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Net Income Per Share | 6 Months Ended
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Feb. 26, 2022
Net Income Per Share [Abstract] |
Net Income Per Share | Note 3. 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 Common Stock, par value $0.001 per share (“Class A Common Stock”), and the Company’s Class B Common Stock, par value $0.001 per share (“Class B Common Stock” and, together with Class A Common Stock, “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, 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 the thirteen- and twenty-six-week periods ended February 26, 2022 and February 27, 2021. Thirteen Weeks Ended Twenty-Six Weeks Ended February 26, February 27, February 26, February 27, 2022 2021 2022 2021Numerator: Net income attributable to MSC Industrial as reported $ 69,931 $ 18,085 $ 135,998 $ 56,539 Denominator: Weighted-average shares outstanding for basic net income per share 55,799 55,838 55,664 55,749 Effect of dilutive securities 172 295 281 270 Weighted-average shares outstanding for diluted net income per share 55,971 56,133 55,945 56,019 Net income per share: Basic $ 1.25 $ 0.32 $ 2.44 $ 1.01 Diluted $ 1.25 $ 0.32 $ 2.43 $ 1.01 Potentially dilutive securities 364 324 379 933 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 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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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