Income Per Share (Tables)

9 Months Ended

May 28, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic Income Per Share

The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data):

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	May 28, 2022		May 29, 2021		May 28, 2022		May 29, 2021
Net income available to shareholders	$	25,067	$	42,016	$	77,223	$	116,497
Allocation of net income for Basic:
Common Stock	$	21,037	$	35,270	$	64,835	$	97,792
Class B Common Stock		4,030		6,746		12,388		18,705
	$	25,067	$	42,016	$	77,223	$	116,497
Weighted average number of shares for Basic:
Common Stock		15,170		15,238		15,211		15,238
Class B Common Stock		3,632		3,643		3,632		3,643
		18,802		18,881		18,843		18,881
Income per share for Basic:
Common Stock	$	1.39	$	2.31	$	4.26	$	6.42
Class B Common Stock	$	1.11	$	1.85	$	3.41	$	5.13

Schedule of Computation of Diluted Income Per Share

The following tables set forth the computation of diluted income per share of Common Stock for the thirteen and thirty-nine weeks ended May 28, 2022 and May 29, 2021 (in thousands, except per share data):

	Thirteen weeks ended May 28, 2022						Thirty-nine weeks ended May 28, 2022
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	21,037		15,170	$	1.39	$	64,835		15,211	$	4.26
Add: effect of dilutive potential common shares
Share-Based Awards		—		73				—		115
Class B Common Stock		4,030		3,632				12,388		3,632
As reported – Diluted	$	25,067		18,875	$	1.33	$	77,223		18,958	$	4.07

	Thirteen weeks ended May 29, 2021						Thirty-nine weeks ended May 29, 2021
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	35,270		15,238	$	2.31	$	97,792		15,238	$	6.42
Add: effect of dilutive potential common shares
Share-Based Awards		—		170				—		160
Class B Common Stock		6,746		3,643				18,705		3,643
As reported – Diluted	$	42,016		19,051	$	2.21	$	116,497		19,041	$	6.12