XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2024
Aug. 26, 2023
Aug. 27, 2022
Revenues $ 2,427,431 $ 2,233,047 $ 2,000,822
Operating expenses:      
Cost of revenues [1] 1,579,835 1,481,296 1,306,451
Selling and administrative expenses [1] 522,586 496,915 451,243
Depreciation and amortization [2] 141,432 121,233 108,777
Total operating expenses 2,243,853 2,099,444 1,866,471
Operating income 183,578 133,603 134,351
Other (income) expense:      
Interest income, net (7,242) (6,738) (2,851)
Other expense, net 1,441 1,504 2,877
Total other (income) expense, net (5,801) (5,234) 26
Income before income taxes 189,379 138,837 134,325
Provision for income taxes 43,905 35,163 30,921
Net income $ 145,474 $ 103,674 $ 103,404
Income per share—Diluted:      
Common stock (in dollars per share) $ 7.77 $ 5.53 $ 5.46
Income allocated to—Basic:      
Common stock $ 145,474 $ 103,674 $ 103,404
Income allocated to—Diluted:      
Common Stock $ 145,474 $ 103,674 $ 103,404
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 18,663 18,688 18,824
Weighted average number of shares outstanding—Diluted:      
Common stock (in shares) 18,724 18,762 18,933
Common Stock      
Income per share—Basic:      
Common stock (in dollars per share) $ 8.11 $ 5.77 $ 5.71
Income allocated to—Basic:      
Common stock $ 122,188 $ 87,104 $ 86,844
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 15,073 15,098 15,203
Class B Common Stock      
Income per share—Basic:      
Common stock (in dollars per share) $ 6.49 $ 4.62 $ 4.57
Income allocated to—Basic:      
Common stock $ 23,286 $ 16,570 $ 16,560
Weighted average number of shares outstanding—Basic:      
Common stock (in shares) 3,590 3,590 3,621
[1] Exclusive of depreciation of the Company’s property, plant and equipment and amortization of its intangible assets.
[2] Depreciation and amortization for the full year of fiscal 2024, 2023 and 2022 included approximately $18.8 million, $14.7 million and $10.9 million, respectively, of non-cash amortization expense recognized for acquisition-related intangible assets.