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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 27, 2023
May 28, 2022
May 27, 2023
May 28, 2022
Revenues $ 576,668 $ 511,548 $ 1,661,157 $ 1,484,408
Operating expenses:        
Cost of revenues [1] 379,419 334,633 1,103,287 969,579
Selling and administrative expenses [1] 132,677 116,191 372,230 332,985
Depreciation and amortization 31,175 27,027 88,115 80,744
Total operating expenses 543,271 477,851 1,563,632 1,383,308
Operating income 33,397 33,697 97,525 101,100
Other (income) expense:        
Interest income, net (553) (340) (6,353) (1,739)
Other expense, net 621 431 1,526 1,761
Total other expense (income), net 68 91 (4,827) 22
Income before income taxes 33,329 33,606 102,352 101,078
Provision for income taxes 9,053 8,539 26,309 23,855
Net income $ 24,276 $ 25,067 $ 76,043 $ 77,223
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.29 $ 1.33 $ 4.06 $ 4.07
Income allocated to – Basic:        
Common Stock $ 24,276 $ 25,067 $ 76,043 $ 77,223
Income allocated to – Diluted:        
Common stock $ 24,276 $ 25,067 $ 76,043 $ 77,223
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,677 18,802 18,674 18,843
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 18,748 18,875 18,751 18,958
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.35 $ 1.39 $ 4.23 $ 4.26
Income allocated to – Basic:        
Common Stock $ 20,394 $ 21,037 $ 63,882 $ 64,835
Income allocated to – Diluted:        
Common stock $ 24,276 $ 25,067 $ 76,043 $ 77,223
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,087 15,170 15,084 15,211
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.08 $ 1.11 $ 3.39 $ 3.41
Income allocated to – Basic:        
Common Stock $ 3,882 $ 4,030 $ 12,161 $ 12,388
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,590 3,632 3,590 3,632
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.