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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 26, 2023
Aug. 27, 2022
Aug. 28, 2021
Revenues $ 2,233,047 $ 2,000,822 $ 1,826,216
Operating expenses:      
Cost of revenues [1] 1,481,296 1,306,451 1,141,275
Selling and administrative expenses [1] 496,915 451,243 383,161
Depreciation and amortization [2] 121,233 108,777 105,955
Total operating expenses 2,099,444 1,866,471 1,630,391
Operating income 133,603 134,351 195,825
Other (income) expense:      
Interest income, net (6,738) (2,851) (2,568)
Other expense, net 1,504 2,877 1,522
Total other (income) expense, net (5,234) 26 (1,046)
Income before income taxes 138,837 134,325 196,871
Provision for income taxes 35,163 30,921 45,760
Net income $ 103,674 $ 103,404 $ 151,111
Income per share—Diluted:      
Common stock (in dollars per share) $ 5.53 $ 5.46 $ 7.94
Income allocated to—Basic:      
Common stock $ 103,674 $ 103,404 $ 151,111
Income allocated to—Diluted:      
Common Stock $ 103,674 $ 103,404 $ 151,111
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 18,688 18,824 18,880
Weighted average number of shares outstanding—Diluted:      
Common stock (in shares) 18,762 18,933 19,038
Common Stock      
Income per share—Basic:      
Common stock (in dollars per share) $ 5.77 $ 5.71 $ 8.32
Income allocated to—Basic:      
Common stock $ 87,104 $ 86,844 $ 126,848
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 15,098 15,203 15,237
Class B Common Stock      
Income per share—Basic:      
Common stock (in dollars per share) $ 4.62 $ 4.57 $ 6.66
Income allocated to—Basic:      
Common stock $ 16,570 $ 16,560 $ 24,263
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 3,590 3,621 3,643
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization of its intangible assets.
[2] Depreciation and amortization for the full year of fiscal 2023 and 2022 included approximately $14.7 million and $10.9 million, respectively, of non-cash amortization expense recognized on acquisition-related intangible assets.