Income Per Share (Tables)

6 Months Ended

Feb. 29, 2020

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				Twenty-Six Weeks Ended
	February 29, 2020		February 23, 2019		February 29, 2020		February 23, 2019
Net income available to shareholders	$	34,680	$	47,606	$	82,922	$	85,926
Allocation of net income for Basic:
Common Stock	$	29,129	$	39,923	$	69,654	$	72,061
Class B Common Stock		5,551		7,683		13,268		13,865
	$	34,680	$	47,606	$	82,922	$	85,926
Weighted average number of shares for Basic:
Common Stock		15,293		15,428		15,300		15,430
Class B Common Stock		3,643		3,710		3,643		3,710
		18,936		19,138		18,943		19,140
Income per share for Basic:
Common Stock	$	1.90	$	2.59	$	4.55	$	4.67
Class B Common Stock	$	1.52	$	2.07	$	3.64	$	3.74

Schedule of Computation of Diluted Income Per Share

The following tables set forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 29, 2020 and February 23, 2019 (in thousands, except per share data):

	Thirteen weeks ended February 29, 2020						Twenty-six weeks ended February 29, 2020
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	29,129		15,293	$	1.90	$	69,654		15,300	$	4.55
Add: effect of dilutive potential common shares
Share-Based Awards		—		169				—		171
Class B Common Stock		5,551		3,643				13,268		3,643
As reported – Diluted	$	34,680		19,105	$	1.82	$	82,922		19,114	$	4.34

	Thirteen Weeks Ended February 23, 2019						Twenty-Six Weeks Ended February 23, 2019
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	39,923		15,428	$	2.59	$	72,061		15,430	$	4.67
Add: effect of dilutive potential common shares
Share-Based Awards		—		94				—		118
Class B Common Stock		7,683		3,710				13,865		3,710
As reported – Diluted	$	47,606		19,232	$	2.48	$	85,926		19,258	$	4.46