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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2025
May 25, 2024
May 31, 2025
May 25, 2024
Revenues $ 610,778 $ 603,328 $ 1,817,905 $ 1,787,564
Operating expenses:        
Cost of revenues [1] 385,189 391,244 1,160,388 1,171,231
Selling and administrative expenses [1] 142,690 129,074 418,119 383,350
Depreciation and amortization 34,722 34,560 104,476 [2] 103,453 [2]
Total operating expenses 562,601 554,878 1,682,983 1,658,034
Operating income 48,177 48,450 134,922 129,530
Other (income) expense:        
Interest income, net (2,514) (1,406) (7,422) (4,590)
Other (income) expense, net (2,704) 522 (1,620) 1,813
Total other income, net (5,218) (884) (9,042) (2,777)
Income before income taxes 53,395 49,334 143,964 132,307
Provision for income taxes 13,715 11,277 36,720 31,468
Net income $ 39,680 $ 38,057 $ 107,244 $ 100,839
Income per share – Diluted:        
Common stock (in dollars per share) $ 2.13 $ 2.03 $ 5.76 $ 5.38
Income allocated to – Basic:        
Common stock $ 39,680 $ 38,057 $ 107,244 $ 100,839
Income allocated to – Diluted:        
Common Stock $ 39,680 $ 38,057 $ 107,244 $ 100,839
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,547 18,652 18,570 18,684
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 18,607 18,705 18,633 18,738
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 2.22 $ 2.12 $ 6.01 $ 5.61
Income per share – Diluted:        
Common stock (in dollars per share) $ 2.13 $ 2.03 $ 5.76 $ 5.38
Income allocated to – Basic:        
Common stock $ 33,346 $ 31,962 $ 90,126 $ 84,716
Weighted average shares outstanding – Basic:        
Common stock (in shares) 14,990 15,062 15,007 15,094
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.78 $ 1.7 $ 4.80 $ 4.49
Income allocated to – Basic:        
Common stock $ 6,334 $ 6,095 $ 17,118 $ 16,123
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,557 3,590 3,563 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 thirty-nine weeks ended May 31, 2025 and May 25, 2024 included approximately $12.7 million and $13.9 million, respectively, of non-cash amortization expense recognized for acquisition-related intangible assets.