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Quarterly Financial Data (Unaudited)
12 Months Ended
Aug. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Quarterly Financial Data (Unaudited)


The following is a summary of the results of operations for each of the quarters within the years ended August 30, 2014 and August 31, 2013. This quarterly financial information was prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission; however, the Company believes that the information furnished reflects all adjustments (consisting only of normal recurring adjustments) which were, in the opinion of management, necessary for a fair statement of results in the interim periods. This summary should be read in conjunction with these Consolidated Financial Statements and notes to Consolidated Financial Statements.


(In thousands, except per share data)

For the year ended August 30, 2014

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

 

Revenues

  $ 346,704     $ 343,967     $ 352,238     $ 351,988  

Income before income taxes

    56,356       41,224       50,114       47,657  

Provision for income taxes

    21,894       15,577       19,170       18,785  
                                 

Net income

  $ 34,462     $ 25,647     $ 30,944     $ 28,872  
                                 

Income per share – basic

                               

Common Stock

  $ 1.81     $ 1.34     $ 1.62     $ 1.51  

Class B Common Stock

  $ 1.45     $ 1.08     $ 1.30     $ 1.21  
                                 

Income per share – diluted

                               

Common Stock

  $ 1.71     $ 1.27     $ 1.53     $ 1.43  
                                 

Income allocated to – basic

                               

Common Stock

  $ 27,208     $ 20,267     $ 24,493     $ 22,876  

Class B Common Stock

  $ 6,798     $ 5,041     $ 6,127     $ 5,742  
                                 

Income allocated to – diluted

                               

Common Stock

  $ 34,031     $ 25,326     $ 30,637     $ 28,631  
                                 

Weighted average number of shares outstanding – basic

                               

Common Stock

    15,029       15,077       15,102       15,113  

Class B Common Stock

    4,693       4,687       4,722       4,741  
                                 

Weighted average number of shares outstanding – diluted

                               

Common Stock

    19,891       19,924       19,977       20,007  

(In thousands, except per share data)

For the year ended August 31, 2013

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

 

Revenues

  $ 332,569     $ 334,306     $ 335,764     $ 352,876  

Income before income taxes

    50,426       43,215       45,831       48,137  

Provision for income taxes

    19,666       16,573       17,109       17,576  
                                 

Net income

  $ 30,760     $ 26,642     $ 28,722     $ 30,561  
                                 

Income per share – basic

                               

Common Stock

  $ 1.62     $ 1.40     $ 1.51     $ 1.61  

Class B Common Stock

  $ 1.30     $ 1.12     $ 1.21     $ 1.29  
                                 

Income per share – diluted

                               

Common Stock

  $ 1.54     $ 1.33     $ 1.43     $ 1.52  
                                 

Income allocated to – basic

                               

Common Stock

  $ 24,191     $ 20,963     $ 22,638     $ 24,123  

Class B Common Stock

  $ 6,025     $ 5,209     $ 5,647     $ 6,033  
                                 

Income allocated to – diluted

                               

Common Stock

  $ 30,244     $ 26,196     $ 28,307     $ 30,178  
                                 

Weighted average number of shares outstanding – basic

                               

Common Stock

    14,925       14,962       14,993       15,017  

Class B Common Stock

    4,647       4,647       4,675       4,694  
                                 

Weighted average number of shares outstanding – diluted

                               

Common Stock

    19,693       19,747       19,820       19,882