UniFirst (UNF) 10-Q 7 Apr 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Feb. 26, 2022	Apr. 01, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 26, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Registrant Name	UNIFIRST CORPORATION
Entity Central Index Key	0000717954
Current Fiscal Year End Date	--08-27
Entity Filer Category	Large Accelerated Filer
Title of 12(b) Security	Common Stock, $0.10 par value per share
Trading Symbol	UNF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity File Number	001-08504
Entity Tax Identification Number	04-2103460
Entity Address, Address Line One	68 Jonspin Road
Entity Address, City or Town	Wilmington
Entity Address, State or Province	MA
Entity Incorporation, State or Country Code	MA
Entity Address, Postal Zip Code	01887
City Area Code	(978)
Local Phone Number	658-8888
Document Quarterly Report	true
Document Transition Report	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,180,541
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,626,009

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Revenues		$ 486,696	$ 449,764	$ 972,860	$ 896,617
Operating expenses:
Cost of revenues	[1]	324,816	289,455	634,946	565,255
Selling and administrative expenses	[1]	112,406	93,329	216,794	182,032
Depreciation and amortization		26,861	26,287	53,717	52,595
Total operating expenses		464,083	409,071	905,457	799,882
Operating income		22,613	40,693	67,403	96,735
Other (income) expense:
Interest income, net		(751)	(863)	(1,399)	(1,431)
Other (income) expense, net		594	(584)	1,330	165
Total other income, net		(157)	(1,447)	(69)	(1,266)
Income before income taxes		22,770	42,140	67,472	98,001
Provision for income taxes		4,319	9,555	15,316	23,520
Net income		$ 18,451	$ 32,585	$ 52,156	$ 74,481
Income per share – Diluted:
Common stock (in dollars per share)		$ 0.97	$ 1.71	$ 2.75	$ 3.91
Income allocated to – Basic:
Net income allocated for common stockholder basic		$ 18,451	$ 32,585	$ 52,156	$ 74,481
Income allocated to – Diluted:
Common stock		$ 18,451	$ 32,585	$ 52,156	$ 74,481
Weighted average shares outstanding – Basic:
Common stock (in shares)		18,845	18,866	18,860	18,878
Weighted average shares outstanding – Diluted:
Common stock (in shares)		18,967	19,037	18,999	19,032
Common Stock
Income per share – Basic:
Common stock (in dollars per share)		$ 1.02	$ 1.80	$ 2.88	$ 4.10
Income allocated to – Basic:
Net income allocated for common stockholder basic		$ 15,492	$ 27,349	$ 43,792	$ 62,520
Weighted average shares outstanding – Basic:
Common stock (in shares)		15,210	15,223	15,225	15,235
Class B Common Stock
Income per share – Basic:
Common stock (in dollars per share)		$ 0.81	$ 1.44	$ 2.30	$ 3.28
Income allocated to – Basic:
Net income allocated for common stockholder basic		$ 2,959	$ 5,236	$ 8,364	$ 11,961
Weighted average shares outstanding – Basic:
Common stock (in shares)		3,635	3,643	3,635	3,643
[1]	Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 18,451	$ 32,585	$ 52,156	$ 74,481
Other comprehensive income (loss):
Foreign currency translation adjustments	1,149	2,244	(1,650)	3,554
Change in fair value of derivatives, net of income taxes	(40)	(58)	45	(68)
Derivative financial instruments reclassified to earnings	(15)	2	(53)	(9)
Other comprehensive income (loss)	1,094	2,188	(1,658)	3,477
Comprehensive income	$ 19,545	$ 34,773	$ 50,498	$ 77,958

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Current assets:
Cash, cash equivalents and short-term investments	$ 425,887	$ 512,868
Receivables, less reserves of $12,569 and $11,122	237,237	208,331
Inventories	160,835	143,591
Rental merchandise in service	196,690	181,531
Prepaid taxes	9,475	16,580
Prepaid expenses and other current assets	48,743	40,891
Total current assets	1,078,867	1,103,792
Property, plant and equipment, net	627,924	617,719
Goodwill	457,718	429,538
Customer contracts, net	53,595	49,129
Other intangible assets, net	36,626	35,509
Deferred income taxes	565	580
Operating lease right-of-use assets, net	51,237	42,115
Other assets	106,064	102,683
Total assets	2,412,596	2,381,065
Current liabilities:
Accounts payable	84,517	81,356
Accrued liabilities	151,743	159,578
Accrued taxes		743
Operating lease liabilities, current	13,791	12,993
Total current liabilities	250,051	254,670
Accrued liabilities	134,263	134,085
Accrued and deferred income taxes	90,284	89,177
Operating lease liabilities	39,023	30,181
Total liabilities	513,621	508,113
Commitments and contingencies (Note 12)
Shareholders’ equity:
Preferred Stock, $1.00 par value; 2,000,000 shares authorized; no shares issued and outstanding	0	0
Capital surplus	90,006	89,257
Retained earnings	1,833,579	1,806,643
Accumulated other comprehensive loss	(26,494)	(24,836)
Total shareholders’ equity	1,898,975	1,872,952
Total liabilities and shareholders’ equity	2,412,596	2,381,065
Common Stock
Shareholders’ equity:
Common Stock	1,521	1,524
Class B Common Stock
Shareholders’ equity:
Common Stock	$ 363	$ 364

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) - Parenthetical - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Receivables, reserves	$ 12,569	$ 11,122
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	15,209,202	15,235,601
Common stock, shares outstanding (in shares)	15,209,202	15,235,601
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	3,626,009	3,643,009
Common stock, shares outstanding (in shares)	3,626,009	3,643,009

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands		Total	Common Shares	Class B Common Stock	Common StockCommon Shares	Common StockClass B Common Stock	Capital Surplus	Retained Earnings	Retained EarningsCommon Shares	Retained EarningsClass B Common Stock	Accumulated Other Comprehensive Loss
Balance at beginning of period at Aug. 29, 2020		$ 1,741,129			$ 1,525	$ 364	$ 86,645	$ 1,684,565			$ (31,970)
Balance at beginning of period (in shares) at Aug. 29, 2020					15,251	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		41,896						41,896
Change in fair value of derivatives		(21)									(21)
Foreign currency translation		1,310									1,310
Dividends declared Common Stock			$ (3,806)	$ (729)					$ (3,806)	$ (729)
Repurchase of Common Stock		(7,216)			$ (4)		(223)	(6,989)
Repurchase of common stock (in shares)					(41)
Share-based compensation, net	[1]	788					788
Share-based awards exercised, net	[2]	1			$ 1
Share-based awards exercised, net (in shares)	[2]				11
Balance at end of period at Nov. 28, 2020		1,773,352			$ 1,522	$ 364	87,210	1,714,937			(30,681)
Balance at end of period (in shares) at Nov. 28, 2020					15,221	3,643
Balance at beginning of period at Aug. 29, 2020		1,741,129			$ 1,525	$ 364	86,645	1,684,565			(31,970)
Balance at beginning of period (in shares) at Aug. 29, 2020					15,251	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		74,481
Foreign currency translation		3,554
Balance at end of period at Feb. 27, 2021		1,801,110			$ 1,523	$ 364	86,979	1,740,737			(28,493)
Balance at end of period (in shares) at Feb. 27, 2021					15,230	3,643
Balance at beginning of period at Nov. 28, 2020		1,773,352			$ 1,522	$ 364	87,210	1,714,937			(30,681)
Balance at beginning of period (in shares) at Nov. 28, 2020					15,221	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		32,585						32,585
Change in fair value of derivatives		(56)									(56)
Foreign currency translation		2,244									2,244
Dividends declared Common Stock			(3,806)	(728)					(3,806)	(728)
Repurchase of Common Stock		(2,318)			$ (1)		(66)	(2,251)
Repurchase of common stock (in shares)					(12)
Share-based compensation, net	[1]	(165)					(165)
Share-based awards exercised, net	[2]	2			$ 2
Share-based awards exercised, net (in shares)	[2]				21
Balance at end of period at Feb. 27, 2021		1,801,110			$ 1,523	$ 364	86,979	1,740,737			(28,493)
Balance at end of period (in shares) at Feb. 27, 2021					15,230	3,643
Balance at beginning of period at Aug. 28, 2021		1,872,952			$ 1,524	$ 364	89,257	1,806,643			(24,836)
Balance at beginning of period (in shares) at Aug. 28, 2021					15,236	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		33,705						33,705
Change in fair value of derivatives		47									47
Foreign currency translation		(2,799)									(2,799)
Dividends declared Common Stock			(4,566)	(874)					(4,566)	(874)
Repurchase of Common Stock		(4,771)			$ (2)		(124)	(4,645)
Repurchase of common stock (in shares)					(23)
Share-based compensation, net	[1]	1,207					1,207
Share-based awards exercised, net (in shares)	[2]				7
Balance at end of period at Nov. 27, 2021		1,894,901			$ 1,522	$ 364	90,340	1,830,263			(27,588)
Balance at end of period (in shares) at Nov. 27, 2021					15,220	3,643
Balance at beginning of period at Aug. 28, 2021		1,872,952			$ 1,524	$ 364	89,257	1,806,643			(24,836)
Balance at beginning of period (in shares) at Aug. 28, 2021					15,236	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		52,156
Foreign currency translation		(1,650)
Balance at end of period at Feb. 26, 2022		1,898,975			$ 1,521	$ 363	90,006	1,833,579			(26,494)
Balance at end of period (in shares) at Feb. 26, 2022					15,209	3,626
Balance at beginning of period at Nov. 27, 2021		1,894,901			$ 1,522	$ 364	90,340	1,830,263			(27,588)
Balance at beginning of period (in shares) at Nov. 27, 2021					15,220	3,643
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		18,451						18,451
Change in fair value of derivatives		(55)									(55)
Foreign currency translation		1,149									1,149
Dividends declared Common Stock			$ (4,561)	$ (870)					$ (4,561)	$ (870)
Repurchase of Common Stock		(9,995)			$ (5)		(286)	(9,704)
Repurchase of common stock (in shares)					(53)
Share-based compensation, net	[1]	(48)					(48)
Share-based awards exercised, net	[2]	3			$ 3
Share-based awards exercised, net (in shares)	[2]				25
Shares converted					$ 1	$ (1)
Shares converted (in shares)					17	(17)
Balance at end of period at Feb. 26, 2022		$ 1,898,975			$ 1,521	$ 363	$ 90,006	$ 1,833,579			$ (26,494)
Balance at end of period (in shares) at Feb. 26, 2022					15,209	3,626
[1]	These amounts are shown net of any shares withheld by the Company to satisfy certain tax withholding obligations in connection with the vesting of certain restricted stock units.
[2]	These amounts are shown net of the effect of income taxes.

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Unaudited) - Parenthetical - $ / shares	Oct. 20, 2021	Oct. 23, 2019	Feb. 26, 2022	Nov. 27, 2021	Feb. 27, 2021	Nov. 28, 2020
Common Shares
Dividends declared (in dollars per share)	$ 0.30	$ 0.25	$ 0.30	$ 0.30	$ 0.25	$ 0.25
Class B Common Stock
Dividends declared (in dollars per share)	$ 0.24	$ 0.20	$ 0.24	$ 0.24	$ 0.20	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021
Cash flows from operating activities:
Net income	$ 52,156	$ 74,481
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	53,717	52,595
Amortization of deferred financing costs	82	56
Share-based compensation	4,961	3,266
Accretion on environmental contingencies	298	224
Accretion on asset retirement obligations	491	492
Deferred income taxes	1,733	847
Other	(6)	19
Changes in assets and liabilities, net of acquisitions:
Receivables, less reserves	(27,855)	(12,511)
Inventories	(17,189)	(4,287)
Rental merchandise in service	(13,317)	(338)
Prepaid expenses and other current assets and Other assets	(3,926)	2,267
Accounts payable	5,357	(1,923)
Accrued liabilities	(16,928)	11,460
Prepaid and accrued income taxes	5,319	1,368
Net cash provided by operating activities	44,893	128,016
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(42,325)	(7,018)
Capital expenditures, including capitalization of software costs	(60,178)	(66,855)
Proceeds from sale of assets	27	281
Net cash used in investing activities	(102,476)	(73,592)
Cash flows from financing activities:
Proceeds from exercise of share-based awards	3	3
Taxes withheld and paid related to net share settlement of equity awards	(3,803)	(2,643)
Repurchase of Common Stock	(14,766)	(9,534)
Payment of cash dividends	(9,976)	(9,069)
Net cash used in financing activities	(28,542)	(21,243)
Effect of exchange rate changes	(856)	1,544
Net increase (decrease) in cash, cash equivalents and short-term investments	(86,981)	34,725
Cash, cash equivalents and short-term investments at beginning of period	512,868	474,838
Cash, cash equivalents and short-term investments at end of period	425,887	509,563
Supplemental disclosure of cash flow information:
Non-cash capital expenditures	$ 4,581	$ 3,677

Basis of Presentation

Basis of Presentation	6 Months Ended
	Feb. 26, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation These Consolidated Financial Statements of UniFirst Corporation (the “Company”) have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations; however, the Company believes that the information furnished reflects all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim period. It is suggested that these Consolidated Financial Statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended August 28, 2021. There have been no material changes in the accounting policies followed by the Company during the current fiscal year other than the adoption of recent accounting pronouncements discussed in Note 2. Results for an interim period are not indicative of any future interim periods or for an entire fiscal year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Feb. 26, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued updated guidance to modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This guidance was effective for annual reporting periods ending after December 15, 2020, and was required to be applied on a retrospective basis with early adoption permitted. Accordingly, the standard was effective for the Company on August 29, 2021. The Company’s adoption of this guidance on August 29, 2021 did not have a material impact on its financial statements or related disclosures. In December 2019, the FASB issued updated guidance to simplify accounting for income taxes by removing certain exceptions and improving the consistent application of and simplifying U.S. GAAP in other areas of this topic. This guidance is effective for annual reporting periods, and any interim periods within those annual periods, that began after December 15, 2020, with early adoption permitted. The Company’s adoption of this guidance on August 29, 2021 did not have a material impact on its financial statements. In October 2021, the FASB issued updated guidance to improve the accounting for acquired revenue contracts with customers in a business combination. This guidance will be effective for annual reporting periods, and any interim periods within those annual periods, that begin after December 15, 2023 and will be required to be applied on a prospective basis with early adoption permitted. Accordingly, the standard will be effective for the Company on September 1, 2024. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures. In November 2021, the FASB issued updated guidance to increase the transparency of government assistance, including the disclosure of the types of assistance, an entity’s accounting for the assistance and the effect of the assistance on an entity’s financial statements. This guidance will be effective for annual reporting periods that begin after December 15, 2021 and will be required to be applied on a prospective basis with early adoption permitted. Accordingly, the standard will be effective for the Company on August 28, 2022. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Feb. 26, 2022
Revenue From Contract With Customer [Abstract]
Revenue Recognition	3. Revenue Recognition The following table presents the Company’s revenues for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021, respectively, disaggregated by service type: Thirteen Weeks Ended Twenty-Six Weeks Ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 (In thousands, except percentages) Revenues % of Revenues Revenues % of Revenues Revenues % of Revenues Revenues % of Revenues Core Laundry Operations $ 433,056 89.0 % $ 398,235 88.5 % $ 861,902 88.6 % $ 791,425 88.3 % Specialty Garments 35,538 7.3 % 35,222 7.8 % 75,022 7.7 % 73,356 8.2 % First Aid 18,102 3.7 % 16,307 3.6 % 35,936 3.7 % 31,836 3.6 % Total Revenues $ 486,696 100.0 % $ 449,764 100.0 % $ 972,860 100.0 % $ 896,617 100.0 % See Note 16 “Segment Reporting” for additional details of segment definitions. Revenue Recognition Policy During the thirteen weeks ended February 26, 2022 and February 27, 2021, approximately 91.5% and 91.1%, respectively, of the Company’s revenues were derived from fees for route servicing of Core Laundry Operations, Specialty Garments, and First Aid segments performed by the Company’s employees at the customer’s location of business. During the twenty-six weeks ended February 26, 2022 and February 27, 2021, approximately 91.4% and 91.1%, respectively, of the Company’s revenues were derived from fees for route servicing of Core Laundry Operations, Specialty Garments, and First Aid segments performed by the Company’s employees at the customer’s location of business. Revenues from the Company’s route servicing customer contracts represent a single performance obligation. The Company recognizes these revenues over time as services are performed based on the nature of s ervices provided and contractual rates (input method). Certain of the Company’s customer contracts, primarily within the Company’s Core Laundry Operations, include pricing terms and conditions that include components of variable consideration. The variable consideration is typically in the form of consideration due to customer - based performance metrics specified within the contract. Specifically, some contracts contain discounts or rebates that the customer can earn through the achievement of specified volume levels. Each component of variable consideration is earned based on the Company’s actual performance during the measurement period specified within the contract. To determine the transaction price, the Company estimates the variable consideration using the most likely amount method, based on the specific contract provisions and known performance results during the relevant measurement period. When determining if variable consideration should be constrained, the Company considers whether factors outside its control could result in a significant reversal of revenue. In making these assessments, the Company considers the likelihood and magnitude of a potential reversal. The Company’s performance period generally corresponds with the monthly invoice period. No significant constraints on the Company’s revenue recognition were applied during the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 . The Company reassesses these estimates during each reporting period. The Company maintains a liability for these discounts and rebates within accrued liabilities on the consolidated balance sheets. Variable consideration also includes consideration paid to a customer at the beginning of a contract. The Company capitalizes this consideration and amortizes it over the life of the contract as a reduction to revenue in accordance with the updated accounting guidance for revenue recognition. These assets are included in other assets on the consolidated balance sheets. Costs to Obtain a Contract The Company defers commission expenses paid to its employee-partners when the commissions are deemed to be incremental for obtaining the route servicing customer contract. The deferred commissions are amortized on a straight-line basis over the expected period of benefit. The Company reviews the deferred commission balances for impairment on an ongoing basis. Deferred commissions are classified as current or non-current based on the timing of when the Company expects to recognize the expense. The current portion is included in prepaid expenses and other current assets and the non-current portion is included in other assets on the Company’s consolidated balance sheets. As of February 26, 2022, the current and non-current assets related to deferred commissions totaled $14.7 million and $63.4 million, respectively. As of August 28, 2021, the current and non-current assets related to deferred commissions totaled $14.2 million and $60.6 million, respectively. During the thirteen weeks ended February 26, 2022 and February 27, 2021, the Company recorded $3.8 million and $3.6 million, respectively, of amortization expense related to deferred commissions. During the twenty-six weeks ended February 26, 2022 and February 27, 2021, the Company recorded $7.6 million and $7.1 million, respectively, of amortization expense related to deferred commissions. This expense is classified in selling and administrative expenses on the consolidated statements of income.

Acquisitions

Acquisitions	6 Months Ended
	Feb. 26, 2022
Business Combinations [Abstract]
Acquisitions	4. Acquisitions During the twenty-six weeks ended February 26, 2022, the Company completed eight business acquisitions with an aggregate purchase price of approximately $43.7 million, which was primarily assigned to goodwill and intangible assets. The initial allocations of the purchase prices are incomplete with respect to certain assets acquired. The results of operations of these acquisitions have been included in the Company’s consolidated financial results since their respective acquisition dates. These acquisitions were not significant in relation to the Company’s consolidated financial results and, therefore, pro-forma financial information has not been presented.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Feb. 26, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The assets measured at fair value on a recurring basis are summarized in the tables below (in thousands): As of February 26, 2022 Level 1 Level 2 Level 3 Fair Value Assets: Cash equivalents $ 197,120 $ — $ — $ 197,120 Pension plan assets — 3,594 — 3,594 Foreign currency forward contracts — 31 — 31 Total assets at fair value $ 197,120 $ 3,625 $ — $ 200,745 As of August 28, 2021 Level 1 Level 2 Level 3 Fair Value Assets: Cash equivalents $ 197,081 $ — $ — $ 197,081 Pension plan assets — 3,795 — 3,795 Foreign currency forward contracts — 41 — 41 Total assets at fair value $ 197,081 $ 3,836 $ — $ 200,917 The Company’s cash equivalents listed above represent money market securities and are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The Company does not adjust the quoted market price for such financial instruments. The Company’s pension plan assets listed above represent guaranteed deposit accounts that are maintained and operated by Prudential Retirement Insurance and Annuity Company (“PRIAC”). All assets are merged with the general assets of PRIAC and are invested predominantly in privately placed securities and mortgages. At the beginning of each calendar year, PRIAC notifies the Company of the annual rates of interest which will be applied to the amounts held in the guaranteed deposit account during the next calendar year. In determining the interest rate to be applied, PRIAC considers the investment performance of the underlying assets of the prior year; however, regardless of the investment performance the Company is contractually guaranteed a minimum rate of return. As such, the Company’s pension plan assets are included within Level 2 of the fair value hierarchy. The Company’s foreign currency forward contracts represent contracts the Company has entered into to exchange Canadian dollars for U.S. dollars at fixed exchange rates in order to manage its exposure related to the certain forecasted Canadian dollar denominated sales of one of its subsidiaries. These contracts are included in prepaid expenses and other current assets and other long-term assets as of February 26, 2022 and August 28, 2021. The fair value of the forward contracts is based on similar exchange traded derivatives and are, therefore, included within Level 2 of the fair value hierarchy.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Feb. 26, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	6. Derivative Instruments and Hedging Activities As of February 26, 2022, the Company had forward contracts with a notional value of approximately 8.1 million CAD outstanding and recorded the fair value of the contracts of a nominal amount in prepaid expenses and other current assets and other long-term assets with a corresponding nominal gain in accumulated other comprehensive loss, which was recorded net of tax. During the thirteen and twenty-six weeks ended February 26, 2022, the Company reclassified a nominal amount from accumulated other comprehensive loss to revenue, related to the derivative financial instruments. The gain on these forward contracts that resulted in a decrease to accumulated other comprehensive loss as of February 26, 2022 is expected to be reclassified to revenues prior to their maturity on August 29, 2026.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Feb. 26, 2022
Postemployment Benefits [Abstract]
Employee Benefit Plans	7. Employee Benefit Plans Defined Contribution Retirement Savings Plan The Company has a defined contribution retirement savings plan with a 401(k) feature for all eligible U.S. and Canadian employees not under collective bargaining agreements. The Company matches a portion of the employee’s contribution and may make an additional contribution at its discretion. Contributions charged to expense under the plan for the thirteen weeks ended February 26, 2022 and February 27, 2021 were $3.9 million and $4.3 million, respectively. Contributions charged to expense under the plan for the twenty-six weeks ended February 26, 2022 and February 27, 2021 were $9.5 million and $10.1 million, respectively. Pension Plans and Supplemental Executive Retirement Plans The Company maintains an unfunded Supplemental Executive Retirement Plan for certain eligible employees of the Company and one frozen non-contributory defined benefit pension plan. The amounts charged to expense related to these plans for the thirteen weeks ended February 26, 2022 and February 27, 2021 were $0.6 million and $0.8 million, respectively. Nonqualified Deferred Compensation Plan The Company adopted the UniFirst Corporation Deferred Compensation Plan (the “NQDC Plan”) effective on February 1, 2022. The NQDC Plan is an unfunded, nonqualified deferred compensation plan that allows eligible participants to voluntarily defer receipt of their salary and annual cash bonuses up to approved limits. In its discretion, the Company may credit one or more additional contributions to participant accounts. NQDC Plan participants who are not accruing benefits under the Supplemental Executive Retirement Plan are eligible to have discretionary annual employer contributions credited to their NQDC Plan accounts. All participants are also eligible to have employer supplemental contributions and employer discretionary contributions credited to their NQDC Plan accounts. The amounts of such contributions may differ from year to year and from participant to participant. There were no employee or employer contributions charged to expense related to this plan for the thirteen or twenty-six weeks ended February 26, 2022 .

Income Per Share

Income Per Share	6 Months Ended
	Feb. 26, 2022
Earnings Per Share [Abstract]
Income Per Share	8. Income Per Share The Company calculates income per share by allocating income to its unvested participating securities as part of its income per share calculations. The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data): Thirteen Weeks Ended Twenty-Six Weeks Ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 Net income available to shareholders $ 18,451 $ 32,585 $ 52,156 $ 74,481 Allocation of net income for Basic: Common Stock $ 15,492 $ 27,349 $ 43,792 $ 62,520 Class B Common Stock 2,959 5,236 8,364 11,961 $ 18,451 $ 32,585 $ 52,156 $ 74,481 Weighted average number of shares for Basic: Common Stock 15,210 15,223 15,225 15,235 Class B Common Stock 3,635 3,643 3,635 3,643 18,845 18,866 18,860 18,878 Income per share for Basic: Common Stock $ 1.02 $ 1.80 $ 2.88 $ 4.10 Class B Common Stock $ 0.81 $ 1.44 $ 2.30 $ 3.28 The Company is required to calculate diluted income per share for Common Stock using the more dilutive of the following two methods: • The treasury stock method; or • The two-class method assuming a participating security is not exercised or converted. For the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021, the Company’s diluted income per share assumes the conversion of all vested Class B Common Stock into Common Stock and uses the two-class method for its unvested participating shares. The following tables set forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 (in thousands, except per share data): Thirteen weeks ended February 26, 2022 Twenty-six weeks ended February 26, 2022 Earnings to Common Shareholders Common Shares Income Per Share Earnings to Common Shareholders Common Shares Income Per Share As reported - Basic $ 15,492 15,210 $ 1.02 $ 43,792 15,225 $ 2.88 Add: effect of dilutive potential common shares Share-Based Awards — 122 — 139 Class B Common Stock 2,959 3,635 8,364 3,635 As reported – Diluted $ 18,451 18,967 $ 0.97 $ 52,156 18,999 $ 2.75 Thirteen weeks ended February 27, 2021 Twenty-six weeks ended February 27, 2021 Earnings to Common Shareholders Common Shares Income Per Share Earnings to Common Shareholders Common Shares Income Per Share As reported - Basic $ 27,349 15,223 $ 1.80 $ 62,520 15,235 $ 4.10 Add: effect of dilutive potential common shares Share-Based Awards — 171 — 154 Class B Common Stock 5,236 3,643 11,961 3,643 As reported – Diluted $ 32,585 19,037 $ 1.71 $ 74,481 19,032 $ 3.91 Share-based awards that would result in the issuance of 41,364 and 25,722 shares, respectively, of Common Stock were excluded from the calculation of diluted income per share for the thirteen and twenty-six weeks ended February 26, 2022 because they were anti-dilutive. Share-based awards that would result in the issuance of 2,379 and 11,566 shares, respectively, of Common Stock were excluded from the calculation of diluted income per share for the thirteen and twenty-six weeks ended February 27, 2021 because they were anti-dilutive.

Inventories

Inventories	6 Months Ended
	Feb. 26, 2022
Inventory Disclosure [Abstract]
Inventories	9. Inventories Inventories are stated at the lower of cost or net realizable value, net of any reserve for excess and obsolete inventory. Work-in-process and finished goods inventories consist of materials, labor and manufacturing overhead. Judgments and estimates are used in determining the likelihood that new goods on hand can be sold to customers or used in rental operations. Historical inventory usage and current revenue trends are considered in estimating both excess and obsolete inventories. If actual product demand and market conditions are less favorable than those projected by management, additional inventory write-downs may be required. The Company uses the first-in, first-out (“FIFO”) method to value its inventories. The components of inventory as of February 26, 2022 and August 28, 2021 were as follows (in thousands): February 26, 2022 August 28, 2021 Raw materials $ 26,830 $ 24,846 Work in process 3,252 4,703 Finished goods 130,753 114,042 Total inventories $ 160,835 $ 143,591

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Feb. 26, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	10. Goodwill and Other Intangible Assets When the Company acquires a business, the amount assigned to the tangible assets and liabilities and intangible assets acquired is based on their respective fair values determined as of the acquisition date. The excess of the purchase price over the tangible assets and liabilities and intangible assets is recorded as goodwill. The changes in the carrying amount of goodwill are as follows (in thousands): Balance as of August 28, 2021 $ 429,538 Goodwill recorded during the period 28,237 Other (57 ) Balance as of February 26, 2022 $ 457,718 Intangible assets, net in the Company’s consolidated balance sheets are as follows (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Amount February 26, 2022 Customer contracts $ 246,844 $ 193,249 $ 53,595 Software 77,295 42,942 34,353 Other intangible assets 37,585 35,312 2,273 $ 361,724 $ 271,503 $ 90,221 August 28, 2021 Customer contracts $ 237,384 $ 188,255 $ 49,129 Software 74,475 40,763 33,712 Other intangible assets 36,866 35,069 1,797 $ 348,725 $ 264,087 $ 84,638

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Feb. 26, 2022
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	11. Asset Retirement Obligations The Company recognizes asset retirement obligations in the period in which they are incurred if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The Company continues to depreciate, on a straight-line basis, the amount added to property, plant and equipment and recognizes accretion expense in connection with the discounted liability over the various remaining lives which range from approximately 1 to 22 years. A reconciliation of the Company’s asset retirement liability for the twenty-six weeks ended February 26, 2022 was as follows (in thousands): February 26, 2022 Beginning balance as of August 28, 2021 $ 14,887 Accretion expense 491 Effect of exchange rate changes (154 ) Balance as of February 26, 2022 $ 15,224 Asset retirement obligations are included in long-term accrued liabilities in the Company’s consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 26, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Lease Commitments The Company has operating leases for certain operating facilities, vehicles and equipment, which provide the right to use the underlying asset and require lease payments over the term of the lease. Each new contract is evaluated to determine if an arrangement contains a lease and whether that lease meets the classification criteria of a finance or operating lease. All identified leases are recorded on the consolidated balance sheet with a corresponding operating lease right-of-use asset, net, representing the right to use the underlying asset for the lease term and the operating lease liabilities representing the obligation to make lease payments arising from the lease. Short-term operating leases, which have an initial term of twelve months or less, are not recorded on the consolidated balance sheet. Operating lease right-of-use assets, net and operating lease liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term and include options to extend or terminate the lease when they are reasonably certain to be exercised. The present value of lease payments is determined primarily using the incremental borrowing rate based on the information available as of the lease commencement date. Lease expense for operating leases is recorded on a straight-line basis over the lease term and variable lease costs are recorded as incurred. Both lease expense and variable lease costs are primarily recorded in cost of revenues on the Company's consolidated statements of income. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table presents the operating lease cost and information related to the operating lease right-of-use assets, net and operating lease liabilities for the twenty-six weeks ended February 26, 2022: (In thousands, except lease term and discount rate) Lease cost Operating lease costs including short-term lease expense and variable lease costs, which were immaterial in the period $ 10,904 Operating cash flow impacts Cash paid for amounts included in the measurement of operating lease liabilities $ 3,538 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 14,552 Weighted-average remaining lease term - operating leases 4.23 Weighted-average discount rate - operating leases 1.95 % The contractual future minimum lease payments of the Company's operating lease liabilities by fiscal year are as follows as of February 26, 2022: (In thousands) 2022 (remaining six months) $ 7,372 2023 13,971 2024 10,895 2025 8,297 2026 6,304 Thereafter 7,526 Total payments 54,365 Less interest (1,551 ) Total present value of lease payments $ 52,814 Environmental and Legal Contingencies The Company and its operations are subject to various federal, state and local laws and regulations governing, among other things, air emissions, wastewater discharges, and the generation, handling, storage, transportation, treatment and disposal of hazardous wastes and other substances. In particular, industrial laundries currently use and must dispose of detergent wastewater and other residues, and, in the past, used perchloroethylene and other dry-cleaning solvents. The Company is attentive to the environmental concerns surrounding the disposal of these materials and has, through the years, taken measures to avoid their improper disposal. The Company has settled, or contributed to the settlement of, past actions or claims brought against the Company relating to the disposal of hazardous materials at several sites and there can be no assurance that the Company will not have to expend material amounts to remediate the consequences of any such disposal in the future. U.S. GAAP requires that a liability for contingencies be recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Significant judgment is required to determine the existence of a liability, as well as the amount to be recorded. The Company regularly consults with attorneys and outside consultants in its consideration of the relevant facts and circumstances before recording a contingent liability. Changes in enacted laws, regulatory orders or decrees, management’s estimates of costs, risk-free interest rates, insurance proceeds, participation by other parties, the timing of payments, the input of the Company’s attorneys and outside consultants or other factual circumstances could have a material impact on the amounts recorded for environmental and other contingent liabilities. Under environmental laws, an owner or lessee of real estate may be liable for the costs of removal or remediation of certain hazardous or toxic substances located on, or in, or emanating from, such property, as well as related costs of investigation and property damage. Such laws often impose liability without regard to whether the owner or lessee knew of, or was responsible for, the presence of such hazardous or toxic substances. There can be no assurances that acquired or leased locations have been operated in compliance with environmental laws and regulations or that future uses or conditions will not result in the imposition of liability upon the Company under such laws or expose the Company to third-party actions such as tort suits. The Company continues to address environmental conditions under terms of consent orders negotiated with the applicable environmental authorities or otherwise with respect to certain sites. The Company has accrued certain costs related to certain sites, including but not limited to sites in Woburn and Somerville, Massachusetts, as it has been determined that the costs are probable and can be reasonably estimated. The Company, together with multiple other companies, is party to a consent decree related to its property and parcels of land (the “Central Area”) at a site in Woburn, Massachusetts. The United States Environmental Protection Agency (the “EPA”) has provided the Company and other signatories to the consent decree with comments on the design and implementation of groundwater and soil remedies at the Woburn site and investigation of environmental conditions in the Central Area. The consent decree does not address any remediation work that may be required in the Central Area. The Company, and other signatories, have implemented and proposed to do additional work at the Woburn site but many of the EPA’s comments remain to be resolved. The Company has accrued costs to perform certain work responsive to the EPA’s comments. Additionally, the Company has implemented mitigation measures and continues to monitor environmental conditions at the Somerville, Massachusetts site. The Company has agreed to undertake additional actions responsive to a notice of audit findings from the Massachusetts Department of Environmental Protection concerning a regulatory submittal that the Company made in 2009 for a portion of the site. The Company has received demands from the local transit authority for reimbursement of certain costs associated with its construction of a new municipal transit station in the area of the Somerville site. This station is part of an ongoing extension of the transit system. The Company has reserved for costs in connection with this matter; however, in light of the uncertainties associated with this matter, these costs and the related reserve may change. The Company routinely reviews and evaluates sites that may require remediation and monitoring and determines its estimated costs based on various estimates and assumptions. These estimates are developed using its internal sources or by third party environmental engineers or other service providers. Internally developed estimates are based on: • Management’s judgment and experience in remediating and monitoring the Company’s sites; • Information available from regulatory agencies as to costs of remediation and monitoring; • The number, financial resources and relative degree of responsibility of other potentially responsible parties (“PRPs”) who may be liable for remediation and monitoring of a specific site; and • The typical allocation of costs among PRPs. There is usually a range of reasonable estimates of the costs associated with each site. In accordance with U.S. GAAP, the Company’s accruals reflect the amount within the range that it believes is the best estimate or the low end of a range of estimates if no point within the range is a better estimate. Where it believes that both the amount of a particular liability and the timing of the payments are reliably determinable, the Company adjusts the cost in current dollars using a rate of 3% for inflation until the time of expected payment and discounts the cost to present value using current risk-free interest rates. As of February 26, 2022, the risk-free interest rates utilized by the Company ranged from 1.76% to 2.37%. For environmental liabilities that have been discounted, the Company includes interest accretion, based on the effective interest method, in selling and administrative expenses on the Company’s consolidated statements of income. The changes to the Company’s environmental liabilities for the twenty-six weeks ended February 26, 2022 were as follows (in thousands): February 26, 2022 Balance as of August 28, 2021 $ 32,859 Revisions in estimates — Costs incurred for which reserves have been provided (792 ) Insurance proceeds 62 Interest accretion 298 Changes in discount rates (1,057 ) Balance as of February 26, 2022 $ 31,370 Anticipated payments and insurance proceeds of currently identified environmental remediation liabilities as of February 26, 2022, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below. (In thousands) 2022 2023 2024 2025 2026 Thereafter Total Estimated costs – current dollars $ 11,699 $ 2,530 $ 2,080 $ 1,366 $ 1,129 $ 12,711 $ 31,515 Estimated insurance proceeds (148 ) (159 ) (173 ) (159 ) (173 ) (380 ) (1,192 ) Net anticipated costs $ 11,551 $ 2,371 $ 1,907 $ 1,207 $ 956 $ 12,331 $ 30,323 Effect of inflation 8,210 Effect of discounting (7,163 ) Balance as of February 26, 2022 $ 31,370 Estimated insurance proceeds are primarily received from an annuity received as part of a legal settlement with an insurance company. Annual proceeds of approximately $0.3 million are deposited into an escrow account which funds remediation and monitoring costs for two sites related to former operations in Williamstown, Vermont. Annual proceeds received but not expended in the current year accumulate in this account and may be used in future years for costs related to this site through the year 2027. As of February 26, 2022, the balance in this escrow account, which is held in a trust and is not recorded in the Company’s consolidated balance sheet, was approximately $4.6 million. Also included in estimated insurance proceeds are amounts the Company is entitled to receive pursuant to legal settlements as reimbursements from three insurance companies for estimated costs at the site in Uvalde, Texas. The Company’s nuclear garment decontamination facilities are licensed by respective state agencies, as delegated authority by the Nuclear Regulatory Commission (the “NRC”) pursuant to the NRC’s Agreement State program and are subject to applicable federal and state radioactive material regulations. In addition, the Company’s international locations (Canada, the United Kingdom and the European Union) are regulated by equivalent respective jurisdictional authorities. There can be no assurance that such regulation will not lead to material disruptions in the Company’s garment decontamination business. From time to time, the Company is also subject to legal proceedings and claims arising from the conduct of its business operations, including personal injury claims, customer contract matters, employment claims and environmental matters as described above. While it is impossible for the Company to ascertain the ultimate legal and financial liability with respect to contingent liabilities, including lawsuits and environmental contingencies, the Company believes that the aggregate amount of such liabilities, if any, in excess of amounts covered by insurance have been properly accrued in accordance with U.S. GAAP. It is possible, however, that the future financial position and/or results of operations for any particular future period could be materially affected by changes in the Company’s assumptions or strategies related to these contingencies or changes out of the Company’s control.

Income Taxes

Income Taxes	6 Months Ended
	Feb. 26, 2022
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes In accordance with ASC 740, Income Taxes (“ASC 740”), each interim period is considered integral to the annual period and tax expense is measured using an estimated annual effective tax rate. An entity is required to record income tax expense each quarter based on its annual effective tax rate estimated for the full fiscal year and use that rate to provide for income taxes on a current year-to-date basis, adjusted for discrete taxable events that occur during the interim period. Effective tax rate The Company’s effective tax rate for the thirteen weeks ended February 26, 2022 was 19.0% as compared to 22.7% for the corresponding period in the prior year. The Company’s effective tax rate for the twenty-six weeks ended February 26, 2022 was 22.7% as compared to 24.0% for the corresponding period in the prior year. the release of certain tax reserves. Uncertain tax positions The Company recognizes interest and penalties related to uncertain tax positions as a component of income tax expense, which is consistent with the recognition of these items in prior reporting periods. During the twenty-six weeks ended February 26, 2022, there was a net decrease in unrecognized tax position of $0.7 million related to existing reserves. All U.S. and Canadian federal income tax statutes have lapsed for filings up to and including fiscal years 2015 and 2013, respectively. With a few exceptions, the Company is no longer subject to state and local income tax examinations for periods prior to fiscal 2016. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change significantly in the next 12 months.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Feb. 26, 2022
Debt Disclosure [Abstract]
Long-Term Debt	14. Long-Term Debt On March 26, 2021, the Company entered into an amended and restated $175.0 million unsecured revolving credit agreement (the “2021 Credit Agreement”) with a syndicate of banks, which matures on March 26, 2026. The 2021 Credit Agreement amended and restated the Company’s prior credit agreement, which was scheduled to mature on April 11, 2021. Under the 2021 Credit Agreement, the Company is able to borrow funds at variable interest rates based on, at the Company’s election, the Eurodollar rate or a base rate, plus in each case a spread based on the Company’s consolidated funded debt ratio. Availability of credit requires compliance with certain financial and other covenants, including a maximum consolidated funded debt ratio and minimum consolidated interest coverage ratio as defined in the 2021 Credit Agreement. The Company tests its compliance with these financial covenants on a fiscal quarterly basis. As of February 26, 2022, the interest rates applicable to the Company’s borrowings under the 2021 Credit Agreement would be calculated as LIBOR plus 1.00% at the time of the respective borrowing. As of February 26, 2022, the Company had no outstanding borrowings and had outstanding letters of credit amounting to $67.6 million, leaving $107.4 million available for borrowing under the 2021 Credit Agreement. As of February 26, 2022, the Company was in compliance with all covenants under the 2021 Credit Agreement.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Feb. 26, 2022
Stockholders Equity Note [Abstract]
Accumulated Other Comprehensive Loss	15. Accumulated Other Comprehensive Loss The changes in each component of accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 were as follows (in thousands): Thirteen weeks ended February 26, 2022 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of November 27, 2021 $ (20,600 ) $ (7,066 ) $ 78 $ (27,588 ) Other comprehensive income (loss) before reclassification 1,149 — (40 ) 1,109 Amounts reclassified from accumulated other comprehensive loss — — (15 ) (15 ) Net current period other comprehensive (loss) income 1,149 — (55 ) 1,094 Balance as of February 26, 2022 $ (19,451 ) $ (7,066 ) $ 23 $ (26,494 ) Twenty-six weeks ended February 26, 2022 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of August 28, 2021 $ (17,801 ) $ (7,066 ) $ 31 $ (24,836 ) Other comprehensive income (loss) before reclassification (1,650 ) — 45 (1,605 ) Amounts reclassified from accumulated other comprehensive loss — — (53 ) (53 ) Net current period other comprehensive (loss) income (1,650 ) — (8 ) (1,658 ) Balance as of February 26, 2022 $ (19,451 ) $ (7,066 ) $ 23 $ (26,494 ) Thirteen weeks ended February 27, 2021 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of November 28, 2020 $ (20,699 ) $ (10,026 ) $ 44 $ (30,681 ) Other comprehensive (loss) income before reclassification 2,244 — (58 ) 2,186 Amounts reclassified from accumulated other comprehensive loss — — 2 2 Net current period other comprehensive (loss) income 2,244 — (56 ) 2,188 Balance as of February 27, 2021 $ (18,455 ) $ (10,026 ) $ (12 ) $ (28,493 ) Twenty-six weeks ended February 27, 2021 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of August 29, 2020 $ (22,009 ) $ (10,026 ) $ 65 $ (31,970 ) Other comprehensive income (loss) before reclassification 3,554 — (68 ) 3,486 Amounts reclassified from accumulated other comprehensive loss — — (9 ) (9 ) Net current period other comprehensive (loss) income 3,554 — (77 ) 3,477 Balance as of February 27, 2021 $ (18,455 ) $ (10,026 ) $ (12 ) $ (28,493 ) (1) Amounts are shown net of tax Amounts reclassified from accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 Derivative financial instruments, net: Forward contracts (b) $ (15 ) $ 2 $ (53 ) $ (9 ) Total, net of tax (15 ) 2 (53 ) (9 ) Total amounts reclassified, net of tax $ (15 ) $ 2 $ (53 ) $ (9 ) (a) Amounts included in selling and administrative expenses in the consolidated statements of income. (b) Amounts included in revenues in the accompanying consolidated statements of income.

Segment Reporting

Segment Reporting	6 Months Ended
	Feb. 26, 2022
Segment Reporting [Abstract]
Segment Reporting	16. Segment Reporting Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company’s chief operating decision maker is the Company’s chief executive officer. The Company has six operating segments based on the information reviewed by its chief executive officer: U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (“MFG”), Corporate, Specialty Garments and First Aid. The U.S. Rental and Cleaning and Canadian Rental and Cleaning operating segments have been combined to form the U.S. and Canadian Rental and Cleaning reporting segment, and as a result, the Company has five reporting segments. The U.S. and Canadian Rental and Cleaning reporting segment purchases, rents, cleans, delivers and sells uniforms and protective clothing and non-garment items in the United States and Canada. The laundry locations of the U.S. and Canadian Rental and Cleaning reporting segment are referred to by the Company as “industrial laundries” or “industrial laundry locations.” The MFG operating segment designs and manufactures uniforms and non-garment items primarily for the purpose of providing these goods to the U.S. and Canadian Rental and Cleaning reporting segment. MFG revenues are primarily generated when goods are shipped from the Company’s manufacturing facilities, or its subcontract manufacturers, to other Company locations. These intercompany revenues are recorded at a transfer price which is typically in excess of the actual manufacturing cost. Manufactured products are carried in inventory until placed in service at which time they are amortized at this transfer price. On a consolidated basis, intercompany revenues and income are eliminated and the carrying value of inventories and rental merchandise in service is reduced to the manufacturing cost. Income before income taxes from MFG net of the intercompany MFG elimination offsets the merchandise amortization costs incurred by the U.S. and Canadian Rental and Cleaning reporting segment as the merchandise costs of this reporting segment are amortized and recognized based on inventories purchased from MFG at the transfer price which is above the Company’s manufacturing cost. The Corporate operating segment consists of costs associated with the Company’s distribution center, sales and marketing, information systems, engineering, procurement, supply chain, accounting and finance, human resources, other general and administrative costs and interest expense. The revenues generated from the Corporate operating segment represent certain direct sales made by the Company directly from its distribution center. The products sold by this operating segment are the same products rented and sold by the U.S. and Canadian Rental and Cleaning reporting segment. No assets or capital expenditures are allocated to this operating segment in the information reviewed by the chief executive officer. However, depreciation and amortization expense related to certain assets are reflected in operating income and income before income taxes for the Corporate operating segment. The assets that give rise to this depreciation and amortization are included in the total assets of the U.S. and Canadian Rental and Cleaning reporting segment as this is how they are tracked and reviewed by the Company. The majority of expenses accounted for within the Corporate segment relate to costs of the U.S. and Canadian Rental and Cleaning segment, with the remainder of the costs relating to the Specialty Garment and First Aid segments. The Specialty Garments operating segment purchases, rents, cleans, delivers and sells, specialty garments and non-garment items primarily for nuclear and cleanroom applications and provides cleanroom cleaning services at limited customer locations. The First Aid operating segment sells first aid cabinet services and other safety supplies , provides certain safety training , as well as maintains wholesale distribution and pill packaging operations. The Company refers to the U.S. and Canadian Rental and Cleaning, MFG, and Corporate reporting segments combined as its “Core Laundry Operations,” which is included as a subtotal in the following table (in thousands): Thirteen weeks ended U.S. and Canadian Rental and Cleaning MFG Net Interco MFG Elim Corporate Subtotal Core Laundry Operations Specialty Garments First Aid Total February 26, 2022 Revenues $ 424,896 $ 65,618 $ (65,618 ) $ 8,160 $ 433,056 $ 35,538 $ 18,102 $ 486,696 Operating income (loss) $ 59,914 $ 14,826 $ 1,545 $ (57,540 ) $ 18,745 $ 3,850 $ 18 $ 22,613 Interest income, net $ (814 ) $ — $ — $ 63 $ (751 ) $ — $ — $ (751 ) Income (loss) before taxes $ 60,711 $ 14,711 $ 1,545 $ (58,067 ) $ 18,900 $ 3,849 $ 21 $ 22,770 February 27, 2021 Revenues $ 388,627 $ 54,549 $ (54,549 ) $ 9,608 $ 398,235 $ 35,222 $ 16,307 $ 449,764 Operating income (loss) $ 59,156 $ 14,774 $ 4,178 $ (42,742 ) $ 35,366 $ 5,234 $ 93 $ 40,693 Interest income, net $ (778 ) $ — $ — $ (85 ) $ (863 ) $ — $ — $ (863 ) Income (loss) before taxes $ 59,845 $ 14,736 $ 4,178 $ (43,317 ) $ 35,442 $ 6,603 $ 95 $ 42,140 Twenty-six weeks ended February 26, 2022 Revenues $ 844,949 $ 156,343 $ (156,343 ) $ 16,953 $ 861,902 $ 75,022 $ 35,936 $ 972,860 Operating income (loss) $ 133,839 $ 38,851 $ (6,054 ) $ (111,384 ) $ 55,252 $ 12,479 $ (328 ) $ 67,403 Interest income, net $ (1,480 ) $ — $ — $ 81 $ (1,399 ) $ — $ — $ (1,399 ) Income (loss) before taxes $ 135,281 $ 38,677 $ (6,054 ) $ (112,057 ) $ 55,847 $ 11,954 $ (329 ) $ 67,472 February 27, 2021 Revenues $ 774,785 $ 113,631 $ (113,631 ) $ 16,640 $ 791,425 $ 73,356 $ 31,836 $ 896,617 Operating income (loss) $ 133,996 $ 34,584 $ 3,184 $ (87,528 ) $ 84,236 $ 12,393 $ 106 $ 96,735 Interest income, net $ (1,471 ) $ — $ — $ 40 $ (1,431 ) $ — $ — $ (1,431 ) Income (loss) before taxes $ 135,387 $ 34,410 $ 3,184 $ (88,700 ) $ 84,281 $ 13,611 $ 109 $ 98,001

Shares Repurchased and Dividend

Shares Repurchased and Dividends	6 Months Ended
	Feb. 26, 2022
Equity [Abstract]
Shares Repurchased and Dividends	17. Shares Repurchased and Dividends On October 20, 2021, the Company announced that it would be raising its quarterly dividend to $0.30 per share of Common Stock and to $0.24 per share of Class B Common Stock, up from $0.25 and $0.20 per share, respectively. The amount and timing of any dividend payment is subject to the approval of the Board of Directors each quarter. On January 2, 2019, the Company’s Board of Directors approved a share repurchase program (the “2019 Share Repurchase Program”) authorizing the Company to repurchase from time to time up to $100.0 million of its outstanding shares of Common Stock. On October 18, 2021, the Company’s Board of Directors authorized a new share repurchase program (the “2021 Share Repurchase Program” and, together with the 2019 Share Repurchase Program, the “Share Repurchase Programs”) to repurchase from time to time up to $100.0 million of our outstanding shares of Common Stock, inclusive of the amount which remained available under the existing share repurchase program approved on January 2, 2019. Repurchases made under the new program, if any, will be made in either the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will depend on a variety of factors, including economic and market conditions, the Company stock price, corporate liquidity requirements and priorities, applicable legal requirements and other factors. The share repurchase program will be funded using the Company’s available cash or capacity under its 2021 Credit Agreement and may be suspended or discontinued at any time.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Feb. 26, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued updated guidance to modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This guidance was effective for annual reporting periods ending after December 15, 2020, and was required to be applied on a retrospective basis with early adoption permitted. Accordingly, the standard was effective for the Company on August 29, 2021. The Company’s adoption of this guidance on August 29, 2021 did not have a material impact on its financial statements or related disclosures. In December 2019, the FASB issued updated guidance to simplify accounting for income taxes by removing certain exceptions and improving the consistent application of and simplifying U.S. GAAP in other areas of this topic. This guidance is effective for annual reporting periods, and any interim periods within those annual periods, that began after December 15, 2020, with early adoption permitted. The Company’s adoption of this guidance on August 29, 2021 did not have a material impact on its financial statements. In October 2021, the FASB issued updated guidance to improve the accounting for acquired revenue contracts with customers in a business combination. This guidance will be effective for annual reporting periods, and any interim periods within those annual periods, that begin after December 15, 2023 and will be required to be applied on a prospective basis with early adoption permitted. Accordingly, the standard will be effective for the Company on September 1, 2024. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures. In November 2021, the FASB issued updated guidance to increase the transparency of government assistance, including the disclosure of the types of assistance, an entity’s accounting for the assistance and the effect of the assistance on an entity’s financial statements. This guidance will be effective for annual reporting periods that begin after December 15, 2021 and will be required to be applied on a prospective basis with early adoption permitted. Accordingly, the standard will be effective for the Company on August 28, 2022. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Feb. 26, 2022
Revenue From Contract With Customer [Abstract]
Schedule of Total Revenue Disaggregated by Service Type	The following table presents the Company’s revenues for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021, respectively, disaggregated by service type: Thirteen Weeks Ended Twenty-Six Weeks Ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 (In thousands, except percentages) Revenues % of Revenues Revenues % of Revenues Revenues % of Revenues Revenues % of Revenues Core Laundry Operations $ 433,056 89.0 % $ 398,235 88.5 % $ 861,902 88.6 % $ 791,425 88.3 % Specialty Garments 35,538 7.3 % 35,222 7.8 % 75,022 7.7 % 73,356 8.2 % First Aid 18,102 3.7 % 16,307 3.6 % 35,936 3.7 % 31,836 3.6 % Total Revenues $ 486,696 100.0 % $ 449,764 100.0 % $ 972,860 100.0 % $ 896,617 100.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Feb. 26, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The assets measured at fair value on a recurring basis are summarized in the tables below (in thousands): As of February 26, 2022 Level 1 Level 2 Level 3 Fair Value Assets: Cash equivalents $ 197,120 $ — $ — $ 197,120 Pension plan assets — 3,594 — 3,594 Foreign currency forward contracts — 31 — 31 Total assets at fair value $ 197,120 $ 3,625 $ — $ 200,745 As of August 28, 2021 Level 1 Level 2 Level 3 Fair Value Assets: Cash equivalents $ 197,081 $ — $ — $ 197,081 Pension plan assets — 3,795 — 3,795 Foreign currency forward contracts — 41 — 41 Total assets at fair value $ 197,081 $ 3,836 $ — $ 200,917

Income Per Share (Tables)

Income Per Share (Tables)	6 Months Ended
	Feb. 26, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic Income Per Share	The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data): Thirteen Weeks Ended Twenty-Six Weeks Ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 Net income available to shareholders $ 18,451 $ 32,585 $ 52,156 $ 74,481 Allocation of net income for Basic: Common Stock $ 15,492 $ 27,349 $ 43,792 $ 62,520 Class B Common Stock 2,959 5,236 8,364 11,961 $ 18,451 $ 32,585 $ 52,156 $ 74,481 Weighted average number of shares for Basic: Common Stock 15,210 15,223 15,225 15,235 Class B Common Stock 3,635 3,643 3,635 3,643 18,845 18,866 18,860 18,878 Income per share for Basic: Common Stock $ 1.02 $ 1.80 $ 2.88 $ 4.10 Class B Common Stock $ 0.81 $ 1.44 $ 2.30 $ 3.28
Schedule of Computation of Diluted Income Per Share	The following tables set forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 (in thousands, except per share data): Thirteen weeks ended February 26, 2022 Twenty-six weeks ended February 26, 2022 Earnings to Common Shareholders Common Shares Income Per Share Earnings to Common Shareholders Common Shares Income Per Share As reported - Basic $ 15,492 15,210 $ 1.02 $ 43,792 15,225 $ 2.88 Add: effect of dilutive potential common shares Share-Based Awards — 122 — 139 Class B Common Stock 2,959 3,635 8,364 3,635 As reported – Diluted $ 18,451 18,967 $ 0.97 $ 52,156 18,999 $ 2.75 Thirteen weeks ended February 27, 2021 Twenty-six weeks ended February 27, 2021 Earnings to Common Shareholders Common Shares Income Per Share Earnings to Common Shareholders Common Shares Income Per Share As reported - Basic $ 27,349 15,223 $ 1.80 $ 62,520 15,235 $ 4.10 Add: effect of dilutive potential common shares Share-Based Awards — 171 — 154 Class B Common Stock 5,236 3,643 11,961 3,643 As reported – Diluted $ 32,585 19,037 $ 1.71 $ 74,481 19,032 $ 3.91

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Feb. 26, 2022
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	The components of inventory as of February 26, 2022 and August 28, 2021 were as follows (in thousands): February 26, 2022 August 28, 2021 Raw materials $ 26,830 $ 24,846 Work in process 3,252 4,703 Finished goods 130,753 114,042 Total inventories $ 160,835 $ 143,591

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Feb. 26, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill are as follows (in thousands): Balance as of August 28, 2021 $ 429,538 Goodwill recorded during the period 28,237 Other (57 ) Balance as of February 26, 2022 $ 457,718
Schedule of Intangible Assets, Net	Intangible assets, net in the Company’s consolidated balance sheets are as follows (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Amount February 26, 2022 Customer contracts $ 246,844 $ 193,249 $ 53,595 Software 77,295 42,942 34,353 Other intangible assets 37,585 35,312 2,273 $ 361,724 $ 271,503 $ 90,221 August 28, 2021 Customer contracts $ 237,384 $ 188,255 $ 49,129 Software 74,475 40,763 33,712 Other intangible assets 36,866 35,069 1,797 $ 348,725 $ 264,087 $ 84,638

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Feb. 26, 2022
Asset Retirement Obligation Disclosure [Abstract]
Reconciliation of Asset Retirement Liability	A reconciliation of the Company’s asset retirement liability for the twenty-six weeks ended February 26, 2022 was as follows (in thousands): February 26, 2022 Beginning balance as of August 28, 2021 $ 14,887 Accretion expense 491 Effect of exchange rate changes (154 ) Balance as of February 26, 2022 $ 15,224

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Feb. 26, 2022
Commitments And Contingencies Disclosure [Abstract]
Schedule of Operating Lease Cost and Information Related to Operating Lease Right-of-use Assets, Net and Operating Lease Liabilities	The following table presents the operating lease cost and information related to the operating lease right-of-use assets, net and operating lease liabilities for the twenty-six weeks ended February 26, 2022: (In thousands, except lease term and discount rate) Lease cost Operating lease costs including short-term lease expense and variable lease costs, which were immaterial in the period $ 10,904 Operating cash flow impacts Cash paid for amounts included in the measurement of operating lease liabilities $ 3,538 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 14,552 Weighted-average remaining lease term - operating leases 4.23 Weighted-average discount rate - operating leases 1.95 %
Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities	The contractual future minimum lease payments of the Company's operating lease liabilities by fiscal year are as follows as of February 26, 2022: (In thousands) 2022 (remaining six months) $ 7,372 2023 13,971 2024 10,895 2025 8,297 2026 6,304 Thereafter 7,526 Total payments 54,365 Less interest (1,551 ) Total present value of lease payments $ 52,814
Schedule of Changes to Environmental Liabilities	The changes to the Company’s environmental liabilities for the twenty-six weeks ended February 26, 2022 were as follows (in thousands): February 26, 2022 Balance as of August 28, 2021 $ 32,859 Revisions in estimates — Costs incurred for which reserves have been provided (792 ) Insurance proceeds 62 Interest accretion 298 Changes in discount rates (1,057 ) Balance as of February 26, 2022 $ 31,370
Schedule of Anticipated Payments and Insurance Proceeds of Currently Identified Environmental Remediation Liabilities	Anticipated payments and insurance proceeds of currently identified environmental remediation liabilities as of February 26, 2022, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below. (In thousands) 2022 2023 2024 2025 2026 Thereafter Total Estimated costs – current dollars $ 11,699 $ 2,530 $ 2,080 $ 1,366 $ 1,129 $ 12,711 $ 31,515 Estimated insurance proceeds (148 ) (159 ) (173 ) (159 ) (173 ) (380 ) (1,192 ) Net anticipated costs $ 11,551 $ 2,371 $ 1,907 $ 1,207 $ 956 $ 12,331 $ 30,323 Effect of inflation 8,210 Effect of discounting (7,163 ) Balance as of February 26, 2022 $ 31,370

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Feb. 26, 2022
Stockholders Equity Note [Abstract]
Schedule of Changes in Components of Accumulated Other Comprehensive Loss, Net of Tax	The changes in each component of accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 were as follows (in thousands): Thirteen weeks ended February 26, 2022 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of November 27, 2021 $ (20,600 ) $ (7,066 ) $ 78 $ (27,588 ) Other comprehensive income (loss) before reclassification 1,149 — (40 ) 1,109 Amounts reclassified from accumulated other comprehensive loss — — (15 ) (15 ) Net current period other comprehensive (loss) income 1,149 — (55 ) 1,094 Balance as of February 26, 2022 $ (19,451 ) $ (7,066 ) $ 23 $ (26,494 ) Twenty-six weeks ended February 26, 2022 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of August 28, 2021 $ (17,801 ) $ (7,066 ) $ 31 $ (24,836 ) Other comprehensive income (loss) before reclassification (1,650 ) — 45 (1,605 ) Amounts reclassified from accumulated other comprehensive loss — — (53 ) (53 ) Net current period other comprehensive (loss) income (1,650 ) — (8 ) (1,658 ) Balance as of February 26, 2022 $ (19,451 ) $ (7,066 ) $ 23 $ (26,494 ) Thirteen weeks ended February 27, 2021 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of November 28, 2020 $ (20,699 ) $ (10,026 ) $ 44 $ (30,681 ) Other comprehensive (loss) income before reclassification 2,244 — (58 ) 2,186 Amounts reclassified from accumulated other comprehensive loss — — 2 2 Net current period other comprehensive (loss) income 2,244 — (56 ) 2,188 Balance as of February 27, 2021 $ (18,455 ) $ (10,026 ) $ (12 ) $ (28,493 ) Twenty-six weeks ended February 27, 2021 Foreign Currency Translation Pension- related (1) Derivative Financial Instruments (1) Total Accumulated Other Comprehensive Loss Balance as of August 29, 2020 $ (22,009 ) $ (10,026 ) $ 65 $ (31,970 ) Other comprehensive income (loss) before reclassification 3,554 — (68 ) 3,486 Amounts reclassified from accumulated other comprehensive loss — — (9 ) (9 ) Net current period other comprehensive (loss) income 3,554 — (77 ) 3,477 Balance as of February 27, 2021 $ (18,455 ) $ (10,026 ) $ (12 ) $ (28,493 ) (1) Amounts are shown net of tax
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Loss, Net of Tax	Amounts reclassified from accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 26, 2022 and February 27, 2021 were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended February 26, 2022 February 27, 2021 February 26, 2022 February 27, 2021 Derivative financial instruments, net: Forward contracts (b) $ (15 ) $ 2 $ (53 ) $ (9 ) Total, net of tax (15 ) 2 (53 ) (9 ) Total amounts reclassified, net of tax $ (15 ) $ 2 $ (53 ) $ (9 ) (a) Amounts included in selling and administrative expenses in the consolidated statements of income. (b) Amounts included in revenues in the accompanying consolidated statements of income.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Feb. 26, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The Company refers to the U.S. and Canadian Rental and Cleaning, MFG, and Corporate reporting segments combined as its “Core Laundry Operations,” which is included as a subtotal in the following table (in thousands): Thirteen weeks ended U.S. and Canadian Rental and Cleaning MFG Net Interco MFG Elim Corporate Subtotal Core Laundry Operations Specialty Garments First Aid Total February 26, 2022 Revenues $ 424,896 $ 65,618 $ (65,618 ) $ 8,160 $ 433,056 $ 35,538 $ 18,102 $ 486,696 Operating income (loss) $ 59,914 $ 14,826 $ 1,545 $ (57,540 ) $ 18,745 $ 3,850 $ 18 $ 22,613 Interest income, net $ (814 ) $ — $ — $ 63 $ (751 ) $ — $ — $ (751 ) Income (loss) before taxes $ 60,711 $ 14,711 $ 1,545 $ (58,067 ) $ 18,900 $ 3,849 $ 21 $ 22,770 February 27, 2021 Revenues $ 388,627 $ 54,549 $ (54,549 ) $ 9,608 $ 398,235 $ 35,222 $ 16,307 $ 449,764 Operating income (loss) $ 59,156 $ 14,774 $ 4,178 $ (42,742 ) $ 35,366 $ 5,234 $ 93 $ 40,693 Interest income, net $ (778 ) $ — $ — $ (85 ) $ (863 ) $ — $ — $ (863 ) Income (loss) before taxes $ 59,845 $ 14,736 $ 4,178 $ (43,317 ) $ 35,442 $ 6,603 $ 95 $ 42,140 Twenty-six weeks ended February 26, 2022 Revenues $ 844,949 $ 156,343 $ (156,343 ) $ 16,953 $ 861,902 $ 75,022 $ 35,936 $ 972,860 Operating income (loss) $ 133,839 $ 38,851 $ (6,054 ) $ (111,384 ) $ 55,252 $ 12,479 $ (328 ) $ 67,403 Interest income, net $ (1,480 ) $ — $ — $ 81 $ (1,399 ) $ — $ — $ (1,399 ) Income (loss) before taxes $ 135,281 $ 38,677 $ (6,054 ) $ (112,057 ) $ 55,847 $ 11,954 $ (329 ) $ 67,472 February 27, 2021 Revenues $ 774,785 $ 113,631 $ (113,631 ) $ 16,640 $ 791,425 $ 73,356 $ 31,836 $ 896,617 Operating income (loss) $ 133,996 $ 34,584 $ 3,184 $ (87,528 ) $ 84,236 $ 12,393 $ 106 $ 96,735 Interest income, net $ (1,471 ) $ — $ — $ 40 $ (1,431 ) $ — $ — $ (1,431 ) Income (loss) before taxes $ 135,387 $ 34,410 $ 3,184 $ (88,700 ) $ 84,281 $ 13,611 $ 109 $ 98,001

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Narrative (Details)	Feb. 26, 2022
Accounting Standards Update 2019-12
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adoption date	Aug. 29, 2021
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true
Accounting Standards Update 2017-07
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adoption date	Aug. 29, 2021
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Total Revenue Disaggregated by Service Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 486,696	$ 449,764	$ 972,860	$ 896,617
Revenue | Revenues
Disaggregation of Revenue [Line Items]
Percentage of revenues	100.00%	100.00%	100.00%	100.00%
Core Laundry Operations
Disaggregation of Revenue [Line Items]
Total revenues	$ 433,056	$ 398,235	$ 861,902	$ 791,425
Core Laundry Operations | Revenue | Revenues
Disaggregation of Revenue [Line Items]
Percentage of revenues	89.00%	88.50%	88.60%	88.30%
Specialty Garments
Disaggregation of Revenue [Line Items]
Total revenues	$ 35,538	$ 35,222	$ 75,022	$ 73,356
Specialty Garments | Revenue | Revenues
Disaggregation of Revenue [Line Items]
Percentage of revenues	7.30%	7.80%	7.70%	8.20%
First Aid
Disaggregation of Revenue [Line Items]
Total revenues	$ 18,102	$ 16,307	$ 35,936	$ 31,836
First Aid | Revenue | Revenues
Disaggregation of Revenue [Line Items]
Percentage of revenues	3.70%	3.60%	3.70%	3.60%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021	Aug. 28, 2021
Revenue From Contract With Customer [Abstract]
Percentage of revenues derived from route servicing fees	91.50%	91.10%	91.40%	91.10%
Current assets related to deferred commissions	$ 14.7		$ 14.7		$ 14.2
Noncurrent assets related to deferred commissions	63.4		63.4		$ 60.6
Amortization expense related to deferred commissions	$ 3.8	$ 3.6	$ 7.6	$ 7.1

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	6 Months Ended
	Feb. 26, 2022USD ($)Business
Business Combinations [Abstract]
Number of business acquired | Business	8
Business acquisitions, aggregate purchase price | $	$ 43.7

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Assets:
Cash equivalents	$ 197,120	$ 197,081
Pension plan assets	3,594	3,795
Foreign currency forward contracts	31	41
Total assets at fair value	200,745	200,917
Level 1
Assets:
Cash equivalents	197,120	197,081
Pension plan assets	0	0
Foreign currency forward contracts	0	0
Total assets at fair value	197,120	197,081
Level 2
Assets:
Cash equivalents	0	0
Pension plan assets	3,594	3,795
Foreign currency forward contracts	31	41
Total assets at fair value	3,625	3,836
Level 3
Assets:
Cash equivalents	0	0
Pension plan assets	0	0
Foreign currency forward contracts	0	0
Total assets at fair value	$ 0	$ 0

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities - Narrative (Details) $ in Millions	Feb. 26, 2022CAD ($)
Forward Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value (CAD)	$ 8.1

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 26, 2022USD ($)Retirement-Plan	Feb. 27, 2021USD ($)	Feb. 26, 2022USD ($)Retirement-Plan	Feb. 27, 2021USD ($)
Postemployment Benefits [Abstract]
Contributions charged to expense under the plan	$ 3.9	$ 4.3	$ 9.5	$ 10.1
Number of frozen non-contributory defined benefit pension plans | Retirement-Plan	1		1
Amounts charged to expense related to the plans	$ 0.6	$ 0.8	$ 1.3	$ 1.5
Deferred compensation plan, employee or employer contribution charged to expense	$ 0		$ 0

Income Per Share - Schedule of

Income Per Share - Schedule of Computation of Basic Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Feb. 26, 2022	Nov. 27, 2021	Feb. 27, 2021	Nov. 28, 2020	Feb. 26, 2022	Feb. 27, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income available to shareholders	$ 18,451	$ 33,705	$ 32,585	$ 41,896	$ 52,156	$ 74,481
Allocation of net income for Basic:
Net income allocated for common stockholder basic	$ 18,451		$ 32,585		$ 52,156	$ 74,481
Weighted average number of shares for Basic:
Common stock (in shares)	18,845		18,866		18,860	18,878
Common Stock
Allocation of net income for Basic:
Net income allocated for common stockholder basic	$ 15,492		$ 27,349		$ 43,792	$ 62,520
Weighted average number of shares for Basic:
Common stock (in shares)	15,210		15,223		15,225	15,235
Income per share for Basic:
Common stock (in dollars per share)	$ 1.02		$ 1.80		$ 2.88	$ 4.10
Class B Common Stock
Allocation of net income for Basic:
Net income allocated for common stockholder basic	$ 2,959		$ 5,236		$ 8,364	$ 11,961
Weighted average number of shares for Basic:
Common stock (in shares)	3,635		3,643		3,635	3,643
Income per share for Basic:
Common stock (in dollars per share)	$ 0.81		$ 1.44		$ 2.30	$ 3.28

Income Per Share - Schedule o_2

Income Per Share - Schedule of Computation of Diluted Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
As reported - Basic	$ 18,451	$ 32,585	$ 52,156	$ 74,481
As reported - Basic (in shares)	18,845	18,866	18,860	18,878
As reported – Diluted	$ 18,451	$ 32,585	$ 52,156	$ 74,481
As reported - Diluted (in shares)	18,967	19,037	18,999	19,032
As reported - Diluted (in dollars per share)	$ 0.97	$ 1.71	$ 2.75	$ 3.91
Common Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
As reported - Basic	$ 15,492	$ 27,349	$ 43,792	$ 62,520
As reported - Basic (in shares)	15,210	15,223	15,225	15,235
As reported - Basic (in dollars per share)	$ 1.02	$ 1.80	$ 2.88	$ 4.10
Add: effect of dilutive potential common shares	$ 0	$ 0	$ 0	$ 0
Add: effect of dilutive potential common shares (in shares)	122	171	139	154
Class B Common Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
As reported - Basic	$ 2,959	$ 5,236	$ 8,364	$ 11,961
As reported - Basic (in shares)	3,635	3,643	3,635	3,643
As reported - Basic (in dollars per share)	$ 0.81	$ 1.44	$ 2.30	$ 3.28

Income Per Share - Narrative (D

Income Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from calculation of diluted earnings per share (in shares)	41,364	2,379	25,722	11,566

Inventories - Schedule of Compo

Inventories - Schedule of Components of Inventory (Details) - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 26,830	$ 24,846
Work in process	3,252	4,703
Finished goods	130,753	114,042
Total inventories	$ 160,835	$ 143,591

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Feb. 26, 2022USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 429,538
Goodwill recorded during the period	28,237
Other	(57)
Ending balance	$ 457,718

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 361,724	$ 348,725
Accumulated Amortization	271,503	264,087
Net Carrying Amount	90,221	84,638
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	246,844	237,384
Accumulated Amortization	193,249	188,255
Net Carrying Amount	53,595	49,129
Software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	77,295	74,475
Accumulated Amortization	42,942	40,763
Net Carrying Amount	34,353	33,712
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	37,585	36,866
Accumulated Amortization	35,312	35,069
Net Carrying Amount	$ 2,273	$ 1,797

Asset Retirement Obligations -

Asset Retirement Obligations - Narrative (Details)	6 Months Ended
	Feb. 26, 2022
Minimum
Asset Retirement Obligations [Line Items]
Remaining lives	1 year
Maximum
Asset Retirement Obligations [Line Items]
Remaining lives	22 years

Asset Retirement Obligations _2

Asset Retirement Obligations - Reconciliation of Asset Retirement Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 14,887
Accretion expense	491	$ 492
Effect of exchange rate changes	(154)
Ending balance	$ 15,224

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Feb. 26, 2022USD ($)company
Gain Contingencies [Line Items]
Operating lease, existence of option to extend	true
Operating lease, existence of option to terminate	true
Estimated rate of inflation	3.00%
Annual proceeds	$ 0.3
Balance in escrow account	$ 4.6
Number of insurance companies | company	3
Minimum
Gain Contingencies [Line Items]
Risk-free interest rates utilized	1.76%
Maximum
Gain Contingencies [Line Items]
Risk-free interest rates utilized	2.37%

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Operating Lease Cost and Information Related to Operating Lease Right-of-use Assets, Net and Operating Lease Liabilities (Details) $ in Thousands	6 Months Ended
	Feb. 26, 2022USD ($)
Lease cost
Operating lease costs including short-term lease expense and variable lease costs, which were immaterial in the period	$ 10,904
Operating cash flow impacts
Cash paid for amounts included in the measurement of operating lease liabilities	3,538
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$ 14,552
Weighted-average remaining lease term - operating leases	4 years 2 months 23 days
Weighted-average discount rate - operating leases	1.95%

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities (Details) $ in Thousands	Feb. 26, 2022USD ($)
Commitments And Contingencies Disclosure [Abstract]
2022 (remaining six months)	$ 7,372
2023	13,971
2024	10,895
2025	8,297
2026	6,304
Thereafter	7,526
Total payments	54,365
Less interest	(1,551)
Total present value of lease payments	$ 52,814

Commitments and Contingencies_4

Commitments and Contingencies - Changes to Environmental Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021
Accrual For Environmental Loss Contingencies Roll Forward
Beginning balance	$ 32,859
Costs incurred for which reserves have been provided	(792)
Insurance proceeds	62
Accretion on environmental contingencies	298	$ 224
Changes in discount rates	(1,057)
Ending balance	$ 31,370

Commitments and Contingencies_5

Commitments and Contingencies - Anticipated Payments and Insurance Proceeds of Identified Environmental Remediation Liabilities (Details) - USD ($) $ in Thousands	Feb. 26, 2022	Aug. 28, 2021
Estimated costs – current dollars
2022	$ 11,699
2023	2,530
2024	2,080
2025	1,366
2026	1,129
Thereafter	12,711
Total	31,515
Estimated insurance proceeds
2022	(148)
2023	(159)
2024	(173)
2025	(159)
2026	(173)
Thereafter	(380)
Total	(1,192)
Net anticipated costs
2022	11,551
2023	2,371
2024	1,907
2025	1,207
2026	956
Thereafter	12,331
Total	30,323
Effect of inflation	8,210
Effect of discounting	(7,163)
Balance at end of period	$ 31,370	$ 32,859

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	19.00%	22.70%	22.70%	24.00%
Net decrease in unrecognized tax position			$ 0.7

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - Revolving Credit Facility - USD ($) $ in Millions	Mar. 26, 2021	Mar. 25, 2021	Feb. 26, 2022
2021 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 175
Maturity date	Mar. 26, 2026
Outstanding borrowings			$ 0
Outstanding letters of credit			67.6
Amount available for borrowing			$ 107.4
2021 Credit Agreement | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			1.00%
Credit Agreement
Debt Instrument [Line Items]
Maturity date		Apr. 11, 2021

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		$ 1,894,901	$ 1,773,352	$ 1,872,952	$ 1,741,129
Other comprehensive income (loss)		1,094	2,188	(1,658)	3,477
Balance at end of period		1,898,975	1,801,110	1,898,975	1,801,110
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(20,600)	(20,699)	(17,801)	(22,009)
Other comprehensive income (loss) before reclassification		1,149	2,244	(1,650)	3,554
Amounts reclassified from accumulated other comprehensive loss		0	0	0	0
Other comprehensive income (loss)		1,149	2,244	(1,650)	3,554
Balance at end of period		(19,451)	(18,455)	(19,451)	(18,455)
Pension-related
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[1]	(7,066)	(10,026)	(7,066)	(10,026)
Other comprehensive income (loss) before reclassification	[1]	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	[1]	0	0	0	0
Other comprehensive income (loss)	[1]	0	0	0	0
Balance at end of period	[1]	(7,066)	(10,026)	(7,066)	(10,026)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[1]	78	44	31	65
Other comprehensive income (loss) before reclassification	[1]	(40)	(58)	45	(68)
Amounts reclassified from accumulated other comprehensive loss	[1]	(15)	2	(53)	(9)
Other comprehensive income (loss)	[1]	(55)	(56)	(8)	(77)
Balance at end of period	[1]	23	(12)	23	(12)
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(27,588)	(30,681)	(24,836)	(31,970)
Other comprehensive income (loss) before reclassification		1,109	2,186	(1,605)	3,486
Amounts reclassified from accumulated other comprehensive loss		(15)	2	(53)	(9)
Other comprehensive income (loss)		1,094	2,188	(1,658)	3,477
Balance at end of period		$ (26,494)	$ (28,493)	$ (26,494)	$ (28,493)
[1]	Amounts are shown net of tax

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Amounts Reclassified from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Feb. 26, 2022	Nov. 27, 2021	Feb. 27, 2021	Nov. 28, 2020	Feb. 26, 2022	Feb. 27, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Net income		$ 18,451	$ 33,705	$ 32,585	$ 41,896	$ 52,156	$ 74,481
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Net income		(15)		2		(53)	(9)
Derivative Financial Instruments | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Net income		(15)		2		(53)	(9)
Derivative Financial Instruments | Forward Contracts | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Revenues	[1]	$ (15)		$ 2		$ (53)	$ (9)
[1]	Amounts included in revenues in the accompanying consolidated statements of income.

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	6 Months Ended
	Feb. 26, 2022segment
Segment Reporting [Abstract]
Number of operating segments	6
Number of reporting segments	5

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 26, 2022	Feb. 27, 2021	Feb. 26, 2022	Feb. 27, 2021
Segment Reporting Information [Line Items]
Revenues	$ 486,696	$ 449,764	$ 972,860	$ 896,617
Operating income (loss)	22,613	40,693	67,403	96,735
Interest income, net	(751)	(863)	(1,399)	(1,431)
Income (loss) before taxes	22,770	42,140	67,472	98,001
U.S. and Canadian Rental and Cleaning | Operating Segments
Segment Reporting Information [Line Items]
Revenues	424,896	388,627	844,949	774,785
Operating income (loss)	59,914	59,156	133,839	133,996
Interest income, net	(814)	(778)	(1,480)	(1,471)
Income (loss) before taxes	60,711	59,845	135,281	135,387
MFG | Operating Segments
Segment Reporting Information [Line Items]
Revenues	65,618	54,549	156,343	113,631
Operating income (loss)	14,826	14,774	38,851	34,584
Income (loss) before taxes	14,711	14,736	38,677	34,410
MFG | Net Interco MFG Elim
Segment Reporting Information [Line Items]
Revenues	(65,618)	(54,549)	(156,343)	(113,631)
Operating income (loss)	1,545	4,178	(6,054)	3,184
Income (loss) before taxes	1,545	4,178	(6,054)	3,184
Corporate | Operating Segments
Segment Reporting Information [Line Items]
Revenues	8,160	9,608	16,953	16,640
Operating income (loss)	(57,540)	(42,742)	(111,384)	(87,528)
Interest income, net	63	(85)	81	40
Income (loss) before taxes	(58,067)	(43,317)	(112,057)	(88,700)
Subtotal Core Laundry Operations
Segment Reporting Information [Line Items]
Revenues	433,056	398,235	861,902	791,425
Operating income (loss)	18,745	35,366	55,252	84,236
Interest income, net	(751)	(863)	(1,399)	(1,431)
Income (loss) before taxes	18,900	35,442	55,847	84,281
Specialty Garments
Segment Reporting Information [Line Items]
Revenues	35,538	35,222	75,022	73,356
Specialty Garments | Operating Segments
Segment Reporting Information [Line Items]
Revenues	35,538	35,222	75,022	73,356
Operating income (loss)	3,850	5,234	12,479	12,393
Income (loss) before taxes	3,849	6,603	11,954	13,611
First Aid
Segment Reporting Information [Line Items]
Revenues	18,102	16,307	35,936	31,836
First Aid | Operating Segments
Segment Reporting Information [Line Items]
Revenues	18,102	16,307	35,936	31,836
Operating income (loss)	18	93	(328)	106
Income (loss) before taxes	$ 21	$ 95	$ (329)	$ 109

Shares Repurchased and Divide_2

Shares Repurchased and Dividends - Narrative (Details) - USD ($)	Oct. 20, 2021	Oct. 23, 2019	Feb. 26, 2022	Nov. 27, 2021	Feb. 27, 2021	Nov. 28, 2020	Feb. 26, 2022	Feb. 27, 2021	Oct. 18, 2021	Jan. 02, 2019
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)			52,500		12,200		75,250	53,200
Total cost of shares repurchased divided by the total number of shares repurchased			$ 190.37		$ 189.96		$ 167.54	$ 179.21
Stock repurchase remaining amount			$ 87,300,000				$ 87,300,000
Maximum
Equity, Class of Treasury Stock [Line Items]
Stock repurchase authorized, Value									$ 100,000,000	$ 100,000,000
Class B Common Stock
Equity, Class of Treasury Stock [Line Items]
Quarterly dividend amount (in dollars per share)	$ 0.24	$ 0.20	$ 0.24	$ 0.24	0.20	$ 0.20
Common Stock
Equity, Class of Treasury Stock [Line Items]
Quarterly dividend amount (in dollars per share)	$ 0.30	$ 0.25	$ 0.30	$ 0.30	$ 0.25	$ 0.25