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Net Income Per Share | 12 Months Ended
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Sep. 03, 2022
Net Income Per Share [Abstract] |
Net Income Per Share | 4. NET INCOME PER SHARE Net income per share is computed by dividing net income by the weighted-average number of shares of the Company’s Class A and Class B Common Stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of Common Stock outstanding during the period, including potentially dilutive shares of Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Common Stock is determined using the treasury stock method. The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for fiscal years 2022, 2021 and 2020:
|  | For the Fiscal Years Ended
|  | September 3, |  | August 28, |  | August 29,
|  | 2022 |  | 2021 |  | 2020
|  | (53 weeks) |  | (52 weeks) |  | (52 weeks)
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to MSC Industrial as reported |  | $ | 339,786 |  | $ | 216,907 |  | $ | 251,117
Denominator: |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding for basic net income per share |  |  | 55,777 |  |  | 55,737 |  |  | 55,472
Effect of dilutive securities |  |  | 268 |  |  | 356 |  |  | 171
Weighted-average shares outstanding for diluted net income per share |  |  | 56,045 |  |  | 56,093 |  |  | 55,643
Net income per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 6.09 |  | $ | 3.89 |  | $ | 4.53
Diluted |  | $ | 6.06 |  | $ | 3.87 |  | $ | 4.51
Potentially dilutive securities |  |  | 400 |  |  | 314 |  |  | 1,393
Potentially dilutive securities attributable to outstanding stock options and restricted stock units are excluded from the calculation of diluted net income per share when the combined exercise price and average unamortized fair value are greater than the average market price of the Company’s Class A Common Stock, and, therefore, their inclusion would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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