Net Income per Share

3 Months Ended

Nov. 30, 2024

Basic net income per share is computed by dividing net income by the weighted-average number of shares of the Company’s Class A Common Stock (“Class A Common Stock”) outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of Class A Common Stock outstanding during the period, including potentially dilutive shares of Class A Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Class A Common Stock is determined using the treasury stock method. The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for the thirteen-week periods ended November 30, 2024 and December 2, 2023:


	Thirteen Weeks Ended
	November 30, 2024		December 2, 2023
Numerator:
Net income attributable to MSC Industrial, as reported	$	46,623	$	69,350
Denominator:
Weighted-average shares outstanding for basic net income per share	55,897		56,429
Effect of dilutive securities	171		294
Weighted-average shares outstanding for diluted net income per share	56,068		56,723
Net income per share:
Basic	$	0.83	$	1.23
Diluted	$	0.83	$	1.22

Potentially dilutive securities	98		—

Potentially dilutive securities attributable to outstanding share-based awards are excluded from the calculation of diluted net income per share when the combined exercise price and average unamortized fair value are greater than the average market price of Class A Common Stock, and, therefore, their inclusion would be anti-dilutive.