XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Condensed Consolidated Statements Of Income [Abstract]    
Net sales $ 771,904 $ 823,601
Cost of goods sold 448,586 476,405
Gross profit 323,318 347,196
Operating expenses 242,684 256,898
Impairment Loss 26,726  
Income from operations 53,908 90,298
Other income (expense):    
Interest expense (3,356) (3,171)
Interest income 21 10
Other income, net 651 121
Total other expense (2,684) (3,040)
Income before provision for income taxes 51,224 87,258
Provision for income taxes 12,447 21,806
Net income 38,777 65,452
Less: Net income attributable to noncontrolling interest 323 34
Net income attributable to MSC Industrial $ 38,454 $ 65,418
Net income per common share:    
Basic $ 0.69 $ 1.18
Diluted $ 0.69 $ 1.18
Weighted average shares used in computing net income per common share:    
Basic 55,659 55,275
Diluted 55,850 55,444