Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 26, 2017

The components of inventory as of August 26, 2017 and August 27, 2016 were as follows (in thousands):



	August 26, 2017		August 27, 2016
Raw materials	$	18,468	$	16,826
Work in process	4,159		2,275
Finished goods	56,441		59,786
Total inventory	$	79,068	$	78,887

Components of Property, Plant and Equipment

The components of property, plant and equipment as of August 26, 2017 and August 27, 2016 were as follows (in thousands):



	August 26, 2017		August 27, 2016
Land, buildings and leasehold equipment	$	467,050	$	432,716
Machinery and equipment	540,185		569,627
Motor vehicles	220,205		198,770
	1,227,440		1,201,113
Less: accumulated depreciation	702,325		661,295
Total property, plant and equipment	$	525,115	$	539,818

Schedule of Useful Lives of Property, Plant and Equipment

The Company provides for depreciation on the straight-line method based on the date the asset is placed in service using the following estimated useful lives:



Buildings (in years)	30	—	40
Building components (in years)	10	—	20
Leasehold improvements	Shorter of useful life or term of lease
Machinery and equipment (in years)	3	—	10
Motor vehicles (in years)	3	—	5

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):



Year ended	August 26, 2017		August 27, 2016		August 29, 2015
Net income available to shareholders	$	70,196	$	125,026	$	124,299

Allocation of net income for Basic:
Common Stock	$	55,903	$	99,282	$	98,665
Class B Common Stock	13,915		25,093		24,761
Unvested participating shares	378		651		873
	$	70,196	$	125,026	$	124,299

Weighted average number of shares for Basic:
Common Stock	15,382		15,245		15,182
Class B Common Stock	4,786		4,816		4,763
Unvested participating shares	116		107		153
	20,284		20,168		20,098

Earnings per share for Basic:
Common Stock	$	3.63	$	6.51	$	6.50
Class B Common Stock	$	2.91	$	5.21	$	5.20

Reconciliation of Basic and Diluted Net Income Per Share

The following presents a reconciliation of basic and diluted net income per share (in thousands, except per share data):



	Year Ended August 26, 2017						Year Ended August 27, 2016					Year Ended August 29, 2015
	Earnings to Common shareholders			Common Shares	EPS		Earnings to Common shareholders		Common Shares	EPS		Earnings to Common shareholders			Common Shares	EPS
As reported – Basic	$	55,903		15,382	$	3.63	99,282		15,245	$	6.51	$	98,665		15,182	$	6.50

Add: effect of dilutive potential common shares
Share-Based Awards	—			108			—		93			—			134
Class B Common Stock	13,915			4,786			25,093		4,816			24,761			4,763

Add: Undistributed earnings allocated to unvested participating shares	362			—			636		—			853			—

Less: Undistributed earnings reallocated to unvested participating shares	(343		)	—			(602	)	—			(807		)	—

Diluted EPS – Common Stock	$	69,837		20,276	$	3.44	124,409		20,154	$	6.17	$	123,472		20,079	$	6.15