Earnings Per Share

12 Months Ended

Aug. 27, 2016

The following table reflects the calculation of basic and diluted income per share for the past three fiscal years:



	Year Ended
(In thousands, except per share data)	August 27, 2016		August 29, 2015		August 30, 2014
Income per share - basic
Net income	$	45,496	$	41,210	$	45,053
Weighted average shares outstanding	26,925		26,941		27,430
Net income per share - basic	$	1.69	$	1.53	$	1.64

Income per share - assuming dilution
Net income	$	45,496	$	41,210	$	45,053
Weighted average shares outstanding	26,925		26,941		27,430
Dilutive impact of awards and options outstanding	108		110		115
Weighted average shares and potential dilutive shares outstanding	27,033		27,051		27,545
Net income per share - assuming dilution	$	1.68	$	1.52	$	1.64

The computation of weighted average shares and potential dilutive shares outstanding excludes the effects of options to purchase 10,000, 167,394 and 457,421 shares of common stock for the fiscal years ended August 27, 2016, August 29, 2015 and August 30, 2014, respectively. These amounts were not included in the computation of diluted income per share because they are anti-dilutive under the treasury stock method.