Income Per Share (Tables)

9 Months Ended

May 27, 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				Thirty-nine weeks ended
	May 27, 2023		May 28, 2022		May 27, 2023		May 28, 2022
Net income available to shareholders	$	24,276	$	25,067	$	76,043	$	77,223
Allocation of net income for Basic:
Common Stock	$	20,394	$	21,037	$	63,882	$	64,835
Class B Common Stock		3,882		4,030		12,161		12,388
	$	24,276	$	25,067	$	76,043	$	77,223
Weighted average number of shares for Basic:
Common Stock		15,087		15,170		15,084		15,211
Class B Common Stock		3,590		3,632		3,590		3,632
		18,677		18,802		18,674		18,843
Income per share for Basic:
Common Stock	$	1.35	$	1.39	$	4.23	$	4.26
Class B Common Stock	$	1.08	$	1.11	$	3.39	$	3.41

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 27, 2023 and May 28, 2022 (in thousands, except per share data):

	Thirteen weeks ended May 27, 2023						Thirty-nine weeks ended May 27, 2023
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	20,394		15,087	$	1.35	$	63,882		15,084	$	4.23
Add: effect of dilutive potential common shares
Share-Based Awards		—		71				—		77
Class B Common Stock		3,882		3,590				12,161		3,590
As reported – Diluted	$	24,276		18,748	$	1.29	$	76,043		18,751	$	4.06

	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