Stock-Based Compensation (Tables)

3 Months Ended

Nov. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The Company accounts for all stock-based payments in accordance with Accounting Standards Codification Topic 718, “Compensation—Stock Compensation,” as amended. Stock-based compensation expense included in Operating expenses for the thirteen weeks ended November 30, 2024 and December 2, 2023 was as follows:

	Thirteen Weeks Ended
	November 30, 2024		December 2, 2023
Restricted stock units (1)	$	4,030	$	4,275
Performance share units (1)	(532)		821
Associate Stock Purchase Plan	64		105
Stock-based compensation expense	3,562		5,201
Deferred income tax benefit	(876)		(1,264)
Stock-based compensation expense, net	$	2,686	$	3,937

(1)Includes equity award acceleration costs associated with associate severance and separation, which are included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income for the thirteen weeks ended December 2, 2023. See Note 9, “Restructuring and Other Costs” for additional information.

Schedule of Performance Share Unit Activity

The following table summarizes all transactions related to PSUs under the MSC Industrial Direct Co., Inc. 2015 Omnibus Incentive Plan (the “2015 Omnibus Incentive Plan”) and the 2023 Omnibus Incentive Plan (the “2023 Omnibus Incentive Plan”) (based on target award amounts) for the thirteen-week period ended November 30, 2024:

	Shares	Weighted-Average Grant Date Fair Value per Share
Non-vested PSUs at August 31, 2024	123	$	88.31
Granted	52	80.52
Vested	(38)	84.96
Canceled/Forfeited	—	—
Non-vested PSUs at November 30, 2024 (1)	137	$	86.31

(1)Excludes approximately 4 shares of accrued incremental dividend equivalent rights on outstanding PSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.

Schedule of Non-Vested Restricted Stock Unit Award Activity

A summary of the Company’s non-vested restricted stock unit (“RSU”) award activity under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan for the thirteen-week period ended November 30, 2024 is as follows:

	Shares	Weighted-Average Grant Date Fair Value per Share
Non-vested RSUs at August 31, 2024	431	$	88.29
Granted	198	80.52
Vested	(134)	84.61
Canceled/Forfeited	(3)	89.17
Non-vested RSUs at November 30, 2024 (1)	492	$	86.17

(1)Excludes approximately 24 shares of accrued incremental dividend equivalent rights on outstanding RSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.