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Share-based Compensation (Tables)
12 Months Ended
Aug. 27, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions

The fair value of each stock appreciation right is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used:

 

Fiscal year ended August

 

2022

 

 

2021

 

 

2020

 

Risk-free interest rate

 

 

1.27

%

 

 

0.47

%

 

 

1.69

%

Expected dividend yield

 

 

0.60

%

 

 

0.58

%

 

 

0.50

%

Expected life in years

 

 

5.17

 

 

 

5.70

 

 

 

5.60

 

Expected volatility

 

 

28.4

%

 

 

27.5

%

 

 

22.4

%

Summary of Share-Based Award Activity for Stock Options and Stock Appreciation Rights

The following table summarizes the Share-Based Awards activity in the form of stock options and stock appreciation rights for fiscal 2022:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

Outstanding, August 28, 2021

 

 

394,174

 

 

$

144.07

 

Granted

 

 

34,754

 

 

 

199.80

 

Expired

 

 

(168

)

 

 

201.24

 

Exercised

 

 

(53,226

)

 

 

123.07

 

Forfeited

 

 

(7,186

)

 

 

164.72

 

Outstanding, August 27, 2022

 

 

368,348

 

 

$

151.93

 

 

 

 

 

 

 

 

Exercisable, August 27, 2022

 

 

250,223

 

 

$

141.68

 

Summary of Share-Based Award Activity for Restricted Stock Units

The following table summarizes the Share-Based Awards activity in the form of restricted stock units for fiscal 2022:

 

 

 

Number of
Shares

 

 

Weighted
Average
Grant Price

 

Unvested balance at August 28, 2021

 

 

94,558

 

 

$

178.78

 

Granted

 

 

41,875

 

 

 

199.05

 

Vested

 

 

(39,131

)

 

 

179.12

 

Forfeited

 

 

(5,602

)

 

 

186.40

 

Unvested balance at August 27, 2022

 

 

91,700

 

 

$

187.43