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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 30, 2024
Nov. 25, 2023
Revenues $ 604,908 $ 593,525
Operating expenses:    
Cost of revenues [1] 381,054 383,796
Selling and administrative expenses [1] 133,515 122,859
Depreciation and amortization [2] 34,808 33,733
Total operating expenses 549,377 540,388
Operating income 55,531 53,137
Other (income) expense:    
Interest income, net (2,695) (2,834)
Other expense, net 290 716
Total other income, net (2,405) (2,118)
Income before income taxes 57,936 55,255
Provision for income taxes 14,831 12,930
Net income $ 43,105 $ 42,325
Income per share – Diluted:    
Common stock (in dollars per share) $ 2.31 $ 2.26
Income allocated to – Basic:    
Common stock $ 43,105 $ 42,325
Income allocated to – Diluted:    
Common Stock $ 43,105 $ 42,325
Weighted average shares outstanding – Basic:    
Common stock (in shares) 18,586 18,702
Weighted average shares outstanding – Diluted:    
Common stock (in shares) 18,666 18,769
Common Stock    
Income per share – Basic:    
Common stock (in dollars per share) $ 2.41 $ 2.35
Income per share – Diluted:    
Common stock (in dollars per share) $ 2.31 $ 2.26
Income allocated to – Basic:    
Common stock $ 36,213 $ 35,566
Weighted average shares outstanding – Basic:    
Common stock (in shares) 15,012 15,111
Class B Common Stock    
Income per share – Basic:    
Common stock (in dollars per share) $ 1.93 $ 1.88
Income allocated to – Basic:    
Common stock $ 6,892 $ 6,759
Weighted average shares outstanding – Basic:    
Common stock (in shares) 3,574 3,590
[1] Exclusive of depreciation of the Company’s property, plant and equipment and amortization of its intangible assets.
[2] Depreciation and amortization for the thirteen weeks ended November 30, 2024 and November 25, 2023 included approximately $4.2 million and $4.6 million, respectively, of non-cash amortization expense recognized for acquisition-related intangible assets.