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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 30, 2020
May 25, 2019
May 30, 2020
May 25, 2019
Revenues $ 445,518 $ 453,720 $ 1,375,516 $ 1,329,755
Operating expenses:        
Cost of revenues [1] 303,223 279,900 893,961 838,621
Selling and administrative expenses [1] 88,405 88,207 272,013 242,487
Depreciation and amortization 26,182 25,401 77,612 75,563
Total operating expenses 417,810 393,508 1,243,586 1,156,671
Operating income 27,708 60,212 131,930 173,084
Other (income) expense:        
Interest income, net (1,054) (2,293) (5,590) (6,007)
Other expense, net 1,556 805 2,623 2,037
Total other income, net 502 (1,488) (2,967) (3,970)
Income before income taxes 27,206 61,700 134,897 177,054
Provision for income taxes 5,921 14,480 30,690 43,908
Net income $ 21,285 $ 47,220 $ 104,207 $ 133,146
Income per share – Diluted:        
Common stock (in dollars per share) $ 1.12 $ 2.46 $ 5.46 $ 6.93
Income allocated to – Basic:        
Common stock $ 21,285 $ 47,220 $ 104,207 $ 133,146
Income allocated to – Diluted:        
Common stock $ 21,285 $ 47,220 $ 104,207 $ 133,146
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,898 19,051 18,928 19,110
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 18,995 19,168 19,074 19,220
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.17 $ 2.58 $ 5.73 $ 7.25
Income allocated to – Basic:        
Common stock $ 17,871 $ 39,563 $ 87,519 $ 111,626
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,255 15,341 15,285 15,400
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 0.94 $ 2.06 $ 4.58 $ 5.80
Income allocated to – Basic:        
Common stock $ 3,414 $ 7,657 $ 16,688 $ 21,520
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.