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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 01, 2025
Feb. 24, 2024
Mar. 01, 2025
Feb. 24, 2024
Revenues $ 602,219 $ 590,711 $ 1,207,127 $ 1,184,236
Operating expenses:        
Cost of revenues [1] 394,145 396,191 775,199 779,987
Selling and administrative expenses [1] 141,914 131,417 275,429 254,276
Depreciation and amortization 34,946 35,160 69,754 [2] 68,893 [2]
Total operating expenses 571,005 562,768 1,120,382 1,103,156
Operating income 31,214 27,943 86,745 81,080
Other (income) expense:        
Interest income, net (2,213) (350) (4,908) (3,184)
Other expense, net 794 575 1,084 1,291
Total other (income) expense, net (1,419) 225 (3,824) (1,893)
Income before income taxes 32,633 27,718 90,569 82,973
Provision for income taxes 8,174 7,261 23,005 20,191
Net income $ 24,459 $ 20,457 $ 67,564 $ 62,782
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.31 $ 1.09 $ 3.62 $ 3.35
Income allocated to – Basic:        
Common stock $ 24,459 $ 20,457 $ 67,564 $ 62,782
Income allocated to – Diluted:        
Common Stock $ 24,459 $ 20,457 $ 67,564 $ 62,782
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,567 18,696 18,577 18,700
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 18,649 18,754 18,653 18,758
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.37 $ 1.14 $ 3.78 $ 3.49
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.31 $ 1.09 $ 3.62 $ 3.35
Income allocated to – Basic:        
Common stock $ 20,559 $ 17,188 $ 56,778 $ 52,754
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,009 15,106 15,011 15,110
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.1 $ 0.91 $ 3.02 $ 2.79
Income allocated to – Basic:        
Common stock $ 3,900 $ 3,269 $ 10,786 $ 10,028
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,558 3,590 3,566 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 twenty-six weeks ended March 1, 2025 and February 24, 2024 included approximately $8.4 million and $9.2 million, respectively, of non-cash amortization expense recognized for acquisition-related intangible assets.