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Share-based Compensation (Tables)
12 Months Ended
Aug. 28, 2021
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

 

2021

 

 

2020

 

 

2019

 

Risk-free interest rate

 

 

0.47

%

 

 

1.69

%

 

 

3.07

%

Expected dividend yield

 

 

0.58

%

 

 

0.50

%

 

 

0.48

%

Expected life in years

 

 

5.70

 

 

 

5.60

 

 

 

7.24

 

Expected volatility

 

 

27.5

%

 

 

22.4

%

 

 

22.9

%

 

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 2021:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

Outstanding, August 29, 2020

 

 

494,933

 

 

$

132.14

 

Granted

 

 

36,725

 

 

 

172.58

 

Exercised

 

 

(117,693

)

 

 

104.55

 

Forfeited

 

 

(19,791

)

 

 

133.66

 

Outstanding, August 28, 2021

 

 

394,174

 

 

$

144.07

 

 

 

 

 

 

 

 

 

 

Exercisable, August 28, 2021

 

 

95,235

 

 

$

121.59

 

 

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 2021:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Price

 

Unvested balance at August 29, 2020

 

 

57,920

 

 

$

183.90

 

Granted

 

 

44,993

 

 

 

174.42

 

Vested

 

 

(5,929

)

 

 

173.70

 

Forfeited

 

 

(2,426

)

 

 

196.15

 

Unvested balance at August 28, 2021

 

 

94,558

 

 

$

178.78