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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 25, 2019
May 26, 2018
May 25, 2019
May 26, 2018
Revenues $ 453,720 $ 427,384 $ 1,329,755 $ 1,262,426
Operating expenses:        
Cost of revenues [1] 279,900 267,146 838,621 786,196
Selling and administrative expenses [1] 88,207 88,350 242,487 264,508
Depreciation and amortization 25,401 24,801 75,563 70,772
Total operating expenses 393,508 380,297 1,156,671 1,121,476
Operating income 60,212 47,087 173,084 140,950
Other (income) expense:        
Interest income, net (2,293) (1,189) (6,007) (3,895)
Other expense, net 805 484 2,037 452
Total other income, net (1,488) (705) (3,970) (3,443)
Income before income taxes 61,700 47,792 177,054 144,393
Provision for income taxes 14,480 11,433 43,908 15,450
Net income $ 47,220 $ 36,359 $ 133,146 $ 128,943
Income per share – Diluted:        
Common stock (in dollars per share) $ 2.46 $ 1.85 $ 6.93 $ 6.39
Income allocated to – Basic:        
Common stock $ 47,220 $ 36,359 $ 133,146 $ 128,943
Income allocated to – Diluted:        
Common stock $ 47,220 $ 36,359 $ 133,146 $ 128,943
Weighted average shares outstanding – Basic:        
Common stock (in shares) 19,051 19,533 19,110 20,036
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 19,168 19,687 19,220 20,178
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 2.58 $ 1.94 $ 7.25 $ 6.75
Income allocated to – Basic:        
Common stock $ 39,563 $ 30,034 $ 111,626 $ 104,324
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,341 15,446 15,400 15,463
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 2.06 $ 1.55 $ 5.80 $ 5.38
Income allocated to – Basic:        
Common stock $ 7,657 $ 6,325 $ 21,520 $ 24,619
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,710 4,087 3,710 4,573
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.