Earnings Per Share

3 Months Ended

Nov. 24, 2012

Earnings Per Share [Abstract]

Earnings Per Share

6. Earnings Per Share

Basic net income per common share is computed by dividing net income by the weighted average number of shares outstanding during each period. Diluted net income per common share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period. Certain stock options and performance share rights were excluded from the calculation of diluted net income per common share because their effects were antidilutive (0.4 million shares for the quarter ended November 24, 2012, and 0.3 million shares for the quarter ended November 26, 2011). In the calculation of diluted net income per common share, the denominator includes the number of additional common shares that would have been outstanding if the Company’s outstanding dilutive stock options and performance share rights had been exercised, as determined pursuant to the treasury stock method.

The following table sets forth the computation of basic and diluted net income per common share:

	Quarter Ended
(in thousands, except per share amounts)	November 24, 2012		November 26, 2011
Basic Net Income Per Share:
Net income	$	80,279	$	80,350
Weighted average number of shares outstanding	115,521		117,649
Net income per common share — basic	$	0.69	$	0.68
Diluted Net Income Per Share:
Net income	$	80,279	$	80,350
Weighted average number of shares outstanding	115,521		117,649
Effect of dilutive securities — stock options	430		579
Effect of dilutive securities — performance share rights	246		363
Weighted average shares — diluted	116,197		118,591
Net income per common share — diluted	$	0.69	$	0.68