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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 25, 2023
Nov. 26, 2022
Revenues $ 593,525 $ 541,798
Operating expenses:    
Cost of revenues [1] 383,796 353,972
Selling and administrative expenses [1] 122,859 117,363
Depreciation and amortization [2] 33,733 27,045
Total operating expenses 540,388 498,380
Operating income 53,137 43,418
Other (income) expense:    
Interest income, net (2,834) (2,769)
Other expense, net 716 791
Total other income, net (2,118) (1,978)
Income before income taxes 55,255 45,396
Provision for income taxes 12,930 11,439
Net income $ 42,325 $ 33,957
Income per share – Diluted:    
Common stock (in dollars per share) $ 2.26 $ 1.81
Income allocated to – Basic:    
Common stock $ 42,325 $ 33,957
Income allocated to – Diluted:    
Common Stock $ 42,325 $ 33,957
Weighted average shares outstanding – Basic:    
Common stock (in shares) 18,702 18,672
Weighted average shares outstanding – Diluted:    
Common stock (in shares) 18,769 18,754
Common Stock    
Income per share – Basic:    
Common stock (in dollars per share) $ 2.35 $ 1.89
Income per share – Diluted:    
Common stock (in dollars per share) $ 2.26 $ 1.81
Income allocated to – Basic:    
Common stock $ 35,566 $ 28,525
Weighted average shares outstanding – Basic:    
Common stock (in shares) 15,111 15,082
Class B Common Stock    
Income per share – Basic:    
Common stock (in dollars per share) $ 1.88 $ 1.51
Income allocated to – Basic:    
Common stock $ 6,759 $ 5,432
Weighted average shares outstanding – Basic:    
Common stock (in shares) 3,590 3,590
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.
[2] Depreciation and amortization for the thirteen weeks ended November 25, 2023 and November 26, 2022 included approximately $4.6 million and $2.6 million, respectively, of non-cash amortization expense recognized on acquisition-related intangible assets.