Net Income Per Share (Tables)

9 Months Ended

May 27, 2017

Schedule of Computation of Basic Earnings Per Share

The following table sets forth the computation of basic earnings 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 27, 2017		May 28, 2016		May 27, 2017		May 28, 2016

Net income available to shareholders	$	24,362	$	30,144	$	75,092	$	89,532

Allocation of net income for Basic:
Common Stock	$	19,307	$	23,939	$	59,486	$	71,172
Class B Common Stock	4,883		6,061		15,068		17,956
Unvested participating shares	172		144		538		404
	$	24,362	$	30,144	$	75,092	$	89,532

Weighted average number of shares for Basic:
Common Stock	15,326		15,253		15,305		15,238
Class B Common Stock	4,846		4,827		4,846		4,805
Unvested participating shares	136		97		139		96
	20,308		20,177		20,290		20,139

Earnings per share for Basic:
Common Stock	$	1.26	$	1.57	$	3.89	$	4.67
Class B Common Stock	$	1.01	$	1.26	$	3.11	$	3.74

Schedule of Computation of Diluted Earnings Per Share

The following table sets forth the computation of diluted earnings per share of Common Stock for the thirteen and thirty-nine weeks ended May 27, 2017 (in thousands, except per share data):



	Thirteen weeks ended May 27, 2017						Thirty-nine weeks ended May 27, 2017
	Earnings to Common shareholders			Common Shares	EPS		Earnings to Common shareholders			Common Shares	EPS

As reported - Basic	$	19,307		15,326	$	1.26	$	59,486		15,305	$	3.89

Add: effect of dilutive potential common shares
Share-Based Awards	—			107			—			103
Class B Common Stock	4,883			4,846			15,068			4,846

Add: Undistributed earnings allocated to unvested participating shares	166			—			523			—

Less: Undistributed earnings reallocated to unvested participating shares	(157		)	—			(496		)	—

Diluted EPS – Common Stock	$	24,199		20,279	$	1.19	$	74,581		20,254	$	3.68

The following table sets forth the computation of diluted earnings per share of Common Stock for the thirteen and thirty-nine weeks ended May 28, 2016 (in thousands, except per share data):



	Thirteen weeks ended May 28, 2016						Thirty-nine weeks ended May 28, 2016
	Earnings to Common shareholders			Common Shares	EPS		Earnings to Common shareholders			Common Shares	EPS

As reported - Basic	$	23,939		15,253	$	1.57	$	71,172		15,238	$	4.67

Add: effect of dilutive potential common shares
Share-based awards	—			103			—			98
Class B Common Stock	6,061			4,827			17,956			4,805

Add: Undistributed earnings allocated to unvested participating shares	141			—			395			—

Less: Undistributed earnings reallocated to unvested participating shares	(134		)	—			(374		)	—

Diluted EPS – Common Stock	$	30,007		20,183	$	1.49	$	89,149		20,141	$	4.43