UNIFIRST CORP
For the period ended May 25, 2024. Filed Jul 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 25, 2024 · Filed Jul 3, 2024
UNF$238.12+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of
Consolidated Balance Sheets
| (In thousands, except share and par value data) | May 25, 2024 | August 26, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $112,246 | $79,443 |
| Short-term investments | 13,186 | 10,157 |
| Receivables, less reserves of $23,370 and $17,185 | 284,363 | 279,078 |
| Inventories | 161,487 | 148,334 |
| Rental merchandise in service | 242,971 | 248,323 |
| Prepaid taxes | 13,679 | 20,907 |
| Prepaid expenses and other current assets | 56,457 | 53,876 |
| Total current assets | 884,389 | 840,118 |
| Property, plant and equipment, net | 790,031 | 756,540 |
| Goodwill | 648,795 | 647,900 |
| Customer contracts, net | 90,386 | 103,452 |
| Other intangible assets, net | 35,491 | 42,166 |
| Deferred income taxes | 729 | 567 |
| Operating lease right-of-use assets, net | 66,702 | 62,565 |
| Other assets | 134,895 | 116,667 |
| Total assets | $2,651,418 | $2,569,975 |
| Liabilities and shareholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $86,273 | $92,730 |
| Accrued liabilities | 165,386 | 156,408 |
| Accrued taxes | — | 352 |
| Operating lease liabilities, current | 18,160 | 17,739 |
| Total current liabilities | 269,819 | 267,229 |
| Accrued liabilities | 124,361 | 121,682 |
| Accrued and deferred income taxes | 130,954 | 130,084 |
| Operating lease liabilities | 50,676 | 47,020 |
| Total liabilities | 575,810 | 566,015 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity: | ||
| Preferred Stock, $1.00 par value; 2,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common Stock, $0.10 par value; 30,000,000 shares authorized; 15,040,462 and 15,104,317 shares issued and outstanding as of May 25, 2024 and August 26, 2023, respectively | 1,504 | 1,510 |
| Class B Common Stock, $0.10 par value; 20,000,000 shares authorized; 3,590,295 and 3,590,295 shares issued and outstanding as of May 25, 2024 and August 26, 2023, respectively | 359 | 359 |
| Capital surplus | 103,097 | 99,303 |
| Retained earnings | 1,994,279 | 1,926,549 |
| Accumulated other comprehensive loss | (23,631) | (23,761) |
| Total shareholders’ equity | 2,075,608 | 2,003,960 |
| Total liabilities and shareholders’ equity | $2,651,418 | $2,569,975 |
The accompanying notes are an integral part of these Consolidated Financial Statements
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