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v3.20.2

Condensed Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands | Class A Common Stock [Member] Common Stock [Member] | Class A Common Stock [Member] Retained Earnings [Member] | Class A Common Stock [Member] Treasury Stock [Member] | Class A Common Stock [Member] | Class B Common Stock [Member] Common Stock [Member] | Class B Common Stock [Member] Retained Earnings [Member] | Class B Common Stock [Member] | Additional Paid-In-Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Treasury Stock [Member] | Total Shareholders' Equity Attributable to MSC Industrial [Member] | Noncontrolling Interest [Member] | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance, Value at Sep. 01, 2018 | $ 55 |  |  |  | $ 10 |  |  | $ 657,749 | $ 1,325,822 | $ (19,634) | $ (576,748) |  |  |
Issuance of Noncontrolling Interest in MSC Mexico |  |  |  |  |  |  |  |  |  |  |  |  | $ 4,637 |
Capital Contributions |  |  |  |  |  |  |  |  |  |  |  |  | 1,022 |
Foreign Currency Translation Adjustment |  |  |  |  |  |  |  |  |  | (3,096) |  |  | (146) | $ (3,242)
Net Income |  |  |  |  |  |  |  |  | 222,257 |  |  |  | (81) | 222,257
Associate Incentive Plans |  |  |  |  |  |  |  | 29,812 |  |  | 1,769 |  |  |
Repurchase and retirement of common stock, Value | (1) | $ (48,439) |  |  |  |  |  | (11,887) |  |  |  |  |  |
Repurchases of common stock, Value |  |  | $ (24,137) |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  | (85,042) |  |  |  | $ (19,266) |  |  |  |  |  |  |  |
Dividend equivalents declared, net of cancellations |  |  |  |  |  |  |  |  | (781) |  |  |  |  |
Balance, Value at Jun. 01, 2019 | 54 |  |  |  | 10 |  |  | 675,674 | 1,394,551 | (22,730) | (599,116) | $ 1,448,443 | 5,432 | 1,453,875
Dividends declared per common share |  |  |  | $ 1.89 |  |  | $ 1.89 |  |  |  |  |  |  |
Balance, Value at Mar. 02, 2019 | 54 |  |  |  | 10 |  |  | 670,047 | 1,349,972 | (20,237) | (599,603) |  | 5,602 |
Foreign Currency Translation Adjustment |  |  |  |  |  |  |  |  |  | (2,493) |  |  | (83) | (2,576)
Net Income |  |  |  |  |  |  |  |  | 79,601 |  |  |  | (87) | 79,601
Associate Incentive Plans |  |  |  |  |  |  |  | 5,627 |  |  | 526 |  |  |
Repurchase and retirement of common stock, Value |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchases of common stock, Value |  |  | (39) |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  | (28,335) |  |  |  | (6,422) |  |  |  |  |  |  |  |
Dividend equivalents declared, net of cancellations |  |  |  |  |  |  |  |  | (265) |  |  |  |  |
Balance, Value at Jun. 01, 2019 | 54 |  |  |  | 10 |  |  | 675,674 | 1,394,551 | (22,730) | (599,116) | 1,448,443 | 5,432 | 1,453,875
Dividends declared per common share |  |  |  | 0.63 |  |  | 0.63 |  |  |  |  |  |  |
Balance, Value at Aug. 31, 2019 | 46 |  |  |  | 10 |  |  | 659,226 | 946,651 | (22,776) | (104,607) |  | 5,329 | 1,483,879
Foreign Currency Translation Adjustment |  |  |  |  |  |  |  |  |  | (2,806) |  |  | (441) | (3,247)
Net Income |  |  |  |  |  |  |  |  | 198,621 |  |  |  | 501 | 198,621
Associate Incentive Plans | 1 |  |  |  |  |  |  | 26,756 |  |  | 3,254 |  |  |
Repurchase and retirement of common stock, Value |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchases of common stock, Value |  |  | (3,236) |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  | (329,052) |  |  |  | (73,433) |  |  |  |  |  |  |  |
Dividend equivalents declared, net of cancellations |  |  |  |  |  |  |  |  | (3,752) |  |  |  |  |
Balance, Value at May. 30, 2020 | 47 |  |  |  | 10 |  |  | 685,982 | 739,035 | (25,582) | (104,589) | 1,294,903 | 5,389 | 1,300,292
Dividends declared per common share |  |  |  | 7.25 |  |  | 7.25 |  |  |  |  |  |  |
Balance, Value at Feb. 29, 2020 | 47 |  |  |  | 10 |  |  | 681,657 | 703,396 | (22,053) | (105,758) |  | 5,514 |
Foreign Currency Translation Adjustment |  |  |  |  |  |  |  |  |  | (3,529) |  |  | (536) | (4,065)
Net Income |  |  |  |  |  |  |  |  | 77,703 |  |  |  | 411 | 77,703
Associate Incentive Plans |  |  |  |  |  |  |  | 4,325 |  |  | 1,197 |  |  |
Repurchase and retirement of common stock, Value |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchases of common stock, Value |  |  | $ (28) |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  | $ (34,129) |  |  |  | $ (7,541) |  |  |  |  |  |  |  |
Dividend equivalents declared, net of cancellations |  |  |  |  |  |  |  |  | (394) |  |  |  |  |
Balance, Value at May. 30, 2020 | $ 47 |  |  |  | $ 10 |  |  | $ 685,982 | $ 739,035 | $ (25,582) | $ (104,589) | $ 1,294,903 | $ 5,389 | $ 1,300,292
Dividends declared per common share |  |  |  | $ 0.75 |  |  | $ 0.75 |  |  |  |  |  |  |

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