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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 29, 2021
May 30, 2020
May 29, 2021
May 30, 2020
Revenues $ 464,323 $ 445,518 $ 1,360,940 $ 1,375,516
Operating expenses:        
Cost of revenues [1] 286,605 303,223 851,860 893,961
Selling and administrative expenses [1] 96,976 88,405 279,008 272,013
Depreciation and amortization 26,583 26,182 79,178 77,612
Total operating expenses 410,164 417,810 1,210,046 1,243,586
Operating income 54,159 27,708 150,894 131,930
Other (income) expense:        
Interest income, net (671) (1,054) (2,102) (5,590)
Other expense, net 348 1,556 513 2,623
Total other (income) expense, net (323) 502 (1,589) (2,967)
Income before income taxes 54,482 27,206 152,483 134,897
Provision for income taxes 12,466 5,921 35,986 30,690
Net income $ 42,016 $ 21,285 $ 116,497 $ 104,207
Income per share – Diluted:        
Common stock (in dollars per share) $ 2.21 $ 1.12 $ 6.12 $ 5.46
Income allocated to – Basic:        
Common stock $ 42,016 $ 21,285 $ 116,497 $ 104,207
Income allocated to – Diluted:        
Common stock $ 42,016 $ 21,285 $ 116,497 $ 104,207
Weighted average shares outstanding – Basic:        
Common stock (in shares) 18,881 18,898 18,881 18,928
Weighted average shares outstanding – Diluted:        
Common stock (in shares) 19,051 18,995 19,041 19,074
Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 2.31 $ 1.17 $ 6.42 $ 5.73
Income allocated to – Basic:        
Common stock $ 35,270 $ 17,871 $ 97,792 $ 87,519
Weighted average shares outstanding – Basic:        
Common stock (in shares) 15,238 15,255 15,238 15,285
Class B Common Stock        
Income per share – Basic:        
Common stock (in dollars per share) $ 1.85 $ 0.94 $ 5.13 $ 4.58
Income allocated to – Basic:        
Common stock $ 6,746 $ 3,414 $ 18,705 $ 16,688
Weighted average shares outstanding – Basic:        
Common stock (in shares) 3,643 3,643 3,643 3,643
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.