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Share-based Compensation (Tables)
12 Months Ended
Aug. 29, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Assumptions

The fair value of each stock appreciation right is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used:

 

Fiscal year ended August

 

2020

 

 

2019

 

 

2018

 

Risk-free interest rate

 

 

1.69

%

 

 

3.07

%

 

 

2.23

%

Expected dividend yield

 

 

0.50

%

 

 

0.48

%

 

 

0.18

%

Expected life in years

 

 

5.60

 

 

 

7.24

 

 

 

7.41

 

Expected volatility

 

 

22.4

%

 

 

22.9

%

 

 

23.1

%

Summary of Share-Based Award Activity for Stock Options and Stock Appreciation Rights

The following table summarizes the Share-Based Awards activity in the form of stock options and stock appreciation rights for fiscal 2020:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

Outstanding, August 31, 2019

 

 

570,250

 

 

$

122.03

 

Granted

 

 

35,396

 

 

 

203.04

 

Exercised

 

 

(92,501

)

 

 

98.96

 

Forfeited

 

 

(18,212

)

 

 

121.83

 

Outstanding, August 29, 2020

 

 

494,933

 

 

$

132.14

 

 

 

 

 

 

 

 

 

 

Exercisable, August 29, 2020

 

 

150,099

 

 

$

113.69

 

Summary of Share-Based Award Activity for Restricted Stock Units

The following table summarizes the Share-Based Awards activity in the form of restricted stock units for fiscal 2020:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Price

 

Unvested balance at August 31, 2019

 

 

28,533

 

 

$

153.96

 

Granted

 

 

36,421

 

 

 

201.29

 

Vested

 

 

(6,434

)

 

 

156.99

 

Forfeited

 

 

(600

)

 

 

201.24

 

Unvested balance at August 29, 2020

 

 

57,920

 

 

$

183.90