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Shareholders' Equity | 6 Months Ended
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Feb. 29, 2020
Shareholders' Equity [Abstract] |
Shareholders' Equity | Note 8. Shareholders’ Equity Common Stock Repurchases and Treasury Stock During the thirteen and twenty-six-week periods ended February 29, 2020, the Company repurchased 3 and 44 shares of its Class A common stock for $199 and $3,208, respectively. All of these shares were repurchased by the Company to satisfy the Company’s associates’ tax withholdings liability associated with its share-based compensation program and are reflected at cost as treasury stock in the accompanying Condensed Consolidated Financial Statements for the thirteen and twenty-six-week periods ended February 29, 2020. During the thirteen and twenty-six-week periods ended March 2, 2019, the Company repurchased 275 and 1,053 shares of its Class A common stock for $20,898 and $84,425, respectively. From these totals, 275 and 315 shares were not retired and the amounts of $20,898 and $24,098 are reflected at cost as treasury stock in the accompanying Condensed Consolidated Financial Statements for the thirteen and twenty-six weeks ended March 2, 2019, respectively. As part of the Company’s ongoing Stock Repurchase Plan, the total number of shares of Class A common stock authorized for future repurchase by the Board of Directors was 1,157 at February 29, 2020. The Company reissued 19 and 35 shares of treasury stock during the thirteen and twenty-six-week periods ended February 29, 2020, respectively, and reissued 20 and 33 shares of treasury stock during the thirteen and twenty-six-week periods ended March 2, 2019, respectively, to fund the Associate Stock Purchase Plan. Dividends on Common Stock The Company paid cash dividends of $360,815 for the twenty-six weeks ended February 29, 2020 which consisted of a special cash dividend of approximately $277,634 at $5.00 per share and regular cash dividends of approximately $83,181 at $1.50 per share. For the twenty-six weeks ended March 2, 2019, the Company paid cash dividends of $69,551 at $1.26 per share. On March 31, 2020, the Board of Directors declared a quarterly cash dividend of $0.75 per share payable on April 28, 2020 to shareholders of record at the close of business on April 14, 2020. The dividend will result in a payout of approximately $41,668, based on the number of shares outstanding at March 16, 2020.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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