Income Per Share (Tables)

9 Months Ended

May 26, 2018

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				Thirty-nine weeks ended
	May 26, 2018		May 27, 2017		May 26, 2018		May 27, 2017

Net income available to shareholders	$	36,359	$	24,362	$	128,943	$	75,092

Allocation of net income for Basic:
Common Stock	$	30,034	$	19,307	$	104,324	$	59,486
Class B Common Stock	6,325		4,883		24,619		15,068
Unvested participating shares	—		172		—		538
	$	36,359	$	24,362	$	128,943	$	75,092

Weighted average number of shares for Basic:
Common Stock	15,446		15,326		15,463		15,305
Class B Common Stock	4,087		4,846		4,573		4,846
Unvested participating shares	—		136		—		139
	19,533		20,308		20,036		20,290

Income per share for Basic:
Common Stock	$	1.94	$	1.26	$	6.75	$	3.89
Class B Common Stock	$	1.55	$	1.01	$	5.38	$	3.11

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 thirty-nine weeks ended May 26, 2018 (in thousands, except per share data):



	Thirteen weeks ended May 26, 2018					Thirty-nine weeks ended May 26, 2018
	Earnings to Common shareholders		Common Shares	Income Per Share		Earnings to Common shareholders		Common Shares	Income Per Share

As reported - Basic	$	30,034	15,446	$	1.94	$	104,324	15,463	$	6.75

Add: effect of dilutive potential common shares
Share-Based Awards	—		154			—		142
Class B Common Stock	6,325		4,087			24,619		4,573

As reported – Diluted	$	36,359	19,687	$	1.85	$	128,943	20,178	$	6.39

The following table sets forth the computation of diluted income per share of Common Stock for the thirteen and thirty-nine weeks ended May 27, 2017 (in thousands, except per share data):



	Thirteen weeks ended May 27, 2017						Thirty-nine weeks ended May 27, 2017
	Earnings to Common shareholders			Common Shares	Income Per Share		Earnings to Common shareholders			Common Shares	Income Per Share

As reported - Basic	$	19,307		15,326	$	1.26	$	59,486		15,305	$	3.89

Add: effect of dilutive potential common shares
Share-Based Awards	—			107			—			103
Class B Common Stock	4,883			4,846			15,068			4,846

Add: Undistributed earnings allocated to unvested participating shares	166			—			523			—

Less: Undistributed earnings reallocated to unvested participating shares	(157		)	—			(496		)	—

As reported – Diluted	$	24,199		20,279	$	1.19	$	74,581		20,254	$	3.68