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Shareholders' Equity | 3 Months Ended
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Nov. 28, 2020
Shareholders' Equity [Abstract] |
Shareholders' Equity | Note 7. Shareholders’ Equity Common Stock Repurchases and Treasury Stock During the thirteen-week periods ended November 28, 2020 and November 30, 2019, the Company repurchased 46 and 41 shares of its Class A common stock for $3,159 and $3,009, 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-week periods ended November 28, 2020 and November 30, 2019. 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 November 28, 2020. The Company reissued 15 and 16 shares of treasury stock during the thirteen-week periods ended November 28, 2020 and November 30, 2019, to fund the Associate Stock Purchase Plan. Dividends on Common Stock The Company paid cash dividends of $0.75 per common share totaling $41,815 for the thirteen weeks ended November 28, 2020. For the thirteen weeks ended November 30, 2019, the Company paid cash dividends of $0.75 per common share totaling $41,536. In November 2020, the Board of Directors declared a special cash dividend of $3.50 per share payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020. The Company initially funded this $195,351 payment primarily from borrowings under its Committed Facility. On December 16, 2020, the Board of Directors declared a quarterly cash dividend of $0.75 per share payable on January 26, 2021 to shareholders of record at the close of business on January 12, 2021. The dividend will result in a payout of approximately $41,861, based on the number of shares outstanding at December 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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