Income Per Share (Tables)

6 Months Ended

Feb. 25, 2023

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				Twenty-six weeks ended
	February 25, 2023		February 26, 2022		February 25, 2023		February 26, 2022
Net income available to shareholders	$	17,810	$	18,451	$	51,767	$	52,156
Allocation of net income for Basic:
Common Stock	$	14,962	$	15,492	$	43,488	$	43,792
Class B Common Stock		2,848		2,959		8,279		8,364
	$	17,810	$	18,451	$	51,767	$	52,156
Weighted average number of shares for Basic:
Common Stock		15,087		15,210		15,084		15,225
Class B Common Stock		3,590		3,635		3,590		3,635
		18,677		18,845		18,674		18,860
Income per share for Basic:
Common Stock	$	0.99	$	1.02	$	2.88	$	2.88
Class B Common Stock	$	0.79	$	0.81	$	2.31	$	2.30

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 twenty-six weeks ended February 25, 2023 and February 26, 2022 (in thousands, except per share data):

	Thirteen weeks ended February 25, 2023						Twenty-six weeks ended February 25, 2023
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	14,962		15,087	$	0.99	$	43,488		15,084	$	2.88
Add: effect of dilutive potential common shares
Share-Based Awards		—		90				—		83
Class B Common Stock		2,848		3,590				8,279		3,590
As reported – Diluted	$	17,810		18,767	$	0.95	$	51,767		18,757	$	2.76

	Thirteen weeks ended February 26, 2022						Twenty-six weeks ended February 26, 2022
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	15,492		15,210	$	1.02	$	43,792		15,225	$	2.88
Add: effect of dilutive potential common shares
Share-Based Awards		—		122				—		139
Class B Common Stock		2,959		3,635				8,364		3,635
As reported – Diluted	$	18,451		18,967	$	0.97	$	52,156		18,999	$	2.75