| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2015-08-30 - 2016-08-27 |
|---|
Income Tax Disclosure [Abstract] | |
Components of Income from Continuing Operations |
The components of income from continuing operations before income
taxes are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended |
|
|
(in thousands)
|
|
August 27,
2016 |
|
|
August 29,
2015 |
|
|
August 30,
2014 |
|
|
Domestic
|
|
$ |
1,737,727 |
|
|
$ |
1,676,640 |
|
|
$ |
1,550,203 |
|
|
International
|
|
|
174,987 |
|
|
|
125,972 |
|
|
|
112,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,912,714 |
|
|
$ |
1,802,612 |
|
|
$ |
1,662,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision for Income Tax Expense |
The provision for income tax expense consisted of the
following:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended |
|
|
(in thousands)
|
|
August 27,
2016 |
|
|
August 29,
2015 |
|
|
August 30,
2014 |
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
534,621 |
|
|
$ |
522,073 |
|
|
$ |
516,983 |
|
|
State
|
|
|
39,223 |
|
|
|
41,921 |
|
|
|
54,481 |
|
|
International
|
|
|
52,844 |
|
|
|
42,406 |
|
|
|
36,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
626,688 |
|
|
|
606,400 |
|
|
|
607,668 |
|
|
|
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
48,509 |
|
|
|
38,299 |
|
|
|
(762 |
) |
|
State
|
|
|
9,453 |
|
|
|
941 |
|
|
|
(7,752 |
) |
|
International
|
|
|
(12,943 |
) |
|
|
(3,269 |
) |
|
|
(6,184 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,019 |
|
|
|
35,971 |
|
|
|
(14,698 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
$ |
671,707 |
|
|
$ |
642,371 |
|
|
$ |
592,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Provision for Income Taxes |
A reconciliation of the provision for income taxes to the amount
computed by applying the federal statutory tax rate of 35% to
income before income taxes is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended |
|
|
(in thousands)
|
|
August 27,
2016 |
|
|
August 29,
2015 |
|
|
August 30,
2014 |
|
|
Federal tax at statutory U.S. income tax rate
|
|
|
35.0 |
% |
|
|
35.0 |
% |
|
|
35.0 |
% |
|
State income taxes, net
|
|
|
1.6 |
% |
|
|
1.5 |
% |
|
|
1.8 |
% |
|
Other
|
|
|
(1.5 |
%) |
|
|
(0.9 |
%) |
|
|
(1.1 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective tax rate
|
|
|
35.1 |
% |
|
|
35.6 |
% |
|
|
35.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant Components of Company's Deferred Tax Assets and Liabilities |
Significant components of the Company’s deferred tax assets
and liabilities were as follows:
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
August 27,
2016 |
|
|
August 29,
2015 |
|
|
Deferred tax assets:
|
|
|
|
|
|
|
|
|
|
Net operating loss and credit carryforwards
|
|
$ |
50,859 |
|
|
$ |
49,088 |
|
|
Accrued benefits
|
|
|
93,212 |
|
|
|
85,266 |
|
|
Pension
|
|
|
13,397 |
|
|
|
21,104 |
|
|
Other
|
|
|
55,203 |
|
|
|
56,125 |
|
|
|
|
|
|
|
|
|
|
|
Total deferred tax assets
|
|
|
212,671 |
|
|
|
211,583 |
|
|
Less: Valuation allowances
|
|
|
(13,338 |
) |
|
|
(8,833 |
) |
|
|
|
|
|
|
|
|
|
|
Net deferred tax asset
|
|
|
199,333 |
|
|
|
202,750 |
|
|
Deferred tax liabilities:
|
|
|
|
|
|
|
|
|
|
Property and equipment
|
|
|
(93,943 |
) |
|
|
(68,920 |
) |
|
Inventory
|
|
|
(315,563 |
) |
|
|
(294,242 |
) |
|
Prepaid Expenses
|
|
|
(27,395 |
) |
|
|
(27,134 |
) |
|
Other
|
|
|
(10,077 |
) |
|
|
(25,270 |
) |
|
|
|
|
|
|
|
|
|
|
Total deferred tax liabilities
|
|
|
(446,978 |
) |
|
|
(415,566 |
) |
|
|
|
|
|
|
|
|
|
|
Net deferred tax liability
|
|
$ |
(247,645 |
) |
|
$ |
(212,816 |
) |
|
|
|
|
|
|
|
|
|
|
Reconciliation of Unrecognized Tax Benefits |
A reconciliation of the beginning and ending amount of unrecognized
tax benefits is as follows:
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
August 27,
2016 |
|
|
August 29,
2015 |
|
|
Beginning balance
|
|
$ |
28,434 |
|
|
$ |
33,128 |
|
|
Additions based on tax positions related to the current year
|
|
|
7,172 |
|
|
|
5,707 |
|
|
Additions for tax positions of prior years
|
|
|
95 |
|
|
|
625 |
|
|
Reductions for tax positions of prior years
|
|
|
(2,405 |
) |
|
|
(1,268 |
) |
|
Reductions due to settlements
|
|
|
(858 |
) |
|
|
(5,312 |
) |
|
Reductions due to statute of limitations
|
|
|
(4,712 |
) |
|
|
(4,446 |
) |
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
27,726 |
|
|
$ |
28,434 |
|
|
|
|
|
|
|
|
|
|
|