024 and August 31, 2024, results of operations for the thirteen weeks ended November 30, 2024 and December 2, 2023, and cash flows for the thirteen weeks ended November 30, 2024 and December 2, 2023. The financial information as of August 31, 2024 was derived from the Company’s audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2024. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the SEC. The Company, however, believes that the disclosures contained in this Report comply with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for a Quarterly Report on Form 10-Q and are adequate to make the information presented not misleading. The unaudited Condensed Consolidated Financial Statements and these Notes to Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2024. Fiscal Year The Company operates on a 52/53-week fiscal year ending on the Saturday closest to August 31 st of each year. References to “fiscal year 2025” refer to the period from September 1, 2024 to August 30, 2025, which is a 52-week fiscal year. References to “fiscal year 2024” refer to the period from September 3, 2023 to August 31, 2024, which is a 52-week fiscal year. The fiscal quarters ended November 30, 2024 and December 2, 2023 refer to the thirteen weeks ended as of those dates. Principles of Consolidation The unaudited Condensed Consolidated Financial Statements include the accounts of MSC Industrial Direct Co., Inc., its wholly owned subsidiaries and entities in which it maintains a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation. Reclassifications Reclassifications were made to the unaudited Condensed Consolidated Statement of Cash Flows for the thirteen weeks ended December 2, 2023 to conform with the current year presentation. Accounting Standards Not Yet Adopted In March 2024, the SEC issued its final rule on the enhancement and standardization of climate-related disclosures for investors. These wide-ranging disclosures require annual disclosure of material greenhouse gas emissions as well as disclosure of governance, risk management and strategy related to material climate-related risks. Within the notes to financial statements, the final rule requires disclosure of expenditures recognized, subject to certain thresholds, attributable to severe weather. Outside of the financial statements, the final rule requires qualitative and quantitative disclosures about material Scope 1 and Scope 2 greenhouse gas emissions. Also required is disclosure of the risk management process and the oversight practices of the Board of Directors of the Company (the “Board”) and management related to climate-related risks. The final rule follows a compliance phase-in timeline, with the first requirements required to be adopted for the Company’s fiscal year 2026, followed in later years by greenhouse gas-related requirements. In April 2024, the SEC voluntarily stayed implementation of the final rule pending completion of judicial review of consolidated challenges to the final rule by the Court of Appeals for the Eighth Circuit. The Company is currently evaluating the final rule to determine the impact on its consolidated financial statements and disclosures. In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. The ASU primarily enhances and expands both the income tax rate reconciliation disclosure and the income taxes paid disclosure. The ASU is effective for annual periods beginning after December 15, 2024 (MSC’s fiscal year 2026) on a prospective basis. Early adoption is permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires entities, including those with a single reporting segment, to disclose significant segment expenses that are regularly provided to the chief operating decision maker, among other provisions. The ASU is effective for fiscal year periods beginning after December 15, 2023 (MSC’s fiscal year 2025) and interim periods within fiscal years beginning after December 15, 2024 (MSC’s first quarter of fiscal year 2026), with early adoption permitted. Retrospective application to all prior periods presented in the financial statements is also required. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income- Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires public entities to include more detailed disclosures about specific categories of expenses such as inventory purchases, employee compensation, depreciation, amortization and selling costs within the notes to the financial statements. The ASU is effective for fiscal year periods beginning after December 15, 2026 (MSC’s fiscal year 2028) and interim periods within fiscal years beginning after December 15, 2027 (MSC’s first quarter of fiscal year 2029), with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to have a material impact on the Consolidated Financial Statements.

Revenue

Revenue	3 Months Ended
Revenue	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition Net sales include product revenue and shipping and handling charges, net of estimated sales returns and any related sales incentives. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. All revenue is recognized when the Company satisfies its performance obligations under the contract, which is determined to occur when the customer obtains control of the products, and invoicing occurs at approximately the same point in time. The Company’s product sales have standard payment terms that do not exceed one year. The Company considers shipping and handling as activities to fulfill its performance obligations. Substantially all of the Company’s contracts have a single performance obligation, to deliver products, and are short-term in nature. The Company estimates product returns based on historical return rates. Total accrued sales returns were $7,704 and $8,120 as of November 30, 2024 and August 31, 2024, respectively, and are reported as Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheets. Sales taxes and value-added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Consideration Payable to Customers The Company offers customers sales incentives, which primarily consist of volume rebates, and upfront sign-on payments. These volume rebates and sign-on payments are not in exchange for a distinct good or service and result in a reduction of net sales from the goods transferred to the customer at the later of when the related revenue is recognized or when the Company promises to pay the consideration. The Company estimates its volume rebate accruals and records its sign-on payments based on various factors, including contract terms, historical experience, and performance levels. Total accrued sales incentives, primarily related to volume rebates, were $23,731 and $23,386 as of November 30, 2024 and August 31, 2024, respectively, and are included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheets. Sign-on payments, not yet recognized as a reduction of net sales, are recorded in Prepaid expenses and other current assets in the unaudited Condensed Consolidated Balance Sheets and were $7,200 and $7,493 as of November 30, 2024 and August 31, 2024, respectively. Contract Assets and Liabilities The Company records a contract asset when it has a right to payment from a customer that is conditioned on events other than the passage of time. The Company records a contract liability when customers prepay but the Company has not yet satisfied its performance obligations. The Company did not have material contract assets or liabilities as of November 30, 2024 and August 31, 2024. Disaggregation of Revenue The Company has determined that it operates as one operating and reportable segment as a distributor of metalworking, maintenance, repair and operations products and services, Class C consumables and OEM products and services. The conclusion of a single reporting segment is based on the nature of the products the Company sells to its diverse customer base, the distribution footprint and the regulatory environment in which the Company operates. The Company serves a large number of customers of various types and in diverse industries, which are subject to different economic and industry factors. The Company’s presentation of net sales by customer end-market, customer type and geography most reasonably depicts how the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and industry factors. The Company does not disclose net sales information by product category as it is impracticable to do so as a result of its numerous product offerings and the way its business is managed. The following table presents the Company’s percentage of revenue by customer end-market for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 (2) Manufacturing Heavy 57 % 59 % Manufacturing Light 9 % 9 % Public Sector 9 % 8 % Retail/Wholesale 7 % 8 % Commercial Services 4 % 4 % Other (1) 14 % 12 % Total 100 % 100 % (1) The Other category primarily makes up specific industry classifications that do not individually exceed 3% of net sales. (2) Includes changes in customer end-market classifications as a result of the transition from the Standard Industrial Classification (SIC) to the North American Industry Classification System (NAICS) in the first quarter of fiscal year 2025. The Company groups customers into three categories by type of customer: national account, public sector and core and other. National account customers include Fortune 1000 companies, large privately held companies, and international companies doing business in North America. Public sector customers are governments and their instrumentalities such as federal agencies, state governments, and public sector healthcare providers. Federal government customers include the United States General Services Administration, the United States Department of Defense, the United States Marine Corps, the United States Coast Guard, the United States Postal Service, the United States Department of Energy, large and small military bases, Veterans Affairs hospitals, and correctional facilities. The Company has individual state and local contracts, as well as contracts through partnerships with several state co-operatives. Core and other customers are those customers that are not national account customers or public sector customers. The following table presents the Company’s percentage of revenue by customer type for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 (1) National Account Customers 37 % 37 % Public Sector Customers 9 % 8 % Core and Other Customers 54 % 55 % Total 100 % 100 % (1) Includes reclassifications of certain customers during fiscal year 2024, primarily between national account customers and core and other customers. The Company’s revenue originating from the following geographic areas was as follows for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 United States 95 % 95 % Mexico 2 % 2 % Canada 2 % 2 % North America 99 % 99 % Other foreign countries 1 % 1 % Total 100 % 100 %

Net Income per Share

Net Income per Share	3 Months Ended
Net Income per Share	Nov. 30, 2024
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share Basic net income per share is computed by dividing net income by the weighted-average number of shares of the Company’s Class A Common Stock (“Class A Common Stock”) outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of Class A Common Stock outstanding during the period, including potentially dilutive shares of Class A Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Class A Common Stock is determined using the treasury stock method. The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, December 2, Numerator: Net income attributable to MSC Industrial, as reported $ 46,623 $ 69,350 Denominator: Weighted-average shares outstanding for basic net income per share 55,897 56,429 Effect of dilutive securities 171 294 Weighted-average shares outstanding for diluted net income per share 56,068 56,723 Net income per share: Basic $ 0.83 $ 1.23 Diluted $ 0.83 $ 1.22 Potentially dilutive securities 98 — Potentially dilutive securities attributable to outstanding share-based awards are excluded from the calculation of diluted net income per share when the combined exercise price and average unamortized fair value are greater than the average market price of Class A Common Stock, and, therefore, their inclusion would be anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company accounts for all stock-based payments in accordance with Accounting Standards Codification Topic 718, “Compensation—Stock Compensation,” as amended. Stock-based compensation expense included in Operating expenses for the thirteen weeks ended November 30, 2024 and December 2, 2023 was as follows: Thirteen Weeks Ended November 30, December 2, Restricted stock units (1) $ 4,030 $ 4,275 Performance share units (1) (532) 821 Associate Stock Purchase Plan 64 105 Stock-based compensation expense 3,562 5,201 Deferred income tax benefit (876) (1,264) Stock-based compensation expense, net $ 2,686 $ 3,937 (1) Includes equity award acceleration costs associated with associate severance and separation, which are included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income for the thirteen weeks ended December 2, 2023. See Note 9, “Restructuring and Other Costs” for additional information. Performance Share Units In fiscal year 2020, the Company began granting performance share units (“PSUs”) as part of its long-term stock-based compensation program. PSUs cliff vest after a three-year performance period based on the achievement of specific performance goals as set forth in the applicable award agreement. Based on the extent to which the performance goals are achieved, vested shares may range from 0% to 200% of the target award amount. If the performance conditions are not met or are not expected to be met, recognized compensation expense associated with the grant will be reversed. The following table summarizes all transactions related to PSUs under the MSC Industrial Direct Co., Inc. 2015 Omnibus Incentive Plan (the “2015 Omnibus Incentive Plan”) and the 2023 Omnibus Incentive Plan (the “2023 Omnibus Incentive Plan”) (based on target award amounts) for the thirteen-week period ended November 30, 2024: Shares Weighted-Average Grant Date Fair Value per Share Non-vested PSUs at August 31, 2024 123 $ 88.31 Granted 52 80.52 Vested (38) 84.96 Canceled/Forfeited — — Non-vested PSUs at November 30, 2024 (1) 137 $ 86.31 (1) Excludes approximately 4 shares of accrued incremental dividend equivalent rights on outstanding PSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan. Restricted Stock Units A summary of the Company’s non-vested restricted stock unit (“RSU”) award activity under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan for the thirteen-week period ended November 30, 2024 is as follows: Shares Weighted-Average Grant Date Fair Value per Share Non-vested RSUs at August 31, 2024 431 $ 88.29 Granted 198 80.52 Vested (134) 84.61 Canceled/Forfeited (3) 89.17 Non-vested RSUs at November 30, 2024 (1) 492 $ 86.17 (1) Excludes approximately 24 shares of accrued incremental dividend equivalent rights on outstanding RSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan. The fair value of each PSU and RSU is the closing stock price on the New York Stock Exchange of Class A Common Stock on the date of grant. PSUs are expensed over the three-year performance period of each respective grant and RSUs are expensed over the vesting period of each respective grant. Forfeitures of share-based awards are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from estimated forfeitures. The Company uses historical data to estimate pre-vesting PSU and RSU forfeitures and records stock-based compensation expense only for PSU and RSU awards that are expected to vest. Upon vesting, and, in the case of the PSUs, subject to the achievement of specific performance goals, a portion of the PSU and RSU awards may be withheld to satisfy the statutory income tax withholding obligation, and the remaining PSUs and RSUs will be settled in shares of Class A Common Stock. These awards accrue dividend equivalents on the underlying PSUs and RSUs (in the form of additional stock units) based on dividends declared on Class A Common Stock, and these dividend equivalents are paid to the award recipient in the form of unrestricted shares of Class A Common Stock on the vesting dates of the underlying PSUs and RSUs, subject, in the case of the dividend equivalents on the underlying PSUs, to the same performance vesting requirements. The unrecognized stock-based compensation costs related to the PSUs and RSUs at November 30, 2024 were $6,666 and $37,419, respectively, which are expected to be recognized over a weighted-average period of 2.0 and 3.2 years, respectively. Stock Options Subsequent to the stock option grant in fiscal year 2019, the Company discontinued its grants of stock options. The fair value of each option grant in previous fiscal years was estimated on the date of grant using the Black-Scholes option pricing model. For the thirteen-week period ended November 30, 2024, there were two stock options exercised at a weighted-average price of $83.21. As of November 30, 2024, there were 97 stock option awards outstanding and exercisable, with an exercise price of $83.21, a remaining contractual life of 0.9 years, and no intrinsic value. The aggregate intrinsic value of options exercised, which represents the difference between the exercise price and the market value of Class A Common Stock measured at each individual exercise date, during the thirteen-week periods ended November 30, 2024 and December 2, 2023 was $8 and $1,499, respectively. There were no unrecognized stock‑based compensation costs related to stock options at November 30, 2024.

Fair Value

Fair Value	3 Months Ended
Fair Value	Nov. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair value accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The below fair value hierarchy prioritizes the inputs used to measure fair value into three levels, with Level 1 being of the highest priority. The three levels of inputs used to measure fair value are as follows: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Include other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs which are supported by little or no market activity. The Company’s financial instruments include cash and cash equivalents, accounts receivable, accounts payable and outstanding indebtedness. Cash and cash equivalents include investments in a money market fund which are reported at fair value. The fair value of money market funds is determined using quoted prices for identical investments in active markets, which are considered to be Level 1 inputs within the fair value hierarchy. The Company uses a market approach to determine the fair value of its debt instruments, utilizing quoted prices in active markets, interest rates and other relevant information generated by market transactions involving similar instruments. Therefore, the inputs used to measure the fair value of the Company’s debt instruments are classified as Level 2 within the fair value hierarchy. The reported carrying amounts of the Company’s financial instruments approximated their fair values as of November 30, 2024 and December 2, 2023. During the thirteen-week periods ended November 30, 2024 and December 2, 2023, the Company had no material remeasurements of non-financial assets or liabilities at fair value on a non-recurring basis subsequent to their initial recognition. Assets Held for Sale The Company classifies an asset as held for sale when management, having the authority to approve the action, commits to a plan to sell the asset, the sale is probable within one year and the asset is available for immediate sale in its present condition. The Company also considers whether an active program to locate a buyer has been initiated, whether the asset is marketed actively for sale at a price that is reasonable in relation to its current fair value and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures an asset that is classified as held for sale at the lower of its carrying amount or fair value less costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized until the date of sale. The Company assesses the fair value of an asset less costs to sell each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying amount of the asset, as long as the new carrying amount does not exceed the carrying amount of the asset at the time it was initially classified as held for sale. Assets are not depreciated or amortized while they are classified as held for sale. In March 2024, the Company commenced its plan to sell its 468,000 square foot customer fulfillment center (“CFC”) in Columbus, Ohio. During the first quarter of fiscal year 2025, the Company received a Letter of Intent to purchase the Columbus CFC and is currently finalizing a Purchase and Sale Agreement with the prospective purchaser. As of November 30, 2024, the related assets had a carrying value of approximately $31,758, which is comprised of approximately $20,663 of building and building improvements, $4,097 of land assets and $6,998 of furniture, fixtures and equipment, which is included in Property, plant and equipment, net in the unaudited Condensed Consolidated Balance Sheet as of such date. As a result of the above, the Company determined that all of the criteria to classify the building as held for sale had been met as of November 30, 2024. Fair value was determined based upon the anticipated sales price of these assets based on current market conditions and assumptions made by management, which may differ from actual results and may result in an impairment if market conditions deteriorate. No impairment charge was recorded as the fair value was in excess of the carrying amount of the assets.

Accounts Receivable

Accounts Receivable	3 Months Ended
Accounts Receivable	Nov. 30, 2024
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivables at November 30, 2024 and August 31, 2024 consisted of the following: November 30, August 31, Accounts receivable $ 430,661 $ 434,490 Less: allowance for credit losses 22,860 22,368 Accounts receivable, net $ 407,801 $ 412,122 In the second quarter of fiscal year 2023, the Company entered into a Receivables Purchase Agreement (the “RPA”), by and among MSC A/R Holding Co., LLC, a wholly owned subsidiary of the Company (the “Receivables Subsidiary”), as seller, the Company, as master servicer, certain purchasers from time to time party thereto (collectively, the “Purchasers”), and Wells Fargo Bank, National Association, as administrative agent. Under the RPA, the Receivables Subsidiary may sell receivables to the Purchasers in amounts up to $300,000. The RPA matures on December 19, 2025 and is subject to customary termination events related to transactions of this type. The Company continues to provide collection services for the receivables sold to the Purchasers. As cash is collected on sold receivables, the Receivables Subsidiary continuously sells new qualifying receivables to the Purchasers so that the total principal amount outstanding of receivables sold is approximately $300,000. The total principal amount outstanding of receivables sold was approximately $300,000 as of November 30, 2024 and August 31, 2024. The amount of receivables pledged as collateral as of November 30, 2024 and August 31, 2024 was $347,252 and $349,743, respectively. The following table summarizes the activity and amounts outstanding under the RPA for the thirteen-week periods ended November 30, 2024 and December 2, 2023 Thirteen Weeks Ended November 30, December 2, Receivables sold under the RPA $ 308,706 $ 312,980 Cash collected on sold receivables under the RPA $ 308,706 $ 312,980 The receivables sold incurred fees due to the Purchasers of $4,202 during the thirteen-week period ended November 30, 2024 and $4,611 during the thirteen-week period ended December 2, 2023 which were recorded within Other expense, net in the unaudited Condensed Consolidated Statements of Income. The financial covenants under the RPA are substantially the same as those under the Credit Facilities and the Private Placement Debt (each, as defined below). See Note 7, “Debt” for more information about these financial covenants.

Debt

Debt	3 Months Ended
Debt	Nov. 30, 2024
Debt and Lease Obligation [Abstract]
Debt	Debt Debt at November 30, 2024 and August 31, 2024 consisted of the following: November 30, August 31, Amended Revolving Credit Facility $ 85,000 $ 74,000 Uncommitted Credit Facilities 210,250 209,500 Long-Term Note Payable 4,750 4,750 Private Placement Debt: 2.90% Senior Notes, Series B, due July 28, 2026 100,000 100,000 3.79% Senior Notes, due June 11, 2025 20,000 20,000 2.60% Senior Notes, due March 5, 2027 50,000 50,000 5.73% Senior Notes, due April 18, 2027 50,000 50,000 Financing arrangements 51 640 Obligations under finance leases 601 654 Less: unamortized debt issuance costs (685) (780) Total debt, including obligations under finance leases $ 519,967 $ 508,764 Less: current portion (230,077) (1) (229,911) (2) Total long-term debt, including obligations under finance leases $ 289,890 $ 278,853 (1) Consists of $210,250 from the Uncommitted Credit Facilities (as defined below), $20,000 from the 3.79% Series 2019A Notes, $6 from financing arrangements, $204 from obligations under finance leases and net of unamortized debt issuance costs of $383 expected to be amortized in the next 12 months. (2) Consists of $209,500 from the Uncommitted Credit Facilities, $20,000 from the 3.79% Series 2019A Notes, due June 11, 2025, $595 from financing arrangements, $199 from obligations under finance leases and net of unamortized debt issuance costs of $383 expected to be amortized in the next 12 months. In April 2017, the Company entered into a $600,000 revolving credit facility, which was subsequently amended and extended in August 2021 (as amended and extended, the “Amended Revolving Credit Facility”). The Amended Revolving Credit Facility, which matures on August 24, 2026, provides for a five-year unsecured revolving loan facility on a committed basis. The interest rate for borrowings under the Amended Revolving Credit Facility is based on either the Adjusted Term SOFR Rate (as defined in the Amended Revolving Credit Facility) or a base rate, plus a spread based on the Company’s consolidated leverage ratio at the end of each fiscal reporting quarter. The Company currently elects to have loans under the Amended Revolving Credit Facility bear interest based on the Adjusted Term SOFR Rate with one-month interest periods. The Amended Revolving Credit Facility permits up to $50,000 to be used to fund letters of credit. The Amended Revolving Credit Facility also permits the Company to initiate one or more incremental term loan facilities and/or to increase the revolving loan commitments in an aggregate amount not to exceed $300,000. Subject to certain limitations, each such incremental term loan facility or revolving loan commitment increase will be on terms as agreed to by the Company, the administrative agent and the lenders providing such financing. Outstanding letters of credit were $6,304 at November 30, 2024 and August 31, 2024, respectively. Uncommitted Credit Facilities During fiscal year 2024, the Company either extended or amended all three of its uncommitted credit facilities. These facilities ( collectively, the “Uncommitted Credit Facilities” and, together with the Amended Revolving Credit Facility, the “Credit Facilities”) total $211,000 in aggregate maximum uncommitted availability, under which $210,250 and $209,500 were outstanding at November 30, 2024 and August 31, 2024 , respectively, and are included in Current portion of debt including obligations under finance leases in the unaudited Condensed Consolidated Balance Sheets. The interest rate on the Uncommitted Credit Facilities is based on the Secured Overnight Financing Rate. Borrowings under the Uncommitted Credit Facilities are due at the end of the applicable interest period, which is typically one month but may be up to six months and may be rolled over to a new interest period at the option of the applicable lender. The Company’s lenders have, in the past, been willing to roll over the principal amount outstanding under the Uncommitted Credit Facilities at the end of each interest period but are not obligated to do so. Each Uncommitted Credit Facility matures within one year of entering into such Uncommitted Credit Facility and contains certain limited covenants which are substantially the same as the limited covenants contained in the Amended Revolving Credit Facility. All of the Uncommitted Credit Facilities are unsecured and rank equally in right of payment with the Company’s other unsecured indebtedness. During the thirteen-week period ended November 30, 2024 , the Company borrowed an aggregate $111,500 and repaid an aggregate $99,750 under the Credit Facilities. As of November 30, 2024 and August 31, 2024, the weighted-average interest rates on borrowings under the Credit Facilities were 5.49% and 6.24%, respectively. Private Placement Debt In July 2016, the Company completed the issuance and sale of $100,000 aggregate principal amount of 2.90% Senior Notes, Series B, due July 28, 2026; in June 2018, the Company completed the issuance and sale of $20,000 aggregate principal amount of 3.79% Senior Notes, due June 11, 2025; in March 2020, the Company completed the issuance and sale of $50,000 aggregate principal amount of 2.60% Senior Notes, due March 5, 2027; and, in April 2024, the Company completed the issuance and sale of $50,000 aggregate principal amount of 5.73% Senior Notes, due April 18, 2027 (collectively, the “Private Placement Debt”). Interest is payable semiannually at the fixed stated interest rates. All of the Private Placement Debt is unsecured. Covenants Each of the Credit Facilities and the Private Placement Debt imposes several restrictive covenants.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Nov. 30, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Repurchases and Treasury Stock In June 2021, the Board terminated the existing share repurchase plan and authorized a new share repurchase plan (the “Share Repurchase Plan”) to purchase up to 5,000 shares of Class A Common Stock. There is no expiration date for the Share Repurchase Plan. As of November 30, 2024, the maximum number of shares of Class A Common Stock that were available for repurchase under the Share Repurchase Plan was 1,682 shares. The Share Repurchase Plan allows the Company to repurchase shares at any time and in any increments it deems appropriate in accordance with Rule 10b-18 under the Exchange Act. During the thirteen-week period ended November 30, 2024 , the Company repurchased 219 shares of Class A Common Stock for $18,072. From this total, 70 shares were repurchased by the Company to satisfy the Company’s associates’ tax withholding liability associated with its stock-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen-week period ended November 30, 2024 and the remainder were immediately retired. During the thirteen-week period ended December 2, 2023 , the Company repurchased 1,367 shares of Class A Common Stock for $132,045. From this totals, 87 shares were repurchased by the Company to satisfy the Company’s associates’ tax withholding liability associated with its stock-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen-week period ended December 2, 2023 and the remainder were immediately retired. As of November 30, 2024, August 31, 2024 and December 2, 2023, the Company also recorded an accrual for excise tax on share repurchases of $8, $1,523 and $0, respectively, which was included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheets. The Company reissued 14 shares of treasury stock during the thirteen-week period ended November 30, 2024, and reissued 13 shares of treasury stock during the thirteen-week period ended December 2, 2023 to fund the MSC Industrial Direct Co., Inc. Amended and Restated Associate Stock Purchase Plan. Dividends on Common Stock The Company paid aggregate regular cash dividends of $0.85 per share totaling $47,537 for the thirteen-week period ended November 30, 2024. For the thirteen-week period ended December 2, 2023, the Company paid aggregate regular cash dividends of $0.83 per share totaling $47,192. On December 18, 2024, the Board declared a regular cash dividend of $0.85 per share, payable on January 29, 2025, to shareholders of record at the close of business on January 15, 2025. The dividend is expected to result in aggregate payments of $47,480, based on the number of shares outstanding at December 18, 2024. Reclassification In the first quarter of fiscal year 2024, the Company completed its previously announced reclassification (the “Reclassification”) of the common stock to eliminate the Class B Common Stock, par value $0.001 per share (“Class B Common Stock”). At the closing of the Reclassification, each share of Class B Common Stock issued and outstanding immediately prior to the Effective Time was reclassified, exchanged and converted into 1.225 shares of Class A Common Stock.

Restructuring and Other Costs

Restructuring and Other Costs	3 Months Ended
Restructuring and Other Costs	Nov. 30, 2024
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. As part of the Company’s strategic realignment efforts to optimize its supply chain and distribution network and enhance operational efficiency, the Company engaged consultants beginning in fiscal year 2024, and will continue to incur consulting-related costs in fiscal year 2025. In connection with these efforts, in the second half of fiscal year 2024, the Company commenced its plan to sell its CFC in Columbus, Ohio. As such, the Company extended voluntary and involuntary severance and separation benefits to certain associates and incurred consulting-related costs in the same period in order to facilitate its network optimization and workforce realignment that qualify as exit and disposal costs under accounting principles generally accepted in the United States of America. In addition, from time to time, the Company incurs certain expenses that are an integral component of, and directly attribute 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 unaudited Condensed Consolidated Statements of Income. The following table summarizes Restructuring and other costs for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, December 2, Consulting-related costs $ 2,344 $ 76 Associate severance and separation costs — 736 Equity award acceleration costs associated with severance — 104 Total Restructuring and other costs $ 2,344 $ 916 Liabilities associated with Restructuring and other costs are included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheet as of November 30, 2024. The following table summarizes activity related to liabilities associated with Restructuring and other costs for the thirteen-week period ended November 30, 2024: Consulting-related costs Associate severance and separation costs Other exit-related costs Total Balance at August 31, 2024 $ 359 $ 697 $ 180 $ 1,236 Additions 2,344 — — 2,344 Payments and other adjustments (359) (697) — (1,056) Balance at November 30, 2024 $ 2,344 $ — $ 180 $ 2,524

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the thirteen-week period ended November 30, 2024, there were no material changes in unrecognized tax benefits.

Legal Proceedings

Legal Proceedings	3 Months Ended
Legal Proceedings	Nov. 30, 2024
Legal Proceedings [Abstract]
Legal Proceedings	Legal Proceedings In the ordinary course of business, there are various claims, lawsuits and pending actions against the Company incidental to the operation of its business. Although the outcome of these matters, both individually and in aggregate, is currently not determinable, the Company does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Nov. 30, 2024	Dec. 02, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 46,623	$ 69,350

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the SEC. The Company, however, believes that the disclosures contained in this Report comply with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for a Quarterly Report on Form 10-Q and are adequate to make the information presented not misleading.
Fiscal Year	Fiscal Year The Company operates on a 52/53-week fiscal year ending on the Saturday closest to August 31 st of each year. References to “fiscal year 2025” refer to the period from September 1, 2024 to August 30, 2025, which is a 52-week fiscal year. References to “fiscal year 2024” refer to the period from September 3, 2023 to August 31, 2024, which is a 52-week fiscal year. The fiscal quarters ended November 30, 2024 and December 2, 2023 refer to the thirteen weeks ended as of those dates.
Principles of Consolidation	Principles of Consolidation The unaudited Condensed Consolidated Financial Statements include the accounts of MSC Industrial Direct Co., Inc., its wholly owned subsidiaries and entities in which it maintains a controlling financial interest. All significant intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Reclassifications were made to the unaudited Condensed Consolidated Statement of Cash Flows for the thirteen weeks ended December 2, 2023 to conform with the current year presentation.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted In March 2024, the SEC issued its final rule on the enhancement and standardization of climate-related disclosures for investors. These wide-ranging disclosures require annual disclosure of material greenhouse gas emissions as well as disclosure of governance, risk management and strategy related to material climate-related risks. Within the notes to financial statements, the final rule requires disclosure of expenditures recognized, subject to certain thresholds, attributable to severe weather. Outside of the financial statements, the final rule requires qualitative and quantitative disclosures about material Scope 1 and Scope 2 greenhouse gas emissions. Also required is disclosure of the risk management process and the oversight practices of the Board of Directors of the Company (the “Board”) and management related to climate-related risks. The final rule follows a compliance phase-in timeline, with the first requirements required to be adopted for the Company’s fiscal year 2026, followed in later years by greenhouse gas-related requirements. In April 2024, the SEC voluntarily stayed implementation of the final rule pending completion of judicial review of consolidated challenges to the final rule by the Court of Appeals for the Eighth Circuit. The Company is currently evaluating the final rule to determine the impact on its consolidated financial statements and disclosures. In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. The ASU primarily enhances and expands both the income tax rate reconciliation disclosure and the income taxes paid disclosure. The ASU is effective for annual periods beginning after December 15, 2024 (MSC’s fiscal year 2026) on a prospective basis. Early adoption is permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires entities, including those with a single reporting segment, to disclose significant segment expenses that are regularly provided to the chief operating decision maker, among other provisions. The ASU is effective for fiscal year periods beginning after December 15, 2023 (MSC’s fiscal year 2025) and interim periods within fiscal years beginning after December 15, 2024 (MSC’s first quarter of fiscal year 2026), with early adoption permitted. Retrospective application to all prior periods presented in the financial statements is also required. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income- Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires public entities to include more detailed disclosures about specific categories of expenses such as inventory purchases, employee compensation, depreciation, amortization and selling costs within the notes to the financial statements. The ASU is effective for fiscal year periods beginning after December 15, 2026 (MSC’s fiscal year 2028) and interim periods within fiscal years beginning after December 15, 2027 (MSC’s first quarter of fiscal year 2029), with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to have a material impact on the Consolidated Financial Statements.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s percentage of revenue by customer end-market for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 (2) Manufacturing Heavy 57 % 59 % Manufacturing Light 9 % 9 % Public Sector 9 % 8 % Retail/Wholesale 7 % 8 % Commercial Services 4 % 4 % Other (1) 14 % 12 % Total 100 % 100 % (1) The Other category primarily makes up specific industry classifications that do not individually exceed 3% of net sales. (2) Includes changes in customer end-market classifications as a result of the transition from the Standard Industrial Classification (SIC) to the North American Industry Classification System (NAICS) in the first quarter of fiscal year 2025. The following table presents the Company’s percentage of revenue by customer type for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 (1) National Account Customers 37 % 37 % Public Sector Customers 9 % 8 % Core and Other Customers 54 % 55 % Total 100 % 100 % (1) Includes reclassifications of certain customers during fiscal year 2024, primarily between national account customers and core and other customers. The Company’s revenue originating from the following geographic areas was as follows for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, 2024 December 2, 2023 United States 95 % 95 % Mexico 2 % 2 % Canada 2 % 2 % North America 99 % 99 % Other foreign countries 1 % 1 % Total 100 % 100 %

Net Income per Share (Tables)

Net Income per Share (Tables)	3 Months Ended
Net Income per Share (Tables)	Nov. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income per Common Share Under Treasury Stock Method	The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, December 2, Numerator: Net income attributable to MSC Industrial, as reported $ 46,623 $ 69,350 Denominator: Weighted-average shares outstanding for basic net income per share 55,897 56,429 Effect of dilutive securities 171 294 Weighted-average shares outstanding for diluted net income per share 56,068 56,723 Net income per share: Basic $ 0.83 $ 1.23 Diluted $ 0.83 $ 1.22 Potentially dilutive securities 98 —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The Company accounts for all stock-based payments in accordance with Accounting Standards Codification Topic 718, “Compensation—Stock Compensation,” as amended. Stock-based compensation expense included in Operating expenses for the thirteen weeks ended November 30, 2024 and December 2, 2023 was as follows: Thirteen Weeks Ended November 30, December 2, Restricted stock units (1) $ 4,030 $ 4,275 Performance share units (1) (532) 821 Associate Stock Purchase Plan 64 105 Stock-based compensation expense 3,562 5,201 Deferred income tax benefit (876) (1,264) Stock-based compensation expense, net $ 2,686 $ 3,937 (1) Includes equity award acceleration costs associated with associate severance and separation, which are included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income for the thirteen weeks ended December 2, 2023. See Note 9, “Restructuring and Other Costs” for additional information.
Schedule of Performance Share Unit Activity	The following table summarizes all transactions related to PSUs under the MSC Industrial Direct Co., Inc. 2015 Omnibus Incentive Plan (the “2015 Omnibus Incentive Plan”) and the 2023 Omnibus Incentive Plan (the “2023 Omnibus Incentive Plan”) (based on target award amounts) for the thirteen-week period ended November 30, 2024: Shares Weighted-Average Grant Date Fair Value per Share Non-vested PSUs at August 31, 2024 123 $ 88.31 Granted 52 80.52 Vested (38) 84.96 Canceled/Forfeited — — Non-vested PSUs at November 30, 2024 (1) 137 $ 86.31 (1) Excludes approximately 4 shares of accrued incremental dividend equivalent rights on outstanding PSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.
Schedule of Non-Vested Restricted Stock Unit Award Activity	A summary of the Company’s non-vested restricted stock unit (“RSU”) award activity under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan for the thirteen-week period ended November 30, 2024 is as follows: Shares Weighted-Average Grant Date Fair Value per Share Non-vested RSUs at August 31, 2024 431 $ 88.29 Granted 198 80.52 Vested (134) 84.61 Canceled/Forfeited (3) 89.17 Non-vested RSUs at November 30, 2024 (1) 492 $ 86.17 (1) Excludes approximately 24 shares of accrued incremental dividend equivalent rights on outstanding RSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
Accounts Receivable (Tables)	Nov. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivables at November 30, 2024 and August 31, 2024 consisted of the following: November 30, August 31, Accounts receivable $ 430,661 $ 434,490 Less: allowance for credit losses 22,860 22,368 Accounts receivable, net $ 407,801 $ 412,122
Schedule of Loans, Notes, Trade and Other Receivables, Sales	The following table summarizes the activity and amounts outstanding under the RPA for the thirteen-week periods ended November 30, 2024 and December 2, 2023 Thirteen Weeks Ended November 30, December 2, Receivables sold under the RPA $ 308,706 $ 312,980 Cash collected on sold receivables under the RPA $ 308,706 $ 312,980

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Nov. 30, 2024
Debt and Lease Obligation [Abstract]
Schedule of Debt	Debt at November 30, 2024 and August 31, 2024 consisted of the following: November 30, August 31, Amended Revolving Credit Facility $ 85,000 $ 74,000 Uncommitted Credit Facilities 210,250 209,500 Long-Term Note Payable 4,750 4,750 Private Placement Debt: 2.90% Senior Notes, Series B, due July 28, 2026 100,000 100,000 3.79% Senior Notes, due June 11, 2025 20,000 20,000 2.60% Senior Notes, due March 5, 2027 50,000 50,000 5.73% Senior Notes, due April 18, 2027 50,000 50,000 Financing arrangements 51 640 Obligations under finance leases 601 654 Less: unamortized debt issuance costs (685) (780) Total debt, including obligations under finance leases $ 519,967 $ 508,764 Less: current portion (230,077) (1) (229,911) (2) Total long-term debt, including obligations under finance leases $ 289,890 $ 278,853 (1) Consists of $210,250 from the Uncommitted Credit Facilities (as defined below), $20,000 from the 3.79% Series 2019A Notes, $6 from financing arrangements, $204 from obligations under finance leases and net of unamortized debt issuance costs of $383 expected to be amortized in the next 12 months. (2) Consists of $209,500 from the Uncommitted Credit Facilities, $20,000 from the 3.79% Series 2019A Notes, due June 11, 2025, $595 from financing arrangements, $199 from obligations under finance leases and net of unamortized debt issuance costs of $383 expected to be amortized in the next 12 months.

Restructuring and Other Costs (

Restructuring and Other Costs (Tables)	3 Months Ended
Restructuring and Other Costs (Tables)	Nov. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges	The following table summarizes Restructuring and other costs for the thirteen-week periods ended November 30, 2024 and December 2, 2023: Thirteen Weeks Ended November 30, December 2, Consulting-related costs $ 2,344 $ 76 Associate severance and separation costs — 736 Equity award acceleration costs associated with severance — 104 Total Restructuring and other costs $ 2,344 $ 916
Schedule of Restructuring Related Liabilities	The following table summarizes activity related to liabilities associated with Restructuring and other costs for the thirteen-week period ended November 30, 2024: Consulting-related costs Associate severance and separation costs Other exit-related costs Total Balance at August 31, 2024 $ 359 $ 697 $ 180 $ 1,236 Additions 2,344 — — 2,344 Payments and other adjustments (359) (697) — (1,056) Balance at November 30, 2024 $ 2,344 $ — $ 180 $ 2,524

Revenue - Narrative (Details)

Revenue - Narrative (Details)	3 Months Ended	12 Months Ended
Revenue - Narrative (Details)	Nov. 30, 2024 USD ($) segment	Aug. 31, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Accrued sales returns	$ 7,704,000	$ 8,120,000
Contract with customer, refund liability	23,731,000	23,386,000
Prepaid sales incentives	7,200,000	7,493,000
Contract liabilities	0	0
Contract assets	0	$ 0
Performance obligation	$ 0
Number of reportable segments \| segment	1
Number of operating segments \| segment	1
Maximum
Disaggregation of Revenue [Line Items]
Payment term	1 year

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Details) - Revenue from Contract with Customer Benchmark	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	100%	100%
Customer Concentration Risk \| Manufacturing Heavy
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	57%	59%
Customer Concentration Risk \| Manufacturing Light
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	9%	9%
Customer Concentration Risk \| Public Sector
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	9%	8%
Customer Concentration Risk \| Retail/Wholesale
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	7%	8%
Customer Concentration Risk \| Commercial Services
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	4%	4%
Customer Concentration Risk \| Other
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	14%	12%
Customer Concentration Risk \| National Account Customers
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	37%	37%
Customer Concentration Risk \| Public Sector Customers
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	9%	8%
Customer Concentration Risk \| Core and Other Customers
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	54%	55%
Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	100%	100%
Geographic Concentration Risk \| United States
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	95%	95%
Geographic Concentration Risk \| Mexico
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	2%	2%
Geographic Concentration Risk \| Canada
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	2%	2%
Geographic Concentration Risk \| North America
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	99%	99%
Geographic Concentration Risk \| Other foreign countries
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	1%	1%

Net Income per Share - Narrativ

Net Income per Share - Narrative (Details) - $ / shares	Nov. 30, 2024	Aug. 31, 2024
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Class B Common Stock
Common stock, par value (in usd per share)	$ 0.001

Net Income per Share - Computat

Net Income per Share - Computation of Basic and Diluted Net Income per Common Share Under Treasury Stock Method (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Numerator:
Net income attributable to MSC Industrial, as reported	$ 46,623	$ 69,350
Denominator:
Weighted-average shares outstanding for basic net income per share	55,897	56,429
Effect of dilutive securities (in shares)	171	294
Weighted-average shares outstanding for diluted net income per share	56,068	56,723
Net income per share:
Basic (in usd per share)	$ 0.83	$ 1.23
Diluted (in usd per share)	$ 0.83	$ 1.22
Potentially dilutive securities (in shares)	98	0

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 3,562,000	$ 5,201,000
Deferred income tax benefit	(876,000)	(1,264,000)
Stock-based compensation expense, net	2,686,000	3,937,000
Restricted stock units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	4,030,000	4,275,000
Performance share units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	(532,000)	821,000
Associate Stock Purchase Plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 64,000	$ 105,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized share-based compensation cost	$ 0
Stock options exercised	(2)
Exercised (in usd per share)	$ 83.21
Share-based payment arrangement, option, exercise price range, shares outstanding (in shares)	97
Range of exercise price (in USD per share)	$ 83.21
Share-based payment arrangement, option, exercise price range, outstanding, weighted average remaining contractual term	10 months 24 days
Aggregate intrinsic value outstanding	$ 0
Performance share units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Unrecognized share-based compensation cost	$ 6,666,000
Unrecognized share-based compensation weighted average period	2 years
Performance share units \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vested shares, percentage of target award amount	0%
Performance share units \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vested shares, percentage of target award amount	200%
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Unrecognized share-based compensation cost	$ 37,419,000
Unrecognized share-based compensation weighted average period	3 years 2 months 12 days
Employee Stock Option
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total intrinsic value of options exercised	$ 8,000	$ 1,499,000

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Performance Share Unit Activity (Details) shares in Thousands	3 Months Ended
	Nov. 30, 2024 $ / shares shares
Performance share units
Shares
Beginning balance (in shares)	123
Granted (in shares)	52
Vested (in shares)	(38)
Canceled/Forfeited (in shares)	0
Ending balance (in shares)	137
Weighted-Average Grant Date Fair Value per Share
Beginning balance (in usd per share) \| $ / shares	$ 88.31
Granted (in usd per share) \| $ / shares	80.52
Vested (in usd per share) \| $ / shares	84.96
Canceled/Forfeited (in usd per share) \| $ / shares	0
Ending balance (in usd per share) \| $ / shares	$ 86.31
Incremental Dividend Rights Performance Stock Units
Shares
Ending balance (in shares)	4

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Non-Vested Restricted Stock Unit Award Activity (Details) shares in Thousands	3 Months Ended
	Nov. 30, 2024 $ / shares shares
Restricted stock units
Shares
Beginning balance (in shares)	431
Granted (in shares)	198
Vested (in shares)	(134)
Canceled/Forfeited (in shares)	(3)
Ending balance (in shares)	492
Weighted-Average Grant Date Fair Value per Share
Beginning balance (in usd per share) \| $ / shares	$ 88.29
Granted (in usd per share) \| $ / shares	80.52
Vested (in usd per share) \| $ / shares	84.61
Canceled/Forfeited (in usd per share) \| $ / shares	89.17
Ending balance (in usd per share) \| $ / shares	$ 86.17
Incremental Dividend Rights, Restricted Stock Units
Shares
Ending balance (in shares)	24

Fair Value (Details)

Fair Value (Details) ft² in Thousands	3 Months Ended
Fair Value (Details) ft² in Thousands	Nov. 30, 2024 USD ($)	Dec. 02, 2023 USD ($)	Aug. 31, 2024 USD ($)	Mar. 31, 2024 ft²
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value remeasurement of non-financial liabilities on non-recurring basis	$ 0	$ 0
Fair value remeasurement of non-financial assets on non-recurring basis	0	$ 0
Area of property \| ft²				468
Property, plant and equipment, net	362,336,000		$ 360,255,000
Customer Fulfillment Center
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, net	31,758,000
Building and Building Improvements \| Customer Fulfillment Center
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, net	20,663,000
Land \| Customer Fulfillment Center
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, net	4,097,000
Furniture and Fixtures \| Customer Fulfillment Center
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, net	$ 6,998,000

Accounts Receivable - Accounts

Accounts Receivable - Accounts Receivables (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Receivables [Abstract]
Accounts receivable	$ 430,661	$ 434,490
Less: allowance for credit losses	22,860	22,368
Accounts receivable, net	$ 407,801	$ 412,122

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Aug. 31, 2024	Dec. 19, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts receivable, amount authorized for sale				$ 300,000
Accounts receivable, sales transactions fees	$ 4,202	$ 4,611
Purchasers
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts receivable, sale	300
Accounts receivable, collateral, unsold receivables, amount	$ 347,252		$ 349,743

Accounts Receivable (Details)

Accounts Receivable (Details) - Receivables Purchase Agreement - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivables sold under the RPA	$ 308,706	$ 312,980
Cash collected on sold receivables under the RPA	$ 308,706	$ 312,980

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	Nov. 30, 2024	Aug. 31, 2024
Debt Instrument [Line Items]
Long-Term Note Payable	$ 4,750,000	$ 4,750,000
Financing arrangements	51,000	640,000
Obligations under finance leases	601,000	654,000
Less: unamortized debt issuance costs	(685,000)	(780,000)
Total debt, including obligations under finance leases	519,967,000	508,764,000
Less: current portion	(230,077,000)	(229,911,000)
Total long-term debt, including obligations under finance leases	289,890,000	278,853,000
Finance lease, liability, current	204,000	199,000
Unamortized debt issuance costs, current	383,000
Committed Bank Facility
Debt Instrument [Line Items]
Amended Revolving Credit Facility	85,000,000	74,000,000
Uncommitted Bank Facilities
Debt Instrument [Line Items]
Uncommitted Credit Facilities	210,250,000	209,500,000
Financing Arrangement
Debt Instrument [Line Items]
Financing obligations, current	6,000	595,000
Senior Notes Series B \| Private Placement Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 100,000,000	100,000,000
Interest rate	2.90%
Senior Notes Due June 11, 2025 \| Private Placement Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 20,000,000	20,000,000
Interest rate	3.79%
Senior notes, Due March 5, 2027 \| Private Placement Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 50,000,000	50,000,000
Interest rate	2.60%
Senior Notes Due April 18, 2027 \| Private Placement Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 50,000,000	$ 50,000,000
Interest rate	5.73%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facilities Narrative (Details)		1 Months Ended	3 Months Ended		12 Months Ended
Debt - Revolving Credit Facilities Narrative (Details)	Nov. 30, 2024 USD ($)	Aug. 31, 2021 USD ($)	Nov. 30, 2024 USD ($)	Dec. 02, 2023 USD ($)	Aug. 31, 2024 USD ($) facility	Apr. 30, 2017 USD ($)
Debt Instrument [Line Items]
Number of credit facilities \| facility					3
Proceeds from lines of credit			$ 111,500,000	$ 148,000,000
Committed Bank Facility
Debt Instrument [Line Items]
Outstanding balance	$ 85,000,000		$ 85,000,000		$ 74,000,000
Amended Uncommitted Credit Facilities
Debt Instrument [Line Items]
Credit facility, expiration term			1 year
Outstanding balance	210,250,000		$ 210,250,000		$ 209,500,000
Line of credit facility, maximum amount outstanding during period	$ 211,000,000
Proceeds from lines of credit			111,500,000
Repayment of loan facility			$ 99,750,000
Line of credit facility, interest rate at period end	5.49%		5.49%		6.24%
Amended Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity						$ 600,000,000
Credit facility, expiration term		5 years
Amended Revolving Credit Facility \| Letter of Credit
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 50,000,000
Outstanding balance	$ 6,304,000		$ 6,304,000		$ 6,304,000
Amended Revolving Credit Facility \| Committed Bank Facility
Debt Instrument [Line Items]
Available increase in amount borrowed		$ 300,000,000

Debt - Private Placement Debt N

Debt - Private Placement Debt Narrative (Details) - USD ($)	Nov. 30, 2024	Aug. 31, 2024
Private Placement Debt \| Senior Notes Series B
Debt Instrument [Line Items]
Principal amount	$ 100,000,000	$ 100,000,000
Interest rate	2.90%
Private Placement Debt \| Senior Notes Due June 11, 2025
Debt Instrument [Line Items]
Principal amount	$ 20,000,000	20,000,000
Interest rate	3.79%
Private Placement Debt \| Senior notes, Due March 5, 2027
Debt Instrument [Line Items]
Principal amount	$ 50,000,000	50,000,000
Interest rate	2.60%
Private Placement Debt \| Senior Notes Due April 18, 2027
Debt Instrument [Line Items]
Principal amount	$ 50,000,000	$ 50,000,000
Interest rate	5.73%
Senior Notes \| Senior Notes Due April 18, 2027
Debt Instrument [Line Items]
Principal amount	$ 50,000,000
Interest rate	5.73%

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		12 Months Ended
	Dec. 18, 2024	Nov. 30, 2024	Dec. 02, 2023	Aug. 31, 2024	Oct. 31, 2023	Jun. 30, 2021
Components Of Shareholders Equity [Line Items]
Repurchases of common stock		$ (18,072)	$ (132,045)
Stock issued during period, shares, employee stock ownership plan		14,000	13,000
Dividends declared per common share (in usd per share)			$ 0.83
Payments of regular cash dividends		$ (47,537)	$ (47,192)
Common stock, par value (in usd per share)		$ 0.001		$ 0.001
Subsequent Event
Components Of Shareholders Equity [Line Items]
Dividends declared per common share (in usd per share)	$ 0.85
Dividend payable amount	$ 47,480
Treasury Stock
Components Of Shareholders Equity [Line Items]
Repurchases of common stock		$ (18,072)	$ (132,045)
Class A Common Stock
Components Of Shareholders Equity [Line Items]
Stock repurchased during period, including held in treasury (in shares)		219,000	1,367,000
Treasury stock, shares repurchased to satisfy tax withholding obligation		70,000	87,000
Dividends declared per common share (in usd per share)		$ 0.85	$ 0.83
Class of warrant or right, number of securities called by each warrant or right (in shares)					1.225
Class A Common Stock \| Treasury Stock
Components Of Shareholders Equity [Line Items]
Accrual for exercise tax on share repurchase		$ 8	$ 0	$ 1,523
Class B Common Stock
Components Of Shareholders Equity [Line Items]
Common stock, par value (in usd per share)		$ 0.001
Share Repurchase Plan \| Class A Common Stock
Components Of Shareholders Equity [Line Items]
Number of shares authorized for repurchase						5,000
Maximum number of shares that can be repurchased		1,682,000

Restructuring and Other Costs -

Restructuring and Other Costs - Schedule of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Restructuring and Related Activities [Abstract]
Consulting-related costs	$ 2,344	$ 76
Associate severance and separation costs	0	736
Equity award acceleration costs associated with severance	0	104
Total Restructuring and other costs	$ 2,344	$ 916

Restructuring and Other Costs_2

Restructuring and Other Costs (Summary Of Restructuring Related Liabilities) (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 1,236
Additions	2,344
Payments and other adjustments	(1,056)
Ending balance	2,524
Consulting-related costs
Restructuring Reserve [Roll Forward]
Beginning balance	359
Additions	2,344
Payments and other adjustments	(359)
Ending balance	2,344
Associate severance and separation costs
Restructuring Reserve [Roll Forward]
Beginning balance	697
Additions	0
Payments and other adjustments	(697)
Ending balance	0
Other exit-related costs
Restructuring Reserve [Roll Forward]
Beginning balance	180
Additions	0
Payments and other adjustments	0
Ending balance	$ 180

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
Income Taxes (Details) - USD ($)	Nov. 30, 2024	Dec. 02, 2023
Income Tax Disclosure [Abstract]
Unrecognized tax benefits, period increase (decrease)	$ 0
Effective tax rate	24.60%	24.30%