Net Income Per Share (Tables)

6 Months Ended

Feb. 24, 2018

Schedule of Computation of Basic Earnings Per Share

The following table sets forth the computation of basic earnings 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 24, 2018		February 25, 2017		February 24, 2018		February 25, 2017

Net income available to shareholders	$	58,378	$	22,516	$	92,584	$	50,730

Allocation of net income for Basic:
Common Stock	$	46,744	$	17,836	$	74,126	$	40,178
Class B Common Stock	11,634		4,518		18,458		10,184
Unvested participating shares	—		162		—		368
	$	58,378	$	22,516	$	92,584	$	50,730

Weighted average number of shares for Basic:
Common Stock	15,481		15,305		15,471		15,295
Class B Common Stock	4,816		4,846		4,816		4,846
Unvested participating shares	—		139		—		140
	20,297		20,290		20,287		20,281

Earnings per share for Basic:
Common Stock	$	3.02	$	1.17	$	4.79	$	2.63
Class B Common Stock	$	2.42	$	0.93	$	3.83	$	2.10

Schedule of Computation of Diluted Earnings Per Share

The following table sets forth the computation of diluted earnings per share of Common Stock for the thirteen and twenty-six weeks ended February 25, 2017 (in thousands, except per share data):



	Thirteen weeks ended February 25, 2017						Twenty-six weeks ended February 25, 2017
	Earnings to Common shareholders			Common Shares	EPS		Earnings to Common shareholders			Common Shares	EPS

As reported - Basic	$	17,836		15,305	$	1.17	$	40,178		15,295	$	2.63

Add: effect of dilutive potential common shares
Share-Based Awards	—			112			—			109
Class B Common Stock	4,518			4,846			10,184			4,846

Add: Undistributed earnings allocated to unvested participating shares	158			—			357			—

Less: Undistributed earnings reallocated to unvested participating shares	(150		)	—			(338		)	—

As reported – Diluted	$	22,362		20,263	$	1.10	$	50,381		20,250	$	2.49

The following table sets forth the computation of diluted earnings 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	EPS		Earnings to Common shareholders		Common Shares	EPS

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

Add: Undistributed earnings allocated to unvested participating shares	—		—			—		—

Less: Undistributed earnings reallocated to unvested participating shares	—		—			—		—

As reported – Diluted	$	58,378	20,463	$	2.85	$	92,584	20,434	$	4.53