Income Per Share (Tables)

6 Months Ended

Feb. 27, 2021

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 27, 2021		February 29, 2020		February 27, 2021		February 29, 2020
Net income available to shareholders	$	32,585	$	34,680	$	74,481	$	82,922
Allocation of net income for Basic:
Common Stock	$	27,349	$	29,129	$	62,520	$	69,654
Class B Common Stock		5,236		5,551		11,961		13,268
	$	32,585	$	34,680	$	74,481	$	82,922
Weighted average number of shares for Basic:
Common Stock		15,223		15,293		15,235		15,300
Class B Common Stock		3,643		3,643		3,643		3,643
		18,866		18,936		18,878		18,943
Income per share for Basic:
Common Stock	$	1.80	$	1.90	$	4.10	$	4.55
Class B Common Stock	$	1.44	$	1.52	$	3.28	$	3.64

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 27, 2021 and February 29, 2020 (in thousands, except per share data):

	Thirteen weeks ended February 27, 2021						Twenty-six weeks ended February 27, 2021
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	27,349		15,223	$	1.80	$	62,520		15,235	$	4.10
Add: effect of dilutive potential common shares
Share-Based Awards		—		171				—		154
Class B Common Stock		5,236		3,643				11,961		3,643
As reported – Diluted	$	32,585		19,037	$	1.71	$	74,481		19,032	$	3.91

	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