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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 27, 2017
May 28, 2016
May 27, 2017
May 28, 2016
Revenues $ 409,834 $ 367,799 $ 1,187,369 $ 1,104,280
Operating expenses:        
Cost of revenues [1] 255,824 224,932 743,869 677,207
Selling and administrative expenses [1] 93,077 74,541 257,384 222,713
Depreciation and amortization 22,162 20,409 65,442 59,956
Total operating expenses 371,063 319,882 1,066,695 959,876
Income from operations 38,771 47,917 120,674 144,404
Other (income) expense:        
Interest expense 194 211 548 650
Interest income (1,003) (902) (3,278) (2,558)
Foreign exchange loss (gain) 218 (91) 604 256
Total other (income) expense (591) (782) (2,126) (1,652)
Income before income taxes 39,362 48,699 122,800 146,056
Provision for income taxes 15,000 18,555 47,708 56,524
Net income $ 24,362 $ 30,144 $ 75,092 $ 89,532
Income per share – Diluted:        
Common Stock (in dollars per share) $ 1.19 $ 1.49 $ 3.68 $ 4.43
Income allocated to – Basic:        
Common Stock $ 24,362 $ 30,144 $ 75,092 $ 89,532
Income allocated to – Diluted:        
Common Stock $ 24,199 $ 30,007 $ 74,581 $ 89,149
Weighted average number of shares outstanding – Basic:        
Common Stock (in shares) 20,308 20,177 20,290 20,139
Weighted average number of shares outstanding – Diluted:        
Common Stock (in shares) 20,279 20,183 20,254 20,141
Common Stock        
Income per share – Basic:        
Common Stock (in dollars per share) $ 1.26 $ 1.57 $ 3.89 $ 4.67
Income allocated to – Basic:        
Common Stock $ 19,307 $ 23,939 $ 59,486 $ 71,172
Weighted average number of shares outstanding – Basic:        
Common Stock (in shares) 15,326 15,253 15,305 15,238
Dividends per share:        
Dividends per share (in dollars per share) $ 0.0375 $ 0.0375 $ 0.1125 $ 0.1125
Class B Common Stock        
Income per share – Basic:        
Common Stock (in dollars per share) $ 1.01 $ 1.26 $ 3.11 $ 3.74
Income allocated to – Basic:        
Common Stock $ 4,883 $ 6,061 $ 15,068 $ 17,956
Weighted average number of shares outstanding – Basic:        
Common Stock (in shares) 4,846 4,827 4,846 4,805
Dividends per share:        
Dividends per share (in dollars per share) $ 0.0300 $ 0.0300 $ 0.0900 $ 0.0900
[1] Exclusive of depreciation on the Company’s property, plant and equipment and amortization on its intangible assets.