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Quarterly Financial Data (Unaudited)
12 Months Ended
Aug. 29, 2015
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 29, 2015 and August 30, 2014. 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 29, 2015

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

 

Revenues

  $ 370,361     $ 361,462     $ 365,574     $ 359,208  

Income before income taxes

    60,834       41,376       52,843       46,215  

Provision for income taxes

    23,421       15,930       20,344       17,274  
                                 

Net income

  $ 37,413     $ 25,446     $ 32,499     $ 28,941  
                                 

Income per share – basic

                               

Common Stock

  $ 1.96     $ 1.33     $ 1.70     $ 1.51  

Class B Common Stock

  $ 1.57     $ 1.06     $ 1.36     $ 1.21  
                                 

Income per share – diluted

                               

Common Stock

  $ 1.85     $ 1.26     $ 1.61     $ 1.43  
                                 

Income allocated to – basic

                               

Common Stock

  $ 29,649     $ 20,182     $ 25,817     $ 23,011  

Class B Common Stock

  $ 7,434     $ 5,041     $ 6,483     $ 5,803  
                                 

Income allocated to – diluted

                               

Common Stock

  $ 37,101     $ 25,235     $ 32,310     $ 28,821  
                                 

Weighted average number of shares outstanding – basic

                               

Common Stock

    15,128       15,185       15,207       15,210  

Class B Common Stock

    4,741       4,741       4,773       4,795  
                                 

Weighted average number of shares outstanding – diluted

                               

Common Stock

    20,008       20,065       20,118       20,142  

(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