Income Per Share (Tables)

9 Months Ended

May 25, 2019

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 25, 2019		May 26, 2018		May 25, 2019		May 26, 2018
Net income available to shareholders	$	47,220	$	36,359	$	133,146	$	128,943
Allocation of net income for Basic:
Common Stock	$	39,563	$	30,034	$	111,626	$	104,324
Class B Common Stock		7,657		6,325		21,520		24,619
	$	47,220	$	36,359	$	133,146	$	128,943
Weighted average number of shares for Basic:
Common Stock		15,341		15,446		15,400		15,463
Class B Common Stock		3,710		4,087		3,710		4,573
		19,051		19,533		19,110		20,036
Income per share for Basic:
Common Stock	$	2.58	$	1.94	$	7.25	$	6.75
Class B Common Stock	$	2.06	$	1.55	$	5.80	$	5.38

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 25, 2019 (in thousands, except per share data):

	Thirteen Weeks Ended May 25, 2019						Thirty-Nine Weeks Ended May 25, 2019
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	39,563		15,341	$	2.58	$	111,626		15,400	$	7.25
Add: effect of dilutive potential common shares
Share-Based Awards		—		117				—		110
Class B Common Stock		7,657		3,710				21,520		3,710
As reported – Diluted	$	47,220		19,168	$	2.46	$	133,146		19,220	$	6.93

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