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Shareholders' Equity
3 Months Ended
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.