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Shareholders' Equity | 9 Months Ended
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May 30, 2020
Shareholders' Equity [Abstract] |
Shareholders' Equity | Note 8. Shareholders’ Equity Common Stock Repurchases and Treasury Stock During the thirteen and thirty-nine-week periods ended May 30, 2020, the Company repurchased 0.5 and 44 shares of its Class A common stock for $28 and $3,236, 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 thirty-nine week periods ended May 30, 2020. 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 were not 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. 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 May 30, 2020. The Company reissued 20 and 55 shares of treasury stock during the thirteen and thirty-nine week periods ended May 30, 2020, respectively, and reissued 14 and 47 shares of treasury stock during the thirteen and thirty-nine week periods ended June 1, 2019, respectively, to fund the Associate Stock Purchase Plan. Dividends on Common Stock On June 30, 2020, the Board of Directors declared a quarterly cash dividend of $0.75 per share payable on July 28, 2020 to shareholders of record at the close of business on July 14, 2020. The dividend will result in a payout of approximately $41,685, based on the number of shares outstanding at June 15, 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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