Income Per Share (Tables)

6 Months Ended

Feb. 23, 2019

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
	February 23, 2019		February 24, 2018		February 23, 2019		February 24, 2018
Net income available to shareholders	$	47,606	$	58,378	$	85,926	$	92,584
Allocation of net income for Basic:
Common Stock	$	39,923	$	46,744	$	72,061	$	74,126
Class B Common Stock		7,683		11,634		13,865		18,458
	$	47,606	$	58,378	$	85,926	$	92,584
Weighted average number of shares for Basic:
Common Stock		15,428		15,481		15,430		15,471
Class B Common Stock		3,710		4,816		3,710		4,816
		19,138		20,297		19,140		20,287
Income per share for Basic:
Common Stock	$	2.59	$	3.02	$	4.67	$	4.79
Class B Common Stock	$	2.07	$	2.42	$	3.74	$	3.83

Schedule of Computation of Diluted Income Per Share

The following table sets forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 23, 2019 (in thousands, except per share data):

	Thirteen weeks ended February 23, 2019						Twenty-six weeks ended February 23, 2019
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	39,923		15,428	$	2.59	$	72,061		15,430	$	4.67
Add: effect of dilutive potential common shares
Share-Based Awards		—		94				—		118
Class B Common Stock		7,683		3,710				13,865		3,710
As reported – Diluted	$	47,606		19,232	$	2.48	$	85,926		19,258	$	4.46

The following table sets forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 24, 2018 (in thousands, except per share data):

	Thirteen weeks ended February 24, 2018						Twenty-six weeks ended February 24, 2018
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	46,744		15,481	$	3.02	$	74,126		15,471	$	4.79
Add: effect of dilutive potential common shares
Share-Based Awards		—		166				—		147
Class B Common Stock		11,634		4,816				18,458		4,816
As reported – Diluted	$	58,378		20,463	$	2.85	$	92,584		20,434	$	4.53