XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 28, 2022
May 29, 2021
May 28, 2022
May 29, 2021
Revenues $ 511,548 $ 464,323 $ 1,484,408 $ 1,360,940
Operating expenses:        
Cost of revenues [1] 334,633 286,605 969,579 851,860
Selling and administrative expenses [1] 116,191 96,976 332,985 279,008
Depreciation and amortization 27,027 26,583 80,744 79,178
Total operating expenses 477,851 410,164 1,383,308 1,210,046
Operating income 33,697 54,159 101,100 150,894
Other (income) expense:        
Interest income, net (340) (671) (1,739) (2,102)
Other expense, net 431 348 1,761 513
Total other (income) expenses, net 91 (323) 22 (1,589)
Income before income taxes 33,606 54,482 101,078 152,483
Provision for income taxes 8,539 12,466 23,855 35,986
Net income $ 25,067 $ 42,016 $ 77,223 $ 116,497
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.33 $ 2.21 $ 4.07 $ 6.12
Income allocated to – Basic:        
Net income allocated for common stockholder basic $ 25,067 $ 42,016 $ 77,223 $ 116,497
Income allocated to – Diluted:        
Common stock $ 25,067 $ 42,016 $ 77,223 $ 116,497
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,802 18,881 18,843 18,881
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 18,875 19,051 18,958 19,041
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.39 $ 2.31 $ 4.26 $ 6.42
Income allocated to – Basic:        
Net income allocated for common stockholder basic $ 21,037 $ 35,270 $ 64,835 $ 97,792
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,170 15,238 15,211 15,238
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.11 $ 1.85 $ 3.41 $ 5.13
Income allocated to – Basic:        
Net income allocated for common stockholder basic $ 4,030 $ 6,746 $ 12,388 $ 18,705
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,632 3,643 3,632 3,643
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.