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Income Per Share (Tables)
6 Months Ended
Mar. 01, 2025
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

 

 

Twenty-Six Weeks Ended

 

 

 

March 1, 2025

 

 

February 24, 2024

 

 

March 1, 2025

 

 

February 24, 2024

 

Net income available to shareholders

 

$

24,459

 

 

$

20,457

 

 

$

67,564

 

 

$

62,782

 

Allocation of net income for Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

20,559

 

 

$

17,188

 

 

$

56,778

 

 

$

52,754

 

Class B Common Stock

 

 

3,900

 

 

 

3,269

 

 

 

10,786

 

 

 

10,028

 

 

$

24,459

 

 

$

20,457

 

 

$

67,564

 

 

$

62,782

 

Weighted average number of shares for Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

15,009

 

 

 

15,106

 

 

 

15,011

 

 

 

15,110

 

Class B Common Stock

 

 

3,558

 

 

 

3,590

 

 

 

3,566

 

 

 

3,590

 

 

 

18,567

 

 

 

18,696

 

 

 

18,577

 

 

 

18,700

 

Income per share for Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

1.37

 

 

$

1.14

 

 

$

3.78

 

 

$

3.49

 

Class B Common Stock

 

$

1.10

 

 

$

0.91

 

 

$

3.02

 

 

$

2.79

 

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 twenty-six weeks ended March 1, 2025 and February 24, 2024 (in thousands, except per share data):

 

 

 

Thirteen Weeks Ended March 1, 2025

 

 

Twenty-Six Weeks Ended March 1, 2025

 

 

 

Earnings
to Common
Shareholders

 

 

Common
Shares

 

 

Income
Per
Share

 

 

Earnings
to Common
Shareholders

 

 

Common
Shares

 

 

Income
Per
Share

 

As reported - Basic

 

$

20,559

 

 

 

15,009

 

 

$

1.37

 

 

$

56,778

 

 

 

15,011

 

 

$

3.78

 

Add: effect of dilutive potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-Based Awards

 

 

 

 

 

82

 

 

 

 

 

 

 

 

 

76

 

 

 

 

Class B Common Stock

 

 

3,900

 

 

 

3,558

 

 

 

 

 

 

10,786

 

 

 

3,566

 

 

 

 

As reported – Diluted

 

$

24,459

 

 

 

18,649

 

 

$

1.31

 

 

$

67,564

 

 

 

18,653

 

 

$

3.62

 

 

 

 

 

Thirteen Weeks Ended February 24, 2024

 

 

Twenty-Six Weeks Ended February 24, 2024

 

 

 

Earnings
to Common
Shareholders

 

 

Common
Shares

 

 

Income
Per
Share

 

 

Earnings
to Common
Shareholders

 

 

Common
Shares

 

 

Income
Per
Share

 

As reported - Basic

 

$

17,188

 

 

 

15,106

 

 

$

1.14

 

 

$

52,754

 

 

 

15,110

 

 

$

3.49

 

Add: effect of dilutive potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-Based Awards

 

 

 

 

 

58

 

 

 

 

 

 

 

 

 

58

 

 

 

 

Class B Common Stock

 

 

3,269

 

 

 

3,590

 

 

 

 

 

 

10,028

 

 

 

3,590

 

 

 

 

As reported – Diluted

 

$

20,457

 

 

 

18,754

 

 

$

1.09

 

 

$

62,782

 

 

 

18,758

 

 

$

3.35