Income Per Share (Tables)

9 Months Ended

May 25, 2024

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 25, 2024		May 27, 2023		May 25, 2024		May 27, 2023
Net income available to shareholders	$	38,057	$	24,276	$	100,839	$	76,043
Allocation of net income for Basic:
Common Stock	$	31,962	$	20,394	$	84,716	$	63,882
Class B Common Stock		6,095		3,882		16,123		12,161
	$	38,057	$	24,276	$	100,839	$	76,043
Weighted average number of shares for Basic:
Common Stock		15,062		15,087		15,094		15,084
Class B Common Stock		3,590		3,590		3,590		3,590
		18,652		18,677		18,684		18,674
Income per share for Basic:
Common Stock	$	2.12	$	1.35	$	5.61	$	4.23
Class B Common Stock	$	1.70	$	1.08	$	4.49	$	3.39

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 25, 2024 and May 27, 2023 (in thousands, except per share data):

	Thirteen Weeks Ended May 25, 2024						Thirty-Nine Weeks Ended May 25, 2024
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	31,962		15,062	$	2.12	$	84,716		15,094	$	5.61
Add: effect of dilutive potential common shares
Share-Based Awards		—		53				—		54
Class B Common Stock		6,095		3,590				16,123		3,590
As reported – Diluted	$	38,057		18,705	$	2.03	$	100,839		18,738	$	5.38

	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