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Shareholders' Equity
9 Months Ended
Jun. 01, 2019
Shareholders' Equity [Abstract]  
Shareholders' Equity

Note 7. Shareholders’ Equity



Common Stock Repurchases and Treasury Stock



During the thirteen and thirty-nine-week periods ended June 1, 2019, the Company repurchased 0.5 and 1,054 shares of its Class A common stock for $39 and $84,464, respectively. From these totals, 0.5 and 316 shares have not been retired and the amounts of $39 and $24,137 are reflected at cost as treasury stock in the accompanying condensed consolidated financial statements for the thirteen and thirty-nine weeks ended June 1, 2019, respectively.



During the thirteen and thirty-nine-week periods ended June 2, 2018, the Company repurchased 42 and 291 shares of its Class A common stock for $3,656 and $25,384, respectively. These shares were not retired, and the values are reflected at cost as treasury stock in the accompanying condensed consolidated financial statements for the thirteen and thirty-nine weeks ended June 2, 2018, respectively. The total number of shares of Class A common stock authorized for future repurchase was 1,157 shares at June 1, 2019. 



The Company reissued 14 and 47 shares of treasury stock during the thirteen and thirty-nine-week periods ended June 1, 2019 and reissued 13 and 43 shares of treasury stock during the thirteen and thirty-nine-week periods ended June 2, 2018, respectively, to fund the Associate Stock Purchase Plan. 



Dividends on Common Stock



On July 9, 2019, the Board of Directors declared a quarterly cash dividend of $0.75 per share payable on August 6, 2019 to shareholders of record at the close of business on July 23, 2019. The dividend will result in a payout of $41,401, based on the number of shares outstanding at June 19, 2019.