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Share-based Compensation (Tables)
12 Months Ended
Aug. 26, 2023
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

 

2023

 

 

2022

 

 

2021

 

Risk-free interest rate

 

 

3.97

%

 

 

1.27

%

 

 

0.47

%

Expected dividend yield

 

 

0.62

%

 

 

0.60

%

 

 

0.58

%

Expected life (in years)

 

 

5.43

 

 

 

5.17

 

 

 

5.70

 

Expected volatility

 

 

29.3

%

 

 

28.4

%

 

 

27.5

%

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 2023:

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

Outstanding, August 27, 2022

 

 

368,348

 

 

$

151.93

 

Granted

 

 

30,679

 

 

 

186.28

 

Expired

 

 

(770

)

 

 

175.86

 

Exercised

 

 

(49,471

)

 

 

126.69

 

Forfeited

 

 

(1,169

)

 

 

159.83

 

Outstanding, August 26, 2023

 

 

347,617

 

 

$

158.47

 

 

 

 

 

 

 

Exercisable, August 26, 2023

 

 

258,173

 

 

$

150.86

 

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 2023:

 

 

Number of
Shares

 

 

Weighted
Average
Grant Price

 

Unvested balance at August 27, 2022

 

 

91,700

 

 

$

187.43

 

Granted

 

 

51,822

 

 

 

180.25

 

Vested

 

 

(28,247

)

 

 

185.49

 

Forfeited

 

 

(6,520

)

 

 

185.93

 

Unvested balance at August 26, 2023

 

 

108,755

 

 

$

184.60