Income Per Share (Tables)

9 Months Ended

May 29, 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				Thirty-Nine Weeks Ended
	May 29, 2021		May 30, 2020		May 29, 2021		May 30, 2020
Net income available to shareholders	$	42,016	$	21,285	$	116,497	$	104,207
Allocation of net income for Basic:
Common Stock	$	35,270	$	17,871	$	97,792	$	87,519
Class B Common Stock		6,746		3,414		18,705		16,688
	$	42,016	$	21,285	$	116,497	$	104,207
Weighted average number of shares for Basic:
Common Stock		15,238		15,255		15,238		15,285
Class B Common Stock		3,643		3,643		3,643		3,643
		18,881		18,898		18,881		18,928
Income per share for Basic:
Common Stock	$	2.31	$	1.17	$	6.42	$	5.73
Class B Common Stock	$	1.85	$	0.94	$	5.13	$	4.58

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 thirty-nine weeks ended May 29, 2021 and May 30, 2020 (in thousands, except per share data):

	Thirteen weeks ended May 29, 2021						Thirty-nine weeks ended May 29, 2021
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	35,270		15,238	$	2.31	$	97,792		15,238	$	6.42
Add: effect of dilutive potential common shares
Share-Based Awards		—		170				—		160
Class B Common Stock		6,746		3,643				18,705		3,643
As reported – Diluted	$	42,016		19,051	$	2.21	$	116,497		19,041	$	6.12

	Thirteen weeks ended May 30, 2020						Thirty-nine weeks ended May 30, 2020
	Earnings to Common Shareholders		Common Shares		Income Per Share		Earnings to Common Shareholders		Common Shares		Income Per Share
As reported - Basic	$	17,871		15,255	$	1.17	$	87,519		15,285	$	5.73
Add: effect of dilutive potential common shares
Share-Based Awards		—		97				—		146
Class B Common Stock		3,414		3,643				16,688		3,643
As reported – Diluted	$	21,285		18,995	$	1.12	$	104,207		19,074	$	5.46