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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2020
Feb. 23, 2019
Feb. 29, 2020
Feb. 23, 2019
Revenues $ 464,600 $ 437,485 $ 929,998 $ 876,035
Operating expenses:        
Cost of revenues [1] 301,422 281,672 590,738 558,721
Selling and administrative expenses [1] 93,080 68,321 183,608 154,280
Depreciation and amortization 25,971 25,046 51,430 50,162
Total operating expenses 420,473 375,039 825,776 763,163
Operating income 44,127 62,446 104,222 112,872
Other (income) expense:        
Interest income, net (2,175) (2,009) (4,536) (3,714)
Other expense, net 539 1,060 1,067 1,232
Total other income, net (1,636) (949) (3,469) (2,482)
Income before income taxes 45,763 63,395 107,691 115,354
Provision for income taxes 11,083 15,789 24,769 29,428
Net income $ 34,680 $ 47,606 $ 82,922 $ 85,926
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.82 $ 2.48 $ 4.34 $ 4.46
Income allocated to – Basic:        
Common stock $ 34,680 $ 47,606 $ 82,922 $ 85,926
Income allocated to – Diluted:        
Common stock $ 34,680 $ 47,606 $ 82,922 $ 85,926
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,936 19,138 18,943 19,140
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 19,105 19,232 19,114 19,258
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.90 $ 2.59 $ 4.55 $ 4.67
Income allocated to – Basic:        
Common stock $ 29,129 $ 39,923 $ 69,654 $ 72,061
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,293 15,428 15,300 15,430
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.52 $ 2.07 $ 3.64 $ 3.74
Income allocated to – Basic:        
Common stock $ 5,551 $ 7,683 $ 13,268 $ 13,865
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,643 3,710 3,643 3,710
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.