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Net Income Per Share | 12 Months Ended
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Sep. 02, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | NET INCOME PER SHARE Basic 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 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 2023, 2022 and 2021:
| For the Fiscal Years Ended
| September 2, 2023 |  | September 3, 2022 |  | August 28, 2021
| (52 weeks) |  | (53 weeks) |  | (52 weeks)
Numerator: |  |  |  |  |
Net income attributable to MSC Industrial as reported | $ | 343,233 |  |  | $ | 339,786 |  |  | $ | 216,907 |
Denominator: |  |  |  |  |
Weighted-average shares outstanding for basic net income per share | 55,918 |  | 55,777 |  | 55,737
Effect of dilutive securities | 292 |  | 268 |  | 356
Weighted-average shares outstanding for diluted net income per share | 56,210 |  | 56,045 |  | 56,093
Net income per share: |  |  |  |  |
Basic | $ | 6.14 |  |  | $ | 6.09 |  |  | $ | 3.89 |
Diluted | $ | 6.11 |  |  | $ | 6.06 |  |  | $ | 3.87 |
Potentially dilutive securities | — |  | 400 |  | 314
Potentially dilutive securities attributable to outstanding share-based awards 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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