Net Income Per Share (Tables)

3 Months Ended

Nov. 25, 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
	November 25, 2017		November 26, 2016

Net income available to shareholders	$	34,206	$	28,214

Allocation of net income for Basic:
Common Stock	$	27,384	$	22,342
Class B Common Stock	6,822		5,668
Unvested participating shares	—		204
	$	34,206	$	28,214

Weighted average number of shares for Basic:
Common Stock	15,462		15,285
Class B Common Stock	4,816		4,847
Unvested participating shares	—		140
	20,278		20,272

Earnings per share for Basic:
Common Stock	$	1.77	$	1.46
Class B Common Stock	$	1.42	$	1.17

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 weeks ended November 25, 2017 and November 26, 2016 (in thousands, except per share data):



	Thirteen weeks ended November 25, 2017					Thirteen weeks ended November 26, 2016
	Earnings to Common shareholders		Common Shares	EPS		Earnings to Common shareholders			Common Shares	EPS

As reported - Basic	$	27,384	15,462	$	1.77	$	22,342		15,285	$	1.46

Add: effect of dilutive potential common shares
Share-Based Awards	—		156			—			117
Class B Common Stock	6,822		4,816			5,668			4,847

Add: Undistributed earnings allocated to unvested participating shares	—		—			199			—

Less: Undistributed earnings reallocated to unvested participating shares	—		—			(189		)	—

Diluted EPS – Common Stock	$	34,206	20,434	$	1.67	$	28,020		20,249	$	1.38